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

 

St Brides Partners Ltd

Susie Geliher 

Tel: +44 (0)20 7236 1177



 

 

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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