Goldstone Resources Limited · LSE:GRL
Goldstone Resources — Investor Presentation (May 2026)
22 slides from Goldstone Resources's investor presentation, May 2026
Slide 1: Exploration Growth Story on the Ashanti Gold Belt
Exploration Growth Story on the Ashanti Gold Belt May 2026 Drone photograph - July 20241
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: GoldStone – Properties
GoldStone – Properties Homase Open Pit Mine 1905 Akrokeri Underground fully operating, efficient shallow open Abandoned pit, heap leach mine with potential to 75,000oz @ 24g/t Au recovered build into a long-term producer closed due to inrush of water 1909 JORC 2012 Complaint Resource Exploration tar
Slide 4: Ghanaian Prime Address on the +200Moz Ashanti Gold Belt
Ghanaian Prime Address on the +200Moz Ashanti Gold Belt Neighbour 15km - Obuasi with 70Moz - 7.8g/t Au Historic + Current Resource Obuasi >70M oz Tarkwa >40M oz Damang 13.4M oz Edikan >9M oz Prestea 7M oz Wassa >4M oz Bogoso >2.5M oz Konongo c.2.5M oz Homase >0.6Moz Source: Structural Controls on Go
Slide 5: Current Operation – Cash-Generating Heap Leach Platform
Current Operation – Cash-Generating Heap Leach Platform Homase Mine: § cash generative fully operating, open pit, heap leach mine with potential to build into a long term producer § Conventional open pit mining the 50m – 60m thick oxide mineralized. Series of free-dig shallow open-pits of the oxide
Slide 6: ESG Credentials & Operating Strengths
ESG Credentials & Operating Strengths 2 years of successful operations with our stakeholders • Committed to Health and Safety • 744 hours of safety training • 8.1% compound annual TRIFR improvement over 2 years • Supporting local communities • Majority local Workforce 57% from Amansie and Adnasie Re
Slide 7: Homase Mine: Mine – Doré Circuit
Homase Mine: Mine – Doré Circuit Stockpile Free Dig Mining Screening Water (Agglomeration) Induction Melting Furnace Agglomerated Ore Elution 7
Slide 8: Strategic Position – Controlling the Next Section of the Belt
Strategic Position – Controlling the Next Section of the Belt Homase Mine sits within a district of major mining operations, AngloGold Ashanti, Newmont, Goldfields and Perseus Through infill drilling potential for this to expand to a >2m oz deposit down-dip into the non- refractory fresh ore, along
Slide 9: Homase Mine: Oxide Cap sits above non-refractory fresh ore
Homase Mine: Oxide Cap sits above non-refractory fresh ore 4.4Km AGC Mined 2002/03 Open Pit Free Dig 52,500oz @ 2.5g/t Au JORC (2012) Resource 602,000 oz @ 1.77g/t within the 4.4km Homase Trend – drill spacing ~100-200m Pit 4 = 1.2km strike - AGC proved to be 6g/t, 50m drill spacing to a depth of 22
Slide 10: Ashanti Goldfields Ltd Feasibility Study 2001
Ashanti Goldfields Ltd Feasibility Study 2001 10 AGA Reports and Met Testwork are held by GRL
Slide 11: Drilling for JORC Expansion Homase Mine
Drilling for JORC Expansion Homase Mine Expansion Upside Pit 1 – infill drill to improve confidence and increase tonnage • features surface 50m – 60m thick oxide mineralised zone above 5m – 10m Transition zone then the fresh ore - sulphide mineralization zone • Review exploration potential in conjun
Slide 12: Immediate Resource Additions High-Grade Sulphide System Beneath Current Pits
Immediate Resource Additions High-Grade Sulphide System Beneath Current Pits 16HMDD03 16HMDD02 16HMDD01 6.1 m @ 3.31 g/t Au 23.3 m @ 1.39 g/t 21.3 m @ 1.98 g/t Incl From 249,n 4.0m @ 8 g/t Incl 3.0 m @ 8.21 g/t 7.4 m @ 3.37 g/t 12
Slide 13: Identifying Future Resources Parallel Zones & Structural Targets
Identifying Future Resources Parallel Zones & Structural Targets EM & >20 ppb gold in soil Augering of EM conductivity anomalies Target Zones identified for oxide potential • Thresholds: 15 / 40 / 55 / 72 (max 628) ppb Au • Strong Eureka anomaly – 200-400 m • Eureka SW – 300 m
Slide 14: Akrokeri High-Grade Underground Target - Formerly Akrokeri Ashanti Mine 1905-09
Akrokeri High-Grade Underground Target - Formerly 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
Slide 15: Akrokeri Mine – sits halfway between the Homase and Obuasi Mines
Akrokeri Mine – sits halfway between the Homase and Obuasi Mines – a granite anomaly • 40 metre wide lode ~40g/t • Accessed shallow workings to 100’ depth (30 metres) • Exploration and mapping continues 15
Slide 16: Sierra Leone
Sierra Leone
Slide 17: GoldCorp – Sierra Leone
GoldCorp – Sierra Leone • Located South East and is Contiguous to the Baomahan Gold Mine • Initial License Area: 1 Acres; for Gold Mining expanding to 10 small scale licences • Licence available for next development • Management extracted gold at ~12gm/ meter recovered via a simple gravity plant; Mg
Slide 18: GoldCorp – Sierra Leone
GoldCorp – Sierra Leone Savanah Trommel Wash Plant Stage 1 - Initial Mining • 4-shaker wash plant - capacity of 0.75 tph • 3 Crusher Wash Plants - capacity of 1tph • Mineable resource assayed avg.10g/t in gravels • 4 new pits excavated to 30’to the Kimber structure – to be sampled • Production 2 kil
Slide 19: Corporate Infomation
Corporate Infomation
Slide 20: Corporate Structure
Corporate Structure GoldStone Resources Ltd (Jersey) Reg. No. 71490 Listed AIM:LSE GoldStone Akrokeri Ltd (Ghana) Reg. No. CS077552017 GoldStone Homase Ltd – 100% Kanema Small Scale Lease Mining Lease – 90% Akrokeri Prospecting Reg. No. CS161382018 50% ASH-67-01-2020 Licence - 100% Homase Prospectin
Slide 21: Corporate Information
~~ Corporate Inform ation Corporate Structure Ticker GRL Ordinary Shares 1,325,830,114 Warrants 105 million @ 2pence May 2026 209.5 million @ 1pence February 2028 Major Shareholders - Asian Investment Management Services Ltd 29.9% - George Robinson 13.2% - Paracale Gold Ltd 9.5% - Nguvu Investments
Slide 22: GoldStone Resources Limited
GoldStone Resources Limited International House , 41 The Parade, St. Helier Jersey, Channel Islands JE2 3QQ info@goldstoneresources.com www.goldstoneresources.com GRL:AIM
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