15 January 2025
GOLDSTONE RESOURCES
LIMITED
("Goldstone" or the
"Company")
Homase Mine
Update
Goldstone Resources Limited (AIM:
GRL) is pleased to provide 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 our 1,000 ounces per month target in Q1 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.
Emma Priestley, Chief Executive
Officer, commented:
"We continue to make steady progress
at Homase and our near-term objective of delivering 1,000 ounces of
gold per month is within grasp. Operations on site are
developing well and the team is pleased with the mine
performance. We remain very optimistic about 2025 and we will
keep the market updated regularly on our operations this
year."
For
further information, please contact:
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GoldStone Resources Limited
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Emma Priestley
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Tel: +44 (0)1534 487 757
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Strand Hanson Limited
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James Dance / James
Bellman
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Tel: +44 (0)20 7409 3494
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S.
P. Angel Corporate Finance LLP
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Ewan Leggat / Charlie
Bouverat
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Tel: +44 (0)20 3470 0501
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St
Brides Partners Ltd
Susie Geliher
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Tel: +44 (0)20 7236 1177
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About GoldStone Resources Limited
GoldStone Resources Limited (AIM:
GRL) is an AIM quoted mining and development company with projects
in Ghana that range from grassroots exploration to
production.
The Company is focused on developing
the Akrokeri-Homase project in south-western Ghana, which
hosts a JORC Code compliant 602,000oz 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 Akrokerri 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 52,000 oz gold at
2.5 g/t recovered. Production is currently focussed on the Homase
Mine however 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.
