REG - Wishbone Gold PLC - WSBN Completes Reorganisation of WA Subsidiary

Wishbone GoldAnnouncement

15/04/2025 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250415:nRSO0627Fa&default-theme=true

RNS Number : 0627F  Wishbone Gold PLC  15 April 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

 

 

15 April 2025

 

Wishbone Gold Plc

("Wishbone" or the "Company")

 

WSBN Completes Reorganisation of Western Australian Subsidiary

 

Wishbone Gold Plc (London AIM & Aquis: WSBN) advises that, further to the
Company's RNS dated 19 March, the Company has paid out all of its legal
liabilities and completed the reorganisation of its Western Australia
subsidiary, Wishbone Gold WA Pty Ltd ("WSBN WA").

 

Management has been strengthened by the appointment of Edward Mead as a
director of WSBN WA replacing Barrett Kosh who remains a director of Wishbone
Queensland. Mr Mead is a geologist with 30 years' experience in gold and base
metals exploration, mine development and mine production. He has worked on
geological settings that include copper/gold porphyries, epithermal and
orogenic gold deposits, intrusion related gold systems (IRGS), mafic and
ultramafic layered intrusions for nickel copper and Platinum Group Elements,
Volcanic Hosted Massive Sulphides (VMS, VHMS) for copper, zinc and silver,
felsic intrusions such as Pegmatite's for lithium and supergene deposits for
commodities such as uranium, sedimentary basins for coal, iron ore and oil and
gas.

 

Ed has worked in New Zealand, Australia, Africa, Europe and North America, on
projects at various stages.

 

He has a BSc in Geology from Canterbury University in New Zealand and is a
Fellow of the Australian Institute of Mining and Metallurgy.

 

Wishbone Gold's Chairman, Richard Poulden said: "It's a very positive step
forward for the Company to clean up its Western Australian subsidiary and take
back full ownership and operational control of our exciting Red Setter and
Cottesloe projects. With gold at record highs, Red Setter is a very important
asset for Wishbone and as part of the complete restructuring of how Wishbone
will operate, we have appointed Ed Mead to head up our Western Australian
operations effective immediately. Ed is highly experienced in the Pilbara
region of Western Australia and he is now actively involved in streamlining
how the Company moves forward from here and we will update shareholders on our
new strategy shortly."

 

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

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

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

 Tavira Financial Limited
 (Broker)
 Chris Kipling                                             Tel: +44 20 3833 3742

 Soho Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 78 0360 3130

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDSFASIIEISEEL