Goldstone Resources Limited · LSE:GRL
Goldstone Resources — Investor Presentation (July 2016)
21 slides from Goldstone Resources's investor presentation, July 2016
Slide 1: Corporate Update, London, July 2016
CORPORATE UPDATE LONDON, JULY 2016
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: YOU MUST UNDERSTAND THE FOLLOWING BEFORE CONTINUING The following applies to the information contained in this document and to be communicated during the management presentation based upon the information contained in this document, including the talks given by the presenters a
Slide 3: Executive Summary
EXECUTIVE SUMMARY Focusing on Ghana Led and supported by a highly experienced board and management team with extensive experience operating across the African continent Developing the Homase-Akrokerri project which hosts an existing 602,000 oz gold JORC compliant resource along strike from the Obuas
Slide 4: Why Invest in Goldstone?
WHY INVEST IN GOLDSTONE? Ghana – base economy is strong Diverse economy thanks to the discovery of oil (2007) Second largest exporter of Cocoa after Cote d’Ivoire Oil contributes 6.3% of GDP whilst the services sector contributes over 50.0% (mainly Agriculture) Positive GDP growth is anticipated goi
Slide 5: Corporate Information
CORPORATE INFORMATION Share data: AIM-quoted (GRL) As at 11th July 2016 Share Price History 1 year Shares in issue 62, 286,363 Options of 90 pence each 100,000 expire 1 Feb 2018 (ex-price adapted for share split) Board authority to issue shares 30% of issued share capital Share price 2.70p Market ca
Slide 6: Homase-Akrokerri Location and Potential
HOMASE-AKROKERRI LOCATION AND POTENTIAL 6
Slide 7: General Geology
GENERAL GEOLOGY The Birimian geological formations are a major source of gold and other metals that extend through Ghana, Côte d’Ivoire, Burkina Faso, Guinea, Mali and Senegal The Goldstone licences sit within the c.70 Moz Au Ashanti gold belt of Ghana, within 15km of AngloGold Ashanti’s 42 Moz Obua
Slide 8: Licence and Tenure
LICENCE AND TENURE Homase licence • 57.2km2 • 90%-owned Akrokerri licence • 26.2km2 • 100%-owned Licences held to July 2017 Fiscal Regime • 10% Ghana Government free-carry • Corporate tax (Mining): 35% Homase • Withholding tax: 8%-10% • Royalty: 3%-6% • Talk of windfall tax subsided Mineralisation f
Slide 9: Resource
RESOURCE Main AGA pit 40,000 oz Au @ 2.5 g/t Au N exploited by AngloGold Ashanti (AGA) in 2002/2003 602,000 oz Au JORC compliant resource • Homase - 407,000 oz @ 1.86 g/t Au • Akrokerri - 195,000 oz @ 1.62 g/t Au 5-10m-wide ore shoot beneath main AGA pit with grades up to 10 g/t Au and extends c.200
Slide 10: 2015 Exploration: Pitting and Augering
2015 EXPLORATION: PITTING AND AUGERING 10 orientation pits completed to test regolith profile In-situ laterite/saprolite and truncated regolith profiles identified Auger drilling completed for 1,332 holes over 8 grids – targeting additional oxide potential Close-spaced infill auger drilling complete
Slide 11: Project Upside – 2016 Drilling Targets
PROJECT UPSIDE – 2016 DRILLING TARGETS Saprolite anomaly (>44 ppb Au) confirmed at AK02 over c.1,500m-strike - immediately south west and along strike of the Homase-Akrokerri deposit Anomaly covers four historic drill fence lines, where holes have missed the interpreted bedrock gold mineralisation o
Slide 12: Working with the Community
WORKING WITH THE COMMUNITY 12
Slide 13: Current Community Programme
CURRENT COMMUNITY PROGRAMME Krodia School Project 3 classrooms Completed wet work and roofing Adubriem School Project IT Room completed with burglar proof ceiling Restoration of floors, all window shutters, wet work and painting 13
Slide 14: Proposed Outgrowers Programme
PROPOSED OUTGROWERS PROGRAMME Goldstone’s ground contains smallholder farms, mainly cocoa Aiming to work with the communities to create a Smallholder development programme Ghana and Cote d’Ivoire Cocoa gets premium price because it is sun dried Outgrower schemes can be a mutually beneficial option f
Slide 15: Seeking Alternative Future for Senegal and Gabon – Joint Venture or Sale
SEEKING ALTERNATIVE FUTURE FOR SENEGAL AND GABON – JOINT VENTURE OR SALE 15
Slide 16: Senegal – Sangola Overview
SENEGAL – SANGOLA OVERVIEW 100% owned Licence valid to 2019 354.6km² Sits within Birimian Formation - on strike with Yatela & Massawa Sadiola (18Moz) To date 40 Moz of gold discovered in wider area - exploration continues Senegal Mali Close to infrastructure Sabodala Loulo & Yalea Sangola Regional g
Slide 17: Gabon
GABON Oyem Licence 517 km² with 15km long linear soil anomaly on shear system Mineralisation in 120m wide brittle/ductile sheared gneiss with common lenses of amphibolite 9 Drill holes completed • 2m @ 5.3 g/t (1m @ 9.5 g/t) • 2.2m @ 4 5g/t (1m at 9.1 g/t) Co-existence agreement with Ferrex Ferrex d
Slide 18: Investing for Shareholder Growth
INVESTING FOR SHAREHOLDER GROWTH 18
Slide 19: Use of Funds
USE OF FUNDS Requirement Description Amount US$ Goldstone is looking to Drill programme 25 RC holes 80-100m depth 300,000 raise approximately US$1.1 m in equity Camp renovations at Homase Renovate and alter the accommodation 35,000 Grade the road and put hard standing Road construction 12,000 down L
Slide 20: Board and Management
BOARD AND MANAGEMENT Non-Executive Directors Executive Director and Management Christopher Hall Emma Priestley Non-Executive Chairman Chief Executive Officer 40 years of mining sector experience. More than 20 years of experience in mining and financial Former in-house adviser to Grant Thornton UK LL
Slide 21: www.goldstoneresources.com
www.goldstoneresources.com
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