Wishbone Gold (WSBN) H1 2025 earnings summary

Executive summary

• Interim results for the six months ended 30 June 2025 are unaudited and based on management accounts.

• Focus remains on exploration activities in Western Australia, particularly at the Red Setter Gold Dome.

• The proposed reverse merger with Evrensel Global Natural Resources Ltd was terminated in March 2025.

• Management team changes included new consultancy and directorship appointments.

Financial highlights

• Cash balances at 30 June 2025 were £825,981, up from £124,895 at December 2024 and £13,886 at June 2024.

• Administrative costs for the period were £757,319, down from £883,157 in June 2024.

• Operating loss for the six months was £260,768, compared to £791,097 for the same period last year.

• Loss from continuing operations before taxation was £259,927, compared to £790,569 in June 2024.

• Share capital increased to £5,181,545 from £3,145,161 in June 2024.

Outlook and guidance

• Continued focus on advancing exploration at Red Setter, with further updates anticipated.

• Management expresses optimism about creating shareholder value in the coming months.