Goldstone Resources Ltd Permits Granted and Change of Broker (6537P)
19 February 2021 - 6:00PM
UK Regulatory
TIDMGRL
RNS Number : 6537P
Goldstone Resources Ltd
19 February 2021
19 February 2021
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Permits Granted and Change of Broker
GoldStone Resources Limited (AIM: GRL), the AIM quoted gold
exploration and development company focused on bringing its
Akrokeri-Homase Gold Project ("AKHM") into production, is pleased
to announce the appointment of SP Angel Corporate Finance LLP as
the Company's broker with immediate effect.
We are also pleased to announce that both the Mining Operating
Permit and the Water Use Permit for the Company's Homase South Pit
within the AKHM Project (the "Project") (the "Permits") have been
awarded to the Project. The Company now has all of the key permits
required to progress the developments at the Homase South Pit and
looks forward to updating on progress in due course.
Emma Priestley, Goldstone's CEO, commented :
" We thank the Minerals Commission, Water Resources Commission
of Ghana and all involved for the approval of our Permits, with
these approvals in place, there is clear demonstration of continued
support for the project development from the Ghana Government. We
are delighted with the granting of these permits which allows the
Homase South Project, to advance with its development phase.
"We thank SI Capital for their support to GoldStone during these
past few years and we look forward to updating the market as the
Project development progresses."
For further information, please contact:
GoldStone Resources Limited
Bill Trew / Emma Priestley Tel: +44 (0)1534 487 757
Strand Hanson Limited
James Dance / James Bellman Tel: +44 (0)20 7409 3494
S. P. Angel Corporate Finance
LLP
Ewan Leggat / Charlie Bouverat Tel: +44 (0)20 3470 0501
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold
exploration and development company.
The Company is focused on developing the Akrokeri-Homase project
in south-western Ghana, which hosts a JORC Code compliant 602,000
oz gold resource at an average grade of 1.77 g/t. The existing
resource is confined to a 4km zone of the Homase Trend, including
Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokeri Ashanti Mine
Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the
early 1900s, and the Homase Pit which AngloGold Ashanti developed
in 2002/03 producing 52,500 oz gold at 2.5 g/t recovered. It is the
Company's intention to build a portfolio of high-quality gold
projects in Ghana, with a particular focus on the highly
prospective Ashanti Gold Belt.
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END
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