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Wishbone Gold ( (GB:WSBN) ) has shared an update.
Wishbone Gold has secured a 67km² exploration tenement in a contested ballot on crown land about 25km north-west of the Telfer gold mine in Western Australia. The new license, E45/7169, will be incorporated into existing access and heritage agreements with Greatland Gold, enhancing Wishbone’s landholding around a major producing asset.
The tenement is accessible via the main road between Telfer and Marble Bar and will be evaluated as the company prepares for the 2026 drilling season at its Red Setter project, expected to start in April. Assay results from the 2025 Red Setter drilling program are due shortly and will shape the 2026 drill plans, potentially influencing investor sentiment as news flow increases over the coming months.
The most recent analyst rating on (GB:WSBN) stock is a Hold with a £72.00 price target. To see the full list of analyst forecasts on Wishbone Gold stock, see the GB:WSBN Stock Forecast page.
Spark’s Take on GB:WSBN Stock
According to Spark, TipRanks’ AI Analyst, GB:WSBN is a Neutral.
Overall score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow despite some improvement). Technicals are mixed with a neutral momentum profile and no clear trend, while valuation is limited by a negative P/E and lack of dividend yield data.
To see Spark’s full report on GB:WSBN stock, click here.
More about Wishbone Gold
Wishbone Gold is a London AIM and Aquis-listed exploration company focused on gold and copper projects in Western Australia. Its key assets include the Red Setter copper-gold project and a growing package of exploration tenements surrounding the established Telfer gold mine and near the Nifty Copper Mine, positioning the company within a prolific mining district.
Average Trading Volume: 920,263
Technical Sentiment Signal: Sell
Current Market Cap: £21.16M
For detailed information about WSBN stock, go to TipRanks’ Stock Analysis page.