PRESENTATION JUNE 2012
IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING DISCLAIMER The following applies to the information contained in this document and to be communicated during the management presentation based upon the information contained in this document, including the talks given by the presenters and any question and answer sessions (collectively, the “Presentat ion ”). The Presentation is the sole responsibility of Goldstone Resources Ltd (“Company”). Westhouse Securities Limited (“Westhouse”), which is authorised and regu lated by the Financial Services Authority, is acting as the nominated adviser and joint-broker to the Company. Optiva Securities Limited (“Optiva” and, together with Westhouse, the “Brokers”) which is authorised and regulated by the Financial Services Authority, is acting as joint-broker to the Company. This Presentation comprises an institutional presentation which has been prepared in connection with a proposed placing of new ordinary shares in the Company (“Placing”) and the admission of su ch ordinary shares of the Company to trading on AIM (“Admission”). The information contained in the Presentation has not been verified by the Brokers, nor does th is Presentation purport to be all-inclusive or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in the Company. The content of the Presentation has not been approved in terms of the Financial Services and Markets Act 2000. The Presentation is being distributed only to, and is directed only at (i) investment professionals within the meaning set out in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended and (ii) persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “r ele vant persons”). The Presentation must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which the Presentation relates is available only to relevant persons and will be engaged in only with such persons. The Presentation is strictly private and confidential and is being provided to you solely for your information and may not be reproduced in any form or forwarded or further distributed to any other person or published, in whole or in part, for any purpose whatsoever. Any forwarding, distribution or reproduction of the Presentation in whole or part is unauthorised. The information in this Presentation does not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to purchase or subscribe for any shares in the Company nor shall this document, or any part of it, or the fact of its distribution, form the basis of, or be relied on, in connection with any contract. Recipients of the Presentation who intend to acquire shares in the Placing are reminded that any such purchase may only be made solely on the basis of the information contained in the placing letters. No reliance may be placed for any purpose whatsoever on the information contained in this document or on the completeness, accuracy or fairness thereof. Nothing in this Presentation (or part thereof) will be construed as an inducement to make a decision to purchase or subscribe for or enter into any contract or make and other commitment in relation to the Company’s securities. 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The distribution of the Presentation in certain jurisdictions may be restricted by law and therefore persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this document nor any copy of it may be taken or transmitted into the United States, Canada, Australia, South Africa, Japan and the Republic of Ireland or distributed to the United States, Canada, 2 Australia, South Africa, Japan or the Republic of Ireland or to any national, citizen or resident thereof or any corporation, partnership or other entity created or organised under the laws thereof.
Focused on gold exploration in West and Central Africa GOLDSTONE SUMMARY Five projects in three stable African democracies Diverse portfolio of promising projects to minimise discovery risk Advanced: - Homase/Akrokerri (Ghana) Grass roots: - Manso Amenfi (Ghana) - Sangola (Senegal) - Oyem (Gabon) - Ngoutou (Gabon) Management team with good track record and experience in Africa JORC Compliant gold resource of 405,600 ounces (update pending) Drilling in three countries to: Increase resource (Homase) Potentially make a company transforming discovery (Gabon and Senegal) Ongoing exploration to generate news flow 3
EXECUTIVE BOARD AND JURIE WESSELS Chief Executive Officer MANAGEMENT More than 15 years’ experience in the exploration industry Minerals lawyer and exploration entrepreneur DR. HENDRIK SCHLOEMANN Director of Exploration Geochemist with hands on field exploration experience in excess of 20 years Ex-Harmony Exploration Manager for Africa NON-EXECUTIVE GENNEN McDOWALL Non Executive Chairman Until June 2008 President and Chief Executive Officer of Xemplar Energy Corp Geophysicist ANDREW McIIWAIN Non Executive Director Chief Executive Officer of Unity Mining Limited Mining Engineer with over 25 years’ experience in the industry BILL GEIER Non Executive Director Finance professional with over 18 years' experience in accounting and finance covering the mining, oil and gas, manufacturing, FMCG and transportation sectors. MANAGEMENT OCKERT HUGO KRUGER JACQUES COETZER EDDIE ORTON JOHAN INGWERSEN Company Secretary General Manager Logistics Manager Exploration Manager Practising Attorney in Cape Town 20 years experience African experience Exploration Geologist with vast African Experience 4
A - MAY 2009: At a share price of 0.5p Jurie Wessels and Hendrik Schloemann took over the management of the company BACKGROUND B - OCTOBER 2009: Homase joint venture agreement was concluded C - APRIL 2010: JORC compliant gold resource of 282,600 ounces in respect of Homase Current issued shares • 318,356,738 D – OCTOBER 2010: Acquisition of the Akrokerri license Exec. Directors’ interest • E – APRIL 2011: Gabon licenses granted 5% on fully diluted basis F – MAY 2011: Unity’s interest Drilling contract concluded for Homase/Akrokerri • currently at 33.6% G – JUNE 2011: JORC compliant gold resource of 123,000 ounces in respect of Akrokerri, which increased the Homase /Akrokerri Unity holds warrants 10.9 • combined resource to 405,600 ounces million shares 8.5p (exp. Oct 2012) and 10.9 million H – AUGUST 2011: Homase high grade drill results and 65% earned in Homase shares at 11.5p I - OCTOBER 2011: (exp. April 2013) Homase drill results J - NOVEMBER 2011: Placing of new ordinary shares at 5p K - FEBRUARY 2012: Homase high grade drill results L – APRIL 2012: Homase drill results M – MAY 2012: Drilling Commenced Sangola 5
PROJECTS: GHANA - HOMASE / AKROKERRI PERMIT LOCATION MAP Similar successful projects in Ghana Chirano (Kinross) • Edukan (Perseus) • Kubi and Obotan (PMI) • 6
PROJECTS: GHANA - HOMASE / AKROKERRI SALIENT FEATURES Ownership structure: • Homase: JV 65%, right to take to 85% Akrokerri: 95.1% Fiscal Regime: • Government 10% free carry Tax: 25% Withholding tax: 8% Royalty: 3%-6% Talk of windfall tax Obuasi mine site and • satellite pits Obuasi structure • • Resource area along 4 km of strike Soil anomalies • Regional targets • 7
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