Goldstone Resources Limited · LSE:GRL
Goldstone Resources — Investor Presentation (September 2018)
27 slides from Goldstone Resources's investor presentation, September 2018
Slide 1: Implement discovery into production
Implement discovery into production GoldStone Resources Ltd Corporate Presentation Q3 2018
Slide 2: Disclaimer
Disclaimer Disclaimer The content of this presentation has not been approved in terms of the UK Financial Services and Markets Act 2000. This presentation GoldStone Resources Ltd - Corporate Presentation Q3 2018 does not constitute an offer, invitation or solicitation to purchase or subscribe for an
Slide 3: Who is GoldStone?
Who is GoldStone? Fast tracking gold production at the Akrokeri-Homase Project in the world-class Ashanti belt in Ghana within two years GoldStone Resources Ltd - Corporate Presentation Q3 2018 Two Historic Mines: 75,000oz @ 24g/t Au recovered Akrokeri; 52,500oz @ 2.5g/t Au Homase GoldStone intends
Slide 4: Two Historic Gold Mines
Two Historic Gold Mines Akrokeri Mine – 100% owned • Akrokeri Ashanti Mines Limited operated the Akrokeri underground mine from 1904 to 1909 GoldStone Resources Ltd - Corporate Presentation Q3 2018 • Produced 75,000oz Au @ 24g/t average recovered grade • High grade quartz veins (up to 1.5m wide and
Slide 5: Our Neighbour: The Obuasi Mine
Our Neighbour: The Obuasi Mine GoldStone’s assets lie in one of the most prospective gold belts in the world: Ghana’s Ashanti Gold Belt which hosts the Obuasi Mine GoldStone Resources Ltd - Corporate Presentation Q3 2018 Positive Country AKHM lies 12km along strike from Obuasi Mine • Total gold endo
Slide 6: 2018 Targets so far
2018 Targets so far……… 2018 geochemical sampling & historic data have defined: • Anomaly >8km along Homase Trend • Anomaly >3km south of the Akrokeri Mine GoldStone Resources Ltd - Corporate Presentation Q3 2018 • Parallel mineralised structures • Gold-in-soil anomaly contains both historic mines an
Slide 7: Board and Management
Board and Management Emma Priestley Chief Executive Officer GoldStone Resources Ltd - Corporate Presentation Q3 2018 Experience in African business development, a former director of Lonrho Plc and has over 20 years exposure to capital markets, mining and infrastructure services. Angie List Bill Trew
Slide 8: Investment Opportunity
GoldStone Resources Ltd - Corporate Presentation Q3 2018 Investment Opportunity Postcode – Obuasi as a neighbour, 12km along strike Board – All disciplines covered Debt Free – With cash in bank Fast-track route to first production in 2 years 7
Slide 9: Appendix
8 GoldStone Resources Ltd - Corporate Presentation Q3 2018 Appendix • Detailed Information
Slide 10: Years Later the Giant Awakens
GoldStone Resources Ltd - Corporate Presentation Q3 2018 120 Years Later the Giant Awakens 1900 – 1909 1998-2001 2002 - 2003 2011-2012 2016 2018 Akrokeri Shea Gold AngloGold GoldStone GoldStone GoldStone (Ashanti) Homase Ashanti Akrokeri/Homase Akrokeri/Homase Akrokeri/Homase Mines Ltd Homase Depth
Slide 11: Geological Overview
GoldStone Resources Ltd - Corporate Presentation Q3 2018 Geological Overview Simon Meadows-Smith • Consulting Geologist to GoldStone Resources Ltd • Simon originally discovered the Homase deposit in 1998 with Dominion Mining Ltd. Dominion sold the project to Ashanti Goldfields Corporation and mining
Slide 12: 200Moz Gold defined 1997-2012
200Moz Gold defined 1997-2012 West African annual gold production is greater than South Africa’s GoldStone Resources Ltd - Corporate Presentation Q3 2018 11
Slide 13: Golden Postcode
Golden Postcode • Ashanti Belt is the most prolific gold GoldStone Resources Ltd - Corporate Presentation Q3 2018 producing district in Africa • Akropong Fault hosts the Obuasi & Edikan Gold Mines • GoldStone owns two historic mines Significant historic Gold production: 75,000oz @ 24g/t 52,500oz @ 2
Slide 14: District Setting
District Setting Obuasi: • Shear hosted Orogenic Gold GoldStone Resources Ltd - Corporate Presentation Q3 2018 Deposit • Strike length of 8km • Orebody to 3km deep still open • Quartz vein 4m width @ 60g/t • Open pit mining 40m width @ 7g/t • Gold production: 33Moz • Mineral Resource: 34.05Moz @ 7.3
Slide 15: Project Setting
Project Setting Project covers two Contiguous Licences covering a surface area of 83.5 km 2 > 10km of mineralised trend ready for development GoldStone Resources Ltd - Corporate Presentation Q3 2018 Project divided: four mineralised environments: • Homase Trend – 8km • Akrokeri Trend – 3.25km • Akro
Slide 16: Akrokeri Trend
GoldStone Resources Ltd - Corporate Presentation Q3 2018 15 Akrokeri Trend
Slide 17: JORC Resource
JORC Resource The JORC Resource is within the Homase Trend only GoldStone Resources Ltd - Corporate Presentation Q3 2018 The two drilling campaigns, 2016 & 2017 NOT included in the JORC Resource TONNAGE GRADE CONT'D GOLD Tonnes (million) (Au g/t) Ounces Measured 1.61 2.24 116,000 Indicated 4.41 1.73
Slide 18: Homase Trend
Homase Trend Typical Birimian metasediment, disseminated sulphide, shear hosted mineralisation over known 5.5km strike length GoldStone Resources Ltd - Corporate Presentation Q3 2018 Higher grade, steeply plunging shoots identified at regular intervals within a broader mineralised envelope Not inclu
Slide 19: Just Keeps Going
Just Keeps Going Represents knowledge on sub-surface for: 18m @ 2.57 g/t 17m @ Homase Main Homase Main South 4.19 g/t GoldStone Resources Ltd - Corporate Presentation Q3 2018 31m @ 2.17 g/t 14m @ 13m @ 6.55 g/t 10.92 g/t Incl. 2m @ 24.03 g/t 6m @ 14m @ 3.62 g/t 2.86 g/t 7m @ 5.78 g/t 20m @ 2.42 g/t
Slide 20: Just Keeps Growing
Just Keeps Growing Mine Tailings GoldStone Resources Ltd - Corporate Presentation Q3 2018 • Immediately south of Akrokeri mine Intrusive • Provisional estimate: 91,000 tonnes @ 2.3g/t 50 ppb contour 20 ppb contour Akrokeri Intrusive Auger drilling 0 – 1m depth • Coarse gold observed in quartz veins
Slide 21: Ownership and Capital Structure
Ownership and Capital Structure Key Data Key Shareholders Market AIM GoldStone Resources Ltd - Corporate Presentation Q3 2018 Paracale Gold Ltd 28% Ticker GRL BCM Investments Ltd 20% Share Price 1.55p Pershing Nominees Ltd 6% Market Cap £3.87million Hargreave Hale Nominees Ltd 4% Shares in Issue 249
Slide 22: Photographs
GoldStone Resources Ltd - Corporate Presentation Q3 2018 21 Photographs
Slide 23: Illegal miners months ago
GoldStone Resources Ltd - Corporate Presentation Q3 2018 Illegal miners 12 months ago Akrokeri – Foreign Illegal Mining (2017) Akrokeri – Foreign Illegal Shaft (2017) 22 Kumasi – Foreign Compounded Equipment (2018) Akrokeri – Local Galamsey Mining (2017)
Slide 24: Homase Pit
GoldStone Resources Ltd - Corporate Presentation Q3 2018 Homase Pit Homase Pit 2013 Homase Pit 2013 23 Ashanti Goldfields Ltd – Homase Pit Mining,2003
Slide 25: Visible Gold
Visible Gold From the Granodiorite Intrusive AKR-PAR006 GoldStone Resources Ltd - Corporate Presentation Q3 2018 216.54m Not included in current JORC Mineral Resource From Below the Homase Pit 16HMDD003 250.4m Not included in current JORC 24 Mineral Resource
Slide 26: Norton Shaft and North Shaft
GoldStone Resources Ltd - Corporate Presentation Q3 2018 Norton Shaft and North Shaft 25 Norton Shaft lined to 25 metres (2018) North Shaft Location (2018)
Slide 27: Old Mines Don't Die They Are Merely Sleeping
Old Mines Don’t Die They Are Merely Sleeping
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