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IN BRIEF: Gunsynd notes investee Pacific Nickel mining start

Mon, 02nd Oct 2023 12:13

Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says investee Pacific Nickel Mines Ltd on Sunday started mining of saprolite nickel ore at its Kolosori nickel project on Isabel island in the Solomon Islands. The project is a direct shipping ore nickel laterite project. Pacific Nickels expects the first shipment of ore in November. Gunsynd holds 2.7 million shares in Pacific Nickels, a stake of around 0.7%.

Current stock price: 0.30 pence

12-month change: down 29%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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