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Gold Loan Standstill Extension

By Sharecast

Date: Tuesday 30 Dec 2025







RNS Number : 0482N
Goldstone Resources Ltd
30 December 2025
 



30 December 2025


 


GOLDSTONE RESOURCES LIMITED


("GoldStone" or the "Company")


 


Gold Loan Standstill Extension


 


GoldStone Resources Limited (AIM: GRL) announces that it has agreed an amendment 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 2025 to 31 December 2026. In addition, interest payments on the loan have been frozen for the six-month period to 30 June 2026.


 


The Company is pleased to work with its major creditor to optimise the Homase mine's cash flow in a rising gold price environment, providing the Company's shareholders with potential upside and assisting with the Company's working capital requirements.


 


 


Emma Priestley, Chief Executive Officer of GoldStone Resources Limited, commented: "We appreciate the continued support from AIMS. The extension of the gold loan maturity and the temporary deferral of interest payments provides additional flexibility as we focus on stabilising existing operations and progressing the Company's broader development plans."


 


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


Ana Ribeiro 



 


 


Tel: +44 (0)20 7236 1177


goldstone@stbridespartners.co.uk



 


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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