Wildcat Resources (ASX: $WC8) announces exceptional drilling results at Tabba Tabba lithium project

Australian lithium developer Wildcat Resources Limited (ASX: $WC8) has announced exceptional drilling results from ongoing drilling at its Tabba Tabba Lithium Project, near Port Hedland, WA. The results include significant intercepts from the Leia pegmatite, part of the 3.2km long LCT pegmatite field, with mineralisation from surface and continuing at depth. The company is funded to complete 100,000m of drilling at Tabba Tabba in CY2024 with a cash balance of $94.1 million as at 31 December 2023.

Executive Commentary on Ongoing Drilling Results

The ongoing drilling results at Tabba Tabba continue to exceed our expectations. The significant intercepts from the Leia pegmatite, including 119.2m at 1.0% Li2O from 334.3m, demonstrate the potential of the project. We are also pleased with the progress of exploration activities, including high-resolution ground gravity and magnetic survey, drone aerial imagery, and compilation of a detailed geological map. The drilling program is expanding, and we are looking forward to the results pending for 27 holes and 3,294 samples. The company is committed to aggressive exploration focused on discovery, and we are optimistic about the future prospects of the Tabba Tabba Lithium Project.

Summary of Tabba Tabba Lithium Project Announcement

Wildcat Resources (ASX: $WC8) has reported exceptional drilling results from ongoing drilling at its Tabba Tabba Lithium Project, with significant intercepts from the Leia pegmatite. The project is near some of the world's largest hard-rock lithium mines, and the company is funded to complete 100,000m of drilling in CY2024. The ongoing exploration activities, including geophysical surveys and drilling at Hutt and Han pegmatites, indicate a strong focus on discovery and expansion. The company's aggressive exploration campaign and the potential of the Leia pegmatite position it as an emerging Tier-1 lithium pegmatite. The preliminary interpretation of geophysical imagery is expected in the coming weeks, and the company is progressing with ecological surveys and evaluation studies for Tabba Tabba. The announcement reflects the company's commitment to aggressive exploration and its optimism about the future of the Tabba Tabba Lithium Project.