Last checked at 19 Oct 2022 07:00
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
FIRST CLASS METALS PLC
19th October 2022
Award of Exploration Permits-Sunbeam Project
First Class Metals PLC ("First Class Metals" "FCM" "First Class"or the "Company") the UK metals exploration company is pleased to announce the issue of two Exploration Permits for the Company's Sunbeam Project ("Sunbeam") including 'Sunbeam Extension' located in the Ramsey-Wright Townships, in the Superior Province of the Canadian Shield, Ontario.
The permits are effective for a period of three years until expiry on the 13th of October 2025.The permitted activities are, drilling, trenching, stripping, ground geophysics and trail cutting
Figure 1-Sunbeam Property Permitted Activity
Marc Sale, First Class Metals CEO Commented: "The award of the two exploration permits over the Sunbeam Project area will allow a systematic programme of exploration activities over the next three years. Initial focus will be on the known, underexplored but exciting targets, across this highly prospective property. Furthermore we anticipate the review of historical data to enhance these targets and potentially reveal further exploration foci.
To have these permits issued so soon after our recent purchase option over the property is a great success for First Class and shows we are really hitting the ground running. Now these permits are in place we are able to proceed with meaningful exploration towards advancing this highly prospective project: the aim would be to conduct an initial drill programme in the coming field season.
For further information, please contact:
First Class Metals PLC
James Knowles, Executive Chairman | JamesK@Firstclassmetalsplc.com | 07488 362641 |
Marc J Sale, CEO | MarcS@Firstclassmetalsplc.com | 07711 093532 |
Ayub Bodi, Executive Director | AyubB@Firstclassmetalsplc.com | 07860 598086 |
First Equity Limited (Financial Adviser & Broker) 020 7374 2212
Jonathan Brown Jason Robertson
Forward Looking Statements
Certain statements in this announcement may contain forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Such forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'aim', 'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', or other words of similar meaning. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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