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A round-up of the week's news from small-cap mining and exploration companies
Company
LON:WSBN
Wishbone Gold PLC has three major exploration properties in Australia and three minor prospects. Two of these are located in the Pilbara region of Western Australia and the third is in the Mingela-Charters Towers region in Queensland. The company’s flagship project is Red Setter located approximately 13km south west of Newcrest’s Telfer operations. Red Setter is a Havieron/Telfer style gold prospect. Cottlesloe, 35km south east of Red Setter, has deposits visible at surface of silver and lead: metals which are essential for battery and electric car production. In Queensland the Wishbone II project has almost doubled with the addition of Wishbone VI. Simon Beams of Terra Search believes this area could host a Ravenswood style deposit similar to the Ravenswood mine to the south east.
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A round-up of the week's news from small-cap mining and exploration companies
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Shares were placed at 0.1p to raise the cash, with subscribers also receiving a warrant exercisable at the issue price
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
Wishbone's new online gold trading initiative will be unveiled shortly
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Wishbone Gold's sales increased significantly during 2017
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The explorer said it is in discussions with its joint venture partners on full production and is pursuing the relevant permits directly with the Honduran government
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The company sees the operation ramping up in the coming months as licences allow
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Wishbone Gold's unique business model is now beginning to bear fruit
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The move was “to protect assets from dissipation and protect the customers of both firms," the regulator said in a statement.
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