Interim report
Page 1
30 September 2026 GOLDSTONE RESOURCES LIMITED ( " GoldStone " or the " Company " ) Interim Results for the six months ended 30 June 2026 GoldStone Resources Limited , the AIM - quoted gold producer and exploration company focused on the development of the Homase Mine within its Akrokeri - Homase Gold Project in Ghana , announces its unaudited interim results for the six- month period ended 30 June 2026 ( the " Period " ) . HIGHLIGHTS Operational • • • • Corporate • • • • • • • Produced 46.43 kilograms of doré , which equated to approximately 1,214.4 troy ounces gold sold during the Period . Mining continued from Pit 3 at the Homase Mine , with oxide ore processing maintained throughout the Period . Construction of Pad 6 , the Company's largest heap leach pad , was completed and stacking of agglomerated ore commenced in May 2026 . Commenced a 2,700 metre reverse circulation ( " RC " ) pit definition drilling programme targeting the proposed Pit 5 and Pit 6 oxide mining areas to support future mine planning and production ( post period end ) . Continued optimisation of the Homase Mine with ongoing evaluation of the more than 4 kilometre mineralised Homase structural corridor . Successfully completed a £ 2.0 million equity fundraising in February 2026 to strengthen the Company's balance sheet and fund operational development . Entered into a strategic investment in MinCorp Sierra Leone Limited , securing a 50 % interest in the Wandor Gold Project . Strengthened the Board and management team with the appointments of Dr Bob Foster as Non - Executive Director and Mike Jones as Executive Director . Revenue for the six months ended 30 June 2026 was US $ 4.86 million ( H1 2025 : US $ 6.71 million ) , generating a gross profit of US $ 2.49 million ( H1 2025 : US $ 3.89 million ) , reflecting the lower gold production achieved during the Period . The Group reported a profit before tax of US $ 0.25 million , compared with a loss of US $ 3.76 million in H1 2025 , benefiting from movements in the valuation of the Group's financial liabilities . Cash and cash equivalents at 30 June 2026 were US $ 0.73 million ( 31 December 2025 : US $ 0.43 million ) , with net current liabilities reducing to approximately US $ 6.9 million from US $ 11.3 million at 31 December 2025 . Following the Period end , the £ 3.51 million ( approximately US $ 4.68 million ) strategic investment by Persistence Gold Group significantly strengthened the Group's working capital position . Continued strengthening of the Company's operational and financial management in preparation for the next phase of growth . The Company is also pleased to confirm the appointment of Dr Jeff Malaihollo as a Non - Executive Director of the Company . Jeff is a geologist with over 35 years ' experience in the mining and natural resources sector , spanning technical , corporate and executive roles . He is currently an Executive Director of Hong Kong - listed Persistence Gold Group Ltd ( HKEX : 2489 ) and has previously served as Chairman , Managing Director and Non - Executive Director of companies listed in London , Australia and Canada . He was also previously a Director and Head of Research at a natural resources corporate finance firm and held geological roles with major mining companies including Rio Tinto Group , BHP Group Limited and Newcrest Mining Limited . Jeff obtained his bachelor's degree from the University of California Santa Barbara and his PhD from University College London ( University of London ) . He is a Fellow of the Australian Institute of Mining and Metallurgy ( FAusIMM ) , Fellow