Mining Intelligence and News
Ghana

Homase Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Homase Mine, part of the Akrokeri-Homase Gold Licences (“AKHM”), consists of five open pits. The oxides from the Homase Mine are being treated at the heap leach processing facility, and the tailings from the former Akrokeri Mine, which closed in 1909, are being retreated.

In 2023, mining operations were suspended to evaluate processing options. In January 2023, £2,400,000 was raised via a convertible loan note to upgrade equipment and infrastructure at the Homase Mine. Mining and stacking recommenced in June 2023.

As of 15 January 2025, the production ramp-up continues, with 48,000 tonnes per month of agglomerated stacked ore achieved in November and December 2024. This stacking rate is expected to be maintained in the coming months.

To further support the expansion of both mining and processing operations throughout 2025, work continues on the second lift of pads 3 and 4, and the extension to Cell 5 is nearing completion.

Owners

SourceSource
CompanyInterestOwnership
Government of Ghana 10 % Indirect
GoldStone Resources Ltd. 90 % Indirect
GoldStone Resources Ltd, through its subsidiary GoldStone Akrokeri Ltd, owns 90% of GoldStone Homase Ltd, with the remaining 10% owned by the government of Ghana.

Deposit type

  • Sedimentary - Volcanogenic
  • Vein / narrow vein
  • Mesothermal

Summary:

The property is underlain by the Ashanti gold belt, one of the world’s most significant Proterozoic gold belts discovered to date. The belt is the most prominent of the five Birimian Supergroup gold belts found in Ghana and is predominantly comprised of sedimentary and mafic volcanic rocks. The Brimian terranes in the southern part of the West African craton are several different volcano-sedimentary formations including metamorphosed volcanic, sedimentary and plutonic rocks and low-grade metavolcanics and metasediments. Two types of granite are present, one is more resistant to weathering than the other, with the less-resistant granite containing gold mineralization.

Mineralized shears are found close to the contact with harder metamorphosed and metasomatically altered geology forming the Upper Birimian volcanics. Two main ore types are present at Akrokeri-Homase (AKHM) hosted within quartz veins and sulphide ores. Subsurface investigation within the mineralized trend undertaken by Ashanti Goldfields revealed a wide zone of shear about 800m long, 14m wide between 255m and 70mRL elevation. Shear mineralized zone metasediments dip sub-vertical or steeply to the NW and strike NNE.

Comparable features of Birimian mesothermal gold mineralization between Obuasi and AKHM include quartz veins and mineralization in graphitic shear zones, along with visible gold occurring in fractures within a quartz veins. Most of the gold is contained between these graphite-rich shears and thin quartz-chlorite units within sheared metasediments.

Vertical Distribution
Oxide material to 40 metres vertical; underlying c.5 metres intermediate mixed material; deeper unoxidized material commonly to at least 200 metres.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

Completion of first gold pour at Homase Mine in November 2021.
CommodityProductUnits2024202320222021
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Operational metrics

Metrics2023
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Production Costs

Commodity production costs have not been reported.

Mine Financials

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 2, 2025

Workforce

Aerial view:

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