Wishbone Gold Plc
Wishbone Gold Plc (AIM and AQSE: WSBN) is a gold and copper explorer focused on Western Australia. Its flagship is the Red Setter gold-copper project in the Paterson Province, about 20 km south-west of Greatland's Telfer gold mine, where a 2026 programme of up to 25 RC and diamond holes (about 9,000 m) found shallow gold, including 11 m at 0.7 g/t Au from 139 m in hole 26RSRD003. In September 2026 it applied for the 118 km2 Havieron South-East tenement, about 10 km south-east of the Havieron gold-copper mine, which takes its Telfer-area ground to 628 km2 once granted, expected in early 2027. In May 2026 it exercised an option to buy the Silver Lake silver project in the Carnarvon Basin, a 422 km2 tenement with historical rock chips up to 847 g/t Ag, for 3,571,777 new shares. It also holds four exploration permits at Mingela-Charters Towers in Queensland. No JORC or NI 43-101 resource has been estimated on any project.
Notable vs. Peers
- Trading within 0% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not in place: road access. Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. LSE AIM-listed (previously dual-listed on Aquis/AQSE) with its primary gold/copper exploration ground in Western Australia's Pilbara (Tier-1) and Queensland (Tier-1); the company also runs a Dubai-based gold-trading arm, a materially different, non-mining business line not reflected in this project-focused score.
Infrastructure (40%)3.6/10
No confirmed road access at Red Setter Gold-Copper Project, Patersons Range, Western Australia; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman and Chief Executive Officer of Wishbone Gold Plc (AIM: WSBN). Previously Chairman and CEO of AIM-quoted Sirius Minerals Plc, overseeing its transformation into a substantial potash business through a series of acquisitions in Australia, the USA and the UK.
Finance Director of Wishbone Gold Plc ("Jack" Sun).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Institutional ownership is present but the sole named holder is unidentified, and every PDMR or director transaction in the RNS archive was a private share issue or placement rather than an open-market purchase.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Wishbone Gold is a gold and copper explorer focused on Western Australia, where its flagship Red Setter project lies about 20 km south-west of Greatland's Telfer gold mine. A 2026 programme of up to 25 RC and diamond holes found shallow gold at Red Setter, including 11 m at 0.7 g/t gold from 139 m. In September 2026 it applied for the 118 km2 Havieron South-East tenement, which would take its Telfer-area ground to 628 km2 once granted, and in May 2026 it bought the 422 km2 Silver Lake silver project in the Carnarvon Basin. It also holds exploration permits at Mingela-Charters Towers in Queensland, and no resource has been estimated on any project.
No reports or presentations linked yet.