Tabba Tabba Lithium Project Boasts 74.1Mt at 1.0% Li2O and 84.5% Recovery

Project Progress and Resource Highlights

Wildcat Resources Limited (ASX, WC8) has reported significant progress on its flagship Tabba Tabba Lithium Project in Western Australia's Pilbara region. The company is rapidly advancing its Preliminary Feasibility Study (PFS), which is now nearing completion, while the Definitive Feasibility Study (DFS) continues with extensive metallurgical and geotechnical testwork. Tabba Tabba boasts a substantial JORC 2012 Mineral Resource Estimate of 74.1 million tonnes at 1.0% lithium oxide (Li2O), positioning it as one of Australia's largest undeveloped lithium deposits.

During the quarter, Wildcat completed over 2,300 metres of diamond drilling to supply material for DFS metallurgical testing. Early results confirm the ability to produce a clean spodumene concentrate grading 5.6% Li2O with low impurities and an overall lithium recovery rate of 84.5%. Geotechnical drilling has validated competent ground conditions, supporting favourable mine design parameters such as steeper pit wall angles.

Strategic Location and Infrastructure Advantages

Tabba Tabba benefits from granted mining leases and proximity to key infrastructure, located just 80 kilometres by road from the Port Hedland export hub. The project area includes existing bore fields with quality water supplies, granted miscellaneous licenses for road access, and general purpose leases for processing and tailings infrastructure. These factors collectively underpin the project's Tier-1 status, enabling a potentially expedited development timeline compared to peers.

Wildcat's broader Pilbara land package, known as the Bolt Cutter Project, now covers more than 2,380 square kilometres of highly prospective tenure. Exploration activities continue with drilling programs targeting lithium mineralisation and water sources, alongside heritage and environmental surveys to support regulatory approvals.

Corporate Developments and Financial Position

Post-quarter, Wildcat announced the appointment of Jairo Bernal as Chief Financial Officer. Mr Bernal brings nearly 25 years of finance experience in mining and critical minerals sectors, including leadership roles in lithium-focused companies. The company also revealed an on-market share buy-back program capped at A$5 million, signaling confidence in its valuation and capital management strategy.

Financially, Wildcat maintains a strong cash position with $55.1 million available as of 30 June 2025. Quarterly expenditures included $1.9 million on exploration and evaluation, $2.2 million on project studies and approvals, and $1.6 million on staff and corporate costs. The company reported net cash inflows from interest of $0.69 million, underscoring prudent financial stewardship amid ongoing development activities.

Looking Ahead

Wildcat plans to complete the Tabba Tabba PFS in the coming quarter while advancing DFS metallurgical and geotechnical studies. The company will also continue heritage and environmental surveys, progress statutory approvals, and maintain exploration momentum across its Bolt Cutter and regional projects. Assay results from recent drilling at the Mt Adrah Gold Project in New South Wales are anticipated in the September quarter, adding further potential value to Wildcat's diversified portfolio.