GRL – GoldStone Resources Ltd


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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

GoldStone Resources Limited is a Jersey-based gold exploration and development company with projects in West Africa. The Company focused on bringing the Homase Mine within its Akrokeri-Homase Gold Project (AKHM) in Ghana. The Project holds two mines, the high-grade Akrokeri underground mine (the Akrokeri Mine) and the Homase open pit mine (Homase Open Pit). The Company holds a 100% interest in the Akrokeri licence. The licence is located approximately six km along strike from AngloGold Ashanti’s Obuasi Mine, which has a resource in excess of 70M oz Au. It holds a 90% interest in the Homase licence. The Homase Open Pit is located approximately 12 km along strike from AngloGold Ashanti’s Obuasi Mine. The Company operates through two segments. Exploration segment is presented as an aggregation of the Homase and Akrokeri licenses (Ghana). Corporate segment includes the holding company costs in respect of managing the Company.

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