REG - Goldstone Resources - Director Appointment

Goldstone ResourcesAnnouncement

05/06/2024 07:00

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RNS Number : 1214R  Goldstone Resources Ltd  05 June 2024

5 June 2024

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Director Appointment

 

GoldStone Resources Limited (AIM: GRL) is pleased to announce the appointment
of Mr Campbell Smyth as a Non-Executive Director with immediate effect, as the
nominee director of Asian Investment Services Limited ("AIMSL"), which holds
29.68% of the Company's issued share capital.

 

Mr Smyth has over 30 years of experience in fund management, capital markets
and corporate finance in the venture capital and resource sectors. His
extensive experience includes advising company boards in strategic
transactions and management and trading of commodity funds. He has assisted in
raising over $500m of capital for junior resource companies.

 

Following a career as a resources portfolio manager in London with Lion
Resource Management, Mr Smyth relocated to Australia and set up Clariden
Capital Pty Ltd in September 2008 which focuses on development capital
companies on the ASX and TSX. He assisted in managing the Phoenix Gold Fund,
based in Kuala Lumpur, from 2005 to 2014.

 

Mr Smyth holds a Bachelor of Commerce from the University of Western
Australia, and postgraduate studies in Economics from Pembroke College, Oxford
University.

 

Emma Priestley, Chief Executive Officer of Goldstone, commented:

 

"We are pleased to welcome Campbell to the Board. He is a high calibre
individual whose extensive and diverse experience will bring a new perspective
to the Company and we look forward to working together."

 

Additional Information

 

The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies:

 

Mr John Campbell Smyth, aged 55

 

 Current Directorships/Partnerships  Past Directorships/Partnerships within last 5 years
 Allup Silica Ltd                    Allied Copper Corp
 Amani Gold Ltd                      Bight Petroleum PTY LTD
 Clariden Capital Pty Ltd            Distributed Power Generation Limited
 Cornerstone Advisors Pty Ltd        FE Metals Limited
 Fitzroy Minerals Ltd                GoldOz Limited
 Nubian Resources Ltd                KCM Mining Holdings PTY LTD
 Orange Minerals NL                  Macro Metals Ltd
 Stunalara Metals Limited            West New Guinea Gold PTY LTD

 

There is no further information to be disclosed pursuant to Schedule 2(g) of
the AIM Rules.

 

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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