Homase Mine Update
Homase Mine gold production reached 416 ounces in December; targeting 1,000 ounces per month by Q1 2025.
- Ore stacking rate 48,000 tonnes per month
- Gold doré production 416 ounces
- Target production rate 1,000 ounces per month
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Goldstone Resources Limited (AIM: GRL) is pleased to provide an update on production at the Homase Mine and heap leach operation in south-western Ghana ("Homase").
The production ramp up continues to advance, with a 48,000 tonnes per month of agglomerated stacked ore in November and December 2024, and this stacking rate is expected to be maintained over the coming months. The latest gold pour of 416 ounces of gold doré in respect of December 2024 production was completed on 10 January 2025 following the Presidential inauguration on 7 January 2025, with gold production expected to reach our 1,000 ounces per month target in Q1 2025.
The Company continues to focus on the progressing the civil engineering on the construction for Cells 6 and 7 for the continuation of the mining operations for the planned ramp up of production throughout 2025.
Emma Priestley, Chief Executive Officer, commented:
"We continue to make steady progress at Homase and our near-term objective of delivering 1,000 ounces of gold per month is within grasp. Operations on site are developing well and the team is pleased with the mine performance. We remain very optimistic about 2025 and we will keep the market updated regularly on our operations this year."
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