Indeed that may or may not be safe depending on the external earth impedance at the origin, since that MCB will need 320A to open on the instant part of the trip curve.
If you had the notional book value of 0.8 Ohms of external earth impedance on a TN-S earthing system, and added to that the 42 mOhms contribution of the cable, you would only be able to muster about 273A of fault current. (which would take something like 7 seconds to open that MCB).
An adiabatic check would also show the conductor size required:
s = sqrt( 273^2 x 7 ) / 115 = 6.28mm^2
so well in excess of the 1.5mm^2 area of earth conductor.
If we work it backwards from the 320A required, the total ELI can't be more than 230 / 320 = ~0.7 ohms. So fine without measurements on a TN-C-S system, but will need checking on TN-S