Goldstone Resources Share Discussion Threads

[neilyb675] 10/2/2020 10:01

50k available at 1.994p

100k NT

[anley] 10/2/2020 09:56

Well at long last things may be on the move but we still need to know - so hurry up EMMA please.

[stonesp2] 07/2/2020 15:44

Don't jump the gun .. still waiting for license to drop..

[anley] 07/2/2020 15:32

WHAT IS THE DATE OF THIS ANNOUNCEMENT?????????????????????????

[highly geared] 06/2/2020 21:07

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration and development company quoted on AIM, is pleased to announce that the Ghanaian Ministry of Lands and Natural Resources ("MLNR") has approved the recommendation for the grant of a 10 year mining lease on the Akrokeri and Homase Licences, for the Homase South Pit and land for the plant and process operation, see Plan 1 (the "Lease"). The Company now awaits issue of the Lease by MLNR.

The Lease represents an important step in the Company's goal of bring the Akrokeri-Homase Gold Project into production. The Homase South Pit is the first of the three pits along the Homase Trend which GoldStone will bring into production as detailed in the Definitive Economic Plan announced on 27 June 2019.


Hopefully, the lease will be issued shortly then, all systems go..

[anley] 29/1/2020 11:15

For me this is her last chance at getting the company working again.

If the deal she is working on is in any way dilutive or not value enhancing then I am a seller................she has had two full years to dig her way out and that is long enough.

[trader365] 28/1/2020 22:01

We'll be producing within 2 years

If not read this RNS again

Love from Emma x

(ps thanks for my free shares)

[stonesp2] 28/1/2020 20:17

Patience... all the parts are slotting into place..

[highly geared] 28/1/2020 12:30

They will as GRL has RNS’d to that effect. They’re waiting the formal ML.
Funding or equivalent activities will come via the 2 main shareholders.

[anley] 28/1/2020 12:17

BUT we do not know if the government will allow mining.......

or if it has where is the capital to get the whole project going?

[highly geared] 27/1/2020 12:16

£575/oz net profit(based on the AISC Costs) with current gold prices x 88,000 oz = £50.6 Million profit over 5 years. During that time , the resource base will be expanded....

[highly geared] 27/1/2020 12:13

DEP Highlights

-- The shallow, free dig mining of the oxide/weathered ore zones only at the Proposed Mine
-- Based on establishing a cyanide heap leach processing facility and recommends using a contract mining method

-- Total initial capital costs (including pre-stripping and contingency) estimated to be US$6.5 million

-- Summary economics
- An after-tax Net Present Value of US$19.5 million (at a 10% discount rate)
- An after-tax IRR of 143% at a gold price of US$1,300 per ounce (oz)
- An after-tax payback of the initial capital cost within 1 year
-- The DEP estimates that the mineable resource from the Proposed Mine is approximately 82,000 oz of contained gold in oxide ore with a projected 82% recovery from 2.17 million tonnes of oxide ore at an average grade of 1.2 g/t gold (the "Mineable Resource")

- Mineable resource is part of the AKHM JORC Resource of 602,000 oz
- Recovery based on proven by column leach testing at University of Mines and Technology Tarkwa ("UMaT")

- The Company is proposing to also place tailings from the former Akrokeri Underground Mine ("Akrokeri Tailings"), which the Company estimates to include approximately 91,000 tonnes at an average grade of 2.27 g/t gold, equating to approximately 6,500 oz of contained gold with a recovery of 73%. Recovery rate based on bottle roll test-work completed by ALS Laboratories Kumasi

-- The DEP estimates that the total plant feed from the Proposed Mine and the Akrokeri Tailings will be approximately 2.26 million tonnes with an average grade of 1.2 g/t gold giving total ounces to the plant of approximately 88,500 oz

- The DEP estimates that the heap leach facility will recover, in total, approximately 72,000 oz, giving an overall Life of Mine ("LOM") recovery of approximately 81%

-- Proposed LOM projected to be five years, with an average all-in cost, that includes capital plus cash costs, of US$852/oz

- LOM capital cost, including sustaining capital costs, estimated to be US$8.4 million

-- With the DEP having now been submitted, the Environmental Impact Assessment ("EIA") will be finalised and submitted along with the mining lease application

-- On receipt of approval from the Ministry of Mines for the Proposed Mine and subject to funding, GoldStone will seek to quickly move to commence production to generate near term cash flows

[highly geared] 27/1/2020 12:10

Well, with gold approaching $1600, the formal mining licence , when it drops, will be a catalyst for a significant re-rating of the share price.

[stonesp2] 16/1/2020 16:57

Sells today... it'll drift until news hits..

[anley] 15/1/2020 17:36

20 November 2019 was the last we heard any news on the grant of licenses by the government............

coming up for 2 months!!!!!so what's the problem with the government?????

[stonesp2] 15/1/2020 08:47

At least website updated with new content...