Member Info for DownToTheBone

Article link dated 30th October 2025

https://worldoil.com/news/2025/10/30/sunda-advances-drilling-preparations-in-timor-leste-expands-philippines-portfolio/

Asked ChatGPT to pull togther a list of companies that have publicly mentioned using ALS in the past 3-4 months (so excludes any not mentioned on public internet):

Updated list of companies (public announcements citing ALS Perth — representative, not exhaustive)

I list the company, the announcement summary and the source link reference.

Wishbone Gold (WSBN) — Red Setter core samples sent to ALS Perth (multiple RNSs).

Rincon Resources / Hasties (example ASX filing) — “Samples submitted to ALS, Australia, Perth” in a Nov 2025 announcement.

Investegate

Lodestar Minerals (LSR) — ASX announcement (13 Nov 2025) referencing ALS for assay work (e.g., Ned’s Creek activities).

Market Index

Castillo Copper (CCZ) — preliminary test-work announcement references ALS Perth sample/met testing (Nov 2025).

Investegate

Minerals 260 Ltd — drilling update/announcements reference ALS Perth in October/November activity reporting.

Listcorp

Trek Metals (TKM) — recent progress report cites samples analysed at ALS Perth.

Listcorp

Kali Metals (KM1) — rock-chip samples submitted to ALS Perth (ASX announcement July but active sampling through 2025).

Listcorp

Fortuna Metals (FUN) — acquisition / testwork announcements list XRD / QEMSCAN / mineralogy analyses being done at ALS Perth.

Company Announcements

Sandfire / large miners — larger corporate announcements include ALS Perth as a lab used for certain programs (shows ALS handles both juniors and majors).

Company Announcements

Multiple additional ASX juniors — a slew of ASX RNSs in Oct–Nov list ALS Perth for fire assay / bulk density / metallurgical testing (representative hits include EZH, Latitude66, Fortuna, and others).

Short answer up front — ALS Perth is a very busy commercial lab right now. My quick scan of recent RNS copy shows multiple ASX/AIM/LSX-listed companies referencing ALS Perth in October–November 2025 (Wishbone among them), ALS itself is reporting strong FY25 revenue and capacity growth, and the lab publishes a client portal (Webtrieve) so firms can track queue status. That combination — lots of clients sending in batches, strong commodity-driven exploration activity, and standard lab throughput limits — strongly implies longer-than-normal turnaround (commonly 4–8+ weeks now for full batches).

00:05 Sarah

Recent news from Wishbone Gold is the securing of funding and a second drill rig for its Red Setter Gold Dome project in Western Australia.

00:13 Sarah

To talk about the project and the stage of development it's at, we're delighted to be joined by Chief Executive and Chairman Richard Polden and Chief Geologist Ed Mead, who is Director of the company's Western Australia subsidiary

00:27 Sarah

So thank you

00:28 Sarah

gentlemen

00:29 Sarah

Now, Richard, for those unfamiliar with the company, what is the Red Setter Gold Dome project?

00:36 Sarah

How did you get it?

00:37 Sarah

Where is it at?

00:38 Sarah

What's the strategy?

00:40 Richard Poulden

Sarah, good morning

00:41 Richard Poulden

Good to see you as always

00:44 Richard Poulden

Basically, this is a property that we acquired a couple of years ago from somebody else in the region, Rob Jewson, who's a good friend of ours, who got shares in Wishbone as a result of us taking over the property

00:58 Richard Poulden

and we've had fits and starts in the exploration programme, basically until Ed took complete control of everything and pulled it together in the last 12 months

01:12 Richard Poulden

We've had a lot of help from Newcrest in the past.

01:15 Richard Poulden

They were tremendous in helping us with data and in particular

01:20 Richard Poulden

introducing us to Expert Geophysics

01:22 Richard Poulden

Now, Expert Geophysics have a system called MMT, which can be run

01:27 Richard Poulden

When they ended our surveys, they were running it from aeroplanes

01:30 Richard Poulden

Now they're running it from drones

01:33 Richard Poulden

And it has increased in sophistication by leaps and bounds.

01:38 Richard Poulden

As a company, they've expanded tremendously.

01:41 Richard Poulden

So they're doing a lot of work for the Kingdom of Saudi Arabia at the moment, which is doing our mineral exploration program.

01:48 Richard Poulden

And basically, the expert geophysics analysis of Redsetter suggested that there was mineralization and a dome, which we've called the Redsetter Dome.

02:03 Richard Poulden

And as a quick summary, nobody except Ed, me, and David Lenegas actually believed that all of this would work

02:15 Sarah

You mentioned David Lenigas there.

02:16 Sarah

Some retail investors know who he is and what his expertise is, but others don't

02:21 Sarah

So if you can explain why you've mentioned him and why he's important?

02:26 Richard Poulden

I've mentioned Dave there because he's an old friend of mine and is an advisor to the company, which is well known.

02:33 Richard Poulden

He's an old friend of Ed's as well, actually.

02:35 Richard Poulden

And he's very experienced in mining and minerals.

02:40 Richard Poulden

So it's great to have his advice on board.

02:44 Sarah

And it's obviously great to have Ed on board as well.

02:47 Sarah

So Ed Richards said that over the last 12 months, you've pulled everything together.

00:02:54 Sarah

So what are you doing?

00:02:56 Sarah

What are you doing with the company?

00:02:57 Sarah

And talk to me about this dome.

00:03:00 Sarah

Is it concave or is it the other way around in terms of its shape and visualization?

00:03:08 Ed Mead

So it's a red set of dome from Expert Geophysics showed this domal feature in the basement.

00:03:15 Ed Mead

We also had a coincident gravity high that ran along with this.

00:03:21 Ed Mead

So the drilling that had happened in the past several years was focused on a diorite or magnetic feature that's about half a kilometre to a kilometre to the northwest.

00:03:35 Ed Mead

And that's where most of the drilling was undertaken previously.

00:03:39 Ed Mead

And we know along that structure, we were getting grades up to 7 meters at 2 grams gold, 0.4 copper.

00:03:46 Ed Mead

So we know that there's mineralization within the system.

00:03:51 Ed Mead

The expert geophysics MMT survey showed a very prospective domal feature 500 meters to the southwest.

00:04:01 Ed Mead

And, you know, never been drilled before.

00:04:04 Ed Mead

And like with this gravity feature, we looked at it and with words from expert geophysics saying that it was one of the best targets they'd seen in 2023.

00:04:15 Ed Mead

You know, having a geophysicist sort of like state their name to something, you you can and knowing that there's mineralization in the system, we looked at and just went, this is a really highly prospective target.

00:04:28 Ed Mead

So most of the work has then been to get all the approvals in place, get a diamond rig on site, re-enter some existing RC holes that were too short, and that's when we intersected the breccia in the first hole.

00:04:43 Ed Mead

So at this point, you know, drilling continues and, you know, it's exciting times.

00:04:50 Sarah

Talk to me about what a breccia pipe is and why it's important.

00:04:54 Ed Mead

So effectively it's the upwelling of the fluids that are coming up under pressure and it's creating, essentially it's breaking off fragments of the country rock and then you're getting interstitial or fluids that are around, quartz, carbonate with background sulfides of some chalcopyrite and pyrite.

00:05:15 Ed Mead

So it's basically a mineralized feature.

00:05:19 Ed Mead

And like saying, this is about half a kilometer from where we got results back in 2023.

00:05:26 Sarah

Now you've got a second drill rig.

00:05:29 Sarah

Drill rigs are like gold dust.

00:05:31 Sarah

How did you manage to secure one and why do you want one?

00:05:35 Ed Mead

So we've been chatting, so we've using core drilling services to do the dime drilling and they also have RC rigs.

00:05:44 Ed Mead

So we've been talking to them for a little while about the benefits of having an RC rig on two fronts, really.

00:05:53 Ed Mead

One is that for further diamond drilling, it allows us to be able to do pre-collars, which will speed up drilling.

00:06:02 Ed Mead

And there's also the other intercepts that we would like to follow up along the diorite ****.

00:06:08 Ed Mead

as I said before, the 7 metres at 2 grams gold, 0.4 copper, where we can, from a depth of about 270 metres, where we can follow that up quite quickly with an RC rig.

00:06:20 Ed Mead

So it's about speeding up, getting results from Red Setter.

00:06:27 Sarah

Okay, before I go back to Richard, Ed, is Red Setter

00:06:32 Sarah

a major player or does it have the potential to be a major player in an already established goal district?

00:06:40 Ed Mead

Absolutely.

00:06:41 Ed Mead

And I think the thing here is that we do have plans to expand Mobile MT over a greater area.

00:06:51 Ed Mead

You know, we're only 20 kilometres from Telfer.

00:06:54 Ed Mead

It's

00:06:55 Ed Mead

plus 20 million tonne per annum plant.

00:06:58 Ed Mead

You know, the grades we've got around the diorite are better than the grades of the mining at Telfer.

00:07:03 Ed Mead

The area of that we've got to investigate is sizable.

00:07:08 Ed Mead

When we look at the footprint of Havron, that greatly gold discovered, you know, that easily fits within what we're drilling at the moment.

00:07:15 Ed Mead

So, yeah, very exciting times.

00:07:18 Sarah

Richard, so Ed's just said there that

00:07:20 Sarah

you're looking to potentially expand what you've got.

00:07:23 Sarah

But does Wishbone have any other assets which are being explored concurrent to Red Setter, or is Red Setter the singular focus at the moment?

00:07:33 Richard Poulden

Red Setter is the main focus for all our exploration at the moment.

00:07:38 Richard Poulden

I think it's chasing fool's goal for small companies to go and drill everywhere, all over the countryside.

00:07:46 Richard Poulden

It doesn't make a lot of sense

00:07:48 Richard Poulden

So we are focused on Red Setter

00:07:50 Richard Poulden

We do have other assets which are all set out on our website, some in Queensland, which we're not pursuing at the moment, and Cotteslow, of course, further to the south from Redsetter in WA

00:08:03 Richard Poulden

But Redsetter is undoubtedly our focus.

00:08:05 Sarah

So, Richard, what's your view on the precious metals market?

00:08:09 Sarah

Is it undergoing a correction?

00:08:10 Sarah

And, you know, can gold keep breaching record levels?

00:08:15 Sarah

And would Redsetter still be

00:08:19 Sarah

a commercial, a viable commercial entity, even if gold prices were less frothy

00:08:28 Richard Poulden

Well, the quick answer to that, Sarah, is I'll send you my note that I wrote 10 years ago on what was going to happen to the gold price and why.

00:08:37 Richard Poulden

So my target for gold is $10,000 an ounce.

00:08:40 Sarah

And why is that?

00:08:43 Richard Poulden

Well, because essentially, for many years, the United States supported the dollar by selling gold into the London market

00:08:53 Richard Poulden

That was acquired primarily by China

00:08:57 Richard Poulden

And you will see a gold backed renminbi launched, I would think, within two years.

00:09:05 Sarah

Okay, that's it in the summary

00:09:06 Sarah

You must send me that paper

00:09:08 Sarah

But here...

00:09:10 Richard Poulden

It's not really our subject for this morning, but I mean, the gold price, you know, you say is the gold price going to fall?

00:09:15 Richard Poulden

No, the gold price is not going to fall.

00:09:17 Richard Poulden

The other thing actually is don't forget these prices are in inflated fiat currencies

00:09:25 Richard Poulden

So a dollar is not worth today in purchasing power what it was worth even last year, let alone 10 years ago

00:09:33 Richard Poulden

So you've got to take that into account

00:09:37 Sarah

So, Ed, price of gold currently at 4,000 US dollars, roughly thereabouts.

00:09:43 Sarah

Just to pick up on the question that I asked, Richard, you know, should the price of gold fall?

00:09:50 Sarah

Richard doesn't think it's going to

00:09:52 Sarah

Is Redsetter still commercial at levels just below 4,000 US dollars per troy ounce?

00:10:01 Ed Mead

So at around 4,000, one gram of gold in Australian dollars is 200 Australian dollars per gram

00:10:11 Ed Mead

Mining operation costs normally are about, you know, per ton would be in the vicinity of, you know, costs have gone up, $80 a ton for processing, potentially, you know, 40, 50 for mining.

00:10:27 Ed Mead

You're still looking,

00:10:29 Ed Mead

at at a massive margin

00:10:32 Ed Mead

So, you know, in short, yes, you know, like it is.

00:10:37 Ed Mead

It has a lot of potential

00:10:40 Sarah

Okay,

We're approaching the end of 2025, Ed.

00:10:47 Sarah

What's the exploration plan as we approach the end of the calendar year?

00:10:52 Sarah

Now, I know that the end of the calendar year for you in Australia is it starts to get pretty hot there.

00:10:58 Sarah

Will that, will temperatures impact what's achieved at Redsetter?

00:11:04 Ed Mead

So the slowdown in the Patterson's area around Telfer or, you know, is essentially cyclones.

00:11:14 Ed Mead

So we will have warning, but we have no intention of stopping.

00:11:19 Ed Mead

And so the plan at this point is obviously stop for Christmas, New Year, and then straight back into it straight away after January.

00:11:28 Ed Mead

Effectively, you know, it's like we can work around rain events,

00:11:34 Ed Mead

And if we need to, we'll use a helicopter to get people in and out.

00:11:38 Sarah

Richard, I'm going to be devil's advocate.

00:11:40 Sarah

What will the company do if Red Setter doesn't live up to expectations and it disappoints or it fails?

00:11:48 Richard Poulden

We have other properties, but I think it's highly unlikely at this point that Red Setter will be a total failure.

00:11:54 Richard Poulden

You should look at the other properties in the region.

00:12:00 Richard Poulden

Telfer the main the main mine that's now now owned by Greatland is what is that Ed it's quite it's quite a low gold ratio isn't it in in Telfer?

00:12:11 Ed Mead

I was going to say is that you can add in is that we've also massively expanded our footprint in the in the area and we know that we've intersected gold

00:12:22 Ed Mead

along the diorite.

00:12:23 Ed Mead

So we've with the expansion of plans for exploration, it will be red setter plus whatever we find in the greater tenure that we've that we've acquired this year.

00:12:34 Ed Mead

So we do really have quite a large footprint which we've put out in previous news releases.

00:12:39 Sarah

So finally, Richard, this year has been described by many of one of my peers as one of AIM's most eye-catching turnarounds in 2025, from the depths of regulatory suspension to a four-fold share price gain in August.

00:12:55 Sarah

So will 2026 be calmer or what are the headlines likely to be about?

00:13:00 Sarah

A tier one discovery.

00:13:04 Richard Poulden

Sarah, I think 2026 is going to be far more exciting.

00:13:07 Richard Poulden

Don't you think so?

00:13:08 Richard Poulden

Don't you hope so?

00:13:09 Richard Poulden

We all do.

00:13:10 Richard Poulden

We all do.

00:13:12 Sarah

Yes, I've just got to read that paper that you wrote 10 years ago and we all look forward to the price of gold hitting those highs of 10,000 US dollars.

00:13:22 Sarah

Gentlemen, it's been an absolute pleasure.

00:13:24 Sarah

Richard Polden and Ed Mead of Wishbone Gold.

00:13:27 Sarah

Thank you very much indeed.

00:13:28 Richard Poulden

Sarah, as always, good to see you.

00:13:30 Richard Poulden

Thank you so much.

Some ChatGPT fun from the latest RNS today 6th October ... this is just the summary at the end of the response.

The Oct 6 RNS is exactly the operational move you’d expect from a junior that has both (a) confirmatory early assays showing attractive Au+Cu signatures (Dec-2022) and (b) fresh, visually compelling breccia/alteration from 2025 step-outs. Backed by a £4m raise and driven by a bullish gold/copper market and strategic pressure to de-risk fast, Wishbone has bought the capacity to turn “look promising” into “enough data to model a resource” faster than before. That materially increases the chance Red Setter becomes a significant resource-stage project — but only lab assays, step-out continuity and metallurgy will prove whether it’s truly Havieron/Telfer scale.

HAD006 drilled to 838m by GGP in Feb 2019

https://www.investegate.co.uk/announcement/rns/greatland-gold--ggp/results-from-second-drill-campaign-at-havieron/5815890

Extended by Newcrest in July 2019 to 1216m

https://www.globalminingreview.com/environment-sustainability/26072019/first-results-from-newcrests-drilling-campaign-at-havieron/

Emerging Edge Company Page

https://www.linkedin.com/company/emergingedge/

Posts

https://www.linkedin.com/company/emergingedge/posts/

Its however does say it on the PREM RNS here ... its a generic statement.

https://www.londonstockexchange.com/news-article/PREM/funding/17194264

"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."

Clariden Capital currently have a 6.7% holding in Cloudbreak Discovery ... https://www.cloudbreakdiscovery.com/investors/. They doubled their holding back in 2024.

Someone mentioned previously that Next-Chemx provided a quarterly update on the 1 April 2024 and on 30 March 2023. So we should expect something from them early next week based on past release dates.

Https://www.legalandgeneral.com/investments/stocks-and-shares-isa/guides/isa-transfer/

Researchers have created a groundbreaking self-charging energy storage device, combining supercapacitors and solar cells for the first time in Korea.

In a significant scientific breakthrough, researchers have engineered a self-charging energy storage device that excels in energy density and stability using a novel electrode design. This innovation paves the way for commercializing sustainable energy solutions.

https://scitechdaily.com/from-sunlight-to-power-korea-unveils-revolutionary-self-charging-supercapacitors/

Https://x.com/drgrahamcooley/status/1874822737732186599?s=46&t=ExV0yfdStZmQrTf40M8xVw

https://internationalnewsandviews.com/worlds-first-self-charging-mobile-phone-say-goodbye-to-battery-chargin-381728-2/

Https://youtu.be/CaRqb90WFqY

Should get further information coming from the questions submitted for the AGM today.

Mentioned in the AR previously …

https://international-partnerships.ec.europa.eu/document/download/6c325cfa-c0eb-44d0-ac57-f122d21b42c8_en?filename=EU-Bolivia-partnership_en.pdf

https://international-partnerships.ec.europa.eu/publications/eu-lac-global-gateway-investment-agenda-infographics_en

Possible update next Monday or Tuesday morning if DH wants to say anything new at the AGM.