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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company is engaged in the acquisition, exploration, evaluation, development and mining of mineral properties. The Company holds a 43% interest in the Oena Diamond Mine (Oena), which is located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. Oena is a producing alluvial diamond property. Oena is approximately 8,800 hectares in size and covers a 4.8 kilometers (kms) wide strip along a 15 kms length of the lower Orange River. The property has two separate and distinctly different aged diamondiferous bearing paleochannel gravels: Proto-terraces and Meso-terraces. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Comment by hempsteron Jan 31, 2020 2:32pm
113 Views
Post# 30626824

RE:RE:New financials on sedar!

RE:RE:New financials on sedar!

Yep. I hope there is a valid reason for their behaviour. I'd definitely appreciate it if they gave us a more detailed update on how things are going in Liberia and what their plans for the Kwena Group are. Their service contract for the coal mines expires this June and until then there should be clarity if they'll really sell their stake or what they plan to do.
In the md&a they say they still want to sell the Kwena group - would be good if they had another proper project/ revenue source until then and not only the Oena mine.

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