Business
Interim Results
Interim Results.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5803N\n Wishbone Gold PLC\n 30 September 2021\n \n \n \n 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\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 30 September 2021\n \n \n \n \n \n Wishbone Gold Plc\n \n \n (\"Wishbone\" or the \"Company\")\n \n \n Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \n \n \n \n \n Interim Results\n \n \n Chairman's statement\n \n \n Wishbone Gold has pleasure in announcing its interim results for the period ended 30 June 2021. Shareholders are reminded that these results are unaudited and based on the Company's management accounts. \n \n \n Throughout the period the Company continued its expansion in exploration, predominantly in Patersons Range area of Western Australia. We consolidated the Red Setter acquisition together with the two smaller properties, Golden Retriever and Short Haired Pointer and announced the optioning of the Cottesloe Project in March. All of the options have been exercised covering all of these acquisitions and by the year end all of the properties will have been transferred into our Western Australia subsidiary.\n \n \n Looking back, we can now say that we have acquired a massive acreage in one of the hottest exploration areas in Australia. Hardly a day passes without further news of drilling and expansion from major players in the area and I am pleased to say that your company is right in the middle of all this activity. \n \n \n Although exploration has not proceeded as fast as we would have liked due to COVID and standard Western Australian Government permitting delays, we will have the results of the previously announced Geochem survey on Red Setter shortly. This will then be used to refine the drilling program.\n \n \n In Queensland we had further excellent results from the Wishbone II property and in August announced a southern extension to the property which expands the total acreage to 174 km2.\n \n \n In January we announced the raising of a further £1,034,663 from the exercise of war...