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REG - Guardian Metal Rsrc. - Pilot Mountain Drilling Update

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RNS Number : 6084R  Guardian Metal Resources PLC  30 December 2024

30 December 2024

Guardian Metal Resources plc

('Guardian Metal' or the 'Company')

Pilot Mountain - Drilling Update

Desert Scheelite - Further Very High-Grade Tungsten Results

Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic mineral
exploration and development company focused in Nevada, USA, is pleased to
announce further drillhole assay results from the Company's ongoing drilling
campaign at its 100% owned Pilot Mountain tungsten project ("Pilot Mountain"
or the "Project) located in Nevada, USA.

Laboratory assay results from drill core samples have been received from the
next batch of drillholes covering PM24-018 to PM24-028 with some further very
high-grade tungsten results being intersected. To date, 39 drillholes have
been completed. The drill pad for the 40(th) hole is prepared and drilling is
expected to recommence on 6 January 2025 (Fig. 1). The Company is also
preparing a separate notice permit which will facilitate the preparation of up
to 20 drill pads at the Project's 'Garnet' tungsten-copper-silver-zinc zone.

The Company is also now in receipt of the phase I garnet metallurgical results
and is in the process of compiling those and will release to the market as
soon as it is possible to do so.

The Company previously announced an earlier set of assay results from the
Project on 26 November 2024. The assay results included in the database
supplied to the Company incorrectly overstated some of the WO(3) assay results
for three drillholes.  The relevant sections of the announcement of 26
November 2024 are restated below with the corrected and restated WO(3) assay
results highlighted in bold in Table 3.

Oliver Friesen, CEO of Guardian Metal, commented:

"This batch of results takes us another step closer to the updated resource
estimate which feeds into the updated mine plan and eventual pre-feasibility
study for our flagship Pilot Mountain Project. We are also very pleased to
have intercepted the two single highest drilled tungsten assays from across
the Project, including 3.04% and 3.01% WO(3,) highlighting the tremendous
upside potential that continues to exist as we advance exploration and
development of our flagship asset.

"In tandem, we continue to push forward the due diligence process for the
Tempiute Mine & Mill Project which, together with Pilot Mountain,
represents a significant portfolio of USA-based tungsten assets which
strategically position Guardian Metal to benefit from the resurgence of
USA-focused critical metals mining that we expect will gain significant
momentum over the next several years."

Desert Scheelite Highlights:

 

§ Laboratory assay results confirm multiple tungsten, copper, silver and zinc
rich intervals from the latest batch of results, including the two highest
tungsten intersections to date from the Project, 3.04% WO(3) (from 122.6m -
123.4m in drillhole PM24-022) and 3.01% WO(3) (from 62.3m - 63.1m in drillhole
PM24-023).

 

§ Drillhole PM24-022 highlight downhole intersections:

 

o 44.2m @ 0.234% W0(3), 17.0g/t Ag, 1,413ppm Cu & 0.74% Zn from 119.5 -
163.7m (44.2m @ 0.39% WO(3)Eq* or 1.45% CuEq**); including

-     3.7m @ 1.448% W0(3,) 21.0g/t Ag, 5,016ppm Cu & 3.33% Zn  from
122.6 - 126.3m (3.7m @ 1.94% WO(3)Eq* or 7.27% CuEq**); and

-     8.3m @ 0.359% W0(3,)7.1g/t Ag, 3,987ppm Cu & 0.34% Zn  from
155.4 - 163.7m (8.3m @ 0.52% WO(3)Eq* or 1.93% CuEq**).

 

§ Drillhole PM24-018 highlight downhole intersection :

 

o 20.4 @ 0.514% W0(3), 28.5g/t Ag, 5,578ppm Cu & 0.45% Zn from 119.3 -
139.7m (20.4m @ 0.78% WO(3)Eq* or 2.93% CuEq**).

 

§ Drillhole PM24-023 highlight downhole intersection :

 

3.8m @ 1.861% W0(3), 52.6g/t Ag, 6874ppm Cu & 0.59% Zn from 59.3 - 63.1m
(3.8m @ 2.25% WO(3)Eq* or 8.41% CuEq**).

 

(*,**)Copper and W0(3) Equivalent ("WO(3)Eq") are calculated using a tungsten
price of US $332.5/MTU, a zinc price of US$1.3448/lb, a copper price of
US3.9965/lb and a silver price of US$28.72/Oz.

Cautionary note: The metal equivalent calculations do not consider any
metallurgical factors and assume 100% recovery and 100% payability of all
metals, as a result the stated equivalents are provided for illustrative
purposes only.

 

Results

Table 1: 2024 Drillhole collar table (this RNS)

 Hole ID   Zone              UTM Easting(#)  UTM Northing(#)  Azimuth (deg.)  Dip (deg.)  Down hole Depth (m)
 PM24-018  Desert Scheelite  424297          4248353          187             -65         169.8
 PM24-019  Desert Scheelite  424234          4248317          178             -59         65.4
 PM24-020  Desert Scheelite  424255          4248320          179             -54         66.2
 PM24-021  Desert Scheelite  424254          4248348          182             -54         107.4
 PM24-022  Desert Scheelite  424234          4248358          178             -64         174.0
 PM24-023  Desert Scheelite  424144          4248321          181             -48         74.1
 PM24-024  Desert Scheelite  424369          4248337          180             -64         119.8
 PM24-025  Desert Scheelite  424358          4248318          175             -75         130.1
 PM24-026  Desert Scheelite  424219          4248325          180             -65         9.1
 PM24-027  Desert Scheelite  424185          4248325          180             -55         60.0
 PM24-028  Desert Scheelite  424185          4248327          184             -53         90.4

(#)UTM Zone 11 North NAD83 datum

 

 

Table 2: Significant Diamond Drillhole Assay Results(1)

 Hole ID   Downhole Depth (m)      Interval (m)  W      WO3        Zn         Ag     Cu       Intersection Composites
           From        To          (ppm) a                    (%) b      (%) c       (g/t) a  (ppm) a                                                   (w
                                                                                                                                                        ei
                                                                                                                                                        gh
                                                                                                                                                        te
                                                                                                                                                        d
                                                                                                                                                        av
                                                                                                                                                        er
                                                                                                                                                        ag
                                                                                                                                                        es
                                                                                                                                                        )
                                                                                                                                                        c
 PM24-018  103.2       104.6       1.40          670    0.08       2.60       25.4   317      4.4m @ 0.08% WO(3), 0.02% Cu, 2.15% Zn & 39.3 g/t Ag

           104.6       106.1       1.50          690    0.09       1.75       25.9   225
           106.1       107.6       1.50          520    0.07       2.13       65.8   204
 PM24-018  119.3       120.8       1.50          1,250  0.16       1.65       28.4   212      20.4m @ 0.51% WO(3), 0.56% Cu, 0.45% Zn & 28.5 g/t Ag
           120.8       122.2       1.40          2,960  0.40  Δ    3.38       135.0  566
           122.2       123.9       1.70          1,930  0.24       0.27  F    46.9   191
           123.9       125.3       1.40          960    0.12       0.29  F    9.6    613
           125.3       126.8       1.50          3,710  0.73  Δ    0.07  F    6.8    2,630
           126.8       127.6       0.80          2,710  0.41  Δ    0.06  F    11.2   4,880
           127.6       129.0       1.40          2,340  0.33  Δ    0.03  F    4.4    2,170
           129.0       130.1       1.10          2,950  2.08  Δ    0.06  F    15.6   8,180
           130.1       131.6       1.50          3,660  1.32  Δ    0.05  F    13.3   6,990
           131.6       133.1       1.50          2,260  0.64  Δ    0.07  F    19.2   9,560
           133.1       134.4       1.30          810    0.10       0.08  F    21.0   11,250
           134.4       135.9       1.50          1,750  0.22       0.05  F    18.0   9,580
           135.9       137.3       1.40          750    0.09       0.07  F    24.3   12,400
           137.3       138.8       1.50          3,510  0.65  Δ    0.10  F    23.6   9,670
           138.8       139.7       0.90          2,980  0.47  Δ    0.26  F    47.1   6,590
 PM24-019  27.4        28.5        1.10          1,200  0.15       0.11  F    1.0    109      17.7m @ 0.18% WO(3), 0.06% Cu, 0.36% Zn & 4.3 g/t Ag
           28.5        29.5        1.00          1,870  0.24       0.14  F    1.6    119
           29.5        30.8        1.30          420    0.05       0.11  F    1.1    69
           30.8        32.4        1.60          980    0.12       0.12  F    3.8    167
           32.4        34.1        1.70          770    0.10       0.09  F    4.4    103
           34.1        35.6        1.50          570    0.07       0.23  F    5.6    347
           35.6        37.0        1.40          2,610  0.35  Δ    0.88  F    7.3    755
           37.0        38.7        1.70          2,630  0.35  Δ    1.48       5.8    1,365
           38.7        40.2        1.50          1,650  0.21       0.41  F    6.0    1,695
           40.2        41.7        1.50          1,790  0.23       0.27  F    7.8    1,440
           41.7        43.2        1.50          860    0.11       0.12  F    2.5    421
           43.2        44.7        1.50          1,650  0.21       0.19  F    2.7    843
           44.7        45.1        0.40          1,220  0.15       0.05  F    1.8    308
 PM24-020  29.1        30.6        1.50          1,710  0.22       0.11  F    2.0    865      13.9m @ 0.26% WO(3), 0.06% Cu, 0.08% Zn & 2.4 g/t Ag
           30.6        32.1        1.50          2,700  0.37  Δ    0.22  F    4.4    841
           32.1        33.6        1.50          2,480  0.33  Δ    0.04  F    1.0    235
           33.6        35.1        1.50          2,970  0.61  Δ    0.08  F    2.3    286
           35.1        36.6        1.50          1,080  0.14       0.07  F    1.6    303
           36.6        38.1        1.50          1,630  0.21       0.07  F    2.7    1,005
           38.1        39.6        1.50          1,550  0.20       0.05  F    5.7    1,785
           39.6        40.8        1.20          1,650  0.21       0.07  F    1.4    116
           40.8        43.0        2.20          1,080  0.14       0.04  F    1.1    159
 PM24-020  56.2        57.7        1.50          1,520  0.19       0.12  F    2.8    484      3.8m @ 0.24% WO(3), 0.04% Cu, 0.09% Zn & 2.5 g/t Ag
           57.7        58.8        1.10          880    0.11       0.09  F    3.3    307
           58.8        60.0        1.20          2,800  0.43  Δ    0.05  F    1.3    245
 PM24-022  106.4       107.9       1.50          330    0.04       0.99       6.0    438      3.40m @ 0.05% WO(3), 0.07% Cu, 2.19% Zn & 56.3 g/t Ag
           107.9       109.8       1.90          440    0.06       3.14       96.0   878
 PM24-022  119.5       121.0       1.50          1,250  0.16       3.94       6.8    1,065                                                              44.2m @ 0.23% WO(3), 0.14% Cu, 0.74% Zn & 17.0 g/t Ag
           121.0       122.6       1.60          880    0.11       2.41       90.8   3,280
           122.6       123.4       0.80          4,970  3.04  Δ    0.65  F    16.1   3,180    3.7m @ 1.45% WO(3), 0.50% Cu, 3.33% Zn & 21.0 g/t Ag
           123.4       124.6       1.20          3,100  1.63  Δ    4.23       23.6   11,350
           124.6       126.3       1.70          4,340  0.57  Δ    3.96       21.5   1,410
           126.3       127.7       1.40          1,590  0.20       0.94  F    112.0  121
           127.7       129.2       1.50          580    0.07       0.12  F    10.8   25
           129.2       132.2       3.00          210    0.03       0.07  F    -      30
           132.2       135.2       3.00          840    0.11       0.11  F    17.2   160
           135.2       136.7       1.50          260    0.03       0.03  F    -      73
           136.7       138.1       1.40          230    0.03       0.03  F    0.5    204
           138.1       139.6       1.50          1,160  0.15       2.89       69.7   786
           139.6       141.0       1.40          890    0.11       0.24  F    89.0   136
           141.0       142.7       1.70          500    0.06       0.04  F    -      46
           142.7       145.4       2.70          180    0.02       0.12  F    0.8    70
           145.4       148.4       3.00          80     0.01       0.09  F    -      94
           148.4       151.5       3.10          250    0.03       0.06  F    0.9    175
           151.5       153.0       1.50          100    0.01       0.04  F    -      69
           153.0       154.2       1.20          100    0.01       0.04  F    -      88
           154.2       155.4       1.20          150    0.02       0.05  F    1.5    114
           155.4       156.5       1.10          3,120  0.41  Δ    1.48       28.9   17,450   8.3m @ 0.36% WO(3), 0.40% Cu, 0.34% Zn & 7.1 g/t Ag
           156.5       158.0       1.50          4,170  0.56  Δ    0.28  F    8.3    4,560
           158.0       159.2       1.20          650    0.08       0.06  F    1.3    867
           159.2       160.3       1.10          3,470  0.46  Δ    0.37  F    4.6    2,760
           160.3       161.8       1.50          70     0.01       0.02  F    -      116
           161.8       163.0       1.20          760    0.10       0.13  F    3.7    564
           163.0       163.7       0.70          8,560  1.37  Δ    0.22  F    4.6    3,040
 PM24-023  40.9        42.4        1.50          2,470  0.31  Δ    1.46       2.0    769      7.5m @ 0.19 % WO(3), 0.05% Cu, 0.75% Zn & 2.0 g/t Ag
           42.4        43.9        1.50          3,010  0.41  Δ    1.58       6.3    1,560
           43.9        45.4        1.50          1,070  0.13       0.23  F    1.6    110
           45.4        46.9        1.50          250    0.03       0.16  F    -      103
           46.9        48.4        1.50          420    0.05       0.32  F    -      70
 PM24-023  59.3        60.8        1.50          4,680  0.67  Δ    1.11       11.4   10,850   3.8m @ 1.86% WO(3), 0.69% Cu, 0.59% Zn & 52.6 g/t Ag
           60.8        62.3        1.50          2,950  2.44  Δ    0.25  F    72.4   4,880
           62.3        63.1        0.80          2,760  3.01  Δ    0.27  F    92.8   3,160
 PM24-024  90.2        91.6        1.40          2,240  0.30  Δ    0.86  F    64.6   807      1.4m @ 0.30% WO(3), 0.08% Cu, 0.86% Zn & 64.6 g/t Ag
 PM24-025  76.7        78.2        1.50          2,340  0.30  Δ    0.59  F    42.9   113      1.5m @ 0.30% WO(3), 0.01% Cu, 0.59% Zn & 42.9 g/t Ag
 PM24-025  82.7        84.2        1.50          4,000  0.53  Δ    0.12  F    -      111      5.9m @ 0.30% WO(3), 0.07% Cu, 0.36% Zn & 3.2 g/t Ag
           84.2        85.6        1.40          1,770  0.22       0.16  F    2.5    390
           85.6        87.1        1.50          860    0.11       0.65  F    9.7    1,940
           87.1        88.6        1.50          2,600  0.34  Δ    0.49  F    0.6    279
 PM24-025  96.1        97.6        1.50          1,560  0.20       0.56  F    4.2    308      3.0m @ 0.25% WO(3), 0.05% Cu, 0.88% Zn & 2.7 g/t Ag
           97.6        99.1        1.50          2,380  0.31  Δ    1.20       1.2    741
 PM24-027  51.3        52.8        1.50          1,520  0.19       0.21  F    44.3   244      6.0m @ 0.28% WO(3), 0.02% Cu, 1.35% Zn & 17.8 g/t Ag
           52.8        54.3        1.50          1,690  0.21       0.77  F    20.2   159
           54.3        55.8        1.50          2,620  0.35  Δ    4.10       5.3    202
           55.8        57.3        1.50          2,800  0.38  Δ    0.31  F    1.5    65
 PM24-028  53.9        55.4        1.50          2,570  0.33  Δ    3.90       28.0   1,205    4.1m @ 0.31% WO(3), 0.06% Cu, 2.66% Zn & 11.3 g/t Ag
           55.4        57.0        1.60          1,820  0.23       3.11       2.4    350
           57.0        58.0        1.00          3,050  0.41  Δ    0.10  F    0.5    21
 PM24-028  63.2        65.5        2.30          1,520  0.19       0.97  F    14.3   914      2.3m @ 0.19% WO(3), 0.09% Cu, 0.97% Zn & g/t 14.3 g/t Ag
 PM24-028  70.7        71.9        1.20          1,670  0.21       0.06  F    0.6    44       1.2m @ 0.21% WO(3), 0.06% Zn & 0.6 g/t Ag
 PM24-028  74.9        76.4        1.50          2,100  0.28  Δ    0.39  F    23.2   1,190    1.5m @ 0.28% WO(3), 0.12% Cu, 0.39% Zn & 23.2 g/t Ag

Table 2 notes:

Summary of certificated assay results provided by accredited laboratory ALS
USA Inc

ppm: parts per million, 10,000 ppm = 1%

a: ALS method ME-ICP61;

b:  WO(3) % calculated as W % multiplied by 1.2611

c: ALS method Zn-OG62

Δ: denotes WO(3) % calculated using W ppm (method ME-XRF15c)

F: denotes Zn % calculated using Zn ppm (method ME-ICP61)

 

A review of the Pilot Mountain assay database identified a change in the
laboratory assay method for overlimit tungsten (W-XRF10) to overlimit WO(3)
(ME-XRF15c) that was previously not flagged for drill holes PM24-014, PM24-016
& PM24-017, meaning that the overlimit samples for those holes were stated
as calculated WO(3) (W % multiplied by 1.2611) as opposed to assayed WO(3).
The WO(3) grades in bold type below and in the corresponding Table 3 are
corrected and restated from the announcement dated 26 November 2024.(2) All
zinc, silver, copper, and W (analysed via ME-ICP61) results remain unchanged.

§ PM24-017 downhole highlight drill intersections comprise:

 

o 46m @ 0.345% W0(3), 12.2g/t Ag, 2,476ppm Cu & 0.37% Zn from 66.4 -
112.4m (46m @ 0.48% WO3Eq* or 1.79% CuEq**); including

-     10.8m @ 0.558% W0(3)(,) 1.2g/t Ag, 684ppm Cu & 0.18% Zn  from
66.4 - 77.2m (10.8m @ 0.60% WO3Eq* or 2.21% CuEq**); and

-     7.6m @ 0.727% W0(3)(,) 29.2g/t Ag, 10,982ppm Cu (1.098%) & 0.64%
Zn  from 101.2 - 108.8m (7.6m @ 1.17% WO(3)Eq* or 4.33% CuEq**).

 

§ PM24-014 downhole highlight drill intersection comprises:

 

o 15.1m @ 0.133% W0(3), 45.2g/t Ag, 12,923ppm Cu (1.292%) & 0.65% Zn from
20.4 - 35.5m (15.1m @ 0.67% WO3Eq* or 2.49% CuEq**).

Table 3: 26 November 2024 Restated Assay Results

 Hole ID   Downhole Depth (m)      Interval (m)  W      WO3        Zn           Ag       Cu       Intersection Composites
           From        To          (ppm) a              (%) b      (%) c        (g/t) a  (ppm) a  (weighted averages) c
 PM24-014  20.4        23.5        3.1           1,380  0.17       0.62         17.3     8,230    15.1m @ 0.133% WO(3), 45.2g/t Ag, 0.65 % Zn & 1.29 % Cu
           23.5        25          1.5           1,260  0.16       0.49         30.7     9,940
           25          26.5        1.5           2,210  0.31   Δ   0.86         105      50,200
           26.5        27.8        1.3           860    0.11       0.67         48.2     11,950
           27.8        30          2.2           600    0.08       0.97         142      3,480
           30          31.5        1.5           140    0.02       0.53         5.9      468
           31.5        32.8        1.3           130    0.02       0.64         5.7      782
           32.8        34.3        1.5           1,570  0.20       0.41         7.6      30,600
           34.3        35.5        1.2           720    0.09       0.49         18.3     7,180

 PM24-015  25.3        26.8        1.5           1,750  0.22       0.58         5.8      1,315    7.0m @ 0.200% WO(3), 6.2 g/t Ag, 0.79% Zn & 0.18% Cu
           26.8        28.3        1.5           1,860  0.23       1.21  F      8.9      2,880
           28.3        29.3        1             1,730  0.22       0.42         4        1,110
           29.3        32.3        3             1,320  0.17       0.81         5.8      1,700
           33.8        34.8        1             1,070  0.13       0.71         18.2     10,350   2.5m @ 0.069% WO(3), 10.8 g/t Ag, 0.66% Zn & 0.97% Cu
           34.8        36.3        1.5           200    0.03       0.62         5.9      9,300

 PM24-016  78.3        79.8        1.5           1,700  0.21       0.04         1        336      4.6m @ 0.292% WO(3), 42.7 g/t Ag, 0.92% Zn & 0.05% Cu
           79.8        81.4        1.6           2,210  0.30   Δ   1.16      F  1.7      366
           81.4        82.9        1.5           2,800  0.36   Δ   1.56      F  128      802

 PM24-017  66.4        68.1        1.7           5,290  1.50   Δ   0.16         4.3      2,030    10.8m @ 0.558% WO(3), 1.23 g/t Ag, 0.18% Zn & 0.07% Cu      46.0m @ 0.345% WO(3), 12.2 g/t Ag, 0.37% Zn & 0.25% Cu
           68.1        69.6        1.5           2,770  0.82   Δ   0.52         2.3      832
           69.6        71.1        1.5           1,870  0.24       0.04         -        75
           71.1        72.7        1.6           3,260  0.42   Δ   0.05         -        446
           72.7        74.2        1.5           1,770  0.22       0.16         1.2      359
           74.2        75.7        1.5           1,460  0.18       0.11         -        169
           75.7        77.2        1.5           3,080  0.41   Δ   0.23         0.5      711
           77.2        78.7        1.5           1,570  0.20       0.2          -        130
           78.7        80.6        1.9           1,290  0.16       0.37         -        99
           80.6        82.1        1.5           150    0.02       0.06         2        29
           82.1        83.5        1.4           110    0.01       0.03         -        32
           83.5        85          1.5           1,240  0.16       0.18         0.6      65
           85          86.5        1.5           670    0.08       0.07         -        81
           86.5        88          1.5           1,490  0.19       0.64         14.9     633
           88          91          3             1,660  0.21       0.09         1.2      163
           91          92.5        1.5           1,290  0.16       0.38         1.6      83
           92.5        93.7        1.2           2,530  0.33   Δ   1.86      F  4.9      273
           93.7        95.2        1.5           240    0.03       0.07         2.6      27
           95.2        96.6        1.4           20     0.00       0.04         -        24
           96.6        98.1        1.5           550    0.07       0.7          32.1     354
           98.1        99.7        1.6           2,310  0.32   Δ   1.3       F  124      225
           99.7        101.2       1.5           1,170  0.15       0.57         5.6      2,220
           101.2       102.7       1.5           2,490  0.32   Δ   0.27         7.9      992      7.6m @ 0.727% WO(3), 29.15 g/t Ag, 0.64% Zn & 1.10% Cu
           102.7       103.6       0.9           3,340  1.51   Δ   0.74         13.6     5,040
           103.6       104.7       1.1           2,640  0.66   Δ   0.25         4.8      2,000
           104.7       105.9       1.2           2,690  1.58   Δ   1.78      F  31.9     16,950
           105.9       107.3       1.4           3,210  0.47   Δ   0.75         19.3     8,680
           107.3       108.8       1.5           2,160  0.27   Δ   0.23         84.6     28,500
           108.8       109.4       0.6           240    0.03       0.12         24.4     12,050
           109.4       111.1       1.7           1,780  0.22       0.07         1.9      880
           111.1       112.4       1.3           2,650  0.35   Δ   0.1          10.2     5,730

Table 3 notes:

Summary of certificated assay results provided by accredited laboratory ALS
USA Inc

ppm: parts per million, 10,000 ppm = 1%

a: ALS method ME-ICP61;

b:  WO(3) % calculated as W % multiplied by 1.2611

c: ALS method Zn-OG62

Δ: denotes WO(3) % calculated using W ppm (method ME-XRF15c)

F: denotes Zn % calculated using Zn ppm (method ME-ICP61)

 

 

Figure 1: 2024 drillhole plan map showing the location of all holes drilled to
date. Red drill collars represent holes for which assays have been reported,
yellow collars are holes still to be reported.

 

 

References

1:            ALS USA Inc. analytical method utilised:  ME-ICP61
for all samples, with ME-ICP61 overlimit samples also analysed using Ore Grade
packages Ag-OG62, Cu-OG62, Pb-OG62, Zn-OG62, and W-XRF15c for high-grade
tungsten.

 

2:
https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-significant-drill-results/16781172

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018). The Directors of the Company are
responsible for the contents of this announcement.

 

 

COMPETENT PERSON STATEMENT

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a
qualified geologist and acts as the Competent Person under the AIM Rules -
Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal
consultant working for Mining Analyst Consulting Ltd which has been retained
by Guardian Metal Resources plc to provide technical support.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

For further information visit www.Guardianmetalresources.com
(http://www.goldenmetalresources.com) or contact the following:

 Guardian Metal Resources plc                 Tel: +44 (0) 20 7583 8304

 Oliver Friesen (CEO)
 Cairn Financial Advisers LLP                 Tel: +44 20 7213 0880

 Nominated Adviser

 Sandy Jamieson/Jo Turner/Louise O'Driscoll
 Shard Capital Partners LLP                   Tel: +44 (0) 20 7186 9000

 Broker

 Damon Heath/Erik Woolgar

 

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