Investee Company Update - Aberdeen Minerals Ltd

Gunsynd Plc

("Gunsynd" or the "Company")

Investee Company Update - Aberdeen Minerals Ltd

Gunsynd Plc (AIM: GUN) notes the recent announcement by its investee company Aberdeen Minerals Ltd ("Aberdeen Minerals"), a private UK company exploring for Nickel-Copper-Cobalt deposits in North East Scotland. Aberdeen Minerals has started its "Phase 2B" mineral drilling works at the Arthrath Project in North East Scotland.

These metals are used in batteries and electrification making them strategically important raw materials essential to an energy transition in Scotland and the UK, however currently the country has no primary production.

The new drilling follows on from 2024's Phase 2A campaign, which produced some of the best mineralisation encountered over the history of the project.

Aberdeen Minerals have planned for five new boreholes for a total of 2,400 metres of drilling. Drilling has commenced and will be ongoing at the site until mid-August. A small mineral rig operated under contract by Priority Drilling UK Ltd will drill angled boreholes to collect rock core samples to around 400 metres vertical depth below the ground surface.

The work programme is privately funded through a capital raising completed in May 2024 which included a £3 million initial investment by UK mining company Central Asia Metals Plc and £0.5 million from other investors.

Aberdeen Minerals' announcement can be viewed at the following link: https://aberdeenminerals.com/news/news-releases/new-drilling-campaign-for-critical-minerals/

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

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.

For further information, please contact: