New Tenement applications in Western Australia
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) 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
|
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.
END
For further information, please contact:
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Wishbone Gold PLC |
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Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
|
|
|
|
Beaumont Cornish Limited |
|
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(Nominated Adviser and AQUIS Exchange Corporate Adviser) |
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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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