Wishbone Gold PLC WA Government Co-Funded Geophysics Program

RNS Number : 7772F

Wishbone Gold PLC

26 September 2024

 

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

 

 

26^th September 2024

 

Wishbone Gold Plc

("Wishbone" or the "Company")

Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

 

Western Australia Government Co-Funded Geophysics program for Mosquito Creek

 

Wishbone announces that its application for a co-funded Geophysics Exploration Program at its Mosquito Creek project has been accepted by the Government of Western Australia. As a result, the Company will receive a contribution of AU$55,000 towards exploration at its highly prospective Nullagine tenements at Mosquito Creek where gold nuggets over 2kg have already been found.

 

This program is a flagship component of the Exploration Incentive Scheme ("EIS") run by the Western Australian Government. The EIS initiative is aimed at stimulating private sector mineral and petroleum exploration leading to new mineral and energy discoveries. Projects are submitted on a competitive basis and funding is allocated according to the prospectivity of the projects and the competence of the submission. The Program is competitive and only open for applications twice a year.  

 

As previously announced in May 2023, Wishbone successfully utilised the EIS at its Cottesloe project. It offers up to a 50 per cent refund for innovative exploration drilling projects, capped at specific amounts.

 

Mosquito Creek is in the Pilbara Region of Western Australia located 260km south east of Port Headland and comprises the Crescent East lithium and gold project. Crescent East is 180km from the Wodgina and Pilgangoora lithium mines and only 100km from the Global Lithium Archer deposit.

 

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

www.wishbonegold.com.

 

END

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]
SP Angel Corporate Finance LLP
(Broker)
Ewan Leggat	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.

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