Issue of Options

Goldstone Resources Ltd

19 February 2026

 

19 February 2026

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Issue of Options

GoldStone Resources Limited (AIM:GRL) announces an issuance of options over ordinary shares in the Company ("Options") to directors and a senior manager of the Company.

The award of the Options represents the first issuance of share options by the Company since August 2024, and the Board believes that it is essential for the Company's directors and senior managers to be suitably incentivised to drive the business forwards and to further align their interests with those of the Company's shareholders.

Of the 56,000,000 share options that were awarded on 1 August 2024,  a total of 28,000,000 Options were granted, with an exercise price of £0.02 per ordinary share.  The remainder for Tranche 2 and Tranche 3 have been cancelled, which amounted to 28,000,000 share options.

The new share Options, which vest on issue and have a 5-year term, are exercisable at varying premiums to the latest closing mid-market price of the Company's ordinary shares and are allotted in two equal tranches as follows:

	Exercise Price
Director / Senior Manager	1.25 pence	1.5 pence
Campbell Smyth	12,000,000	12,000,000
Emma Priestley	20,000,000	20,000,000
Orrie Fenn	7,000,000	6,000,000
Michael Jones	6,000,000	6,000,000
Richard (Kofi) Amegashie	6,000,000	6,000,000
John Culter (Senior Manager)	6,000,000	6,000,000

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]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

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.

1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	a) Campbell Smyth b) Emma Priestley c) Richard (Kofi) Amegashie d) Michael Jones e) Richard (Kofi) Amegashie f) John Culter (Senior Manager)
e	Reason for notification
a.	Position/Status	a) Non-Executive Director (Chair) b) Director (CEO) c) Non-executive Director d) Non-executive Director e) Non-executive Director f) Senior manager
b.	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Goldstone Resources Limited
b.	LEI	213800B7ATYRPQUTS551
4	Details of the transaction(s): section to be repeated for (e) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Options over Ordinary shares of 1p each JE00BRJ8YF63
b.	Nature of the transaction	Grant of Share Options
c.	Price(s) and volume(s)	Exercise Price Director / Senior Manager 1.25 pence 1.5 pence Campbell Smyth 12,000,000 12,000,000 Emma Priestley 20,000,000 20,000,000 Orrie Fenn 7,000,000 6,000,000 Michael Jones 6,000,000 6,000,000 Richard (Kofi) Amegashie 6,000,000 6,000,000 John Culter (Senior Manager) 6,000,000 6,000,000
d.	Aggregated information -  Volume* -  Price	113,000,000 As above
e.	Date of the transaction	18 February 2026
f.	Place of the transaction	Off-exchange

 

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