REG - Wishbone Gold PLC - New Tenement applications in Western Australia

Wishbone GoldAnnouncement

08/07/2025 09:15

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RNS Number : 1662Q  Wishbone Gold PLC  08 July 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of MAR

 

 

 

 

8 July 2025

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

 

New Tenement applications in Western Australia

 

Wishbone Gold Plc is pleased to announce that it has applied for 12 new
exploration tenements totalling approximately ~174 square kilometres over
ground that our geologists identified which is proximal to the Company's Red
Setter Gold Dome Project.  These are all within a 30km radius of Greatland
Gold Plc's (AIM and ASX: GGP) operating Telfer gold mine in Western Australia.

 

These exploration tenement applications are all over land with vacant tenure.
Several of the applications are located less than 6km from the Telfer mine
site itself: refer Figure 1 and Figure 2. The applications increase Wishbone's
overall footprint in the immediate area surrounding the Telfer Mine to ~231 sq
kilometres (~400% size increase).

 

Ed Mead, Wishbone Gold's Western Australia Director commented;

 

"It is extraordinary that we managed to be first in line for these 12
tenements which quadruples our current tenement holding in the area. I am
surprised that ground like this, so close to the Telfer Gold Mine, was even
available. We applied for these exploration tenements on an exclusive basis
for Wishbone Gold and we will now be commencing the process of moving these
applications towards granting. These tenement applications significantly
expand our existing Telfer land package, where we have our major Red Setter
Gold Dome Project, located only 12km SW of the Telfer Mine itself."

"By way of the Red Setter drilling update, I'm pleased to advise that an
earthmoving contractor is due on site on the 11 July and we are expecting the
drill rig to be on site for next week.  A further news release will be made
when drilling commences. The Company plans to deepen two existing RC drill
holes to a depth of about 550 metres into the hinge of the Red Setter Dome
gold target that was identified by Expert Geophysics Limited
(https://expertgeophysics.com (https://expertgeophysics.com/) ) in September
2024 and as announced by Wishbone on 25 April 2025."

 

 

 

Figure 1: WSBN Exploration Tenement applications immediately surrounding the
Telfer Mine.

Figure 2: WSBN Exploration Tenement applications with 100% GGP Tenements and
Major Projects.

 

 

Table 1: The new Telfer Tenements are as follows and can be seen on the
Western Australian Government's "Access TENGRAPH Web" site at:
https://www.wa.gov.au/service/natural-resources/mineral-resources/access-tengraph-web
(https://www.wa.gov.au/service/natural-resources/mineral-resources/access-tengraph-web)

 

 Tenement Number  Square Kilometres
 E45/7138         101.86
 E45/7139         2.59
 E45/7140         1.64
 E45/7141         15.89
 E45/7142         19.06
 E45/7143         3.18
 E47/7144         3.18
 E47/7145         2.39
 E45/7146         3.18
 E45/7147         11.56
 E45/7148         6.15
 E45/7149         3.18
 Total            173.86

 

 

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com (http://www.wishbonegold.com) .

 

END

For further information, please contact:

 Wishbone Gold PLC

 Richard Poulden, Chairman                                 Tel: +971 4 584 6284

 Beaumont Cornish Limited
 (Nominated Adviser and AQUIS Exchange Corporate Adviser)
 Roland Cornish/Rosalind Hill Abrahams                     Tel: +44 20 7628 3396

 

 

Competent Persons Statement

The Information in this report that relates to exploration results, mineral
resources or ore reserves is based on information compiled by Mr Edward Mead,
who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr
Mead is a consultant to the company and employed by Doraleda Pty Ltd. Mr Mead
has sufficient experience which is relevant to the style of mineralisation and
type of deposits under consideration and to the activity that he is
undertaking to qualify as a Competent Person as defined in the 2012 edition of
the `Australian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this report.

 

 

Nominated Adviser Statement

 

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
as nominated adviser to the Company in connection with this announcement and
will not regard any other person as its client and will not be responsible to
anyone else for providing the protections afforded to the clients of Beaumont
Cornish or for providing advice in relation to such proposals. Beaumont
Cornish has not authorised the contents of, or any part of, this document and
no liability whatsoever is accepted by Beaumont Cornish for the accuracy of
any information, or opinions contained in this document or for the omission of
any information. Beaumont Cornish as nominated adviser to the Company owes
certain responsibilities to the London Stock Exchange which are not owed to
the Company, the Directors, Shareholders, or any other person.

 

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