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Investegate |Goldstone Resources Announcements | Goldstone Resources: Final Results

GoldStone Resources Limited (AIM: GRL), is pleased to announce its final results for the year ended 31 December 2020.
The Annual Report and Accounts will shortly be available to view and download in full at the Company s web site www.goldstoneresources.com. Hard copies of the Annual Report and Accounts are available on request.

Highlights
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The Homase Mine within the Akokeri-Homase Gold Project ( AKHM ) was awarded its Environmental Permit, Water Permit and Operating Permits. The Group commenced mining operations in May 2021, and commissioned the dry plant for the Heap Leach operation and is awaiting the final inspection by the Minerals Commission before gold processing can commence. ....

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GoldStone Resources (AIM:GRL) | RNS | Goldstone Resources - Commencement of Ore Stacking & Production Schedule

Planned gold production for the first eight months from commencement of mining now exceeds the Company s original guidance of 14,400 ounces per annum, stated in the Definitive Economic Plan ( DEP ) announced on 19 June 2019. Accordingly, the Company expects to increase the planned production rate to around 50,000 ounces of gold per annum, which would represent an increase of more than 300% from the original production schedule.

The Company is continuing to review the options available for extracting saleable gold from the loaded carbon it is producing, including toll treatment or expanding its own processing facility to include an elution plant and gold room. In this regard, Goldstone expects to make a decision shortly depending on the terms offered by existing third party processing facilities and any financing options that may be available, however notes that additional funding may be required in the coming months depending on the timing and cost associated ....

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