He has been charged with possessing ammunition in suspicious circumstances and possession of a firearm in suspicious circumstances.
The suspect is further charged with possessing an article with blade or point in a public place, possession of a Class A controlled drug, possession of a Class B controlled drug, two counts of possession of a Class C controlled drug and possession of a Class C controlled drug with intent to supply.
He is due to appear at Derry Magistrates’ Court on Tuesday, June 18.
As is normal procedure, all charges will be reviewed by the Public Prosecution Service.
The charges are in relation to the recovery a suspected firearm and a large quantity of suspected Class B drugs as part of an operation on Monday, June 17, in which a number of searches were conducted in Derry and in Antrim.
A 58-year-old man also arrested as part of the investigation has been released on police bail pending further enquiries.