Highlights
- Impressive Resource Estimate: 74.1 million tonnes of lithium at 1.0% Li2O, 94% in higher-confidence ‘indicated’ category.
- Strong Exploration Foundation: 45% of drilling was diamond drilling, supporting future resource growth.
- Mining Potential: Anticipated bulk-tonnage, open-pit mining operation at the Leia pegmatite site.
Wildcat Resources Ltd (ASX:WC8) has unveiled a significant Mineral Resource Estimate (MRE) for its Tabba Tabba lithium project in Western Australia, which the company believes represents Australia’s largest underdeveloped hard rock spodumene resource publicly reported. The estimate outlines 74.1 million tonnes at 1.0% lithium oxide (Li2O), with 94% of the resource classified in the higher-confidence ‘indicated’ category.
The MRE is based on nearly 115,000 meters of drilling, a significant portion of which (45%) was diamond drilling, providing valuable structural data for the resource model. Wildcat anticipates further resource expansion, bolstered by ongoing exploration work at the project.
Resource Growth and Mining Strategy
The Tabba Tabba project, centered around the Leia pegmatite—a 100-meter thick zone of lithium mineralization that begins at surface—shows strong potential for a bulk-tonnage, open-pit mining operation. Given the size and near-surface nature of the mineralization, Wildcat is confident in the future scalability of the project.
Managing Director AJ Saverimutto highlighted the impressive parameters of the project, emphasizing its substantial size and favorable geology.
Market Response
At 10:38 AEDT, Wildcat shares were trading at 24.5 cents, down 2% since the market opened.