Gold Loan Standstill Extension

Goldstone Resources Ltd

29 June 2026

 

29 June 2026

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Gold Loan Standstill Extension

GoldStone Resources Limited (AIM: GRL) announces that it has agreed an extension to the terms of the standstill agreement originally entered into on 29 December 2023 (the "Standstill Agreement"), in relation to its existing gold loan agreement with Asian Investment Management Services Ltd ("AIMS") entered into on 19 June 2020 (the "Gold Loan"), pursuant to which the maturity date of the Gold Loan has been extended and interest payments have been temporarily deferred. 

Under the revised terms of the Standstill Agreement, the maturity date of the Gold Loan has been extended from 31 December 2026 to 30 June 2027. In addition, the interest freeze on the loan has been extended from 30 June 2026 to 30 September 2026.

Emma Priestley, Chief Executive Officer, commented: "We sincerely appreciate the continued support of AIMS and their confidence in GoldStone's strategy. The extension of the Gold Loan maturity and temporary deferral of interest payments provide the Company with additional financial flexibility at an important stage in our development.

Our immediate focus is on advancing the Homase Mine through an extensive drilling programme designed to expand and upgrade the JORC Mineral Resource, while continuing to optimise operations in the current strong gold price environment. Together with our ongoing funding initiatives, these measures position GoldStone to deliver the next phase of its growth strategy and create long-term value for our shareholders."

For further information, please contact:

GoldStone Resources Limited
Emma Priestley	Tel: [phone]
Strand Hanson Limited
James Dance / James Bellman	Tel: [phone]
S. P. Angel Corporate Finance LLP
Ewan Leggat / Charlie Bouverat	Tel: [phone]
St Brides Partners Ltd Ana Ribeiro	Tel: [phone] [e-mail]

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, with a particular focus on the highly prospective Birimian Gold Belt.

GoldStone has acquired a 50% interest in a gold project in Sierra Leone, located adjacent to the Boamuhun Gold Mine, a known gold deposit estimated to contain approximately 5.8 million ounces, with early work indicating grades of approximately 12 g/t.

 

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