14th Feb 2019 14:14
LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it commenced its definitive economic plan and environmental impact assessment for the Akrokeri-Homase gold project in Ghana.
The economic plan aims to assess capital requirements, operating costs and timelines in respect of developing an operational mine on the Homase Trend. The plan is expected to be completed in the second quarter of 2019.
The plan represents a "key milestone" in the company's strategy towards becoming a gold producer, Goldstone said.
"Last year, we made a commitment to our shareholders to bring the Akrokeri-Homase project into production in the shortest possible time. Initial indications point towards the viability of a low tonnage, gravity and combined heap leach facility to generate early stage cash flow with minimal capital expenditure at Homase. As such, this is the focus of our development efforts, as we seek to deliver our objective of near term production," Chief Executive Officer Emma Priestley said.
Goldstone Resources shares were trading up 1.1% at 1.92 pence each on Thursday.
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