Unaudited Interim Results

Wishbone Gold PLC

30 September 2026

 

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

30^th September 2026

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

Unaudited Interim Results for the period ending 30^th June 2026

Wishbone announces its interim results for the six-month period ended 30^th June 2026. Shareholders are reminded that these results are unaudited and based on the Company's management accounts.

Interim Operating Highlights

On 10^th February 2026, Wishbone won a contested ballot for 67km² of mineral title on crown land, 25km north-west of Telfer, which was applied for by multiple parties.

On 16^th March 2026, the Company confirmed the presence of gold and copper mineralisation within the Red Setter diorite trend, which extends for approximately 4 kilometers. Those assay results further support the potential for the project to host a large-scale mineralised system within one of Australia's most prospective gold-copper provinces.

On 9^th April 2026, Wishbone signed an option for a cash payment of £100,000, to acquire the Silver Lake Project, a silver prospect in the Carnarvon Basin of Western Australia.

On 20^th April 2026, a Reverse Circulation (RC) rig was mobilised from Perth to the Company's Red Setter Project in the Paterson Province of Western Australia, located 20km south-west of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine.

On 26^th May 2026, the Company exercised its option to acquire the Silver Lake Project. Consideration for the acquisition comprised the issue of 3,571,777 new Ordinary Shares at 29 pence each. The Silver Lake Project covers 422 km² and contains extensive silver mineralisation along a 35km structural corridor. Historic drill results include 2m at 150g/t Ag from 4m depth. The acquisition expands the Company's exploration portfolio within Western Australia.

On 11^th June 2026, the Company provided an update on exploration activities at the Red Setter Project in Western Australia. The first phase of the 2026 drilling programme commenced on 5^th May, with 14 RC drill holes completed for 2,182 metres. The second phase of the programme commenced on 27^th May and comprises diamond drilling, with two holes completed for 687 metres. The overall programme comprises up to 25 drill holes for approximately 9,000 metres and is designed to further evaluate the gold-copper mineralisation identified at the project.

Recent RNS announcements have covered the extension of the Red Setter drill programme, associated fundraising and the encouraging results seen so far.

Interim Financial Highlights

At the end of the period under review, the accounts show that Wishbone held cash balances totalling £3,140,810 (December 2025: £3,397,895). Operating costs, excluding interest during the period, were £891,836 (June 2025: £757,319).

On 22^nd April 2026, the Company raised gross proceeds of £1,100,000 in an institutional placing facilitated and arranged by Marex Financial at a placing price of 26.35 pence per share through the issue of 4,174,573 new Ordinary Shares of 0.1 pence each.

In addition, warrants have been issued to subscribers on the basis of one warrant for every two shares subscribed in the issue with a strike price of 40p per share, this being 50% above the placing price. These are exercisable within the period of two and a half years from the date of the placing.

Conclusion

The Company continues its strategy of exploration focused on its properties in Western Australia and in particular at the Red Setter Project which neighbours the Telfer Gold Mine. We look forward to bringing more good news to all of you in the coming months, creating more value for our shareholders.

In conclusion, I would like to thank you all: staff, shareholders and advisers for your hard work and support over what has been a key period for Wishbone.

Richard Poulden

Chairman

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

www.wishbonegold.com.

END

For further information, please contact:

Wishbone Gold PLC
Richard Poulden, Chairman	Tel: [phone]
Beaumont Cornish Limited
(Nominated Adviser and AQUIS Exchange Corporate Adviser)
Roland Cornish/Rosalind Hill Abrahams	Tel: [phone]
Cranborne Communications Ltd
George Hudson	Tel: [phone]

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.

Wishbone Gold PLC
Consolidated Income Statement
for the period 1 January 2026 to 30 June 2026
		Unaudited Six Months Ended 30 June 2026	Unaudited Six Months Ended 30 June 2025	Audited Year Ended 31 December 2025
		£	£	£
Continuing Operations
Other Income		-	496,551	506,088
Operating costs		(891,836)	(757,319)	(1,710,063)
Operating loss		(891,836)	(260,768)	(1,203,975)
Foreign exchange gains/(loss)		1,996	841	(3,646)
Loss from continuing operations - before taxation		(889,840)	(259,927)	(1,207,621)
Tax on loss		-	-	-
Loss from continuing operations		(889,840)	(259,927)	(1,207,621)
Loss for the financial year		(889,840)	(259,927)	(1,207,621)

Wishbone Gold PLC
Consolidated Statement of Financial Position
as at 30 June 2026
		Unaudited Six Months Ended 30 June 2026	Unaudited Six Months Ended 30 June 2025	Audited Year Ended 31 December 2025
		£	£	£
Current assets
Trade and other receivables		592,675	678,288	1,178,922
Cash and cash equivalents		3,140,810	825,981	3,397,895
		3,733,485	1,504,269	4,576,817
Non-current assets
Other intangible assets		11,025,332	5,877,914	8,023,553
		11,025,332	5,877,914	8,023,553
Total assets		14,758,817	7,382,183	12,600,370
Current liabilities		696,593	155,250	302,024
Equity
Share capital		37,972	5,181,545	30,227
Share premium		30,435,582	17,356,195	28,307,513
Share payment reserve		72,987	72,987	72,987
Translation Adjustment		(411,419)	(411,419)	(411,419)
Foreign exchange reserve		(323,663)	(1,060,674)	(841,567)
Accumulated losses		(15,749,235)	(13,911,701)	(14,859,395)
Total equity and liabilities		14,758,817	7,382,183	12,600,370

Wishbone Gold PLC
Consolidated Statement of Cash Flows
for the period 1 January 2026 to 30 June 2026
		Unaudited Six Months Ended 30 June 2026	Unaudited Six Months Ended 30 June 2025	Audited Year Ended 31 December 2025
		£	£	£
Cash flows from operating activities
Loss before tax		(889,840)	(259,927)	(1,207,621)
Reconciliation to cash generated from operations:
Foreign exchange (gain)/loss		36,775	(841)	33,106
Operating cash flow before changes in working capital		(853,065)	(260,768)	(1,174,515)
Decrease/(increase) in receivables		586,247	(619,159)	(1,119,793)
Increase/(decrease) in payables		394,569	(470,833)	(324,059)
Cash outflow from operations		127,751	(1,350,760)	(2,618,367)
Cash flows from investing activities
(Increase)/Decrease in Assets		(2,522,646)	79,779	(2,054,987)
Net cash flow from investing activities		(2,522,646)	79,779	(2,054,987)
Cash flows from financing activities
Issue of shares for cash		2,135,814	2,150,000	7,950,000
Net cash flow from financing activities		2,135,814	2,150,000	7,950,000
Effects of exchange rates on cash and cash equivalents		1,996	(177,933)	(3,646)
Net increase/(decrease) in cash		(257,085)	701,086	3,273,000
Cash at bank at 1 Jan		3,397,895	124,895	124,895
Cash at bank at period end		3,140,810	825,981	3,397,895

Note: The full year figures for the year ended 31 December 2025 are derived from the Company's statutory accounts for that period on which the auditors provided an unqualified report.

 

END