IN BRIEF: Wishbone up after fundraise for "exciting" Pilbara project
2nd Feb 2024 11:14
Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Raises GBP300,000 from a single, unnamed corporate investor through the issue of 25.0 million shares at a price of 1.2p. Wishbone expects the new shares to be admitted to trading on AIM and AQSE on February 8. Wishbone says that the "top-up" placing will allow the company to initiate operations at Mosquito Creek in the Pilbara region of Western Australia. In December, Wishbone exercised its exclusive option to acquire the Crescent East lithium and gold project, located within Mosquito Creek. Due diligence at the site revealed "significant gold nuggets" of up to 78.5 ounces, and historical chip results at Mosquito include 117 grammes of gold per tonne of ore. Read More