GoldStone Resources Ltd


GoldStone Resources Ltd initially explored for gold in Guyana, South America. The theory was that the geology was similar to the main gold mining area in South Africa. No commercial deposits were discovered and management decided to refocus on Africa, which is the company’s true area of expertise. The main interests are in Ghana, Gabon and Senegal. GoldStone intends to sell on projects when they reach the mining stage. GoldStone joined Aim on 25 March 2004, when it raised £5.6m at 25p a share. The market capitalisation at that time was £15.6m.

Sector: Resources

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