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: +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
|
Tel: +44 (0)20 7236 1177
|
|
|
|
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.