WA Government Co-Funded Geophysics Program

Wishbone announces that its application for a co-funded Geophysics Exploration Program at its Mosquito Creek project has been accepted by the Government of Western Australia. As a result, the Company will receive a contribution of AU$55,000 towards exploration at its highly prospective Nullagine tenements at Mosquito Creek where gold nuggets over 2kg have already been found.

This program is a flagship component of the Exploration Incentive Scheme ("EIS") run by the Western Australian Government. The EIS initiative is aimed at stimulating private sector mineral and petroleum exploration leading to new mineral and energy discoveries. Projects are submitted on a competitive basis and funding is allocated according to the prospectivity of the projects and the competence of the submission. The Program is competitive and only open for applications twice a year.

As previously announced in May 2023, Wishbone successfully utilised the EIS at its Cottesloe project. It offers up to a 50 per cent refund for innovative exploration drilling projects, capped at specific amounts.

Mosquito Creek is in the Pilbara Region of Western Australia located 260km south east of Port Headland and comprises the Crescent East lithium and gold project. Crescent East is 180km from the Wodgina and Pilgangoora lithium mines and only 100km from the Global Lithium Archer deposit.

For more information on Wishbone, please visit the Company's website.