Goldstone Resources Limited · LSE:GRL
Goldstone Resources — Investor Presentation (August 2022)
36 slides from Goldstone Resources's investor presentation, August 2022
Slide 1: Homase Mine Operationally Permitted
Homase Mine Operationally Permitted Plant Commissioned March 2022 Photo March 2022
Slide 2: Disclaimer
Disclaimer The content of this presentation has not been approved in terms of the UK Financial Services and Markets Act 2000. This presentation does not constitute an offer, invitation or solicitation to purchase or subscribe for any securities of the Company and should not be relied on in connectio
Slide 3: Homase Mine, Amansie Central, Ghana
Homase Mine, Amansie Central, Ghana Open pit, heap leach operation. Low Strip ratio, excellent metallurgy, potential to build into a significant long-term profitable producer Supportive shareholders and a strong management team with a proven track record of building mines in Africa 3
Slide 4: Location: +200Moz Ashanti Gold Belt
Location: +200Moz Ashanti Gold Belt Neighbour - Obuasi with 70Moz - 7.8g/t Au Historic + Current Resource Obuasi >70M oz Tarkwa >40M oz Damang 13.4M oz Edikan >9M oz Goldstone Prestea 7M oz Akrokeri Homase Wassa >4M oz Akrokeri Bogoso >2.5M oz Edikan Konongo c.2.5M oz Homase >0.6Moz JORC and growing
Slide 5: Homase Mine: Mine – Doré Circuit
Homase Mine: Mine – Doré Circuit Stockpile Water (Agglomeration) Induction Melting Furnace Agglomerated Ore Pregnant Pregnant Solution Solution Pregnant Barren Solution Solution Elution Pond Pond 5
Slide 6: GoldStone Resources Limited
GoldStone Resources Limited Key Data Board Bill Trew Chairman Non-Executive Director Market : Ticker AIM : GRL Paracale Gold Ltd, MAED Ltd, Oxus Gold Plc Shares in Issue 492 436 817 Emma Priestley Chief Executive Officer and Executive Director AIMS Gold Loan USD3.0M + 14% interest Lonrho Plc, Mackay
Slide 7: Corporate Structure
Corporate Structure GoldStone Resources Ltd (Jersey) Reg. No. 71490 Listed AIM:LSE 100% GoldStone Akrokeri Ltd (Ghana) Reg. No. CS077552017 100% 90% 100% GoldStone Homase Ltd (Ghana) Akrokeri Prospecting Licence Mining Lease ASH-67-01-2020 Reg. No. CS161382018 (LVB 7482/96) 10% holder Government of
Slide 8: GoldStone Akrokeri Ltd
GoldStone Akrokeri Ltd One Mining Lease Two Prospecting Licenses Ratified Mining Lease - 1.59 Km2 Akrokeri Prospecting Licence - 56.58 Km2 Homase Prospecting Licence - 25.07 Km2 Expanded Mining Lease - 6.72 Km2 Akrokeri Prospecting Licence - 52.67 Km2 Homase Prospecting Licence - 23.85 Km2 Homase Mi
Slide 9: History
History 1998 Shea Gold discovered Homase Trend 2002 AngloGold Ashanti Corp. Acquired and mined Homase Mine – 52,500 Oz @ 2.5g/t 2010 GRL Invests in the Homase Prospecting Licence and acquires the Akrokeri Prospecting Licence 2012 Announce 602,000 oz JORC Inferred Resource 2019 - Jun Definitive Econo
Slide 10: GAL–Snr Management
GAL–Snr Management Post Who Qualifications Key responsibilities Qualified Mine Responsible for the overall strategic direction, General Manager TBC Manager leadership and management Government Liaison Accountant Audit and Management Accounts Company Finance Manager Sophia Antonio Company Secretary S
Slide 11: Homase Mine
Homase Mine • Conventional open pit mining to ~45 metres depth • Geotechnical Drilling being assessed for viability to take to ~80 • Create a ZERO HARM environment • Maintain our social and environmental license to operate • AIC of US$870/oz on production of 20,000oz per annum • Achieve and maintain
Slide 12: Homase Mine – Future Pits
652000 653000 654000 655000 . s e oa Donkoase Homase Mine – Future Pits nk Do TBC 702000 702000 Adubriem Homase – Pit 3 Unit Total UG m ri e ub Ad Ore kt 653 Grade g/t 2.5 6.5 Pit 4 Unit Total Planned Mined Ounces oz 52,500 350,000 Ore kt 900 701000 701000 Total Tonnes t 2,540 Grade g/t 1.1 e as m M
Slide 13: Homase Mine Targets Along JORC Resource
Homase Mine Targets Along JORC Resource Mined 2002/03 Open Pit Free Dig 52,500oz @ 2.5g/t Au 4.4Km JORC (2012) Resources • JORC Resource is within the 4.4km Homase Trend above a TONNAGE GRADE CONTAINED GOLD depth of 240m and open at depth Tonnes • The 2016, 2017 and 2020 drilling campaigns, NOT incl
Slide 14: Homase Mine - Ashanti Gold Corp 2002-03
Homase Mine - Ashanti Gold Corp 2002-03 Ashanti Gold Corporation (AngloGold Ashanti Limited) formerly owned Homase Mine 13 Months Production Homase Mine 2002 ? Plans to test for further depth and strike extensions 14
Slide 15: Homase Mine - Processing
Homase Mine - Processing • Plant constructed in 2021 • CIS Plant circuit upgrading in Q1 2022 and ongoing improvement, incorporating 7 tanks to get to 100m3/hr (currently 60m3hr) • 100 tphr Norberg Screen • Knelson concentrator gravity circuit • Cell 1 and 2 Leach Pads currently 65% recovery • 1.0 t
Slide 16: Ponds Pads
Ponds Absorption Plant 4 3 2 1 Pads 16
Slide 17: Dry Plant feeding the Heap Leach Pads
Dry Plant feeding the Heap Leach Pads 17
Slide 18: Elution and Smelt House and Laboratory Built ahead of Schedule
Elution and Smelt House and Laboratory Built ahead of Schedule November 2021 Cold commissioning - 6 weeks to completion Commenced final phase of hot commissioning - 1 tonne elution plant, electrowinning plant and smelting plant Strip, elute, electrowin and thereafter smelt doré bars on-site On-site
Slide 19: Pressurised Zadre Elution and Laboratory
Pressurised Zadre Elution and Laboratory Elution Tanks and Laboratory 19
Slide 20: Plan for Ramping Up Production
Plan for Ramping Up Production Mine and Exploration Schedule 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Mining ramp up - Homase Mine Stacking ramp up to 100tph Heap Leach Cells 3-7 Dry Plant Relocation and Upgrade CIS Upgrade On-site Civils and Road Construction Homase Mine - Pit definition Drilling Akrokeri
Slide 21: Exploration Targets
Exploration Targets Akrokeri: • Accessing the former Akrokeri UG Mine • The geometry of the Akrokeri quartz vein system being assessed • Betinsin shaft and adits to be reviewed Homase: • Open along strike and down dip of the exiting 602,000Oz JORC Resource • Anomaly >8km** along Homase Trend • Targe
Slide 22: Mineralised Trends Identified
Mineralised Trends MAIN MINERALISED Identified TRENDS by CONCESSION WITHIN THE OBUASI Ashanti Gold Corp (AngloGold Ashanti Ltd) N HOMASI PROSPECTING LICENCE 'B' - 30Km Sq. BOGYAWE SCALE PAMPASO KANSERE Metres 2000 0 2000 Metres HOMASI CONCESSION Area = ( 113.92 sq.km ) O D UM A SE LEGEND SO UTH PRO
Slide 23: Adubriem West Two scissor DD Holes
Ü Abuaso 7100 7100 Adubriem West Bogyawe Two scissor Sanfo Dotom DD Holes Pennipa Dotom 705000 705000 Homase Begoroase Kansare Pampaso 702000 702000 Adubriem Bogyawe GOLDSTONE AKROKERI LIMITED Esuaya AKROKERI WEST SOIL SAMPLING Pennipa 705000 705000 651000 652000 653000 Heman Donkoase Ü Homase Adubr
Slide 24: Homase Mine Exploration High Targets
Homase Mine Exploration High Targets • Homase orebody is similar in shape and behavior to Obuasi • Current JORC resource 200,000oz (Indicated/ Inferred) • 2016 drill hole intersected the orebody below the 2011 JORC statement confirming the downward extension • Southern area shows increase in grade b
Slide 25: Down Dip of the JORC Resource
Down Dip of the JORC Resource 18m @ Homase Mine 2.57 g/t Krodua Pit 17m @ 4.19 g/t 31m @ 2.17 g/t 14m @ 13m @ 6.55 g/t 10.92 g/t Incl. 2m @ 24.03 g/t 14m @ 6m @ 3.62 g/t 2.86 g/t 7m @ 5.78 g/t 20m @ 2.42 g/t 7.5m @ 10.7 g/t 10.48m @ 3.97m @ 8.35 7.44 g/t g/t 25
Slide 26: Homase Pit Need to Drill out the Resource
Homase Pit Need to Drill out the Resource High Grade Ore Shot and Blind Shoot emerging High Targets 27g/t Cut off 1.5 g/t 26
Slide 27: Akrokeri Ashanti Mine 1905-09
Akrokeri Ashanti Mine 1905-09 • 100% owned by Goldstone • 5,200m Diamond Drilling (Birim Gold 1996) • Operated underground from 1904 to 1909 • Relogged in 2018 • Produced 75,000oz @ 24g/t average • High grade quartz veins up to 8 g/t recovered grade • 1.5m @ 52.1 g/t • Closed due to inrush of water
Slide 28: Akrokeri Mine
Akrokeri Mine • Accessed shallow workings to 100’ depth (30 metres) • Exploration and mapping continues 28
Slide 29: Akrokeri Mine
Akrokeri Mine haft S rth x No pro Ap ft Sha h ut So ox Tailings Area ppr A m fro re s e iling x. h ds Ta pro war ap uth so 29
Slide 30: Akrokeri Mine Proposed Drill Programme
Akrokeri Mine Proposed Drill Programme 30
Slide 31: Akrokeri Tailings
GOLDSTONE AKROKERI LIMITED Akrokeri Tailings 651000 651500 652000 652500 12AKDD003 12AKDD002 AKR-PAR005 AKR-PAR004 Galamsey Pit AKR-PAR007 Ü AKR-PAR006 1 696000 696000 Akrokerri AKR-PAR008 12AKDD005 AKR-PAR009 2 AKR-PAR010 3 695500 Old Tailings removal commenced Legend 695500 – all dependent on Rain
Slide 32: Benefitting Communities
Benefitting Communities LOCAL FIRST Employment and Business • Jobs and Training for the communities within Akrokeri and Homase • Boosting the local economy • Bed & Board and Catering • Training courses held for local employees Technology Transfer: • Assistants to Project Manager • Health and Safety
Slide 33: Support to Communities
Support to Communities Boreholes for Villages Improving the Schools Improving the Roads Sanitation for Villages Improving the Schools Community Mining
Slide 34: Homase Mine – Community and Social
Homase Mine – Community and Social Building relationships with stakeholders, based on trust, open, honest and frequent engagement (Regular Meetings with the 9 communities, Consultative Committee Meetings, Durbars etc). “Better Community” ESG Responsibility that can be managed and audited between GAL
Slide 35: Going Forward all about Gold Production and our Employees
Going Forward all about Gold Production and our Employees 35
Slide 36: GoldStone Resources Limited
GoldStone Resources Limited International House , 41 The Parade, St. Helier Jersey, Channel Islands JE2 3QQ Emma Priestley Tel: +44 7867785177 emma@goldstoneresources.com www.goldstoneresources.com GRL:AIM
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