Member Info for LOTM-13

Glad to see a discussion on Red Setter finally starting to take place.

I'm not very good with IT stuff, so anyone using AI etc for clues needs to reference those documents & the WSBN RNS's for the AI to use the best data possible to give its answers, remember they've not drilled as deep as you might think!

It was good to see the AI picked-up on the CU grad as high as 2.27% even although it was only over a 1M interval, but there have been commercial grades of CU found in some of the holes, they just need to be over much thicker intervals.

Now which set of assay results are you looking forward to getting most from hole 25RSDD001 ?

The upper zone 520-570M or the Breccia Pipe 570M - 722M or the bottom zone 722M to 777M.

Personally I want to see those of the bottom zone !

LOTM

From https://wishbonegold.com/wp-content/uploads/2023/12/WSBN-RNS-231204-Mineralisation-over-3km-strike-at-Red-Setter-kmw2.pdf

Hole ID MGA E MGA N RL Dip Azimuth Final Depth

23RSRC001 399792 7586962 288 -70 210 300

23RSRC003A 399953 7587387 288 -60 200 270

LOTM

Hi news :)

Thanks for https://x.com/DavidLenigas/status/1957439967942058418

Ok a couple of things, the marking to the left, I'm not sure what they are, they could be the depth above or below sea level (or I could be completely wrong on that count). The hole is being drilled at an angle so the length of the hole does not mean its depth. I'd have to go back & find the RNS that shows the actual drill angles.

The new hole on that picture is going away from the centre of the dome structure not towards it!

The question you should have asked the Chairman & CEO is regarding Heritage Sites & have they already cleared everything around Red Setter with the appropriate authorities so that they can locate drill pads where ever they want them around the structure or not ? & when are we getting a presentation !

Because its pretty clear to me, that they now need to stop penny pinching & put the drill pads at the best locations possible to get the best data possible from them.

LOTM

Another fabulous day for APTA,

Imperiallondon, I do hope your right with your view on the topic.

Personally I was a little underwhelmed with the RNS simply because APTA were saying it was going to cut down on the R&D costs of its clients, yet it didn't seem as if it was going to make that big of a difference to APTA's bottom line. Yes its going to bring in more revenue but not huge numbers by the looks of it.

They maybe need to explain it a little better when they next get the opportunity to do so.

To show that even although this might be a FeeForService offering, that APTA still retains the full rights to the Optimer Library etc so that if eventually a new product is developed by the other party from it, APTA is able to negotiate royalties on it etc.

Obviously if that is the case then the FFS will potential bring to light new biomarkers much fast than would other wise have been the case & therefore make them potentially (serious money earners) much quick than would otherwise have been the case.

LOTM

Hi bandicoot,

There are a lot of similarities with Telfer ! including direction etc

People also need to look at the size of it, its not 3km in length, its multiples of that figure (anyone querying that just needs to look at the 12 holes that were previously drilled & compare that to the dome) it also shows you the feature they previously targeted & how small it is compared to the Dome.

LOTM

Hi Spartac,

Look at my posts in the WSBN thread, to see what i managed to uncover that the company hasn't highlighted to its shareholders yet!

They really need to produce a new PRESENTATION for there existing shareholders & potential new ones asap.

LOTM

After you've viewed the links in my previous post.

I would then strongly suggest you open & read this ...........

https://zenodo.org/records/13917889

Wish I were a geologist to fully understand it, but I'm not.

LOTM

Https://www.linkedin.com/posts/expertgeophysics_mobilemt-mobilemt-mobilemt-activity-7360852352725110785-o0lD

Contains images I've not seen in any of the WSBN RNS's !

https://media.licdn.com/dms/image/v2/D5622AQGMriKZPwUKxw/feedshare-shrink_2048_1536/B56ZicANfSG4A0-/0/1754963958347?e=2147483647&v=beta&t=jYPVi9mUnNezBX1xq1aXwlhNeP1p0_6lnPRRDm4lRBI

The last 2 images have been seen but not the 1st three !

image 3 for example highlights deep faults, within the dome structure. It was deep faults that provided the source of the mineralisation within the Telfer Dome!

Also look at the size of the Dome!

More later .....

LOTM

Thanks for the link onlyprofit,

Its of no real use to me, but it has made me go & doing some digging around & I've now discovered some new information that i believe is very useful!

More later

LOTM

Casper786,

WSBN have a lot of explaining to do to Shareholders & the best way of doing that would be to release a new presentation.

They need to show, what was originally targeted compared to what actually happened.

They expected to hit the Dome @ 550M they hit it at 520M.

They expected to finishing drilling hole 25RSDD001 at around 630M (that was 80M of Quartz-carbonate veining and sulphides of

chalcopyrite and pyrite) instead they hit 50M of that followed by a 152M Breccia Pipe, followed by another 55M Quartz-carbonate veining and sulphides of

chalcopyrite and pyrite) yet ended at 777M of length & still in mineralisation !

By all accounts they should have in hole 25RSDD001 hit the dome to the left (or south-west) of centre depending how you look at it, instead it appears they've somehow ended up hitting right (or south-east) of centre !

So the new hole is going to hopefully hit the centre of the dome !

Are they going to be drilling it via double shifts as soon as they've set surface casing at around 150M ?

Why didn't they extend hole 23RSRC003A before drilling the new one to get a 2nd reference point as to where the best location would be, or have they got the model so wrong that it wasn't going to hit the dome or only partially do so ?

A lot questions they need to answer !

Then are they assaying the 257M from the top down or doing the Breccia Pipe first or select intervals of interest !

LOTM

So much bickering going on here, that sadly that means no debate around what has & hasn't happened so far.

Hopefully the next RNS which is just as likely to arrive during the day given the Directors are in Perth & its only 3PM there, gives us a lot more detail.

Because if you look at the original plan for hole 23RSRC001 you would have seen it was due to hit the dome to the west of centre, yet Hole 2 is being drilled with it encountering the centre of the dome 50 - 75M to the south-west of hole 23RSRC001.

LOTM

I wonder how many here have taken the time to view this & then compare it to the outcome to date of hole 23RSRC001 ?

https://www.linkedin.com/posts/expertgeophysics_mobilemt-targetem-mtem-activity-7219179582761914368-LKEL

The plan for hole 23RSRC001 was to hopefully reach the top of the dome at 550M & then drill down to 630M (provided they were still in mineralisation at that point).

Instead they found the top of the dome (30M higher than expected) & at 570M they encountered a totally unexpected Breccia Pipe which covered 152M of the holes length. Once they existed the Breccia Pipe they were still in Quartz-carbonate veining and sulphides of chalcopyrite and pyrite for the next 55M of the hole when they ran out of drill rods.

That means at least 257M of potential mineralisation, against the pre-drill expectation of possibly just 80M.

Personally I'd love them to produce a presentation showing the pre-drill expectations of hole 23RSRC001 & how it was meant to encounter the dome & then show us how it turned out in reality. Then they can show us how the new hole is meant to encounter the dome in comparison & what its aims are in advance.

We need properly educated on what they are trying to achieve with each of the holes & then a revised outcome after the holes are complete.

LOTM

Another amazing day for APTA, long may it continue.

GLA

LOTM

Those who sold on the first rise at 1.67p or less are now regretting it very much, those who sold on the second bounce at 1.75p or less are also regretting it, as are those who took 1.80p when they could have easily gotten 1.85p+ with just a little patients & believe.

I suspect we'll see 2p today possibly 2.2p whether it holds that mark if it gets there is another matter.

GLA

LOTM

Remember it is only 2:33PM in Perth Australia - So plenty of opportunity for an in-day RNS rather than a 7am one - while all the directors are in that location, or at Red Setter for that matter. So don't get caught out by that happening.

The big question is are they going to assay from 520M downwards or are they going to start with the Breccia Pipe at 570M or are they going to take various samples across the 3 area's to start with ?

257M of core to assay is a lot to do, so results are likely to come in batches!

GLA

LOTM

Hi Flightman,

I've had a look into all this "fund raising" talk that some posters are pushing here as part of their agenda's.

The company raised £1.75M in June at 0.13p a share, which has increased the total number of shares in issue to 2,594,894,153 .

The company website show's the various shareholdings at 20th June when there were 2,364,124,923 shares in issue ! (this is because the directors couldn't take up there share of the placing until WSBN's closed period was over. They had subscribed for £300,000 in that placing).

Richard Poulden (1) 27,799,471 1.18%

Jonathan Harrison (2) 1,974,782 0.08%

Michael Mainelli (3) 1,855,101 0.08%

Richard Poulden is deemed to be interested in 7,712,890 Ordinary Shares held in his own name and in trusts for the benefit of his family. He is also deemed to be interested in 20,086,581 shares held by the Black Swan Group of which he is Chairman.

Jonathan Harrison is deemed to be interested in 1,974,782 Ordinary Shares referred to above as follows:

a) 50,928 Ordinary Shares held in his own name; and

b) 1,923,854 Ordinary Shares held by Easy Business Consulting Ltd, a company controlled by Jonathan Harrison and owned by Jonathan Harrison and his wife.

1,855,101 Ordinary Shares are held for The Z/ Yen Employee Benefits Trust. Michael Mainelli is a director of Z/Yen Group Limited and a potential beneficiary of The Z/Yen Group Employee Benefits Trust.

Major Shareholders

The Company is aware of the following shareholders who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company:

Name Number of Shares Held % of enlarged issued share capital

Global Investment Strategy UK Limited 693,846,154 29.35%

All the other big holdings are basically nominee's for small shareholders like, HL & ii (there clients both owned just over 10% of the company each).

On 3rd July the directors were allocated their shares 230,769,230.

Richard Poulden = 104,722,547 = 4.04%

Jack Sun = 76,923,077 = 2.96%

Edward Mead = 76,923,077 = 2.96%

Richard Poulden is deemed to be interested in 84,635,966 Ordinary Shares held in his own name and in trusts for the benefit of his family. He is also deemed to be interested in 20,086,581 shares held by the Black Swan Group of which he is Chairman.

In other words the Directors now have a lot of skin in the game (@10% compared to 1.34% previously), so they are not going to dilute themselves needlessly & thus their interests are now totally aligned with those of retail investors.

LOTM

Hi Flightman,

Some follow-on information from my last post after a bit more digging around.

Hole 23RSRC001 was drilled to a depth of 300M previously. The RNS from 21st July shows a Rig picture from the afternoon of 19th July & casing had been run to near the bottom of the hole. There is no actual start date for the drilling, so lets go with 23rd July.

The RNS from 11th August had Rig pictures from the morning of 8th Aug in it, but it doesn't give an actual depth at that time & they don't mention Breccia pipe in that RNS, so I presume they didn't actually know they had encountered one at that point in time & we do see actual core from 570.4M depth, so given all of that lets say they had reached a depth of 580M early on 8th Aug. There target depth for the hole in the RNS was 630M !

That's 16 days of drilling to do 280M (or under 20M a day on 1 workshift)

The 18th Aug RNS actually states there at 700M depth & that they have now set a new target depth of 750M having clearly got it wrong with the extent of the discovery & having realised they had a Breccia Pipe within it as well.

Lets say the 700M mark was reached on 15th Aug, so that would be another 120M in 7 days, again that's under 20M per day, (or if we take 23rd July to 15th Aug = 23 days & 400M covered again just under 20M per day on average).

Yet just 3 days later 21st RNS say's they reached 777M & decided to call it a day, that would indicate 77M covered in just 3 days! when it should be taking a bit longer because of the increased depth for each core removal. So there is a nagging timegap to account for.

The new hole has now been collared & they want to drill carefully to around 150M before setting surface casing. They need to do it right so it might take them a week to get there & set the casing (30th Aug) then if they go onto double shifts they should be doing roughly 40M a day from there, so that would take them until 10th Sept to hit the dome & reach 550M (or 20th Sept on single shifts) then another 5 days to get through the Breccia Pipe & reach 750M then its a case a seeing just how deep this actually goes.

Whatever results are gotten from Hole 23RSRC001 - I'm 99% certain they won't be the best ones encountered at Red Setter, the new hole is much more likely to give investors an indication of what to expect from Red Setter.

Given they have 257M of core to assay, I expect the results to be released in batches & it will be interesting to see the difference in the numbers between inside & outside the Breccia Pipe.

LOTM

Hi Eachtotheirown,

https://www.share-talk.com/zak-mir-talks-to-howard-white-interim-chairman-hydrogen-utopia-international/

That explains things about 100 times better than the RNS did.

LOTM

Hi Flightman :)

I hope you are well now?

There is no JORC for Red Setter, exploration work has barely began, but don't let that put you off the opportunity here.

Something like 12 holes were drilled previously ( use this to start your research https://wishbonegold.com/projects/red-setter/#projectnews). these holes were drilled at the original anomaly they were targeting, as you'll see they got a few shallow finds some a mixture of AU & CU. Then they had a Mobile Magnetotellurics Survey (“MobileMT”) data conducted by Expert Geophysics Limited (“EGL”) which revealed a Dome structure to the south west of where they had been drilling.

https://www.linkedin.com/posts/expertgeophysics_mobilemt-targetem-mtem-activity-7219179582761914368-LKEL

https://www.linkedin.com/posts/expertgeophysics_mobilemt-airbornegeophysics-minearlexploration-activity-7214103758719397888-IO1E

This gave the project a new dimension.

https://wishbonegold.com/wp-content/uploads/2024/10/WSBN-RNSR-241029-Presentation-of-Findings-at-Red-Setter-94mh.pdf (note the Telfer Dome on page 2)

So they decided to deepen 2 of the earlier holes (that were drilled in the direction required to get down) to the new target depth of 550M where they expected to hit the target, this was partly to save the cost of drilling new holes & preparing new drill pads etc.

They then started to deepen the 1st hole & hit the top of the target at @ 520M & as they drilled deeper they also hit a Breccia Pipe from 570M to 722M (152M) & were still in the 257m zone of Quartz-carbonate veining and sulphides when they stopped at 777M. They hadn't planned to go that deep, I kind of get the impression they thought the hole might stretch to 650-675M max given the amount of drill-pipe the contractor took to site & I don't think they were expecting to hit a Breccia Pipe either.

They have now started to drill a brand new hole that should hit the target 75M to the South West of that hole at a depth of 550M & the gap between them will then grow as it goes deeper because of the drilling angles. The first hole is sub-optimal but has given them a good idea of where the centre of the dome is located (hence the new hole) & the desire to potentially drill to at least 1000M if needed !

""It is outstanding to see the emergence of this mineralised breccia pipe and see the intensity of brecciation and the amount of quartz-carbonate

veining and sulphides. This is a fantastic outcome as brecciation typifies a style of gold and copper mineralisation seen at both the nearby Telfer and Havieron deposits"

LOTM

Manifesto,

They clearly have enough funds to at least drill this brand new hole (they have just started it) at Red Setter into the centre of the dome & deepen the 777M hole further & deepen the other hole that they had originally planned to do.

Now the 1st hole has turned out to be way better than they expected & it still hasn't found the end of the potential mineralisation (hence why they want to now be able to drill it to over 1,000M but don't have enough drill pipe to do so ). Crucially it also seems to have given them a very good guide as to where they should drill to hit the centre of the dome, which is the most likely spot to have the best ore mineralisation results. So whatever is found in the current hole, they would expect the brand new hole to have far better grades when its complete (unless of course they've interpreted the dome incorrectly).

If that turns out to be correct then the results of that hole alone would drive the share price higher, allowing them to raise funds for a few more step out holes. The current drilling campaign is costing under £1M, a 10% placing even at the current share price would get them nearly £4M & if they have good assay results from it over most of 200M length, the share price would be even higher so less dilution.

Clearly there is excitement from those visibly seeing the core's as they come out, not to mention the length of it, this seems to have created a lot of "noice" around this drill core from the newspapers etc & these meetings in Perth !

LOTM