REG - Gunsynd PLC - Black Schist Mineral Resource Estimate Upgrade

GunsyndAnnouncement

16/07/2024 10:30

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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 Mt(1). 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
(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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