REG - Goldstone Resources - Operational Update

Goldstone ResourcesAnnouncement

02/09/2025 07:00

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RNS Number : 5435X  Goldstone Resources Ltd  02 September 2025

2 September 2025

 

GOLDSTONE RESOURCES LIMITED

("Goldstone" or the "Company")

 

Operational Update

 

Goldstone Resources Limited (AIM: GRL), the West African gold producer and
developer, is pleased to provide an update on its Homase Mine and heap leach
operation in south-western Ghana ("Homase").

 

·    Latest Gold Pour: gold production continues to progress
encouragingly, with 11.06 kilograms of gold doré, equivalent to approximately
355.6 ounces of gold doré poured during the w/c 18 August 2025.

·    Expansion continues: plans to expand the heap leach continues to
progress, with civil engineering design complete, and awaiting construction
permit, and geotextile and geomembrane liner ordered and paid for, with
anticipated delivery by the end of September 2025.

·    Maintaining volumes and production: the Company continues to focus on
delivering 48,000 tonnes of agglomerated stacked ore per month, which,
together with moving back into the Pit 1, with a continued average grade of 1
g/t, is expected to maintain the Company's production profile through the
remaining months of 2025.

 

Emma Priestley, Chief Executive Officer, commented:

 

"The collective determination of our technical team and board continues to
translate into steady progress at Homase. While the pace has been slower than
we would have hoped, operations and gold production remain on a positive
trajectory and we are all fully aligned and committed to delivering on our
production goals. I look forward to updating shareholders over the coming
weeks and months as we work to build further momentum through the remainder of
2025."

 

**ENDS**

 

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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