GoldStone Resources appoints Dr Orrie Fenn to its Board as Independent Director

– SOUTH AFRICA, Milnerton –  GoldStone Resources Limited (LON: GRL), the West and Central Africa focused gold exploration company quoted on AIM, today announced the appointment of Dr Orrie Fenn as an Independent Non-Executive Director with immediate effect.

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.”

About Dr Orrie Fenn

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.

About GoldStone Resources Limited

GoldStone Resources Limited 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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