REG - Goldstone Resources - Directorate Change

Goldstone ResourcesAnnouncement

02/09/2019 07:05

RNS Number : 7859K
Goldstone Resources Ltd
02 September 2019
 


2 September 2019
 
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
 
Director Appointment
 
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Dr Orrie Fenn as an Independent Non-Executive Director with immediate effect.
 
Dr Fenn has considerable experience in the mining, building materials and construction sectors.  He was, from April 2013 until retiring in August 2018, CEO of the Underground Mining business platform of one of the world's leading underground mining contractors, Murray and Roberts.  Prior to that, Dr Fenn was the Group Chief Operating Officer of JSE-listed PPC Limited.  He has also previously held the role as Business Development Manager at Debex, a subsidiary of De Beers Industrial Diamond Division, which designed and manufactured specialised equipment and materials for the diamond, coal and gold mining industries.
 
Dr Fenn obtained his Doctorate in Engineering from Rand Afrikaans University in 1985, was a member of the South African Institute of Mining & Metallurgy up until his retirement, and a Fellow of the South African Institute of Quarrying.
 
Bill Trew, Non-Executive Chairman of Goldstone, commented: 
 
"We are delighted to welcome Dr Orrie Fenn to GoldStone's Board. He brings a wealth of experience in mine development and engineering advisory and, ultimately, business growth globally.  His insights and expertise will be highly valuable and comes at a compelling time for the Company, as we seek to develop and enhance our project in Ghana."
 
Further information on Dr Orrie Fenn as required in accordance with Schedule 2 (g) of the AIM Rules:
 
Orrie Fenn, aged 65
 



Current Directorships / Partnerships


Directorships / Partnerships held in last 5 years








6263496 Canada Inc.








Bombela TKC (Pty) Ltd








Cementation Canada Inc.








Cementation USA Inc.








Genrec Engineering (Pty) Ltd








Hall Longmore (Pty) Ltd








Much Asphalt (Pty) Ltd








Murray & Roberts Building Products (Pty) Ltd








Murray & Roberts Cementation








Murray & Roberts Ltd








Murray & Roberts RUC (Pty) Ltd








Murray & Roberts Steel (Pty) Ltd








Murray & Roberts UK Ltd








Ocon Brick Manufacturing (Pty) Ltd








PT RUC Cementation Mining Contractors (Pty) Ltd








Purple Rain Properties No 421 (Pty) Ltd








Rocla SA (Pty) Ltd








Shisane Reinforcing (Pty) Ltd



 
There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules.
 




 
For further information, please contact:
 



GoldStone Resources Limited








Emma Priestley


Tel: +44 (0)7867 785 177 / +233 (0)55 581 8855














Strand Hanson Limited








Richard Tulloch / James Bellman


Tel: +44 (0)20 7409 3494














SI Capital Limited








Nick Emerson


Tel: +44 (0)1483 413 500














St Brides Partners Ltd








Catherine Leftley / Juliet Earl


Tel: +44 (0)20 7236 1177



 
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 with projects in Ghana and Senegal that range from grassroots to advanced exploration.
 
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 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.  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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