Goldstone Resources Limited · LSE:GRL
Goldstone Resources — Mining Indaba 2013, Cape Town
26 slides from Goldstone Resources's conference presentation, February 2013
Slide 1: GoldStone Resources Ltd. - Mining Indaba, Cape Town
GoldStone Resources Ltd. Mining Indaba, Cape Town February 2013 See us at booth ♯626
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: YOU MUST UNDERSTAND THE FOLLOWING BEFORE CONTINUING – THIS PRESENTATION WILL BE ONLINE AT WWW.GOLDSTONERESOURCES.COM AND THIS DISCLAIMER MAY BE VIEWED THERE The following applies to the information contained in this document and to be communicated during the management presenta
Slide 3: Creating Golden Opportunities in Africa
Creating Golden Opportunities in Africa Focused on Gold Exploration Senegal in West Ghana and Central Africa Gabon 5 Projects in three stable African Democracies Page 3
Slide 4: Board and Management
Board and Management NON-EXECUTIVE MANAGEMENT GENNEN McDOWALL Non Executive JOHAN INGWERSEN Exploration Manager Chairman 35 years’ experience EXECUTIVE Vast experience in African geology Involved with discovery of Randgold’s Tongon Previously President and CEO of deposit JURIE WESSELS Chief Executiv
Slide 5: Homase/Akrokerri & Manso Amenfi
Homase/Akrokerri & Manso Amenfi • Homase License • Akrokerri License • 115 km² • 28 km² • 65% owned • 100% owned • Increase ownership up to 85% Ghana • Both licenses up for renewal • Manso Amenfi License • 83 km² • License renewed till June’13 Homase/ • 15% owned Akrokerri • Increase ownership up to
Slide 6: Homase/Akrokerri - Ghana
Homase/Akrokerri Ghana • Ghana: Second largest gold producer in Africa • Licenses adjacent Ahafo (10.6Moz) to Obuasi and in the same geological Kumasi Konongo (2.7Moz) environment • Within Ashanti Gold Obotan (2.8Moz) Belt (≈ 70Moz) Obuasi (42Moz) Akyem (6.4Moz) • On or close to gold Homase/ fertile
Slide 7: Homase/Akrokerri
Homase/Akrokerri • Open pit mining by Homase Ashanti in 2002/3 • Ore Trucked to Ahafo (10.6Moz) Homase pit Obuasi plant Ghana • Abandoned at Kumasi Konongo (2.7Moz) gold price of $330 Obotan (2.8Moz) Akrokerri • Close to processing Obuasi (42Moz) Akyem (6.4Moz) capacity of Obuasi Homase/ Edukan (5.3
Slide 8: Homase/Akrokerri
Homase/Akrokerri • Soil anomalies Homase define various Prospecting parallel gold- License bearing systems along structures in sedimentary rock and in the Akrokerri Homase pit granite • 401 drill holes (historical and GoldStone) to define resource Akrokerri of 4.4 km along Prospecting Obuasi the Hom
Slide 9: Homase/Akrokerri
Homase/Akrokerri Drilling: - Confirms wide, medium & high grade intercepts - Demonstrates robust geometry of orebody - Increases resource to depth Homase/Akrokerri Resource (Nov ‘12) Akrokerri Resource (June ‘11) Homase Resource (April ‘10) Tonnage Grade Gold Tonnage Grade Gold Tonnage Grade Gold (m
Slide 10: Homase/Akrokerri
Homase/Akrokerri Recently completed & planned exploration: • 30 pits and 2 trenches (more targets being identified) Esuoya • VTEM Survey a Homase Prospecting powerful geological License mapping tool • South-west Pampanso extension of Homase trend Adubrim confirmed and detailed Homase pit • Identifie
Slide 11: Manso Amenfi - Ghana
Manso Amenfi • At intersection Ghana of two gold fertile structures Ahafo (10.6Moz) trending parallel to major Kumasi Konongo (2.7Moz) structures Obotan (2.8Moz) • Along strike of Salman and Obuasi (42Moz) Akyem (6.4Moz) Edikan deposits Edikan (5.3Moz) • In the shadows Manso Accra of headgear and Am
Slide 12: Manso Amenfi
Manso Amenfi Ghana • Along strike of Edikan Ahafo (10.6Moz) • Intense Edikan artisanal mining (5.3Moz) Kumasi Konongo (2.7Moz) • Close to existing Manso Obotan (2.8Moz) processing Amenfi infrastructure Obuasi (42Moz) Akyem (6.4Moz) Mampon • 25km Trucking Pampe (0.7Moz) Edukan (5.3Moz) distance (0.2M
Slide 13: Manso Amenfi
Manso Amenfi • Robust Elongated Anomalies trending parallel to major structures • Geophysical survey: Confirmed prospective structural setting of soil anomalies • Recently completed in-fill soil sampling yielded gold concentrations between 0.5 g/t and 3.7 g/t in 13 samples Planned Exploration: • Tre
Slide 14: Sangola - Senegal
Sangola • 471 km² • 100% owned • License granted in Senegal Oct 2010 and valid Dakar Senegal for another year. Re- newable twice for a further 3 years each Sangola Convention with Senegal • 10% free carry to state of Senegal • 15% participation right to state of Senegal • Preferential tax treatment
Slide 15: Sangola
Sangola • Kenieba Inlier of Birimian Formation Yatela & • Gold ‘elephant’ territory Dakar Senegal Sadiola (18Moz) • 40Moz of gold discovered • Majors and juniors active in area Senegal Mali • Close to infrastructure • Regional gold prospective shear Sabodala Loulo & Yalea Sangola (3Moz) Bassari syst
Slide 16: Sangola
Sangola • Airborne high resolution magnetic and radiometric survey completed • Permit geological map updated • Prospective Birimian age rocks identified Baraboye • XRF analysis revealed gold pathfinder elements • Initial Permit wide termite mound sampling identified 4 major soil Tiobo anomalies • Ba
Slide 17: Sangola
Sangola • 70 m wide bedrock source to surface gold anomaly confirmed • Promising target for deeper RC drilling. Page 17
Slide 18: Oyem & Ngoutou
Oyem & Ngoutou • Oyem License • 517 km² Oyem • 100% owned Oyem • Ngoutou License Licence • 518 km² Libreville Ngoutou • 100% owned Licence • Both licenses granted Apr ‘11 and Lambarene valid for another 2 Port Gentil years renewable twice for 3 years Gabon Franceville • Country-wide EU sponsored pro
Slide 19: Oyem
Oyem Oyem • Logging Roads • Artisanal activity in drainage • 15km long robust anomaly Artisanal Mine • Relationship with Artisanal Mine Site Site underlying rocks (prospective Archean granite and amphibolite terrain) Page 19
Slide 20: Oyem
Oyem Oyem • Drilling of 9 diamond holes completed • Results from hole#1 and hole #2 yielded high grade gold intercepts. Page 20
Slide 21: Ngoutou
Ngoutou • Access through existing logging roads, minimal road building • 15 km long robust soil anomaly • Relationship with underlying rocks: Prospective Archean amphibolites and BIF’s • Geophysical interpretation and geological mapping suggest bedrock source to soil anomaly • Artisanal activity in
Slide 22: Ngoutou
Ngoutou • Confirmatory soil sampling completed • 1500m diamond holes along three drill lines planned to test best part of anomaly Page 22
Slide 23: Share Price
Share Price 123,000 oz Gabon Resource at 502,000 oz Akrokerri Resource at Licenses 10p Granted Homase/Akrokerri 5 000 000 Placing (raising 4 000 000 Acquisition of £4.7m) 282,600 oz Akrokerri Resource for License 6p Homase High grade 3 000 000 results at Homase and Homase Joint 65% earned 2 000 000
Slide 24: Exploration Goals
Exploration Goals Senegal: Sangola • 2 000 m RC drilling at Thiabedji under best RAB results to test consistency Gabon of gold mineralisation in hard rock Oyem & Ngoutou • 20 000 m of RAB drilling to • Complete 1500 m test the remaining untested Senegal diamond drilling at Ngoutou to test surface an
Slide 25: Overview & Value Creation
Overview & Value Creation • Experienced • Grass roots to management Commercialisation advanced: Across • Target driven Development exploration in Feasibility Studies Spectrum previous 18 months (26,000m for 475 holes) Scoping Study • Diverse • Exploration portfolio of success: Ounces Homase/Akrokerr
Slide 26: GoldStone Resources Ltd.
ie GOLDSTONE RESOURCES LTD.