Wishbone Gold (WSBN) Status update summary

Project and Exploration Progress

• Over 4,800 metres drilled at Red Setter, including seven RC holes (1,509m) and six diamond drill holes (3,298.7m), with a final 300m diamond hole underway and operations paused for the wet season.

• Drill data, core analysis, and geophysical work are being integrated to refine future drilling targets, with a focus on building a detailed geological model.

• Four diamond drill holes have been processed with assays pending; 1,500–1,509 RC samples and about 2,178–2,200 diamond samples are in the lab or expected.

• The Red Setter Dome breccia and surrounding Diorite remain key exploration targets based on results to date.

• A new Mobile MT survey has been flown over the north-west extension and two smaller tenements, with results being processed.

Infrastructure and Operational Updates

• New access road approved and application submitted for a ~30km route between Nifty Copper Mine and Red Setter, with a heritage survey scheduled for early April 2026.

• Improved access will facilitate movement of drill rigs and supplies, leveraging Nifty's accommodation, fuel, water, and airport services.

• The new road is expected to streamline logistics, reduce costs, and support larger drilling campaigns in 2026.

• Weather conditions, including extreme heat and cyclone season, dictate operational pauses and planning cycles.

Timeline and Next Steps

• All assay results expected by February, with drilling to resume after the wet season, likely in April, pending weather conditions.

• Consolidation of structural and assay data will inform the next phase of drilling and exploration.

• All RC and diamond drill samples will be submitted for fire assay and multi-element analysis, with results expected over the coming months.