About Us

    Wishbone Gold

    Wishbone Gold Plc is an AIM and AQSE listed company operating in the precious metals sector. The company has a wholly owned precious metals trading business in Dubai, United Arab Emirates. It also holds four large scale exploration licences in North East Queensland, Australia covering over 34,000 acres in an area known for significant mineralisation.

    Given the situation in the trading markets and the uncertainty of the outcome of the COVID19 crisis the Company reviewed its strategy during the first half of 2020. We concluded that Wishbone should refocus on our exploration properties as our primary activity. This decision was based in part on their location in Australia as against our primary trading markets of Africa. We see Australia as more secure source of physical gold in the future with the uncertainty of COVID 19 continuing to have an influence in the coming years.

    The grounding of Emirates created a huge impact on gold trading in the region. The gold trade in Dubai has been hit by the removal of the daily Emirates flights to all African capitals and many South American capitals. A lot of high value freight such as gold was carried on passenger flights so although freight flights have resumed it is not with the same frequency as previously.

    Wishbone Gold’s strategy to increase gold trading margins and volumes is to invest and develop artisanal and small-scale miners through providing equipment and expertise. These then advance into long-term gold supply contracts which are traded through Dubai providing visibility on the supply chain.

    Through its extensive gold trading network and government contacts in Africa, Wishbone Gold is actively looking to expand its presence in this region. The company is in advanced discussions with a number of African nations to assist in the safe and sustainable development of artisanal/ small scale miners.

    The Board of Wishbone Gold believes this exposure to the gold market, from exploration to trading to processing, provides a unique investment proposition. The Board has a wealth of experience in numerous sectors including technology, healthcare and retail, in addition to natural resource companies, where they have successfully executed strategies for growth by acquisition.

    Subsidiaries

    Black Sand FZE

    Black Sand FZE is our gold trading company based in Dubai

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    Wishbone Gold Pty Ltd

    Gold exploration and mining in Australia.