Black Schist Mineral Resource Estimate Upgrade
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your GUN notes
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 Mt1. 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
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.