Commodities, Exploration/Development, Lithium, News

Wildcat building a lithium treasure chest

Wildcat lithium

Wildcat Resources has intersected a suite of high-grade veins at its Tabba Tabba lithium project in Western Australia.

At the Leia prospect, Wildcat hit 1.4 per cent lithium oxide (Li2O) across 84m, including 1.9 per cent across a 44m span. The company also hit 1.2 per cent Li2O across 89.8m at Leia.

At the Luke prospect, Wildcat hit 1.1 per cent Li2O across a 61m span, including 1.6 per cent Li2O across 31m.

The Leia pegmatite continually hits thick, high-grade mineralisation of at least one per cent Li2O, with some intercepts from previous drilling campaigns exceeding 100m in extent.

Luke has also made a habit of intersecting consistent high-grade results, including some hitting one per cent Li2O across at least 50m.

Since Wildcat acquired Tabba Tabba in July 2023, the company has drilled almost 115,000m, comprising more than 350 drill holes. This has seen the delineation of a 3.2km-long pegmatite field hosting at least six pegmatite fields, including the Leia and Luke deposits.

Recent drilling has been focused on extending the Luke pegmatite to the south, delineating extensions to high-grade zones at Leia and identifying additional near-surface mineralisation at The Hutt and Chewy pegmatites.

Wildcat has also been conducting diamond drilling for geotechnical and metallurgical purposes to further progress mining studies.

Tabba Tabba is located in a premier hard-rock lithium mining district, 47km from Pilbara Minerals’ Pilgangoora operation, 87km from Mineral Resources’ Wodgina operation and 80km by road to Port Hedland.

Wildcat is trading 58 per cent higher across the last month, with a share price of $0.32 per share at close on Monday. This equated to a market capitalisation of about $390 million.

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