Annonce • Jul 24
Goldstone Resources Limited, Annual General Meeting, Aug 11, 2025 Goldstone Resources Limited, Annual General Meeting, Aug 11, 2025. Location: the offices of faegre drinker biddle and reath llp, level 18, 8 bishopsgate, ec2n 4bq, london United Kingdom Annonce • Mar 28
Goldstone Resources Limited Provides an Update on Its Homase Mine and Heap Leach Operation in South-Western Ghana Goldstone Resources Limited provided an update on its Homase Mine and heap leach operation in south-western Ghana. Gold Pour: The Company achieved another increase in production, with 18.629 kilograms of gold dore, equivalent to approximately 598.9 ounces of gold dore poured as at 24 March 2025, a 14% monthly increase. Operational Ramp-Up: The operation maintains the average 48,000 tonnes of agglomerated stacked ore per month, with mining operations and heap leach processing targets on track. Expansion in Progress: The preparatory work continues for the expansion of Pit 1, with the pushback of the benches to allow access to the ore. It is anticipated that mining operations will re-commence in Pit 1 this month, where expected grades are 1-1.2 g/t, which with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of production target over the coming months. To further support the expansion of both mining and processing operations throughout 2025, operations continue to advance on the second lift of pads 3 and 4 and the extension to Cell 5 is nearing completion, with compacting completing ready for the geomembrane to be laid. The civil engineering work continues for the construction of Cells 6 and 7. Annonce • Feb 12
Goldstone Resources Limited Provides an Update on Its Homase Mine and Heach Operation in South-Western Ghana Goldstone Resources Limited provided an update on its Homase Mine and heap leach operation in south-western Ghana. Record Gold Pour: On 10 February 2025, the Company achieved a record 16.253 kilograms of gold dore, equivalent to approximately 522 ounces of gold. Strong Production Growth: Monthly gold production has doubled since November 2024, and Goldstone remains committed to working towards its target of 1,000 ounces of dore per month. Consistent Improvement: The average monthly gold pour for 2024 was 225 troy ounces, based on final assay reports from Metalor Technologies SA, reflecting significant and ongoing operational improvements, particularly during Fourth Quarter 2024. Operational Ramp-Up: The operation has successfully ramped up to an average of 48,000 tonnes of agglomerated stacked ore per month, with mining operations and heap leach processing targets on track. Lower-than-expected ore grades in the final stages of the Pit 2 of operations, which is nearing the limits of the oxide ore, are currently impacting final gold production volumes, however operations will shortly be re-entering the higher grade Pit 1, which was placed on hold in 2023 due to the now completed relocation of a stream. As such, mining operations will re-commence in Pit 1 within a month, where expected grades are 1-1.2 g/t, which with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of production target over the coming months. Expansion in Progress: Operations are currently advancing on the second lift of pads 3 and 4, the extension to Cell 5 is nearing completion. The civil engineering work is underway for the construction of Cells 6 and 7. This work will support the expansion of both mining and processing operations throughout 2025, and preparatory work has already commenced for the expansion of Pit 1. Annonce • Jan 15
Goldstone Resources Limited Provides an Update on Production At the Homase Mine and Heap Leach Operation in South-Western Ghana Goldstone Resources Limited provided an update on production at the Homase Mine and heap leach operation in south-western Ghana (Homase). The production ramp up continues to advance, with a 48,000 tonnes per month of agglomerated stacked ore in November and December 2024, and this stacking rate is expected to be maintained over the coming months. The latest gold pour of 416 ounces of gold doré in respect of December 2024 production was completed on 10 January 2025 following the Presidential inauguration on 7 January 2025, with gold production expected to reach 1,000 ounces per month target in first quarter 2025. The company continues to focus on the progressing the civil engineering on the construction for Cells 6 and 7 for the continuation of the mining operations for the planned ramp up of production throughout 2025. Annonce • Dec 10
Goldstone Resources Limited Provides an Update on the Progress of Operations in Respect of the Homase Mine and Heach Operation in South-Western Ghana Goldstone Resources Limited provided an update on the progress of operations in respect of the Homase Mine and heap leach operation in south-western Ghana ("Homase"). The production ramp up continues to advance in line with expectations and remains on target for expected production for the remainder of 2024 and going into 2025. 34% increase in average monthly production, with 380 ounces of gold doré produced in November (average production during 2024 of 250 ounces per month). The second shift started in November 2024 and stacked agglomerated ore totalled 45,000 tonnes. Civil engineering continues to progress the construction for Cells 6 and 7 for the continuation of the mining operations for the planned ramp up of production into 2025. Annonce • Nov 11
Goldstone Resources Limited Provides an Update on the Progress of Operations in Respect of the Homase Mine and Heach Operation in South-Western Ghana Goldstone Resources Limited provide an update on the progress of operations in respect of the Homase Mine and heap leach operation in south-western Ghana ("Homase"). Mining continues in Pit 2 which is expected to be completed late January 2025, with preparation work starting in Pit 1 to commence production in First Quarter 2025. Earthworks continue for the extension to Cell 5 and to Cells 6 and 7 and preparations for Cell 4 have begun to prepare for a second lift. · To date the Company has poured c.1,920 troy ounces gold in 2024, compared to 1,257 troy ounces during 2023. Remain on schedule to meet the Company's target of 1,000 ounces gold production per month from January 2025, from 48,000 tonnes of stacked agglomerated ore per month. Annonce • Aug 22
Goldstone Resources Limited has completed a Follow-on Equity Offering in the amount of £0.6 million. Goldstone Resources Limited has completed a Follow-on Equity Offering in the amount of £0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,142,857
Price\Range: £0.0105
Transaction Features: Subsequent Direct Listing Annonce • Jun 06
GoldStone Resources Limited Appoints Campbell Smyth as Non-Executive Director GoldStone Resources Limited announced the appointment of Mr. Campbell Smyth as a non-executive director with immediate effect, as the nominee director of Asian Investment Services Limited (AIMSL), which holds 29.68% of the company's issued share capital. Mr. Smyth has over 30 years of experience in fund management, capital markets and corporate finance in the venture capital and resource sectors. His extensive experience includes advising company boards in strategic transactions and management and trading of commodity funds. He has assisted in raising over $500 million of capital for junior resource companies. Following a career as a resources portfolio manager in London with Lion Resource Management, Mr. Smyth relocated to Australia and set up Clariden Capital Pty Ltd. in September 2008 which focuses on development capital companies on the ASX and TSX. He assisted in managing the Phoenix Gold Fund, based in Kuala Lumpur, from 2005 to 2014. Mr. Smyth holds a Bachelor of Commerce from the University of Western Australia, and postgraduate studies in Economics from Pembroke College, Oxford University. Mr. John Campbell Smyth, aged 55: Current Directorships/Partnerships: Allup Silica Ltd; Amani Gold Ltd; Clariden Capital Pty Ltd; Cornerstone Advisors Pty Ltd; Fitzroy Minerals Ltd; Nubian Resources Ltd; Orange Minerals NL; Stunalara Metals Limited. Past Directorships/Partnerships within last 5 years: Allied Copper Corp; Bight Petroleum PTY LTD; Distributed Power Generation Limited; FE Metals Limited; GoldOz Limited; KCM Mining Holdings PTY LTD; Macro Metals Ltd; West New Guinea Gold PTY LTD. Annonce • Apr 02
Goldstone Resources Limited Announces William (Bill) Trew Has Stepped Down from the Board of Directors Goldstone Resources Limited announced that Mr. William (Bill) Trew has stepped down from the Company's Board of Directors, effective April 1, 2024. The Company wishes to thank Mr. Trew for his contributions during his Board tenure and wishes him well in his future endeavours. Annonce • Jan 28
Goldstone Resources Limited announced that it expects to receive £2.4 million in funding from Blue Gold International Limited Goldstone Resources Limited announced that it has entered into a loan agreement with Blue Gold International Limited for the gross proceeds of £2,400,000 on December 27, 2023. The loans are due for redemption on 30 November 2024. The loan will bear a fixed interest of 8% per annum with a conversion price of of £0.0325 per share. As a part of the transaction, the company issued warrants to the investor to subscribe for 60,000,000 new ordinary shares of £0.04 per share in the capital of the company. The warrants will expire at any time until 26 January 2025 . The company may repay part or the whole of the loan plus accrued interest early at its sole discretion and there will be no early repayment penalty chargeable. The company expected to receive £2,400,000 in the transaction. Annonce • Dec 30
GoldStone Resources Limited Provides an Operational Update in Relation to Mining and Production Activities At the Homase Mine and Exploration Activities At the Former Akrokeri Underground Mine GoldStone Resources Limited provided an operational update in relation to mining and production activities at the Homase Mine and exploration activities at the former Akrokeri Underground Mine. 5,153 troy ounces of gold produced and sold to date from the Homase Mine, realising an average price of $1,794 per oz for revenues of $9.3 million. Gold loan repayments from gold via the delivery of 675 troy ounces to Asia Investments Management Services Limited ("AIMS"), have been delivered. 2022 production target of 7,000 ounces of gold not yet achieved, but the shortfall ounces remain within the heap at various stages of recovery. Further improvements being made to the dry plant to improve gold recovery from the current recovery rate of approximately 65%. Pit 1 and Pit 2 increase in available mineable resource demonstrated from geotechnical drilling which would strongly improve economic performance. Further drill results from fourth quarter diamond drill programme at the former high grade Akrokeri Mine expected in early first quarter 2023. Board Change • Dec 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Orrie Fenn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Orrie Fenn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Sep 27
Goldstone Resources Limited Provides Update on Diamond Drilling at Akrokeri, Ghana GoldStone Resources Limited provided the assays from the first three holes of the Diamond Drilling (DD) programme, announced 30 August 2022. These holes are the first in a programme designed to probe the southward extension of the high-grade orebody exploited in the Akrokeri mine (Akrokeri Mine or Mine) down to a depth of around. 70 m vertical, and along initial strike distance of around 600 m. The drill programme is in line with the Company's strategy to advance additional high-priority gold targets towards production to augment current production from the company's Homase Open Pit Mine. Highlights: Results for the three diamond drill-holes have returned very encouraging results, including: 22AKDD001: 6.5 metres @ 1.63g/t from 7.7 metres, including 3.5 metres @ 2.35g/t. 22AKDD002: 4.1metres @ 11.01g/t from 46 metres, including 1metre @ 41.04g/t. 22AKDD003: 3.6 metres @ 5.77g/t from 69.4 metres, including 1metre @ 12.06g/t. The drilling confirmed continuity of the mineralised zone at vertical depths of between 36 metres and 65 metres and extending a minimum of 180 m beyond the known southern limit of the mine. These results and the ongoing drill programme underpin GoldStone's focus on delineating near-surface resources that can be exploited in the near future. The drilling results shows mineralisation extends along strike, displays the vein widths and also demonstrates the extent of the former underground workings. Mineralisation intersected in this drilling is consistent with projections of the drilling campaigns, previously started by Birim Gold Plc in 1996, and Pan African Resources Plc in 2007. The Company relogged the core from these former campaigns, announced 7 June 2018. The assaying of the core identified mineralised zones, which are basis for this current drilling campaign. The first three-holes from the 1,500 metre diamond drill programme, totalling 268.1 metres, were designed to provide new information on the depth and strike-continuity of the mineralised zone at the former Akrokeri Mine previously exploited between 1905 and 1909. The steeply west-dipping mineralised zone occupies a major North-South-trending structural corridor 12 km north-north-east (NNE) of the multiple ore zones that comprise the Obuasi Mine, one of the world's largest gold mines with a combined historical and current production and resource base of >70 million ounces of gold. Two of the three holes were inclined at 55o and one at 75o respectively and intersected the mineralised zone at vertical depths between 37 m and 66 m beneath surface. All three holes intersected significant widths of approximately 2.2 metres mineralisation, thus confirming the continuity of the zone along strike and with depth. The mineralised intercepts in the three DD holes are characterised by quartz and quartz carbonate veinlets. In the intervals reported with significant intercepts, much of the mineralisation is oxidized, transitioning through patchy weathering with low pyrite content and quartz being the dominate vein component. 22AKDD001intersected the old workings at vertical depths of around 18 metres and 59 metres. The shallower void was 2.7 metres wide, being along strike from the known workings of the Akrokeri Mine. Whilst it is disappointing that the former miners have mined this section of the mineral zone, it proves the extension of the mine workings along the first level that was previously recorded as being 100 feet vertical depth, approximately 30 metres below surface, noting that some 12m of ground has been worked and dugout since that time with over 100 years of artisanal mining on the Akrokeri Mine area. The location of22AKDD001 is opposite theartisanal miners' trench that was announced 25 March 2022. The assays from the trench returned relatively high-grade central zone of 3 metres with an average grade of 45g/t, the location of the trench appears to correlate with the down-dip projection of the mineralised zone, which again unfortunately has been mined out by the former miners. 22AKDD002 and 22AKDD003intersected the mineralised zone at approximately 180 metres along strike from the known workings of the Akrokeri Mine. The intersections can be correlated to an intercept within hole PAR007 which was drilled in 2007. Further intercepts encountered in this hole indicate the possibility of sub- parallel structures in addition to the main vein. The results from the first three holes drilled in 2022 provide significant encouragement to undertake additional drilling along the projected extension of the mineralised zone, as a detailed understanding of the controls of this zone at Akrokeri is critical to the planning of further exploration drilling. Annonce • Aug 31
GoldStone Resources Limited Announces Start of Drill Programme at Akrokeri Gold Mine GoldStone Resources Limited announced the commencement of a 1,500 metre Diamond Drilling("DD") programme on the 100% owned and previously producing high-grade Akrokeri underground mine ("Akrokeri Mine" or "Mine"), which has from the re-logging of core in 2018, announced 8 June 2018, returned individual assays of up to 24.8g/t and 51g/t gold. The drill programme is in line with the Company's strategy to advance additional high-priority gold targets towards production to augment current production from the Company's Homase Open Pit Mine. The Akrokeri Mine is located in a highly prospective region and is approximately 12km NNE and along strike from the Obuasi Mine, owned by AngloGold Ashanti Ltd, and 6km south of the Company's producing Homase Mine, shown in Figure 1. It is recorded by the Ghanaian Minerals Commission that the Akrokeri Mine produced some 75,000 ounces of gold from approximately 104,000 tons (94,347 tonnes) of ore in the early 1900's, equating to an average recovered grade of approximately 0.73 oz/t, equivalent to 24g/t. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Orrie Fenn was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Orrie Fenn was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Orrie Fenn was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 30
GoldStone Resources Limited Announces That It Has Now Successfully Completed Its First Commercial Gold Pour At the Homase Mine in the Ashanti Gold Belt in Ghana GoldStone Resources Limited announced that it has now successfully completed its first commercial gold pour at the Homase Mine in the Ashanti Gold Belt in Ghana. The first pour was completed during the commissioning of the Smelt House this week, which followed the commissioning of the Elution Plant announced on 1 November 2021. The Company's first smelt and gold pour produced gold bars weighing, in aggregate, 14.46kg (approximately 464.90 Troy Ounces). This production now enables the Company to meet the interest payment demands for the USD 3 million secured gold loan announced on 22 June 2020 with Asia Investments Management Services Limited ("AIMS"), subject to the Company receiving its Export Permit. The total interest payments in respect of October and November 2021 comprise 11kg of gold, which is due to be paid now, as announced on 20 September 2021 and 1 November 2021. AIMS acknowledges that, following the first gold pour, the Company is in a position to settle the amounts due and has therefore agreed that the Company will not be in default under the Gold Loan agreement, subject to the Company settling the October and November interest payments in gold within 15 business days (or longer if agreed by AIMS in writing). Interest will continue to accrue at the default rate of 17% on the amounts due. The Company expects to receive the required Export Permit within this 15 business day period. Further announcements will be made in due course as and when appropriate. In the context of COVID-19 related restrictions, and if conditions permit, the Company will be hosting an on-site inauguration ceremony of Ghana's newest gold mine with Ghanaian Government authorities early next year. Following the pause of operations announced 17 September 2021, the Company will now be recommencing mining operations, and the Company will update the market with a revised production schedule in due course. Annonce • May 14
Goldstone Resources Limited Announces Commencement of Ore Stacking & Production Schedule GoldStone Resources Limited announced that mining and ore stacking at the Homase Mine within its Akrokeri-Homase Gold Project ("AKHM") in Ghana has commenced with the first mined ore having been successfully stacked onto the heap leach pad. Homase Mining Highlights: First ore stacked on leach pad on 6 May 2021; The first two cells of the heap leach pad have been commissioned, enabling stacking to commence at a rate of 100 tonnes per hour, which is currently ramping up to a target of 200 tonnes per hour; 80,000 tonnes of ore have been stockpiled, equating to around one month of mine production at full 3,000 tonne per day heap leach capacity; All crushing plant and stacking equipment has been tested and commissioned, and the dry plant is now operating on day shift. Further to the increased mineable resource announced, 3 December 2020, and the company's optimization review of the Homase Mine, GoldStone is also pleased to provide its planned mining schedule for the year ending 31 December 2021. The first eight months production of the Homase Mine is forecast to produce some 25,000 ounces of gold, at a total cash cost, pre-tax, of under US$600per ounce. These figures have been derived by the company, which believes the cash cost lies within the lower quartile of industry cost standards. Planned gold production for the first eight months from commencement of mining now exceeds the Company's original guidance of 14,400 ounces per annum, stated in the Definitive Economic Plan ("DEP") announced on 19 June 2019. Accordingly, the Company expects to increase the planned production rate to around 50,000 ounces of gold per annum, which would represent an increase of more than 300% from the original production schedule. The company is continuing to review the options available for extracting saleable gold from the loaded carbon it is producing, including toll treatment or expanding its own processing facility to include an elution plant and gold room. In this regard, Goldstone expects to make a decision shortly depending on the terms offered by existing third party processing facilities and any financing options that may be available, however notes that additional funding may be required in the coming months depending on the timing and cost associated with such arrangements.
The Company can confirm that mining operations, which began in April 2021, following the pre-stripping and clearing of the Homase mine site, continue to perform well. The daily mining rate and the growth in the primary and secondary run-of-mine stockpiles are performing at or above the targeted levels. Annonce • Jan 20
Goldstone Resources Limited Announces Settlement of Claim by Former Director GoldStone Resources Limited announced that it has reached an agreement with a former director of the company, for full and final settlement of damages awarded by the South African Labour Court (the Court) in December 2018 (the Settlement Agreement), as announced at such time and most recently disclosed in the Company's interim results for the six-month period to 30 June 2020. Pursuant to the Settlement Agreement, the company has agreed to issue 1,800,000 new ordinary shares of 1 pence each in the Company (Ordinary Shares) (the Settlement Shares) to the former director, which have a value of £163,800 (approximately $222,768) at the closing middle market price of the Company's Ordinary Shares on 15 January 2021, which, in addition to $22,500 already paid in cash, represents full and final settlement of the damages awarded to him by the South African courts. The Company has been indemnified against any future claims by the former director of the Company. The Settlement Agreement allows Goldstone to retain the majority of the cash associated with the damages awarded to the former director of the Company for working capital purposes as it targets the commencement of production at AKHM. The Settlement Shares will rank pari passu with the existing Ordinary Shares and application will be made for the Settlement Shares to be admitted to trading on AIM (Admission). It is expected that Admission will become effective and dealings in the Settlement Shares will commence at 8.00 a.m. on 21 January 2021.