Wishbone Gold (WSBN) Status update summary

Exploration results and geological insights

• Gold and copper mineralisation confirmed along a four-kilometer diorite trend at Red Setter, with significant intercepts such as 8.36m at 1.09 g/t Au and 0.05% Cu, and 5.76m at 0.66 g/t Au and 0.4% Cu from the 2025 drilling campaign.

• Recent results exceeded expectations, with grades similar to or better than the Telfer mine in some cases.

• Mineralisation occurs within altered zones of the diorite intrusion and breccia, indicating a large hydrothermal system, with higher grades at depth below 150 meters.

• Structural logging shows mineralisation in multiple orientations, and results are consistent with previous drilling, confirming widespread mineralisation across the strike length.

• Proximity to the Telfer mine (10-20 km) and geophysical data support the presence of a significant mineralised system.

Drilling campaign plans and operational updates

• A fully funded 25-hole, 9,000-meter drill programme is planned for 2026, the largest to date at Red Setter, using 150-meter reverse circulation pre-collar holes followed by diamond tails targeting depths up to 400 meters.

• The campaign will systematically test the entire four-kilometer strike to maximize discovery potential and evaluate continuity and structural controls.

• Mobilisation of crews is planned after the rainy season ends in April, with camp reestablishment starting in early April.

• All 2025 drilling results were included in the latest update, with no mineralisation found in the initial southwest holes.

Project context and future outlook

• The project remains open along strike, with significant potential for a large-scale mineralised system.

• Mobile Magnetotelluric geophysics and consolidated data from geophysical surveys and drilling have improved understanding of the structural setting and mineralisation patterns.