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Expansion of drill program at Red Setter

6 Oct 2025 07:00

RNS Number : 1692C
Wishbone Gold PLC
06 October 2025
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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

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6 October 2025

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Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

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Β Expansion of drill program at Red Setter Gold Dome Project

in Western Australia

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Reverse Circulation to start third week of October

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Wishbone Gold Plc is pleased to announce that, as part of the exploration expansion being funded by the recent Β£4 million raise, a second drill rig from Core Drilling Services ("Core") has been secured for the Company's Red Setter Gold Dome Project, in Western Australia (Figure 2).

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The Reverse Circulation ("RC") drill rig will complement the diamond drill rig Core have on site. With its pre-collars which are able to generate more target angles and additional water bores which will supply water for double shift diamond drilling, this now gives Wishbone the ability to target shallower copper gold potential intercepts.

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The RC rig has been contracted for an initial 5,000m of drilling. The Schramm T685i (DR21) is a high-capacity, truck-mounted RC rig with 35 tonne pullback, 45Β°-90Β° mast, and hands-free rod handling. Capable of drilling to 700m+, it delivers safe, efficient, and reliable RC samples in challenging ground (Figure 1).

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Ed Mead, Wishbone Gold WA director, commented: "The addition of this large Reverse Circulation drill rig will speed up getting to target on future drill holes at Red Setter as the diamond drill rig will now not have to core through the overburden which is a very time consuming component of the current deep diamond drilling program. Having both drill rigs on site will also create efficiencies for Core's provision of drilling services at Red Setter and will thus be an integral part of the overall expanded drilling programme we intend to undertake with the recent additional raise. The RC rig will be tasked with pre collars for diamond tail, water bores and following up on the extensive shallower gold mineralisation reported during the 2023 drill programs, where gold and copper mineralisation was intersected at depths starting from 117m down-hole. I look forward to presenting further updates on progress shortly. Drilling continues in the current #25RSDD001 diamond hole and we are able to drill the current hole to a depth of around 1,000m if needed."

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Β Figure 1: Core Drilling Schramm T685i (DR21), and support equipment for the Red Setter project

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Figure 2: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine.

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END

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For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com.

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For further information, please contact:

Wishbone Gold PLC

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Richard Poulden, Chairman

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Tel: +971 4 584 6284

Beaumont Cornish Limited

(Nominated Adviser and AQUIS Exchange Corporate Adviser)

Roland Cornish/Rosalind Hill Abrahams

Tel: +44 20 7628 3396

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Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

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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 director of Wishbone Gold WA Pty Ltd and is a consultant to Wishbone Gold Plc 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.

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Date   Source Headline
11th Jun 20267:18 amRNS-RRed Setter Gold-Copper Project Update
26th May 20267:00 amRNSCompletion of Purchase of the Silver Lake Project
22nd Apr 20267:00 amRNSInstitutional Fundraise of £1.1 million and TVR
20th Apr 20267:00 amRNS-RDrill Rig Mobilising to Red Setter Project
9th Apr 20267:00 amRNSProposed Acquisition of Silver Lake Project, W.A.
16th Mar 20267:00 amRNSGold–Copper Mineralisation Confirmed at Red Setter
10th Feb 20267:00 amRNSTelfer Tenement Won in Contested Ballot
23rd Jan 20264:51 pmRNSAcquisition of Deferred Shares
16th Dec 20257:00 amRNS-RInvestor Interview with focusIR
8th Dec 20257:00 amRNSRed Setter Exploration Update
28th Nov 20253:02 pmRNSResults of AGM and EGM
18th Nov 20252:47 pmRNSGeneral Meetings, Share Consolidation and TVR
13th Nov 20253:08 pmRNS-RMineralisation over 3km strike at Red Setter
7th Nov 20257:05 amRNSNotice of AGM and EGM
17th Oct 20257:00 amRNSRed Setter Gold Dome Project Exploration Update
6th Oct 20257:54 amRNSExpansion of drilling at Red Setter - Correction
6th Oct 20257:00 amRNSExpansion of drill program at Red Setter
30th Sep 20253:21 pmRNSRed Setter £4 million raise Admission Date
30th Sep 20259:25 amRNSUnaudited Interim Results
30th Sep 20257:00 amRNSExploration expansion with £4 million raise, TVR
25th Sep 202511:05 amRNSDrilling hits strong alteration at Red Setter
27th Aug 20251:56 pmRNSRed Setter to be Expanded with £1.5m raise TVR
21st Aug 20257:00 amRNSDrilling Expands Breccia Pipe Interval, Red Setter
18th Aug 20257:00 amRNSBreccia Pipe Intersected at Red Setter Project
11th Aug 20257:00 amRNSDrilling Update at Red Setter Gold Dome Project
21st Jul 202510:30 amRNSDrilling Operations Commence at Red Setter
8th Jul 20259:08 amRNSNew Tenement applications in Western Australia
3rd Jul 20257:19 amRNSIssue of Equity, TVR and PDMR
30th Jun 20252:49 pmRNSFinal Results for the year ended 31 December 2024
11th Jun 202511:56 amRNSFundraise of 1.75 million and TVR
2nd Jun 20258:36 amRNS-RRed Setter Gold Dome pre-drill visit completed
9th May 202512:54 pmRNSHolding in the Company
8th May 20257:00 amRNSNew gold targets identified at Mosquito Creek
1st May 20257:00 amRNSApex Geoscience appointed to undertake exploration
30th Apr 202512:08 pmRNSHolding in the Company
25th Apr 20257:00 amRNSRed Setter Gold Dome target to be drilled
15th Apr 20257:00 amRNSWSBN Completes Reorganisation of WA Subsidiary
24th Mar 20259:30 amRNSRestoration - Wishbone Gold plc
24th Mar 20259:30 amRNSFundraise, Lifting of Suspension and TVR
19th Mar 20257:00 amRNSReverse Transaction Termination, Corporate Update
23rd Jan 20257:30 amRNSSuspension - Wishbone Gold plc
23rd Jan 20257:04 amRNSUpdate, Potential Reverse Takeover and Suspension
9th Dec 20247:00 amRNSIssue of Shares and TVR
27th Nov 20247:00 amRNSAppointment of Finance Director
26th Nov 202411:50 amRNSAppointment of New Chairman
30th Sep 20241:39 pmRNSUnaudited Interim Results
26th Sep 20247:00 amRNSWA Government Co-Funded Geophysics Program
20th Sep 20247:00 amRNSIssue of Shares and Total Voting Rights
17th Sep 20247:00 amRNSNew 3D Modelling at Red Setter and Presentation
6th Sep 20248:10 amRNSAppointment of Company Broker

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