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WSBN off to a flyer this morning 🔥 Already up near 10% and the book looks stacked – buyers piling in and 6m sitting on the ask side. You can see the appetite here, people don’t want to miss what could be brewing at Red Setter.

We’re fully funded, drills turning, assays on the way – and this is still only just above placing price. The risk/reward here is insane. If the grades back up what the visuals are already showing, today’s 1.4–1.5p range will look dirt cheap. Exciting days ahead 🚀

The way I see it, WSBN is still sitting on a tiny market cap for what could be a massive discovery. If assays back up the visuals from Red Setter, I don’t think 2–3p is a stretch at all in the short term just on sentiment alone. We’ve all seen how fast this moves when buyers pile in, and that was before the drill results.

Looking further out, if the system keeps delivering and they prove up real scale, 5p+ isn’t unrealistic. And if it ever gets anywhere close to a Telfer-style deposit, you’re talking serious rerating potential into double digits. Of course, assays are the key risk, but that’s why the upside here is so exciting – the risk/reward is stacked heavily to the bulls right no

To RNS stating some of the Jam tomorrow or DL digs deep or over

A sickening experience tbh

Hold tight guys

Spot on Casper 👏 – the beauty here is the scale. WSBN has already proved it can move fast on news, and that was before assays. If grades confirm what we’re seeing in core, this won’t just creep up, it’ll rerate in steps exactly like you said – 2p, 3p, 5p, and beyond.

Market cap is still tiny compared to the potential sitting at Red Setter. Next door to Telfer, fully funded, drilling flat out – feels like we’re sat on something that could snowball very quickly 🚀

Now that ramp had class Casp 😂

What a buy !!!!

When’s the next news ?

Been distracted for a while

Our cousins at geo on the move

God bless Western Australia

The 10% will be crying in there beer as current levels and all the unnecessary debate will end and the will Fly

The nod was all in the last RNS , Casper ( Hi ) and the knowledgeably are chilling , waiting and expecting.

Turning Blue Soon imo

RE: Key 100% owned27 Aug 2025 18:37

Critically, gold was already found in Sept 2024 - they just needed to drill closer to source and deeper - running the drill program on a double shift basis - funds gained allow further drills to be prosecuted at this critical time.

RNS April 25

"The latest interpretation of all the data from site and the geophysical data generated from the Mobile Magnetotellurics Survey ("MobileMT") conducted by EGL last year showed that the main dome target at Red Setter remains completely untested and untouched by drilling. The main drill target is about 200m deeper than previous drilling "

"5m at 1.2g/t Au and 0.002% Cu from 319m (WRSDD0015)

7m at 2g/t Au and 0.38% Cu from 273m (WRSDD0008)

18m @ 0.49g/t AU - (WRSDD0015)

"These results are still significant and require further follow-up as they have similar characteristics to the nearby Telfer Gold Mine, where GGP recently reported a Mineral Resource Estimate of 154Mt @ 0.64g/t gold "

"The veining is similar to the ore at Telfer where the combination of bedding concordant reef veins and discordant veins have produced a very large gold copper system (>30Moz). The extensive zone of hydrothermal activity including wide zones of vein stockworks is highly encouraging. "

Highly encouraging results were already established in 2024

Then latest drill results to 777m depth, RNS Aug 21:

"From 570m to 722m an interval of 152m a breccia pipe was intersected, with quartz-carbonate veining and sulphides of chalcopyrite and pyrite observed to end of hole "

Ed Mead, Wishbone Gold WA director, commented:

"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."

- Gold is already found

- Drilling now evaluating highest potential breccia mineralisation area - plan to go deeper towards 1000m

- Step out drills will delineate the pipe towards understanding overall scale of resource

Geologie über alles

Hi Tilburn long time no see.

Listen to this man people

Some talk about churn/forward selling from the placing, but I really don’t see it being a big deal here. The raise was only at 1.25p – barely a discount – so anyone forward selling is taking on serious risk if assays land well. And with the amount of volume flying around lately, if a few shares have been flipped early, the market is clearly soaking them up.

At the end of the day, this wasn’t a survival raise, it was done to accelerate drilling at Red Setter. That’s the difference – the placing investors know the upside potential, which is why they came in tight to market price. A bit of churn around 2 Sept when the new shares admit is normal, but with buying pressure building and assays still to come, I think it’ll get swallowed fast.

Bigger picture >>> tiny flip trades. Fully funded, drilling harder and deeper, sitting next door to Telfer… if visuals turn into grades, this will rerate hard imo

Really bullish on WSBN right now. Today’s RNS is massive – 152m breccia zone within 257m of quartz veining and sulphides is no small find. That’s serious scale, not just a thin vein. Add in visible chalcopyrite/pyrite and the fact this sits right by Newmont’s Telfer mine, and the potential here is huge.

Ed Mead sounds confident too – already talking about running a double shift on the drills. They wouldn’t do that unless they thought they were onto something big. At just over 1.6p this feels ridiculously cheap for what could easily turn into a major discovery.

Assays still to come, but I’m holding tight. This could be the start of a proper rerate. 🚀

Fook me

This new RNS is actually very bullish in my view. Here’s why:

✅ £1.5m Raise Completed

• They’ve raised the money at 1.25p per share, only a small discount to the current price. That shows confidence from investors and demand for the stock.

• Importantly, this raise wasn’t done out of desperation – it’s to expand drilling at Red Setter.

✅ Fully Funded Drilling Expansion

• The proceeds will directly accelerate exploration at the 100% owned Red Setter project, right next to Newmont’s world-class Telfer mine.

• Management have been clear: this is about scaling up drilling, not just ticking over. More rigs and potentially more drill shifts = faster results.

✅ Smart FX Advantage

• Richard Poulden (Chairman) highlights that the strong GBP vs AUD means the cash goes further in Australia – effectively £1.5m equates to A$3.1m for drilling. More bang for every pound raised.

✅ Strong Sign of Confidence

• Raising quickly after releasing the breccia interval RNS suggests management knows they’re onto something. Institutions/backers wouldn’t put money in unless they saw the same upside potential.

• With assays still pending, having cash secured takes away any funding worries and lets the company go full throttle.

🚀 Bottom line:

This isn’t dilution for survival, it’s growth capital. With fresh funds, ongoing strong drilling results, and assays still to come, WSBN is positioning itself for a serious run. Market cap still tiny versus the scale of the opportunity. For me this strengthens the bull case massively.

Selling easy buying impossible

Get it !!!

CDL still looks like it’s got plenty of room to run. The Darlot West project has just been expanded fivefold to over 60km², sitting only 10km from the 2.8Moz Darlot Mine. That’s prime ground in one of the best gold belts in WA. Early samples have already come back with grades over 28g/t, which is very high for this stage.

What makes this special is the combination of scale, location, and proven geology. Most juniors don’t get ground this close to an existing mine with results like that. If drilling confirms it, CDL could be sitting on something much bigger than the market is pricing in right now.

BB that’s really amazing man keep puffing away yeh lol