12 August 2025
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Result of AGM and Meeting Update
GoldStone Resources Limited (AIM: GRL), the West African gold producer and developer, announces that at its Annual General Meeting ("AGM") held yesterday, all resolutions were duly passed except for Resolution 3, which related to the re-appointment of Ms Angela List as a director of the Company, and Resolution 7, to provide the directors with a further general authority to allot up to an aggregate maximum of 474,594,899 Ordinary Shares.
The result of the poll for each resolution are as follows:
| Ordinary Resolutions | For | % | Against | % | Votes Withheld | |
|
Ordinary Resolution 1 | To receive and adopt the annual financial statements of the Company for the year ended December 2023 and December 2024 (the "Accounts"), together with the reports of the directors and the auditors. | 320,278,467 | 84.29% | 59,676,000 | 15.71% | 2,080,660 |
| Ordinary Resolution 2 | To ratify and approve the remuneration of the directors as set out in the Accounts. | 380,978,225 | 99.82% | 696,000 | 0.18% | 360,902 |
| Ordinary Resolution 3 | To confirm the re-appointment of Ms Angela List as a director of the Company. | 72,763,454 | 19.23% | 305,670,660 | 80.77% | 3,601,013 |
| Ordinary Resolution 4 | To confirm the re-appointment of Dr Orrie Fenn as a director of the Company. | 427,214,742 | 95.84% | 18,546,300 | 4.16% | 61,930,660 |
| Ordinary Resolution 5 | To confirm the appointment of Mr Campbell Smyth as a director of the Company. | 318,207,661 | 62.71% | 189,234,041 | 37.29% | 250,000 |
|
Ordinary Resolution 6 | To appoint Moore Stephens Audit & Assurance (Jersey) Limited as auditors of the Company until the conclusion of the annual general meeting of the Company to be held in 2026, on terms and conditions (including remuneration) to be agreed by the directors. | 320,347,467 | 100.00% | 7,000 | 0.00% | 61,680,660 |
|
Special Resolution 7 | To provide the directors with a further general authority to allot up to an aggregate maximum of 474,594,899 Ordinary Shares, representing approximately 50 per cent. of the Company's issued ordinary share capital at the date of notice of this Resolution. | 319,570,133 | 62.96% | 187,971,569 | 37.04% | 150,000 |
As resolution 3 did not receive the requisite majority, Ms Angela List has not been reappointed and has therefore stepped down from the Board with immediate effect. The remaining Board has, following the AGM, nominated Campbell Smyth as Interim Non-Executive Chairman of the Company.
The Company also notes that, at today's meeting, a former Chairman of the Company, Bill Trew, disclosed certain confidential information regarding the Company, in relation to, inter alia, an offer received by the Board in April 2025, which had been unequivocally rejected by the Board for a number of reasons. The Company has commenced an investigation into how this confidential information was obtained by Mr Trew.
In terms of current trading, the Company confirms that it produced approximately 213.7 troy ounces in July 2025, a reduced amount due to the current low grade ore that is being mined at the Homase Mine.
The Company notes that it is in ongoing discussions with potential funding partners and, to the extent needed, will convene a further General Meeting in due course to allow shareholders to vote on increasing the Board's share issuance authorities.
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 |
| St Brides Partners Ltd | |
| Susie Geliher / Isabel de Salis | goldstone@stbridespartners.co.uk |
Notes
GoldStone Resources Limited (AIM: GRL) is an established gold producer and developer focused on Ghana's world-renowned Ashanti Gold Belt. Its flagship asset, the Akrokeri-Homase project, comprises two historic mines: Homase, where production is currently being ramped up, and Akrokerri, which produced 75,000 oz at an impressive 24 g/t in the early 1900s. The Company is also committed to expanding its project pipeline, leveraging its deep in-country expertise and strong operational presence, while continuing to advance exploration across its large, highly prospective licence area.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
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