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GoldStone Resources granted 10 year mining lease

08:41, 20th November 2019
Francesca Morgan
Company News
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GoldStone Resources (GRL) FOLLOW, the gold exploration and development company focused in West and Central Africa, announced on Wednesday that the group had received ministerial approval for a 10 year mining lease.

The Ghanaian Ministry of Lands and Natural Resources approved the recommendation for the grant regarding the Akrokeri and Homase Licences.

Specifically, the grant is designated for the Homase South Pit and land for the plant and process operation, with the company now awaiting the issue of the lease by MLNR.

The Homase South Pit is the first of the three pits along the Homase Trend which GoldStone will bring into production as detailed in the Definitive Economic Plan announced on 27 June 2019.

GRL price chart

GoldStone has said described the lease as representative of an important step in their goal of bringing the Akrokeri-Homase Gold Project into production.

"We continue to work to bring the Akrokeri and Homase project into production at the earliest opportunity and we are very pleased to have received this approval, which is an important step to achieving our goal,” said Emma Priestley, Chief Executive Officer.

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