Southstone Minerals Ltd. announces that it has agreed to settle outstanding indebtedness to a director of the Company in the sum of C$226,500 by the issuance of an aggregate of 4,530,000 common shares in the capital stock of the Company at a price of $0.05 per share, which transaction is subject to the approval of the TSX Venture Exchange. BOARD OF DIRECTORS OF Southstone Minerals Ltd. info@southstoneminerals.com Neither [...]
Southstone Minerals Ltd. is pleased to provide a production and operational update for the period 1 June 2020 to 31 August 2020 on its project portfolio located in South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q4, 2020 operated normally and during the period a 63.88 carat diamond, the largest diamond recovered by Southstone, was recovered. In addition, a 42.06 carat [...]
Southstone Minerals Ltd. is pleased to announce it has entered in an Acquisition Agreement to acquire the 1607.7 hectare Prospecting Right covering the Farm Panfontein 58 HO alluvial diamond property situated approximately 8 kilometers east of the town of Schweizer Reneke in the Northwest Province of the Republic of South Africa . The Property has a historical alluvial diamond resource estimate, as discussed below, and [...]
Southstone Minerals Ltd. is pleased to provide a production and operational update for the period of 1 December 2019 to 28 February 2020 and 1 March to 31 May 2020 on its project portfolio located in South Africa. Oena Diamond Mine, Republic of South Africa Southstone continues to focus and prioritize its efforts on the Oena Diamond Mine. There is currently one mining contractor on site using eight pan plants to process [...]
Southstone Minerals Ltd. announces that it has agreed to settle outstanding indebtedness in the sum of $705,456.75 by the issuance of 7,524,872 common shares in the capital stock of the Company at a price of $0.09375 per share, which transaction is subject to the approval of the TSX Venture Exchange. CC Mining Limited has agreed to settle indebtedness in the sum of C$498,363 by the issuance of 5,315,872 common shares [...]
Southstone Minerals Ltd. is pleased to announce that at the annual and special shareholders meeting held on May 15th, 2020, the Company received disinterested and minority shareholder approval of the Company’s disposition of the Company’s 49% interest in the issued and outstanding Ordinary Shares and 74% interest in the issued and outstanding Preference Shares of each of Kwena Mining Projects Ltd., Kwena Mining and [...]
Southstone Minerals Ltd. announces the closure of the Oena mine in the Northern Cape, South Africa in compliance with the South African government’s instructions for a 21 day lockdown period starting from March 26th until April 16th, 2020. Kwena Group will continue to operate only a day shift as the three coal washing facilities are partially exempt from the lockdown. Southstone Minerals Ltd. Mr. Samer Khalaf Chief [...]
Southstone Minerals Ltd. announces that it is proposing to sell its 49% interest in the issued and outstanding Ordinary Shares and 74% interest in the issued and outstanding Preference Shares of each of Kwena Mining Projects Ltd., Kwena Mining and Metallurgical Services Ltd. and Kwena Springlake Projects Ltd. The Company has entered into a disposition agreement dated 20 March 2020 with Kevin C. Gallagher , whereby [...]
Southstone Minerals Ltd. is pleased to announce a record quarter, having made a profit for the Q1 2020 period of C$364,838, compared to a loss incurred in the comparative period in Q1 2019 of C$88,636. These results are directly related to the increase in diamond sales from Oena Diamond Mine, South Africa . Southstone continues to focus and prioritize its efforts on improving and increasing production at Oena resulting in [...]
Southstone Minerals Ltd. is pleased to announce the below Q1 Operational update. OPERATIONAL UPDATE Q1 2020 Management is pleased to provide a production and operational update for the period of 1 September 2019 to 30 November 2019 on its project portfolio located in South Africa and Liberia. DIAMOND PRODUCTION Oena Diamond Mine, Republic of South Africa Southstone continues to focus and prioritize its efforts on [...]
Southstone Minerals Ltd. is pleased to announce results of the audited financial statements for the Financial Year ending 31 August 2019. Southstone`s strategic focus on its diamond operations, in particular the Company’s flagship asset, the Oena Diamond Mine, South Africa, resulted in a diamond production increase of 76% to 1,694.50 carats during the 2019 Financial Year , which sold for an average of US$1,664 . The [...]
Southstone Minerals Limited is pleased to provide an operational and production update for the Oena Diamond Mine. During the production period, 8 August to 16 October 2019, a total of 742 carats were produced, placed on tender and sold with an average price of US1,495 per carat. Southstone maintains its strategic focus on its diamond operations, in particular the Company’s flagship asset the Oena Diamond Mine [...]
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