Goldstone Resources Ltd Director Appointment

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: [phone]
Strand Hanson Limited
James Dance / James Bellman	Tel: [phone]
S. P. Angel Corporate Finance LLP
Ewan Leggat / Charlie Bouverat	Tel: [phone]
St Brides Partners Ltd Susie Geliher	Tel: [phone]

 

 

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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END

 

 

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