GOLDSTONE RESOURCES LIMITED

AGM Information • Aug 12, 2025

National Storage Mechanism | Additional information

RNS Number : 8888U

Goldstone Resources Ltd

12 August 2025

12 August 2025

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Result of AGM and Meeting Update

GoldStone Resources Limited (AIM: GRL), the West African gold producer and developer , announces that at its Annual General Meeting ("AGM") held yesterday, all resolutions were duly passed except for Resolution 3, which related to the re-appointment of Ms Angela List as a director of the Company, and Resolution 7, to provide the directors with a further general authority to allot up to an aggregate maximum of 474,594,899 Ordinary Shares.

The result of the poll for each resolution are as follows:

Ordinary Resolutions		For	%	Against	%	Votes Withheld
Ordinary Resolution 1	To receive and adopt the annual financial statements of the Company for the year ended December 2023 and December 2024 (the "Accounts"), together with the reports of the directors and the auditors.	320,278,467	84.29%	59,676,000	15.71%	2,080,660
Ordinary Resolution 2	To ratify and approve the remuneration of the directors as set out in the Accounts.	380,978,225	99.82%	696,000	0.18%	360,902
Ordinary Resolution 3	To confirm the re-appointment of Ms Angela List as a director of the Company.	72,763,454	19.23%	305,670,660	80.77%	3,601,013
Ordinary Resolution 4	To confirm the re-appointment of Dr Orrie Fenn as a director of the Company.	427,214,742	95.84%	18,546,300	4.16%	61,930,660
Ordinary Resolution 5	To confirm the appointment of Mr Campbell Smyth as a director of the Company.	318,207,661	62.71%	189,234,041	37.29%	250,000
Ordinary Resolution 6	To appoint Moore Stephens Audit & Assurance (Jersey) Limited as auditors of the Company until the conclusion of the annual general meeting of the Company to be held in 2026, on terms and conditions (including remuneration) to be agreed by the directors.	320,347,467	100.00%	7,000	0.00%	61,680,660
Special Resolution 7	To provide the directors with a further general authority to allot up to an aggregate maximum of 474,594,899 Ordinary Shares, representing approximately 50 per cent. of the Company's issued ordinary share capital at the date of notice of this Resolution.	319,570,133	62.96%	187,971,569	37.04%	150,000

As resolution 3 did not receive the requisite majority, Ms Angela List has not been reappointed and has therefore stepped down from the Board with immediate effect. The remaining Board has, following the AGM, nominated Campbell Smyth as Interim Non-Executive Chairman of the Company.

The Company also notes that, at today's meeting, a former Chairman of the Company, Bill Trew, disclosed certain confidential information regarding the Company, in relation to, inter alia, an offer received by the Board in April 2025, which had been unequivocally rejected by the Board for a number of reasons. The Company has commenced an investigation into how this confidential information was obtained by Mr Trew.

In terms of current trading, the Company confirms that it produced approximately 213.7 troy ounces in July 2025, a reduced amount due to the current low grade ore that is being mined at the Homase Mine.

The Company notes that it is in ongoing discussions with potential funding partners and, to the extent needed, will convene a further General Meeting in due course to allow shareholders to vote on increasing the Board's share issuance authorities.

ENDS

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
Susie Geliher / Isabel de Salis	goldstone@stbridespartners.co.uk

Notes

GoldStone Resources Limited (AIM: GRL) is an established gold producer and developer focused on Ghana's world-renowned Ashanti Gold Belt. Its flagship asset, the Akrokeri-Homase project, comprises two historic mines: Homase, where production is currently being ramped up, and Akrokerri, which produced 75,000 oz at an impressive 24 g/t in the early 1900s. The Company is also committed to expanding its project pipeline, leveraging its deep in-country expertise and strong operational presence, while continuing to advance exploration across its large, highly prospective licence area.

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.

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