Accounts6 Jun 2019 12:58
What Wishbone owns:
The group holds four large scale exploration licences in North Queensland covering over 34,000 acres in an area known for significant mineralisation. These operations include the Wishbone II, II and IV licences and the White Mountain project.
In Honduras, Wishbone has a joint venture with Sion Honduras SA for gold production in the area.
In Thailand, a new entity, Asian Commerce and Commodities Trading (ACCT), has been set up as a joint venture between Wishbone and a local Thai partner with connections to the royal family. This puts the trading element in the country firmly in place.
The group owns Precious Metals International Ltd and its wholly-owned subsidiary Black Sand FZE.
Based in Dubai, Black Sand FZE trades precious metals and provides capital investments to small and medium scale mines to help improve their cash flow and increase production. The business currently operates in Columbia, Honduras, Chile and Peru.