REG - Gunsynd PLC - Mining Lease for the Kolosori Nickel Project

GunsyndAnnouncement

15/09/2022 12:45

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RNS Number : 6360Z  Gunsynd PLC  15 September 2022

15 September 2022

Gunsynd plc

 

("Gunsynd" or the "Company")

 

Mining Lease Awarded for the Kolosori Nickel Project

 

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee
company Pacific Nickel Mines Limited ("Pacific Nickel"), which is listed on
ASX (ASX: PNM), that it has been awarded a Mining Lease for the Kolosori
Nickel Project on Isabel Island in the Solomon

Islands.

Pacific Nickel has also entered into a Surface Access Rights Agreement with
landowners and a Mining Agreement with the Government of the Solomon Islands.

Pacific Nickel further states that its operations are now focussed on
finalisation of its Definitive Feasibility Study and that it will seek to
expedite the wharf and haul road construction, together with the establishment
of a construction camp in order to increase production during 2023.

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.

 

The Directors of Gunsynd accept responsibility for this announcement.

 

For further information, please contact:

 Gunsynd plc                   +44 20 7440 0640

 Hamish Harris/ Peter Ruse

 Cairn Financial Advisers LLP  +44 20 7213 0880

 James Caithie / Liam Murray

 Peterhouse Capital Limited    +44 20 7469 0930

 Lucy Williams

 

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