Goldstone Resources Ltd Directorate Change (7859K)

TIDMGRL

RNS Number : 7859K

Goldstone Resources Ltd

02 September 2019

2 September 2019

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Director Appointment

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Dr Orrie Fenn as an Independent Non-Executive Director with immediate effect.

Dr Fenn has considerable experience in the mining, building materials and construction sectors. He was, from April 2013 until retiring in August 2018, CEO of the Underground Mining business platform of one of the world's leading underground mining contractors, Murray and Roberts. Prior to that, Dr Fenn was the Group Chief Operating Officer of JSE-listed PPC Limited. He has also previously held the role as Business Development Manager at Debex, a subsidiary of De Beers Industrial Diamond Division, which designed and manufactured specialised equipment and materials for the diamond, coal and gold mining industries.

Dr Fenn obtained his Doctorate in Engineering from Rand Afrikaans University in 1985, was a member of the South African Institute of Mining & Metallurgy up until his retirement, and a Fellow of the South African Institute of Quarrying.

Bill Trew, Non-Executive Chairman of Goldstone, commented:

"We are delighted to welcome Dr Orrie Fenn to GoldStone's Board. He brings a wealth of experience in mine development and engineering advisory and, ultimately, business growth globally. His insights and expertise will be highly valuable and comes at a compelling time for the Company, as we seek to develop and enhance our project in Ghana."

Further information on Dr Orrie Fenn as required in accordance with Schedule 2 (g) of the AIM Rules:

Orrie Fenn, aged 65

 
 Current Directorships / Partnerships   Directorships / Partnerships held 
                                         in last 5 years 
                                        6263496 Canada Inc. 
                                        Bombela TKC (Pty) Ltd 
                                        Cementation Canada Inc. 
                                        Cementation USA Inc. 
                                        Genrec Engineering (Pty) Ltd 
                                        Hall Longmore (Pty) Ltd 
                                        Much Asphalt (Pty) Ltd 
                                        Murray & Roberts Building Products 
                                         (Pty) Ltd 
                                        Murray & Roberts Cementation 
                                        Murray & Roberts Ltd 
                                        Murray & Roberts RUC (Pty) Ltd 
                                        Murray & Roberts Steel (Pty) Ltd 
                                        Murray & Roberts UK Ltd 
                                        Ocon Brick Manufacturing (Pty) Ltd 
                                        PT RUC Cementation Mining Contractors 
                                         (Pty) Ltd 
                                        Purple Rain Properties No 421 (Pty) 
                                         Ltd 
                                        Rocla SA (Pty) Ltd 
                                        Shisane Reinforcing (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] / +233 (0)55 
                                581 8855 
 
 Strand Hanson Limited 
 Richard Tulloch / James       Tel: [phone] 
  Bellman 
 
 SI Capital Limited 
 Nick Emerson                  Tel: [phone] 
 
 St Brides Partners Ltd 
 Catherine Leftley / Juliet    Tel: [phone] 
  Earl 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company with projects in Ghana and Senegal that range from grassroots to advanced exploration.

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz 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. 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 02, 2019 02:00 ET (06:00 GMT)