11 November 2024
GOLDSTONE RESOURCES
LIMITED
("Goldstone" or the
"Company")
Homase Gold Mine
Update
Goldstone Resources Limited (AIM:
GRL) is pleased to provide an update on the progress of operations
in respect of the Homase Mine and heap leach operation in
south-western Ghana ("Homase").
·
Mining continues in Pit 2 which is expected to be
completed late January 2025, with preparation work starting in Pit
1 to commence production in Q1 2025.
·
Earthworks continue for the extension to Cell 5
and to Cells 6 and 7 and preparations for Cell 4 have begun to
prepare for a second lift.
·
To date the Company has poured c.1,920 troy ounces
gold in 2024, compared to 1,257 troy ounces during
2023.
·
Remain on schedule to meet the Company's target of
1,000 ounces gold production per month from January 2025, from
48,000 tonnes of stacked agglomerated ore per month.
Emma Priestley, Chief Executive
Officer, commented:
"We remain on track to deliver our
stated objective of producing 1,000oz pcm from January 2025, with
our production profile at Homase improving week on week, and month
on month. This improvement has been delivered throughout the
rainy season, which has continued well into October this
year. The dry season is now just around the corner and this
will support our expansion plans throughout the current quarter and
into the new year. I am delighted with our progress over
recent months and I look forward to sharing further updates
throughout Q4 2024."
Homase Mine, Pit 2, with Pit 1 in
background
Stacking of agglomerated ore continues on Cell 5
For
further information, please contact:
|
GoldStone Resources Limited
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Emma Priestley
|
Tel: +44 (0)1534 487 757
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Strand Hanson Limited
|
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James Dance / James
Bellman
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Tel: +44 (0)20 7409 3494
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|
S.
P. Angel Corporate Finance LLP
|
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Ewan Leggat / Charlie
Bouverat
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Tel: +44 (0)20 3470
0501
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St
Brides Partners Ltd
Susie Geliher
|
Tel: +44 (0)20 7236 1177
|
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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.