Directorate Change

RNS Number : 7859K

Goldstone Resources Ltd

02 September 2019

 

2 September 2019

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Director Appointment

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Dr Orrie Fenn as an Independent Non-Executive Director with immediate effect.

Dr Fenn has considerable experience in the mining, building materials and construction sectors.  He was, from April 2013 until retiring in August 2018, CEO of the Underground Mining business platform of one of the world's leading underground mining contractors, Murray and Roberts.  Prior to that, Dr Fenn was the Group Chief Operating Officer of JSE-listed PPC Limited.  He has also previously held the role as Business Development Manager at Debex, a subsidiary of De Beers Industrial Diamond Division, which designed and manufactured specialised equipment and materials for the diamond, coal and gold mining industries.

Dr Fenn obtained his Doctorate in Engineering from Rand Afrikaans University in 1985, was a member of the South African Institute of Mining & Metallurgy up until his retirement, and a Fellow of the South African Institute of Quarrying.

Bill Trew, Non-Executive Chairman of Goldstone, commented: 

"We are delighted to welcome Dr Orrie Fenn to GoldStone's Board. He brings a wealth of experience in mine development and engineering advisory and, ultimately, business growth globally.  His insights and expertise will be highly valuable and comes at a compelling time for the Company, as we seek to develop and enhance our project in Ghana."

Further information on Dr Orrie Fenn as required in accordance with Schedule 2 (g) of the AIM Rules:

Orrie Fenn, aged 65

Current Directorships / Partnerships	Directorships / Partnerships held in last 5 years
	6263496 Canada Inc.
	Bombela TKC (Pty) Ltd
	Cementation Canada Inc.
	Cementation USA Inc.
	Genrec Engineering (Pty) Ltd
	Hall Longmore (Pty) Ltd
	Much Asphalt (Pty) Ltd
	Murray & Roberts Building Products (Pty) Ltd
	Murray & Roberts Cementation
	Murray & Roberts Ltd
	Murray & Roberts RUC (Pty) Ltd
	Murray & Roberts Steel (Pty) Ltd
	Murray & Roberts UK Ltd
	Ocon Brick Manufacturing (Pty) Ltd
	PT RUC Cementation Mining Contractors (Pty) Ltd
	Purple Rain Properties No 421 (Pty) Ltd
	Rocla SA (Pty) Ltd
	Shisane Reinforcing (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: [phone]
Strand Hanson Limited
Richard Tulloch / James Bellman	Tel: [phone]
SI Capital Limited
Nick Emerson	Tel: [phone]
St Brides Partners Ltd
Catherine Leftley / Juliet Earl	Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company with projects in Ghana and Senegal that range from grassroots to advanced exploration.

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz 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.  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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