GoldStone Resources Ltd

Corporate Presentation

Q3 2019

Implement discovery into production

DisclaimerDisclaimer

The content of this presentation has not been approved in terms of the UK Financial Services and Markets Act 2000. This

presentation does not constitute an offer, invitation or solicitation to purchase or subscribe for any securities of the

Company and should not be relied on in connection with any investment decision.

This presentation does not constitute a recommendation regarding any decision to sell or purchase securities in GoldStone

Resources Limited (“GoldStone”).

This presentation is being made available for general information only and is subject to change without notice. The information

provided in this presentation does not purport to summarise all information that an investor should consider when making an

investment decision. The information contained in this presentation is provided as at the date of preparation of this presentation and

may not be up-to-date. No one should act or rely upon the information in this presentation, but should undertake their own independent

due diligence or seek appropriate professional advice. Figures may not sum due to rounding.

This presentation may not be reproduced in any form or forwarded or further distributed to any other person, in whole or in part, for any

purpose whatsoever. Any forwarding, distribution or reproduction of the presentation in whole or part is unauthorised.

No reliance may be placed for any purpose whatsoever on the information contained in this presentation or the completeness or

accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of GoldStone or its directors,

officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this

presentation and no liability is accepted for any such information or opinions to the maximum extent possible under applicable law.

Forward Looking Statements

This presentation may contain certain forward looking statements and projections regarding: (i) estimated resources and reserves; (ii)

planned production and operating costs profiles; (iii) planned capital requirements; and (iv) planned strategies and corporate objectives.

Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not

guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond

the control of GoldStone. The forward looking statements/projections are inherently uncertain and may therefore differ materially from

results ultimately achieved. GoldStone does not make any representations and provides no warranties concerning the accuracy of the

projections, and disclaims any obligation to update or revise any forward looking statements/projections based on new information,

future events or otherwise.

Go

ldS

ton

eR

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

1

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

2

Summary 3

Economics 7

Geological 9

Operational 15

Contents

Project Costs 24

Corporate 35

Robust economics, rapid payback, with future exploration costs paid from cashflow and are tax

deductible

Who is GoldStone?G

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

3

Fast tracking gold production at the Akrokeri-Homase Project in 2020within the world-class Ashanti belt in Ghana

Definitive Economic Study shows positive economics for 3 open pits from the JORC Resource

of 602,000oz Au along the Homase Trend

Two Historic Mines: 75,000oz @ 24g/t Au recovered Akrokeri; 52,500oz @ 2.5g/t Au Homase

Operating in Ghana; low risk, mining-friendly jurisdiction with excellent infrastructure

Tightly Held share register with Paracale Gold, and BCM as key shareholders are fully

supportive of Company’s objective

Project lies 12km along strike from AngloGold Ashanti’s Obuasi Mine, total endowment

c.70Moz Au Historic and Current

Operational Board and Management focussed on production at earliest opportunity, supported

by Paracale Gold, investment house and BCM, West African Mining Contractor

LocationG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

4

Homase Akrokeri Obuasi

Homase Pit produced 52,500oz Au @ 2.5g/t Au from 2002-03

Progressing Towards ProductionG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

5

Low cost heap leach

processing facility from three

satellite open pits

*From the AKHM JORC

resource of 602,000 oz

Mineable Resource

c.82,000oz oxide ore*

82% recovery 2.17M/t

@ avg. 1.2g/t

Initial LOM - 5 years

All In Cost of $852/oz

Plant feed approx. 2.26m

tonnes @ 1.2 g/t

Total ounces of c.88,500 oz

Process tailings

Akrokeri U/G mine,

c.91,000 tonnes @ 2.27 g/t

or 6,500 oz contained gold

recovery of 73%

Phase 1 Forecast

production 72,000 oz

Average 14,400 oz pa

c.US$94M revenue LOM

(US$1,300/oz)

Information from DEP announced

27 June 2019

Definitive Economic PlanG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

6

Fast tracking gold production at the Akrokeri-Homase Project in 2020* “within the world-

class Ashanti belt in Ghana”

Phase 1

Open Pit

AKHM Gold Project: c.72,000oz Gold Production average head grade 1.22g/t

Five years phase 1 Open Pit Heap Leach

Low Cost

High Margin

Post-tax NPV US$19.5M, IRR 143% @ 10% disc. rate US$1,300 /oz gold price

Pay-back within first operating year on pre-production capex of US$6.95M**

*Subject to funding **pre-production mining, including compensation and contingency

Conventional

Operation

Contract open pit, free dig mine with up to date pricing

Conventional Heap Leach with proven recovery exceeding 80%

Near Term

Development

Registration for Environmental Permit Complete

DEP will enable rapid transition to Mining Permit, application in-progress

Experienced

ManagementExperienced management with proven track record in discovery, development and delivery of major gold projects Globally

Massive

Upside

Homase Trend continues to deliver higher grades at depth and along strike

Old Akrokeri Mine ready for re-opening

Production to Fund the Exploration for Phase 2 Mine Expansion

EconomicsG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

7

Robust EconomicsLow Initial Capex, Rapid Payback

Definitive Economic Plan Highlights

Gold Price (Base Case) US$1,300/oz

FX Rate GHS 5.263: US$1.00

Mineable Resource (inc. tails) 2.26 Million tonnes

Initial Mine Life 5 Years

Annual Production (Phase 1) 14,400 oz (average)

Total Production (Phase 1) 72,000 oz

Strip Ratio / Recovery (O/all) 3.5* / 81%

Cash Cost (Phase 1) US$650/oz **

AIC (Phase 1) US$852/oz

Cash Flow (after tax) (Phase 1) US$26.2 Million

Initial Capital US$6.95 Million ***

Sustaining Capital US$1.5 Million

NPV 10% (after tax) US$19.5 Million

IRR (after tax) 143%

Payback (after tax) Within 1st year of production

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

8

• Strip ratio excludes tailings ore** Excludes GRL overhead costs*** Initial Capital includes land/crop compensation

Homase Mine2002/03

Original Forecast Production: 35,800 oz

Actual Production:

52,500 oz

Exceeded expectation

147%

Geological InformationG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

9

Where we areG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

10

AKHM lies 12km along strike from

Obuasi Mine:

34.05 Moz @ 7.30 g/t*

Process for Mining Lease and

Environmental Permit underway

Low population density area, limited

relocation required

Excellent Infrastructure

• 1km from sealed road

• Mobile phone coverage

• LV grid power on-site

• 11km from HV grid power

• Own stable water source

Ministry fully supportive of a new

mine coming on stream

GoldStone’s assets lie in one of the most prospective gold belts in the world:

Ghana’s Ashanti Gold Belt which hosts the Obuasi Mine

* AngloGold Ashanti 31 December 2017 – Mineral

Resources and Ore Reserve Report

The Gold Belts of Ghana

Surrounding GeologyG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

11 Obuasi - 8km strike and 1.5 km depth Total historical and current resource >70M oz Au

AKHM - 12km along strike to the Obuasi Mine Mineral Resource 34.05M oz @ 7.30 g/t*

AngloGold Ashanti recently committed to spend >US$500 million for restart

* AngloGold Ashanti 31 December 2017 – Mineral Resources and Ore Reserve Report

Obuasi growth 1995 – 2000G

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

12

Obuasi Analogue

Widths of ore shoots: 100 – 400 mLengths of ore shoots: 500 – 2,500 m down plunge

20

00

m d

epth

1

00

0m

dep

th

Major Deep Drilling Programme (2km below surface)Where AKHM sits along strike:

Comparable GeologyG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

13Ref: A review of the Birimian Supergroup- and Tarkwaian Group-hosted gold deposits of Ghana, Albertus J. B. Smith, George Henry and Susan Frost-Killian

Episodes Vol. 39, no. 2 June 2016

Quartz veins and mineralisation in graphitic sheared faults

Quartz veins and mineralisation in graphitic shear zone

Arsenopyrite in metasedimentssurrounding the quartz veins

Pyrite and Arsenopyrite in meta-sediments (seen under lens)

Visible gold occurring in fractures within a quartz vein

Visible gold occurring in fractures within a quartz vein

Ob

ua

si

Hom

ase

Common Features of Birimian mesothermal gold mineralisation between Obuasi and AKHM

JORC Resource open at depthG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

14

The JORC Resource is within the Homase Trend only to a depth of 250 m

The two drilling campaigns completed in 2016 & 2017, NOT included in the JORC Resource

Typical Birimian meta-sediment, disseminated sulphide, shear hosted mineralisation over known 8 km strike length

Higher grade, steeply plunging shoots identified at regular intervals within a broader mineralised envelope

TONNAGE GRADE CONT'D GOLDTonnes (million) (Au g/t) Ounces

Measured 1.61 2.24 116,000Indicated 4.41 1.73 245,000Measured & Indicated 6.01 1.87 361,000Inferred 4.56 1.64 241,000Total 10.6 1.77 602,000

Operational InformationG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

15

Free Dig Open Pit MinesExisting infrastructure with compact footprint

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

16

Production ProfileG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

17

Ounces Produced

Average – 14,400oz/yr

Total 2.26Mt for 72,000oz

Open Pit Heap Leach Facility

Throughput - 1,200 tpd (375 ktpa)

Average recovery

Pit ore = 82%

Tailings = 73%

Average grade

Pit ore = 1.17 g/t

Tailings = 2.27 g/t

Initial 5 Year mine life

Results confirm extension of

mineralisation and coarse gold

presence

Open pit mine life extension:

Parallel deposits

Blind ore shoots

Push-backs

Exploration trenches have

tested target open pits

Go

ldS

ton

eR

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

3 New Pits along the JORC Resource

18

Tonnage Grade Gold

(million) (g/t) (ozs)

Measured 1.61 2.24 116,000

Indicated 4.41 1.73 245,000

Inferred 4.56 1.64 241,000

TOTAL 10.6 1.77 602,000

The North PitG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

19

The Central PitG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

20

The South PitG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

21

The Main Pit – mined 2002-2003 what lies beneath

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

018

22

Schematic of OperationsG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

23

Carbon in

solution

columns

Project CostsG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

24

Low Initial Capital OutlayG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

25

DESCRIPTION US$

MINING MOBILISATION 250k

INFRASTRUCTURE 624k

PROCESS PLANT 3.830k

POWER GENERATORS & DISTRIBUTION 350k

SOCIAL & ENVIRONMENTAL 516k

WORKING CAPITAL 750k

CONTINGENCY @ 10% 632k

TOTAL 6.95M

Project costs extracted from the Definitive Economic Plan

Low Cost, High-Margin Gold MineG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

26

Description

Phase 1

LOM

US$/t

Phase 1

LOM

US$/oz

Mining 10.5 315

Processing 7.6 227

G&A Ghana 0.8 25

Royalties & Community 2.5 76

Closure Provision 0.2 7

Cash Cost (Phase 1) 21.6 650

GRL Overheads Costs 2.7 85

Total Costs* 24.3 735

*Total Costs excludes Ghana corporate tax, capital expenditure and exploration costs

43.0%

31.1%

3.4%

10.4%

0.9%11.1%

Phase 1 Costs Splits Open Pit Mining

Mining

Processing

Ghana G&A

Royalties & Community Relations

Closure Provision

GRL Costs

Development ScheduleG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

27

FEASIBILITY STUDY

PERMITTING

CONSTRUCTION FINANCING

EARLY NEEDS/WORKS

PROJECT CONSTRUCTION

COMMISSIONING

FIRST GOLD

REVENUE

EXPLORATION

Q3 2019

Q4 2019

H1 2020

H2 2020

FINANCE/CONSTRUCTION/PRODUCTION

Exploration InformationG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

28

Exploration TargetsHistorical Akrokeri Mine

• Old Akorkeri Mine hosts high grade quartz veins

including 1.0 metre at 51.01 g/t Au or >1.5oz/tonne

• North Shaft, 27m, and Norton Shaft, 33m, providing

access to the old mine workings

• Refurbish to provide safe access to the mine workings

• Opening mineralised zone for underground exploration

Homase Trend and Beyond:

• Gold-in-soil anomaly contains the historic Homase

mines and demonstrates along strike extensions

• Anomaly >8km along Homase Trend

• Anomaly >3km south of the Akrokeri Mine

• Parallel mineralised structures

Exploration and Development Programme

• Funded by cashflow from Phase 1 mining

• Exploration and development at Akrokeri Underground

Mine

• Proposed extensive drilling programme on the Homase

Trend along strike and at depth

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

29

1996-1997

Birim Goldfields

Akrokeri

DD targeting Akrokeri Quartz Vein, 9

holes @ 2000m

2002-2003

AngloGold Ashanti

Homase

RC to confirm drilling of oxide

resources, 30 holes @ 1503m

Mined 52,000 oz @ 2.5g/t Au open pit

to 60 metres

Period Company Permit Method Holes Metres Target

1900-1909

Akrokeri Ashanti Mines Ltd

AkrokeriUnder-ground Mining

Two Shafts800 feet depth

Mined 75,000 oz @ 24 g/t Au

1996-1997

Birim Goldfields

Akrokeri DD 9 2 000 Akrokeri Quartz Vein

1998-2001

Shea Gold Homase RC 251 16 242

Main Trend and Adubriem

1999-2001

Shea Gold Akrokeri RC 110 7 062 Main Trend and Parallel Trend

2002Anglo Gold Ashanti

Homase RC 30 1 503 Confirmation Drilling of Oxide Resources

2002-2003

Anglo Gold Ashanti

HomaseOpen Pit Mining

One pit 50 metres depth

Mined 52,000 oz @ 2.5 g/t Au

2007-2008

Pan African Resources

Akrokeri DD 10 3 200 Akrokeri Quartz Vein

2011-2012

GRL HomaseRC + DD Tails

34 9 071 Main Trend, Down Dip Resources Estimate

2012 GRL Akrokeri DD 17 5 305 Main Trend, Down Dip Resources Estimate

2015 GRLAkrokeri/ Homase

Auger 1 491 2 875

Surface Geochemical Anomolies, Resource Estimate

2016 GRLAkrokeri/ Homase

Auger, RC DD

135 2 475 Infill Drilling, Resource Estimation

2017 GRLAkrokeri/ Homase

RC 26 1 471 Pit Definition In-Fill Drilling

Continuous Review of Previous Work

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

30

Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

30

1900 – 1909

Akrokeri Ashanti Mines Ltd

Mined 75,000 oz @ 24g/t Au

Two Shafts, 800 feet depth

1998-2001 –

Shea Gold

Akrokeri/Homase

RC targeting Main Trend and

Parallel Trend,

361 holes for 23,304m

2007-2008

Pan African Resources

Akrokeri

DD targeting Akrokeri Quartz

Vein, 10 holes @ 3200m2011-2018

GoldStone Resources Ltd

Akrokeri/Homase

RC + DD Tails targeting Main Trend,

Down Dip Resources Estimate,

51 holes for 14,106m

Auger targeting Surface Geochemical

Anomalies, Resource Estimate,

1491 holes @ 2875m

Auger, RC, DD targeting Infill Drilling,

Resources Estimation,

135 holes @ 2475m

RC targeting Pit Definition In-Fill Drilling,

26 holes @ 1471

Homase Mine extending from 2003G

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

31

Homase Pit – 90% owned

• Ashanti Goldfields Limited Homase Pit produced 52,500oz Au @ 2.5g/t Au from 2002-03

Deep trench proves free dig

Homase Trend - Just Keeps GoingG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

32

Represents knowledge on sub-surface for:

18m @ 2.57 g/t

14m @ 6.55 g/t

14m @ 3.62 g/t

13m @ 10.92 g/t

Incl. 2m @ 24.03 g/t

7m @ 5.78 g/t

7.5m @ 10.7 g/t

10.48m @ 7.44 g/t3.97m @

8.35 g/t

Homase Main

31m @ 2.17 g/t

6m @ 2.86 g/t

20m @ 2.42 g/t

17m @ 4.19 g/tHomase Main South

Akrokeri Mine picking up from 1909G

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

33

Akrokeri Mine – 100% owned

• Akrokeri Ashanti Mines Limited operated the

Akrokeri underground mine from 1904 to 1909

• Produced 75,000oz Au @ 24g/t average

recovered grade

• High grade quartz veins, up to 1.5m wide and

grades of c.1oz/t, have been mined

Ref: Arkrokeri (Ashanti) Mine Limited 1906, National Archives, Kew London

North Shaft 2019

Akrokeri – Ashanti Fissure ExtensionG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

34

Corporate InformationG

old

Sto

ne R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

35

Board Driving Development Progress

36

Bill Trew

Non-Executive Chairman

An engineer with 40 years experience

in the mining and finance sectors.

Chairman of MAED Engineering, Gold

Mines of Uganda and Paracale Gold.

Angie List

Non-Executive Director

20 years experience of Finance and

Administration in the African Mining

Sector. Owner and Director of BCM

Ghana Ltd, mining contractors.

Richard Wilkins

Non-Executive DirectorIndependent

Fellow of the Institute of Chartered

Accountants with considerable

experience in emerging markets and

the natural resources sector.

Emma Priestley

Chief Executive Officer

Experience in African business

development, a former director of Lonrho

Plc with over 20 years exposure to capital

markets, mining and infrastructure

services.

Go

ldS

ton

eR

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

• Team has international build and operational experience across Africa, Asia and the FSU, with trusted networks

• BCM a major Mining Contractor and Owner Operator of Nzema in Ghana and Tabokoto in Mali with successful mining operations in Africa and Asia in precious metals, bulk minerals and energy minerals

• Proactive and operationally driven Board focused on delivering production

• Board and Management has a proven track record of delivery

Orrie Fenn

Non-Executive DirectorIndependent

An engineer with a proven track record

for bringing mines into production.

Former head of mining with

Cementation Group.

Management

Support during Construction Go

ldS

ton

e R

eso

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

37

MAED - Successfully completed EPCM and turnkey projects for leading mining companies in Africa,

Asia and FSU. MAED takes a project from feasibility to production and are experts in technical

designs, cost efficiency, so that the project is delivered without excessive debt.

Darryl Norton Chief Operating Officer Engineer with 38 years of experience developing mines and

building process plants in the mining industry internationally,

particularly in Africa, the Former Soviet Union & South East Asia

Sophia A Antonio Finance & Administration

Manager

Chartered Accountant with 20 years experience in managing

public listed and private companies. Formerly a Finance

Manager of Anglo Gold Ashanti

Klaus

Kappenschneider

Consultant Geologist With over 35 years experience in Resource Estimation, Mining

Geology. Technical Reports (NI 43- 101/ Jorc/ Samrec), Near-

mine Exploration and QA/QC audits, data audits

Oleg Hret Consultant Geologist Over 30 years experience in Resource Estimation and Mining

Geology. ore reserve estimations, 3D modelling of geological

structures/deposits and the evaluation of properties

Patrick Adu-

Gyamfi

Implementation Manager Geologist associated with GoldStone since 2010, and advanced

to Permitting, Environmental Assessment Officer and acting

Community Liaison Officer

Malcolm Crowe Consultant Process

Engineer

Veteran Mineral Processer with 10 year’s with Ashanti Goldfields

at Obuasi Mine, proceeded to advise Lonrho Plc on operations

globally. Fellow of the IoMMM

Ownership and Capital Structure G

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

38

Paracale Gold Limited is a mining investment

company focused on development opportunities

BCM is one of Africa’s largest private contract

miners and investor with successful mining

operations in Africa and Asia in precious metals,

bulk minerals and energy minerals

Share Price

Key Data

Paracale Gold Ltd 28%

BCM Investments Ltd 20%

Fiske Nominees 7%

Pershing Nominees Ltd 5%

Interactive Investor 4%

Pershing Nominees Ltd 4%

SVS (Nominees) Limited 3.6%

Chase Nominees Ltd 3%

Shareholders < 3.0% 27%

Key Shareholders

Market : Ticker AIM : GRL

Shares in Issue 249,707,991

Warrants 43,352,377

Market Cap GBP4.75M

Share Price as at 19.09.19

1.9 pence

Investment OpportunityG

old

Sto

ne

Re

so

urc

es L

td -

Co

rpo

rate

Pre

se

nta

tio

n Q

3 2

019

39

Postcode – Obuasi as a neighbour, 12km along strike

Board – all disciplines covered

Short Term – get into production

Long Term – develop multi-million ounce mine

Old Mines Don’t Die They Are Merely Sleeping