WSBN Completes Reorganisation of WA Subsidiary

Wishbone Gold PLC

15 April 2025

 

 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

15 April 2025

Wishbone Gold Plc

("Wishbone" or the "Company")

WSBN Completes Reorganisation of Western Australian Subsidiary

Wishbone Gold Plc (London AIM & Aquis: WSBN) advises that, further to the Company's RNS dated 19 March, the Company has paid out all of its legal liabilities and completed the reorganisation of its Western Australia subsidiary, Wishbone Gold WA Pty Ltd ("WSBN WA").

Management has been strengthened by the appointment of Edward Mead as a director of WSBN WA replacing Barrett Kosh who remains a director of Wishbone Queensland. Mr Mead is a geologist with 30 years' experience in gold and base metals exploration, mine development and mine production. He has worked on geological settings that include copper/gold porphyries, epithermal and orogenic gold deposits, intrusion related gold systems (IRGS), mafic and ultramafic layered intrusions for nickel copper and Platinum Group Elements, Volcanic Hosted Massive Sulphides (VMS, VHMS) for copper, zinc and silver, felsic intrusions such as Pegmatite's for lithium and supergene deposits for commodities such as uranium, sedimentary basins for coal, iron ore and oil and gas.

Ed has worked in New Zealand, Australia, Africa, Europe and North America, on projects at various stages.

He has a BSc in Geology from Canterbury University in New Zealand and is a Fellow of the Australian Institute of Mining and Metallurgy.

Wishbone Gold's Chairman, Richard Poulden said: "It's a very positive step forward for the Company to clean up its Western Australian subsidiary and take back full ownership and operational control of our exciting Red Setter and Cottesloe projects. With gold at record highs, Red Setter is a very important asset for Wishbone and as part of the complete restructuring of how Wishbone will operate, we have appointed Ed Mead to head up our Western Australian operations effective immediately. Ed is highly experienced in the Pilbara region of Western Australia and he is now actively involved in streamlining how the Company moves forward from here and we will update shareholders on our new strategy shortly."

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

www.wishbonegold.com.

For further information, please contact:

Wishbone Gold PLC
Richard Poulden, Chairman	Tel: [phone]
Beaumont Cornish Limited
(Nominated Adviser and AQUIS Exchange Corporate Adviser)
Roland Cornish/Rosalind Hill Abrahams	Tel: [phone]
Tavira Financial Limited
(Broker)
Chris Kipling	Tel: [phone]
Soho Communications Ltd
(Financial PR)
George Hudson	Tel: [phone]

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.

 

END