Goldstone Resources - Gold Loan Standstill Extension

Goldstone Resources

30/12/2025 07:00

RNS Number : 0482N

Goldstone Resources Ltd

30 December 2025

 

30 December 2025

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Gold Loan Standstill Extension

 

GoldStone Resources Limited (AIM: GRL) announces that it has agreed an amendment to the terms of the standstill agreement originally entered into on 29 December 2023 (the "Standstill Agreement"), in relation to its existing gold loan agreement with Asian Investment Management Services Ltd ("AIMS") entered into on 19 June 2020 (the "Gold Loan"), pursuant to which the maturity date of the Gold Loan has been extended and interest payments have been temporarily deferred. 

 

Under the revised terms of the Standstill Agreement, the maturity date of the Gold Loan has been extended from 31 December 2025 to 31 December 2026. In addition, interest payments on the loan have been frozen for the six-month period to 30 June 2026.

 

The Company is pleased to work with its major creditor to optimise the Homase mine's cash flow in a rising gold price environment, providing the Company's shareholders with potential upside and assisting with the Company's working capital requirements.

 

 

Emma Priestley, Chief Executive Officer of GoldStone Resources Limited, commented: "We appreciate the continued support from AIMS. The extension of the gold loan maturity and the temporary deferral of interest payments provides additional flexibility as we focus on stabilising existing operations and progressing the Company's broader development plans."

 

For further information, please contact:

 

GoldStone Resources Limited
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
St Brides Partners Ltd
Ana Ribeiro
Tel: +44 (0)20 7236 1177
goldstone@stbridespartners.co.uk

 

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.

 

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