Commodities, Exploration/Development, Lithium, News

Wildcat roaring in pursuit of ‘white gold’

Wildcat Resources believes it’s on the brink of a Tier-1 lithium discovery at its Tabba Tabba project just down the road from Pilbara Minerals’ Pilgangoora operation in WA.

The company announced its best drilling results yet, intersecting 85m at 1.5 per cent lithium oxide from 133m deep at the Leia pegmatite. This included 9m at 3 per cent lithium oxide and 13m at 2.3 per cent lithium oxide.

“We continue to be encouraged by the Leia pegmatite’s scale, grade and tabular consistency having still not found the edges of it with drilling,” Wildcat managing director Samuel Ekins said.

“It really feels as though we are in the midst of a Tier-1 lithium discovery at Tabba Tabba.”

Wildcat said at least 60 reverse circulation (RC) holes had demonstrated the asset’s potential to host a Tier-1 system. The company has completed 135 drill holes for 26,780m since drilling began at Tabba Tabba in July.

Now at least 1.5km long, 50m wide and 400m down plunge, the Leia pegmatite is one of six significant pegmatite prospects within a 3.2km-long pegmatite field.

The promising results are further validated by the fact that Pilbara Minerals’ Pilgangoora operation – the largest independent hard-rock lithium mine in the world – is just 47km away. Mineral Resources’ (MinRes) Wodgina lithium operation is 87km away.

Wildcat has two RC drill rigs and one diamond drill rig turning at Tabba Tabba, with an aggressive exploration program to continue at the project.

The junior’s success comes amid reports MinRes boss Chris Ellison is keen to grow his Wildcat stake, having also shown his lithium intent by voting in favour of Develop Global’s Essential Metals takeover last week.

Wildcat only just closed its acquisition of Tabba Tabba on October 12, buying the project from Global Advanced Metals, owned by MinRes chair James McClements’ private equity firm, Resource Capital Funds.

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