EXAI Lithium pegmatite sampling at the Buttamiah Prospect. Source: Sensore (S3N).
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Lithium-seeker Wildcat Resources Ltd (ASX: WC8) has made a lucky find through drilling at its Tabba Tabba project in the WA Pilbara, identifying a thick pegmatite carrying values of up to 1 percent lithium oxide (Li2O) at 41 metres.

The pegmatite – which the company has named ‘Luke’ – was discovered during exploratory drilling underneath the Leia deposit. Wildcat is now rolling out more drilling – with a target zone of up to 1 kilometre in strike length – to define its scale, continuity and geometry.

Geology Manager Torrin Rowe said the pegmatite was discovered almost by accident, but presented strong indicators of what could be found at Tabba Tabba.

“The blind discovery of another thick mineralised pegmatite at Luke confirms the ongoing exploration potential at Tabba Tabba,” he said.

“It is pleasing to see our exploration team’s efforts in developing and testing geological theories being rewarded.

“We look forward to delineating the scale of the exciting Luke Pegmatite and continuing to test the developing exploration model with the aim of making further discoveries.”

Wildcat’s drilling program at Tabba Tabba has included 74,000 metres to date, and comprised both diamond and reverse circulation (RC) drilling, with the diamond work at Leia picking up intercepts of up to 68 metres at 1.4 percent Li2O from 337 metres, including 50 metres at 1.5 percent from 338 metres.

Having acquired the project less than a year ago, it has been drilling there since July 2023,
and has defined an LCT pegmatite field across 3.2 kilometres which hosts seven significant pegmatite bodies: quirkily named Leia, Luke, Boba, Chewy, Tabba Tabba, Han and Hutt.

Wildcat Resources is trading at 65c.

wc8 by the numbers
More From The Market Online

KGL Resources jumps 25% on US$300M funding deal

KGL Resources has entered into a US$300 million PMPA to help fund construction and development of…
London

With osteo Phase 3 trial at 50% recruitment, Paradigm Bio inks partnership with University of London

Paradigm Biopharma (ASX:PAR) has this week hit two big items out the park: first of all, hitting 50% recruitment

Terra hits multiple intersections at Southwest SW6 prospect; assays now due in next ~12 weeks

Terra Metals has hit multiple intersections of massive sulphides in drilling at the Southwest SW6 prospect…
Easter bunny in a business suit analyzing stock charts, symbolizing market strategy

ASX closed for Easter long weekend. Enjoy your chocolates and the holiday break!

Yes, yes, I know you’re itching to do some serious Australian market trading today, but everyone — especially our much-loved HotCopper forum users