Business
Final Results for the year 2017 and Notice of AGM
Final Results for the year 2017 and Notice of AGM.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 9815S Goldstone Resources Ltd 29 June 2018 \n\n29 June 2018\nGOLDSTONE RESOURCES LIMITED\n(\"GoldStone\" or the \"Company\")\n \nFinal Results for the year ended 31 December 2017\nand Notice of Annual General Meeting\n \nGoldStone Resources Limited (AIM: GRL), the AIM quoted company is pleased to announce its final results for the year ended 31 December 2017.\n \nThe statements and results below have been extracted from the Company's audited financial statements which will shortly be available to view and download in full at the Company's web site www.goldstoneresources.com. Copies of the Annual Report, together with the notice of the Company's annual general meeting, will be posted to shareholders today.\n \nThe Company's annual general meeting will be held at the offices of Faegre Baker Daniels LLP, 7 Pilgrim Street, London EC4V 6LB at 11:30 a.m. on 17 July 2018.\n \nOverview\n· Implementation of updated company strategy with the intention of delivery first gold production within two years from the Company's Akrokeri-Homase Gold Project in the Ashanti Region of Ghana\n· Introduction of two strategic investors, Paracale Gold Limited and BCM Investments Limited\n· Significant strengthening of both the Board and senior management team to reflect focus on accelerating development and achieving first production\n· Highly encouraging results from exploration work at Homase - which previously produced 52,000 ounces of gold at an at a final recovered average grade of 2.5g/t:\no Work focussed on expanding the current JORC resource of 602,000oz Au and identifying the optimum route to production\no Extensive field work carried out to extend the 4km strike at and identify additional high-grade area of mineralisation\no Historic trenching indicates high grade gold mineralisation, including 15.0 metres @ 6.31 g/t Au which includes 4.5 metres @ 18.23 g/t Au from a trench in the Homase North Resource Zone\n· Reassessment and prioritisation of Akrokeri Mine - which produced ~75,000 oz Au underground at a final recovered average grade of 0.73 ozs/t, equivalent to approximately 24 g/t\no&nbs...