REG - Gunsynd PLC - Pacific Nickel - Kolosori Nickel Project update

GunsyndAnnouncement

02/10/2023 11:00

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RNS Number : 3675O  Gunsynd PLC  02 October 2023

Gunsynd PLC

("Gunsynd" or the "Company")

Pacific Nickel update: Mining of Nickel Ore Commenced

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 mining of saprolite nickel ore has commenced from its
Kolosori Nickel Project on Isabel Island, Solomon Islands. The Kolosori Nickel
Project is a direct shipping ore (DSO) nickel laterite project. Mining of
saprolite nickel ore commenced on 1 October 2023 and the ore was delivered to
one of the stockpile pads developed by the Company near to the wharf in
preparation for the first shipment of ore which is anticipated in November
2023.

Gunsynd currently holds 2,779,840 shares in Pacific Nickel representing
approximately 0.66% of Pacific Nickel's issued ordinary share capital.

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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