Gunsynd PLC Operational Update - Charger Metals NL (5914F)
08 Novembre 2022 - 8:00AM
UK Regulatory
TIDMGUN
RNS Number : 5914F
Gunsynd PLC
08 November 2022
Gunsynd plc
("Gunsynd" or the "Company")
Operational update - Charger Metals NL
Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce a
positive operational update from investee company Charger Metals NL
("Charger") (ASX: CHR), an ASX listed Australian lithium and base
metals exploration company.
The Board of Gunsynd has welcomed the update that Charger has
received the required Mine Management Plan (MMP) & Aboriginal
Areas Protection Authority (AAPA) certificate approvals to enable
Charger to make final drill preparations at its Bynoe Project in
Northern Territory, Australia. The provision of vehicle access
tracks to drill sites is the immediate priority and discussions
have advanced with drilling contractors around rig start dates.
Charger aims to drill as many holes at the Bynoe Lithium Project
this quarter as weather permits.
The Bynoe Lithium project is one of the principal assets in
Charger's portfolio of exploration assets and was one of the main
reasons for Gunsynd's investment decision when it made its first
investment in November 2020.
The Bynoe Project is located approximately 35 km southwest of
Darwin, Northern Territory, with excellent access via sealed roads
and with nearby infrastructure. It is enclosed by Core Lithium
Limited's Finniss Lithium Project, which has a mineral resource of
18.9Mt at 1.32% Li2O. Core Lithium, which has an approximate A$2.6
billion market capitalisation, commenced construction and mining
activities at its Finniss Lithium Project and has announced the
sale of direct shipping spodumene ore will commence during the
December 2022 quarter. Core Lithium is constructing its lithium
processing plant just 7km north of Charger's Bynoe Lithium
Project.
Gunsynd announced on 20 September 2022 that it had participated
in the Charger capital raise of AUD$5.5 million (consisting of 11
million shares at AUD 50 cents per share) which was supported by
existing and new investors.
For more information regarding this operational update
shareholders can access the Charger Metals website
https://chargermetals.com.au/asx-announcements/
Peter Ruse, Gunsynd PLC Director, commented: "Gunsynd is pleased
to inform shareholders of this operational update from Charger
Metals. The Bynoe project has the potential to unlock enormous
value via the maiden drill programme that has been until now held
up via regulatory heritage approval process. Charger has two large
priority targets in Megabucks and 7-up zones that will be explored
via this drilling campaign over the current quarter."
The Directors of Gunsynd accept responsibility for this
announcement.
For further information please contact:
Gunsynd plc
Hamish Harris/ Peter Ruse +44 (0) 78 7958 4153
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 (0) 20 7213 0880
Peterhouse Capital Limited
Lucy Williams +44 (0) 20 7469 0936
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