Gunsynd PLC Black Schist Mineral Resource Estimate Upgrade
16 July 2024 - 7:26PM
RNS Regulatory News
RNS Number : 5979W
Gunsynd PLC
16 July 2024
Gunsynd PLC
("Gunsynd" or the
"Company")
Black
Schist Mineral Resource Estimate Upgrade
Gunsynd Plc (AIM: GUN, AQSE: GUN),
the AIM and AQSE quoted investing company, notes the
announcement by Metals One Plc ("Metals One") in relation to its
maiden JORC Inferred Mineral Resource for the P5 area of the
Finland - Black Schist Project of 29 Mt1. This brings
the total Black Schist Project resource to 57.1 Mt, approximately
double the previous estimate.
Gunsynd holds 6.25% of the issued share capital
of Metals One Finland Oy, a subsidiary of Metals One which holds
the Black Schist Project.
1 27.2 Mt attributable to Metals One; 1.8 Mt (6.25%)
attributable to project partner, Gunsynd Plc. Metals One has the
option to acquire this 6.25% from Gunsynd.
The Metals One announcement can be viewed in
full at the link below:
https://www.londonstockexchange.com/news-article/MET1/black-schist-project-mre-upgrade/16569438
This announcement contains inside information
for the purposes of the UK Market Abuse Regulation and the
Directors of the Company are responsible for the release of this
announcement.
For further
information please contact:
|
Gunsynd
plc
Hamish Harris / Peter Ruse
|
+44 (0) 78 7958 4153
|
|
Cairn
Financial Advisers LLP
James Caithie / Liam Murray
|
+44 (0) 20 7213 0880
|
|
Peterhouse
Capital Limited
Lucy Williams
|
+44 (0) 20 7469 0936
|
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END
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