- Wildcat Resources (ASX:WC8) extends the Leia Pegmatite to more than 2kms in strike length at its Tabba Tabba lithium project in WA
- New assay results reveal promising lithium grades, reinforcing the potential for open-pit mining
- With recent funding of $100 million, Wildcat is gearing up for an ambitious exploration and mining study to unlock the true value of the Tabba Tabba project
- The company aims to close off Leia for further exploration, with seven rigs expected on-site in the New Year
- WC8 shares are down 7.14 per cent, trading at 78 cents at 2:06 pm AEDT
Australian lithium developer Wildcat Resources (ASX:WC8) has extended the Leia Pegmatite to more than two kilometres in strike length at its Tabba Tabba lithium project in Western Australia.
This achievement marks a significant increase from the previous 1.65 kilometres.
Leia maintains a thickness of up to 180 meters true width and remains open along strike and at depth, providing exciting prospects for future exploration.
The assay results from Leia are equally promising, with notable highlights including 73 metres at 1.1 per cent lithium oxide from 266 metres.
“Leia outcrops for 50 per cent of its 2km length and has excellent potential for open pit mining.” WC8 Managing Director Samuel Ekins said.
The company’s recent capital injection of $100 million positions it well for the next phase of exploration and mining study work.
Mr Ekins emphasised Wildcat’s commitment to rapidly unlocking the true value of the Tabba Tabba project.
With seven rigs expected on-site in the new year, the drilling ramp-up is a testament to Wildcat’s determination to capitalize on Leia’s potential.
To date, Wildcat has completed 164 RC drill holes, eight diamond tails, and four diamond drill holes for 37,100 metres since drilling commenced in July 2023.
WC8 shares were down 7.14 per cent, trading at 78 cents at 2:06 pm AEDT.