Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Unaudited Interim Results

30th Sep 2026 09:50

RNS Number : 9652W
Wishbone Gold PLC
30 September 2026
 

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

 

 

 

 

30th September 2026

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

 

Unaudited Interim Results for the period ending 30th June 2026

 

Wishbone announces its interim results for the six-month period ended 30th June 2026. Shareholders are reminded that these results are unaudited and based on the Company's management accounts.

 

Interim Operating Highlights

 

On 10th February 2026, Wishbone won a contested ballot for 67km2 of mineral title on crown land, 25km north-west of Telfer, which was applied for by multiple parties.

 

On 16th March 2026, the Company confirmed the presence of gold and copper mineralisation within the Red Setter diorite trend, which extends for approximately 4 kilometers. Those assay results further support the potential for the project to host a large-scale mineralised system within one of Australia's most prospective gold-copper provinces.

 

On 9th April 2026, Wishbone signed an option for a cash payment of £100,000, to acquire the Silver Lake Project, a silver prospect in the Carnarvon Basin of Western Australia.

 

On 20th April 2026, a Reverse Circulation (RC) rig was mobilised from Perth to the Company's Red Setter Project in the Paterson Province of Western Australia, located 20km south-west of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine.

 

On 26th May 2026, the Company exercised its option to acquire the Silver Lake Project. Consideration for the acquisition comprised the issue of 3,571,777 new Ordinary Shares at 29 pence each. The Silver Lake Project covers 422 km² and contains extensive silver mineralisation along a 35km structural corridor. Historic drill results include 2m at 150g/t Ag from 4m depth. The acquisition expands the Company's exploration portfolio within Western Australia.

 

On 11th June 2026, the Company provided an update on exploration activities at the Red Setter Project in Western Australia. The first phase of the 2026 drilling programme commenced on 5th May, with 14 RC drill holes completed for 2,182 metres. The second phase of the programme commenced on 27th May and comprises diamond drilling, with two holes completed for 687 metres. The overall programme comprises up to 25 drill holes for approximately 9,000 metres and is designed to further evaluate the gold-copper mineralisation identified at the project.

 

Recent RNS announcements have covered the extension of the Red Setter drill programme, associated fundraising and the encouraging results seen so far.

 

Interim Financial Highlights

 

At the end of the period under review, the accounts show that Wishbone held cash balances totalling £3,140,810 (December 2025: £3,397,895). Operating costs, excluding interest during the period, were £891,836 (June 2025: £757,319).

 

On 22nd April 2026, the Company raised gross proceeds of £1,100,000 in an institutional placing facilitated and arranged by Marex Financial at a placing price of 26.35 pence per share through the issue of 4,174,573 new Ordinary Shares of 0.1 pence each.

 

In addition, warrants have been issued to subscribers on the basis of one warrant for every two shares subscribed in the issue with a strike price of 40p per share, this being 50% above the placing price. These are exercisable within the period of two and a half years from the date of the placing.

 

Conclusion

 

The Company continues its strategy of exploration focused on its properties in Western Australia and in particular at the Red Setter Project which neighbours the Telfer Gold Mine. We look forward to bringing more good news to all of you in the coming months, creating more value for our shareholders.

 

In conclusion, I would like to thank you all: staff, shareholders and advisers for your hard work and support over what has been a key period for Wishbone.

 

Richard Poulden

Chairman

 

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: +971 4 584 6284

Beaumont Cornish Limited

(Nominated Adviser and AQUIS Exchange Corporate Adviser)

Roland Cornish/Rosalind Hill Abrahams

Tel: +44 20 7628 3396

Cranborne Communications Ltd

George Hudson

Tel: +44 (0)7803 603130

 

Nominated Adviser Statement

 

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.

 

 

Wishbone Gold PLC

Consolidated Income Statement

for the period 1 January 2026 to 30 June 2026

 

Unaudited Six Months Ended 30 June 2026

Unaudited Six Months Ended 30 June 2025

Audited Year Ended 31 December 2025

£

£

£

Continuing Operations

Other Income

-

496,551

506,088

Operating costs

(891,836)

(757,319)

(1,710,063)

Operating loss

(891,836)

(260,768)

(1,203,975)

Foreign exchange gains/(loss)

1,996

841

(3,646)

Loss from continuing operations - before taxation

(889,840)

(259,927)

(1,207,621)

Tax on loss

-

-

-

Loss from continuing operations

(889,840)

(259,927)

(1,207,621)

Loss for the financial year

(889,840)

(259,927)

(1,207,621)

 

Wishbone Gold PLC

Consolidated Statement of Financial Position 

as at 30 June 2026

Unaudited Six Months Ended 30 June 2026

Unaudited Six Months Ended 30 June 2025

Audited Year Ended 31 December 2025

£

£

£

Current assets

Trade and other receivables

592,675

678,288

1,178,922

Cash and cash equivalents

3,140,810

825,981

3,397,895

3,733,485

1,504,269

4,576,817

Non-current assets

Other intangible assets

11,025,332

5,877,914

8,023,553

11,025,332

5,877,914

8,023,553

Total assets

14,758,817

7,382,183

12,600,370

Current liabilities

696,593

155,250

302,024

Equity

Share capital

37,972

5,181,545

30,227

Share premium

30,435,582

17,356,195

28,307,513

Share payment reserve

72,987

72,987

72,987

Translation Adjustment

(411,419)

(411,419)

(411,419)

Foreign exchange reserve

(323,663)

(1,060,674)

(841,567)

Accumulated losses

(15,749,235)

(13,911,701)

(14,859,395)

Total equity and liabilities

14,758,817

7,382,183

12,600,370

 

Wishbone Gold PLC

Consolidated Statement of Cash Flows

for the period 1 January 2026 to 30 June 2026

Unaudited Six Months Ended 30 June 2026

Unaudited Six Months Ended 30 June 2025

Audited Year Ended 31 December 2025

£

£

£

Cash flows from operating activities

Loss before tax

(889,840)

(259,927)

(1,207,621)

Reconciliation to cash generated from operations:

Foreign exchange (gain)/loss

36,775

(841)

33,106

Operating cash flow before changes in working capital

(853,065)

(260,768)

(1,174,515)

Decrease/(increase) in receivables

586,247

(619,159)

(1,119,793)

Increase/(decrease) in payables

394,569

(470,833)

(324,059)

Cash outflow from operations

127,751

(1,350,760)

(2,618,367)

Cash flows from investing activities

(Increase)/Decrease in Assets

(2,522,646)

79,779

(2,054,987)

Net cash flow from investing activities

(2,522,646)

79,779

(2,054,987)

Cash flows from financing activities

Issue of shares for cash

2,135,814

2,150,000

7,950,000

Net cash flow from financing activities

2,135,814

2,150,000

7,950,000

Effects of exchange rates on cash and cash equivalents

1,996

(177,933)

(3,646)

Net increase/(decrease) in cash

(257,085)

701,086

3,273,000

Cash at bank at 1 Jan

3,397,895

124,895

124,895

Cash at bank at period end

3,140,810

825,981

3,397,895

 

Note: The full year figures for the year ended 31 December 2025 are derived from the Company's statutory accounts for that period on which the auditors provided an unqualified report.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IR AKKBQFBKKACN

Related Shares:

Wishbone Gold
FTSE 100 Latest
Value10,461.95
Change33.68