REG - Goldstone Resources - Gold Loan Standstill Extension

Goldstone ResourcesAnnouncement

30/12/2025 07:00

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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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