Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

    GoldStone–Persistence Gold stake: Homase funding and drilling lens for engineers

    July 7, 2026|

    Reviewed by Tom Sullivan

    GoldStone–Persistence Gold stake: Homase funding and drilling lens for engineers

    First reported on MINING.com

    30 Second Briefing

    GoldStone Resources’ share price jumped 36% to 0.75p after Hong Kong-listed Persistence Gold Group agreed a £3.51 million subscription for 351.6 million new shares at 1p, taking a 20.96% stake to fund the Homase gold project in Ghana. The cash will support an enlarged JORC drilling campaign, mine planning and technical studies, as well as working capital across GoldStone’s Ghanaian licence portfolio. Persistence can nominate one director while holding at least 15%, with executive director Jeff Malaihollo expected to join the board under a governance agreement protecting minority shareholders.

    Technical Brief

    • Proceeds are earmarked to enlarge the JORC drilling campaign at Homase, expanding resource definition density.
    • Funding also covers detailed mine planning and technical studies to progress Homase toward its next development phase.
    • Working capital from the raise supports ongoing exploration across GoldStone’s wider Ghanaian licence portfolio, not only Homase.
    • Persistence’s right to nominate one director is contingent on maintaining at least a 15% equity holding.
    • A formal relationship agreement between GoldStone, Persistence and Strand Hanson aims to preserve operational independence.
    • Governance safeguards within that agreement are structured to protect minority shareholders while enabling strategic input from Persistence.

    Our Take

    A 20.96% cornerstone position in GoldStone Resources gives Persistence Gold Group meaningful influence without triggering a full takeover process, which in our database often precedes deeper offtake or project-level funding discussions for single-asset African gold companies.

    The contrast between GoldStone’s relatively small equity raise and the US$2 billion South32 zinc–manganese project in Arizona underlines how juniors at Homase’s scale are likely to focus new funds on near-mine optimisation and de-bottlenecking rather than step-change expansions that would strain their balance sheets.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    20 minutes ago

    Techking–Boonray autonomous mining tyres: design and duty-cycle notes for engineers

    Techking is collaborating with Chinese autonomous haulage specialist Boonray to co-develop mining truck tyres tailored to electric and driverless fleets, where high, instantaneous torque and tighter speed control change loading behaviour. The partners are integrating tyre design into early vehicle engineering, using Boonray’s AHS control data on torque curves, duty cycles and haul-road conditions to refine carcass structure, compound selection and heat management. For mine operators, this points to tyre performance being tuned to specific autonomous truck–road systems rather than generic TKPH-based selection.

    Mining
    20 minutes ago

    EcoPower Mate temporary power: layout and staging insights for mine planners

    EcoPower Mate introduces a modular temporary power system for remote mines, targeting exploration camps, mobile offices, communications nodes and construction facilities that currently rely on diesel gensets. Designed for locations with shifting footprints and variable loads, the units can be redeployed as drilling pads, laydown areas or satellite camps move, reducing the need to oversize fixed generator banks. For mine planners and project engineers, the approach supports more flexible power layouts and staged infrastructure without committing to early grid extensions.

    Mining
    20 minutes ago

    Sedgman wins Barroso lithium FEED: design and risk notes for project engineers

    Sedgman has secured the Front-End Engineering and Design contract for the lithium concentrator plant at Savannah Resources’ Barroso lithium project in northern Portugal, following its earlier work on the process flowsheet and Definitive Feasibility Study plant design. The FEED scope will refine equipment selection, layout and mass–energy balances for the hard-rock spodumene concentrator, de-risking capital estimates ahead of a final investment decision. For geotechnical and civil teams, the move signals progression towards detailed earthworks, foundations and tailings/waste infrastructure design on what is billed as mainland Europe’s largest lithium project.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental