Wide Gold & Copper Zones Identified at Red Setter
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
20 October 2026
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Wide Gold and Copper Zones Identified at Red Setter
Wishbone Gold Plc is pleased to announce that the latest assay results of the on-going drill programme at its Red Setter project have identified wide zones of gold and copper mineralisation. These are important results and materially support the Company's view that there is significant mineralisation at shallower depths at Red Setter.
Red Setter is located 20km south-west of Greatland Resources Ltd (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine.
Red Setter is one of multiple gold and copper targets that Wishbone has within its 628km2 tenement package (including the recently registered Havieron South-East E 45/7348 application tenement which covers 118 km2) that lies within a c.45 km radius of the Telfer mine (see Figure 1).
Noteworthy recent assay results received from Red Setter (see Figure 5) include:
· 14.4m @ 0.81 g/t Au following on from 4m @ 1.3g/t Au
· 11.6m @ 0.70 g/t Au with 4.6m @ 1.31 g/t Au
· 9.5m @ 0.77 g/t Au with 3.5m @ 1.27g/t Au
· 7m @ 2.0 g/t Au
· 12m @ 0.15% Cu
· 3m @ 0.51% Cu within a wider 7m @ 0.26% Cu
Wishbone recognises that the publication of these results has taken longer than expected with the main reason for the delay caused by the volume of core being processed, commercial geochemistry laboratory backlogs, and the multi-step processing and rigorous quality control requirements of the assay testing process. There is a large backlog of exploration results to come through and the Company expects more findings to made known in the coming weeks though multi-element assays (which also include the copper assays) are expected back more slowly - these results are key when looking at combined gold and copper intercepts (See Figure 5). For the 2026 drill campaign to date over 11,317 metres of samples have been dispatched for assay testing.
As mentioned in the announcement on 22 June 2026, Wishbone initially designed a 25 hole reverse circulation (RC) and diamond drilling programme of approximately 9,000 metres to follow up on the encouraging 2025 assay results and to test extensions of the mineralised system. Following the shallow gold discovery the programme was extended and modified to target this gold.
In the 2026 drill campaign to date, Wishbone has drilled 40 holes for 12,606 metres, covering 5,109 metres of RC and 7,497 metres of diamond drilling. The team at Red Setter has made significant progress (See Table 1 in Appendix) with drill metre rates averaging 52m per day for diamond drilling, based off a decision to utilise RC for pre-collars, followed by diamond core tails, targeting depths of up to 650 metres. Thus far 35 RC holes as pre-collars for the diamond drilling have been completed, and gold assays have been returned for the first 15 RC holes and 12 diamond tails (see Table 2 for previously announced significant RC gold intercepts and Table 3 for new RC and diamond drilling intercepts and Table 4 for new copper intercepts).
Ed Mead, Wishbone Gold WA director, commented:
"The potential of Red Setter is really starting to come together. These significant gold and copper findings underscore our view that there is significant mineralisation at shallower depths at Red Setter. The results are even more relevant when you consider that Telfer's current production grades are significantly lower than the drilling results we have announced. For comparison purposes, Telfer processed 5.19Mt at a head grade of 0.53 g/t gold and 0.08% Cu in its June 2026 quarter[1], meaning several of our Red Setter intercepts already grade well above Telfer's current plant feed. We still have a very large backlog of exploration results to work through, as we continue to advance what is proving to be a very exciting project."
Figure 1: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine, with new access road application to Nifty Copper Mine
Figure 2: Red Setter map of drilling results
END
For more information on Wishbone, please visit the Company's website.
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
Cranborne Communications Ltd
George Hudson
Tel: +44 (0)7803 603130
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.
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 director of Wishbone Gold WA Pty Ltd and is a consultant to Wishbone Gold Plc 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.
Appendix 1:
Table 1: Current status of the drill program
State of program
Completed
Backlog/Pending
RC drilled
5109m
0
RC logged
5109m
0
RC sampled
5109m
0
RC dispatched
5079m
30
RC fire assay
2363m
2716m
RC multielement
0m
2100m
Diamond drilling
7497m
Diamond logged
7397m
99m
Diamond core cut
6710m
688m
Diamond core pending dispatch
1159m
Diamond dispatched for assay
6238m
472m
Diamond fire assay received
5872m
366m
Diamond Multi Element assays
3312m
2926m
Table 2: Previously Announced significant drill Intercepts from Reverse Circulation drilling at Red Setter. Refer Figure 2 for location of drill holes
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Significant Intersection
26RSRD001
77
78
1
0.23
1m @ 0.23g/t Au from 77m
26RSRD001
120
122
2
0.25
2m @ 0.25g/t Au from 120m
26RSRD003
45
48
3
0.65
3m @ 0.65g/t Au from 45m
26RSRD003
56
60
4
0.3
4m @ 0.3g/t Au from 56m
26RSRD003
139
150.6
11.6
0.70
11.6m @ 0.70g/t Au from 139m
Inc.
146
150.6
4.6
1.31
4.6m @ 1.31g/t Au from 146m to 150m (EOH)
26RSRD005
93
94
1
0.54
1m @ 0.54g/t Au from 93m
26RSRD005
123
127
4
0.21
4m @ 0.21g/t Au from 123m
26RSRD005
134
135
1
0.22
1m @ 0.22g/t Au from 134m
26RSRD006
93
94
1
0.38
1m @ 0.38g/t Au from 93m
26RSRD006
101
105
4
1.29
4m @ 1.29g/t Au from 101m
26RSRD006
124
125
1
0.22
1m @ 0.22g/t Au from 124m
Table 3: Significant Gold drill Intercepts from Reverse Circulation and Diamond drilling at Red Setter. Refer Figure 2 for location of drill holes
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Significant Intersection
26RSRD001
157
158
1
0.21
1m @ 0.21 g/t Au from 157m
26RSRD001
162
163
1
0.62
1m @ 0.62 g/t Au from 162m
26RSRD004
292
301.5
9.5
0.77
9.5m @ 0.77 g/t Au from 292m
Inc.
298
301.5
3.5
1.27
3.5m @ 1.27 g/t Au from 298m
26RSRD005
250.6
251
0.4
0.26
0.4m @ 0.26g/t Au from 250.6m
26RSRD005
274
275
1
0.37
1m @ 0.37g/t Au from 274m
26RSRD005
293.1
294
0.9
0.47
0.9m @ 0.47g/t Au from 293.1m
26RSRD007
227
228
1
0.46
1m @ 0.46 g/t Au from 227m
26RSRD007
309.6
324
14.4
0.81
14.4m @ 0.81 g/t Au from 309.6m
Inc.
321
324
3
1.3
3m @ 1.3 g/t Au from 321m
26RSRD007
326
330
4
0.21
4m @ 0.21 g/t Au from 326m
26RSRD007
455
456
1
0.34
1m @ 0.34 g/t Au from 455m
26RSRD008
173
174
1
1.22
1m @ 1.22 g/t Au from 173m
26RSRD008
178
179
1
0.5
1m @ 0.5 g/t Au from 178m
26RSRD008
207
208
1
0.45
1m @ 0.45 g/t Au from 207m
26RSRD008
212
213
1
0.82
1m @ 0.82 g/t Au from 212m
26RSRD008
218
219
1
0.24
1m @ 0.24 g/t Au from 218m
26RSRD008
306
307
1
1.98
1m @ 1.98 g/t Au from 306m
26RSRD008
316
317
1
0.23
1m @ 0.23 g/t Au from 316m
26RSRD009
174.85
180
5.15
0.16
5.15m @ 0.16 g/t Au from 174.85m
26RSRD009
203
204
1
0.21
1m @ 0.21 g/t Au from 203m
26RSRD009
237
238
1
0.34
1m @ 0.34 g/t Au from 237m
26RSRD010
118
119
1
0.21
1m @ 0.21 g/t Au from 118m
26RSRD013
128
130
2
0.34
2m @ 0.34g/t Au from 128m
26RSRD014
137
138
1
0.52
1m @ 0.52 g/t Au from 137m
26RSRD022
90
92
2
0.3
2m @ 0.3 g/t Au from 90m
26RSRD025
244.2
246.1
1.9
1.19
1.9m @ 1.19 g/t Au From 244.2m
26RSRD025
250
250.8
0.8
0.21
0.8m @ 0.21 g/t Au from 250m
26RSRD025
253.4
255.1
1.7
0.36
1.7m @ 0.36 g/t Au from 253.4m
26RSRD025
260.9
263
2.1
0.32
2.1m @ 0.32 g/t Au from 260.9m
26RSRD025
277
278
1
0.21
1m @ 0.22 g/t Au from 277m
Table 4: Significant Copper drill Intercepts from Reverse Circulation and Diamond drilling at Red Setter. Refer Figure 2 for location of drill holes
Hole ID
From (m)
To (m)
Length (m)
Cu (percent)
Significant Intersection
26RSRD002
73
85
12
0.15
12m @ 0.15% Cu from 73m
Inc.
82
83
1
0.53
1m @ 0.53% Cu from 82m
26RSRD003
56
60
4
0.21
4m @ 0.21% Cu from 56m
26RSRD005
93
100
7
0.26
7m @ 0.26% Cu from 93m
Inc.
93
96
3
0.51
3m @ 0.51% Cu from 93m
26RSRD005
123
127
4
0.24
4m @ 0.24% Cu from 123m
Inc.
124
125
1
0.53
1m @ 0.53% Cu from 124m
26RSRD006
101
102
1
0.26
1m @ 0.26% Cu from 101m
26RSRD008
194
196
2
0.44
2m @ 0.44% Cu from 194m
26RSRD008
198
199
1
0.31
1m @ 0.31% Cu from 198m
26RSRD008
218
219
1
0.28
1m @ 0.28% Cu from 218m
26RSRD009
87
90
3
0.230
3m @ 0.23% Cu from 87m
26RSRD009
126
129
3
0.29
3m @ 0.29% Cu from 126m
26RSRD009
174.85
180
5.15
0.17
5.15m @ 0.17% Cu from 174.85m
26RSRD009
237
239
2
0.23
2m @ 0.23% Cu from 237m
26RSRD011
91
92
1
0.20
1m @ 0.20% Cu from 91m
26RSRD013
128
131
3
0.61
3m @ 0.61% Cu from 128m
Inc.
129
130
1
1.53
1m @ 1.53% Cu from 129m
Figure 3: Collar plan for Red Setter
Figure 4: Red Setter drill section
Figure 5: Red Setter drill section
[1] Greatland Resources Limited June 2026 Quarterly Report dated 29 July 2026
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