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5 Jun 2024 07:00
5 June 2024
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Director Appointment
GoldStone Resources Limited (AIM: GRL) is pleased to announce the appointment of Mr Campbell Smyth as a Non-Executive Director with immediate effect, as the nominee director of Asian Investment Services Limited ("AIMSL"), which holds 29.68% of the Company's issued share capital.
Mr Smyth has over 30 years of experience in fund management, capital markets and corporate finance in the venture capital and resource sectors. His extensive experience includes advising company boards in strategic transactions and management and trading of commodity funds. He has assisted in raising over $500m of capital for junior resource companies.
Following a career as a resources portfolio manager in London with Lion Resource Management, Mr Smyth relocated to Australia and set up Clariden Capital Pty Ltd in September 2008 which focuses on development capital companies on the ASX and TSX. He assisted in managing the Phoenix Gold Fund, based in Kuala Lumpur, from 2005 to 2014.
Mr Smyth holds a Bachelor of Commerce from the University of Western Australia, and postgraduate studies in Economics from Pembroke College, Oxford University.
Emma Priestley, Chief Executive Officer of Goldstone, commented:
"We are pleased to welcome Campbell to the Board. He is a high calibre individual whose extensive and diverse experience will bring a new perspective to the Company and we look forward to working together."
Additional Information
The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies:
Mr John Campbell Smyth, aged 55
Current Directorships/Partnerships | Past Directorships/Partnerships within last 5 years |
Allup Silica Ltd | Allied Copper Corp |
Amani Gold Ltd | Bight Petroleum PTY LTD |
Clariden Capital Pty Ltd | Distributed Power Generation Limited |
Cornerstone Advisors Pty Ltd | FE Metals Limited |
Fitzroy Minerals Ltd | GoldOz Limited |
Nubian Resources Ltd | KCM Mining Holdings PTY LTD |
Orange Minerals NL | Macro Metals Ltd |
Stunalara Metals Limited | West New Guinea Gold PTY LTD |
There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules.
For further information, please contact:
GoldStone Resources Limited |
|
Emma Priestley | Tel: +44 (0)1534 487 757 |
Strand Hanson Limited |
|
James Dance / James Bellman | Tel: +44 (0)20 7409 3494 |
S. P. Angel Corporate Finance LLP |
|
Ewan Leggat / Charlie Bouverat | Tel: +44 (0)20 3470 0501 |
St Brides Partners Ltd Susie Geliher | Tel: +44 (0)20 7236 1177 |
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted mining and development company with projects in Ghana that range from grassroots exploration to production.
The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000oz gold resource at an average grade of 1.77 g/t. The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz gold at 2.5 g/t recovered. Production is currently focussed on the Homase Mine however it is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.
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