Download as PDF VICTORIA, BRITISH COLUMBIA — 18 OCTOBER 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) announces a non‐brokered private placement by the issuance of 1,360,000 at a price of $0.05 per share, for gross proceeds of C$68,000. The private placement is anticipated to be subscribed to by an Insider of the Company and would therefore constitute a “related party transaction” under MI 61-101. The Company is exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the Private Placement under sections 5.5(a) and 5.7(1)(a) of MI 61-101
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Download as PDF VICTORIA, BRITISH COLUMBIA — 31 AUGUST 2023 — 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 three Contract Mining and Diamond Recovery Agreements (the “Agreements”) with Zandfontein Delwery (Pty) Ltd (“Zandfontein”), Blourug Diamante (Pty) Ltd  (“Blourug”) and Triangle Mining CC (“Triangle”), collectively the “Contractors” at Oena Diamond Mine (“Oena”), South Africa. Each of the three Contractors will initially focus on mining a separate portion of the Oena Mining License, including the Sandberg, Oena and Blokwerf Sections,
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Download as PDF VICTORIA, BRITISH COLUMBIA — 11 April 2023 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) provides information on diamond sales for the period 1 December 2022 to 28 February 2023 (Q2 2023) and an operational update for the Oena Diamond Mine (“Oena”), South Africa. Diamond sales for Q2 2023 totalled 60.32 carats averaging USD $3,117 per carat with gross revenue of USD $188,047 (Table 1). This includes three diamonds >5 carats (Table 2) including a 20.66 carat diamond that sold for gross revenue of USD $115,600 (USD $5,596 per carat). Diamonds are sold at
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Download as PDF VICTORIA, BRITISH COLUMBIA — 28 NOVEMBER 2022 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a diamond sales and operational update for the Oena Diamond Mine (“Oena”), South Africa for the periods 1 June 2022 to 31 August 2022 (Q4 2022) and 1 September 2022 to 30 November 2022 (Q1 2023). Diamond sales for Q4 2022 and Q1 2023 totals 520.78 carats averaging USD $1,655 per carat with gross revenue of USD $861,829 (Table 1). This includes six exceptional specials (>10.8 carats) (Table 2) including a 31.33 carat diamond that
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Download as PDF please see pdf for larger images VANCOUVER, BRITISH COLUMBIA — 13 JUNE 2022 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that Oryx Mining (Pty) Ltd (“Oryx”) has commenced diamond mining operations at Oena Diamond Mine (“Oena”), South Africa. Oena will be operated 23 hours a day, 6 days a week with total head feed capacity of 200 tonnes per hour to a desanding screen which feeds to an 18-foot pan plant. Concentrate produced from the pan plant will be transferred securely to a high security processing facility where diamonds
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 19 April 2022 — 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 Oryx Mining (Pty) Ltd (“Oryx”) at Oena Diamond Mine (“Oena”), South Africa. Oryx, at its own cost and expense, will provide and maintain all the Plant and Equipment as required to perform the Mining Services. The diamonds produced by Oryx will be sold via a designated Tender Facility in South
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 22 February 2022 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a production and operational update for the period 1 December 2021 to 28 February 2022 (Q2 2022) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q2 2022 continued with one mining contractor on site processing run of mine (“ROM”) material. Production during Q2 was reduced due to a scheduled shutdown of approximately 1 month during the holidays in
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 2 December 2021 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a production and operational update for the period 1 September 2021 to 30 November 2021 (Q1 2022) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine was limited during Q1 2022 with one mining contractor on site processing both run of mine (“ROM”) material and pan tailings and bantam material (“Tailings”). One Bourevestnik (“BVX”) unit is used for diamond recovery.
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 8 October 2021 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a production and operational update for the period 1 June 2021 to 31 August 2021 (Q3 2021) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q4 2021 operated with one mining contractor on site with four pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond recovery. Mining and processing of
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Download as PDF VANCOUVER, BRITISH COLUMBIA — 28 June 2021 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to provide a production and operational update for the period 1 March 2021 to 30 May 2021 (Q3 2021) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q3 2021 operated with one mining contractor on site with four pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond recovery. Mining and processing of
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