Telfer Tenement Won in Contested Ballot
Wishbone Gold Plc has successfully won a contested ballot for a 67km² mineral title located 25km north-west of the Telfer gold mine in Western Australia, significantly expanding its tenement area. This new exploration license application, E45/7169, will be added to an existing access agreement with Greatland Gold and is covered by a current Heritage Agreement. The company anticipates assay results for its Red Setter copper and gold project shortly and plans to finalize its 2026 drilling strategy upon analysis of the 2025 drill program data, with drilling expected to commence in April 2026.
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Wishbone Gold Plc is pleased to provide this update to shareholders on the Company's expanded tenement area that surrounds Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine, and which is to the east of the Nifty Copper Mine owned by Cyprium Metals Ltd (ASX: CYM) in Western Australia (Figure 1).
Wishbone has won a contested ballot for 67km2 of mineral title on crown land, 25km north-west of Telfer, which was applied for by multiple parties including ASX listed Antipa Minerals Ltd (ASX: AZY). The Exploration License application E45/7169 will now move towards grant with the tenement to be added to an existing access agreement with Greatland Gold, and an existing Heritage Agreement.
Ed Mead, Wishbone Gold WA director, commented: "It is a terrific result for Wishbone to secure this area in a contested ballot undertaken by the WA Mines Department last week. The tenement will now move towards grant and then will be added to an existing access agreement with Greatland. Also noteworthy is the fact it is covered by our existing Heritage Agreement for the area.
The new tenement covers an area of 67km2 and is easily accessed via the main road between Telfer and Marble Bar. We will work up data on the tenement as we move towards getting back on the ground for the start of the 2026 drilling season at Red Setter expected in April.
Assay results for the Red Setter copper and gold project are expected shortly from the 2025 drill program and the geologists at Apex Geoscience are well advanced with their geological and structural interpretation. We remain happy with what we have seen to date in the 2025 drill core and when we receive and analyse the assays for 2025 we will finalise our 2026 drilling plans. We look forward to increased news flow over the coming months."
Figure 1: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine, with successful ballot win for E45/7169 highlighted, and new access road application to Nifty Copper Mine
For more information on Wishbone, please visit the Company's website.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.