REG - Goldstone Resources - Homase Mine Update

Goldstone ResourcesAnnouncement

15/01/2025 07:00

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RNS Number : 3322T  Goldstone Resources Ltd  15 January 2025

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:

 

 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
                                     Tel: +44 (0)20 7236 1177

 St Brides Partners Ltd

 Susie Geliher

 

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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