REG - Gunsynd PLC - Investee Company Update - Aberdeen Minerals Ltd

GunsyndAnnouncement

16/05/2025 12:15

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RNS Number : 0522J  Gunsynd PLC  16 May 2025

Gunsynd Plc

("Gunsynd" or the "Company")

Investee Company Update - Aberdeen Minerals Ltd

Gunsynd Plc (AIM: GUN) notes the recent announcement by its investee company
Aberdeen Minerals Ltd ("Aberdeen Minerals"), a private UK company exploring
for Nickel-Copper-Cobalt deposits in North East Scotland. Aberdeen Minerals
has started its "Phase 2B" mineral drilling works at the Arthrath Project in
North East Scotland.

These metals are used in batteries and electrification making them
strategically important raw materials essential to an energy transition in
Scotland and the UK, however currently the country has no primary production.

The new drilling follows on from 2024's Phase 2A campaign, which produced some
of the best mineralisation encountered over the history of the project.

Aberdeen Minerals have planned for five new boreholes for a total of 2,400
metres of drilling. Drilling has commenced and will be ongoing at the site
until mid-August. A small mineral rig operated under contract by Priority
Drilling UK Ltd will drill angled boreholes to collect rock core samples to
around 400 metres vertical depth below the ground surface.

The work programme is privately funded through a capital raising completed in
May 2024 which included a £3 million initial investment by UK mining company
Central Asia Metals Plc and £0.5 million from other investors.

Aberdeen Minerals' announcement can be viewed at the following link:
https://aberdeenminerals.com/news/news-releases/new-drilling-campaign-for-critical-minerals/
(https://aberdeenminerals.com/news/news-releases/new-drilling-campaign-for-critical-minerals/)

Gunsynd holds 2,000,000 ordinary shares in Aberdeen which were acquired for
£150,000.

 

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
Company'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.

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                   +44 (0) 78 7958 4153

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 (0) 20 7213 0880

 Liam Murray / James Western

 Peterhouse Capital Limited    +44 (0) 20 7469 0936

 Lucy Williams

 

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