Download as PDF VICTORIA, BRITISH COLUMBIA — 24 February 2025 — Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that, further to its news release dated 18 February 2025, it has received conditional approval from the TSX Venture Exchange (“TSXV”) for its acquisition of Afrium Energy Pte. Ltd. (“Afrium”), a private Singapore corporation, which is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana (Pty) Ltd., that collectively hold three uranium Prospecting Licenses (the “Licenses”) in the Republic of Botswana (the “Transaction”). Final approval of the Transaction is subject
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 20 February 2025 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that African Star Minerals (Pty) Ltd. (“ASM”), the Company’s 43% owned subsidiary, has entered into a Contract Mining and Diamond Recovery Agreement (the “Agreement”) with Rietput Delwery (Pty) Ltd (“Rietput”) at Oena Diamond Mine (“Oena”), South Africa. Rietput will focus on mining the Sandberg Section of the Oena Mining License, with equipment mobilization initiated in early February and production scheduled to commence in Q2 2025. Production Overview and Performance Since the acquisition of Oena, the
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Download as PDF VICTORIA, BRITISH COLUMBIA — 18 FEBRUARY 2025 — Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) dated 18 February 2025, with Afrium Energy Pte. Ltd. (“Afrium”), pursuant to which Southstone has agreed to acquire all the issued and outstanding securities of Afrium (the “Acquisition”), an arms-length party, (and collectively with the Concurrent Equity Financing as defined below, the “Transactions”). Afrium, a private Singapore corporation, is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana
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Download as PDF VICTORIA, BRITISH COLUMBIA – 19 December 2024 – Southstone Minerals Limited (TSX.V: SML) today reported diamond sales results from its majority-owned Oena Diamond Mine in South Africa. Key Highlights: Q4 2024 Performance (June-August 2024): Sold 174.73 carats (61 diamonds) Achieved average price of USD $2,586 per carat Total revenue: USD $451,915 Q1 2025 Performance (September-November 2024): Sold 146.65 carats (88 diamonds) Achieved average price of USD $782 per carat Total revenue: USD $114,708 Special Size Diamond Sales (>10.8 carats): Q4 2024 (Sandberg Section): Special stone: 23.06 carats sold for USD $225,559 ($9,781 per carat) Second stone: 13.04
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Download as PDF VICTORIA, BRITISH COLUMBIA — 4 SEPTEMBER 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that the Company and Padstone Pte. Ltd. (“Padstone“) have mutually agreed to terminate the previously announced share purchase agreement (the “Agreement”) of the remaining 90% interest of the issued and outstanding shares of Padstone. The 1,152 fully paid ordinary shares of Padstone currently held by Southstone representing 10% of the issued share capital of Padstone, will be transferred back to the Padstone shareholders with an effective date of 31 August 2024 as per the terms of the Agreement. The
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Download as PDF VICTORIA, BRITISH COLUMBIA — 3 July 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that the Company and Padstone Pte. Ltd. (“Padstone“) have mutually agreed on an additional two month extension of the completion “Long-stop Date” for the previously announced share purchase agreement (the “Agreement”) of the remaining 90% interest of the issued and outstanding shares of Padstone (see news releases dated 10 January 2024 and 28 March 2024). The process of obtaining the two alluvial and kimberlite diamond exploration permits in the Republic of Guinea, collectively referred to the “Soromaya Project”
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Download as PDF VICTORIA, BRITISH COLUMBIA — 25 JUNE 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide an update on diamond sales from the Company’s majority owned Oena Diamond Mine (“Oena”), Republic of South Africa for the period 1 March 2024 to 31 May 2024 (“Q3 2024”) and June 2024 diamond sales (part of Q4 2024). During Q3 2024, three diamond tenders were held at CS Diamonds (Pty) Ltd and one tender was held in June 2024. These four tenders represent mine diamond production from 1 February 2024 to a cutoff date
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Download as PDF VICTORIA, BRITISH COLUMBIA — 28 March 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that the Company and Padstone Pte. Ltd. (“Padstone“) have mutually agreed on an extension of the completion “Long-stop Date” for the previously announced share purchase agreement (the “Agreement”) of the remaining 90% interest of the issued and outstanding shares of Padstone (see news release dated 10 January 2024). The process of obtaining the two alluvial and kimberlite diamond exploration permits in the Republic of Guinea, collectively referred to the “Soromaya Project” or the “Permits” is ongoing and as
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Download as PDF VICTORIA, BRITISH COLUMBIA — 13 March 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces that further to its news releases dated November 6, 2023 and January 10, 2024, it has extended the closing of the non-brokered private placement of up to 10M units at a price of C$0.05 per unit for gross proceeds up to C$500,000 (the “Private Placement“). Each unit of the Private Placement shall consist of one common share in the capital of the Company and one-half of a share purchase warrant, with each whole warrant entitling the holder to
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Download as PDF VICTORIA, BRITISH COLUMBIA — 11 MARCH 2024 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide an update of diamond sales, mining and diamond production at the Company’s majority owned Oena Diamond Mine (“Oena”), Republic of South Africa for the period 1 December 2023 to 29 February 2024 (“Q2 2024”). During Q2 2024 mining was initially focused on Sandberg Section (Map 1) where a double sixteen-foot pan is in operation and continues to operate. A double eighteen-foot pan plant was mobilized in January 2024 to Oena Section, was recently commissioned and
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