Gunsynd PLC Mining Lease for the Kolosori Nickel Project (6360Z)
September 15 2022 - 7:31AM
UK Regulatory
TIDMGUN
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.
T he Directors of Gunsynd accept responsibility for this
announcement.
For further information, please contact:
Gunsynd plc
Hamish Harris/ Peter Ruse +44 20 7440 0640
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 20 7469 0930
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END
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