Investee update – Aberdeen Minerals

Gunsynd Plc

("Gunsynd" or the "Company")

Investee update - Aberdeen Minerals - Exploration results

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an operational update it has received from its investee company Aberdeen Minerals Limited ("Aberdeen"), a UK based Nickel-Copper exploration company. The update is in relation to Aberdeen's Arthrath Project.

Arthrath Drilling Results

Assay results have been received from Aberdeen's seven-hole, 2024 exploration drilling campaign at Arthrath Central which tested the deeper magmatic conduit-related sulphide system.

Results delivered the combined thickest and highest-grade intersections seen at Arthrath to date, with the addition of downhole geophysics providing strong encouragement for what these higher resolution geophysical anomalies may deliver at depth.

The next drill program will continue to vector in on grade and conductivity signals which have been consistent indicators of higher sulphide saturation (and higher metal content). Highlight results included:

As announced on 5 November 2024, Aberdeen drilling discovered a sulphide trap feature containing a build-up of sulphide minerals as predicted by there exploration model:

i)          Hole AR011DD intersected this feature with an intercept of 33 metres grading 0.6% Ni and 0.3% Cu (or 0.8% NiEq2 / 1.4% CuEq3), from 199 metres downhole - the most continuous zone of net-textured sulphides intersected to-date

ii)         This included multiple shorter intercepts of semi-massive to massive sulphides at or around 1% nickel (including 2.6m at 1.5% NiEq / 2.5% CuEq), proving the right geological conditions occur for higher grade sulphide bodies to form within the broader mineralising system

iii)        The trap is a "perched" floor zone, which occurs much higher in the conduit system than expected giving confidence that more intensive sulphides should be developed at deeper levels.

 Results from AR013DD, 140 metres north of 2023 deep hole AR007DD, conform to a model of an open and strengthening sulphide conduit system at the north end of the project, providing the deepest mineralisation discovered at the project at 275 metres vertical depth:

i)          22 metres grading 0.5% Ni and 0.3% Cu (or 0.8% NiEq / 1.3% CuEq) from 315 metres downhole

ii)         No country rocks were intersected, meaning that the floor zone of the intrusion, where massive sulphides are predicted to accumulate, remains untested.

Based on these key results, combined with the other assays and borehole geophysics data, Aberdeen's technical team has identified the depth extension at the north end of the deposit as a high priority target for scalable deposits of high grade, feeder zone sulphides.

Aberdeen have provided an update on its current financial position with £2.5m cash in bank at 31 December 2024, and management continues to take a disciplined approach to expenditure and maximise "in the ground" investment.

Gunsynd holds 2,000,000 ordinary shares in Aberdeen which were acquired for £150,000.

Gunsynd looks forward to providing regular updates on future results provided by Aberdeen in relation to the current and future drilling programs.

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. 

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

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