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What Are Wildcat Resources Assay Results at the Leia Prospect? — ASX:WC8| ASX Mining News & Discussion
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Lykeshares
2y
Official
$WC8
What Are Wildcat Resources Assay Results at the Leia Prospect?
Wildcat Resources Ltd Unveils Impressive Lithium Finds at Leia Prospect
Australian lithium developer Wildcat Resources Ltd (ASX: WC8), often referred to as "Wildcat" or the “Company”, recently announced remarkable results from its diamond drilling activities at the Leia prospect, part of its Tabba Tabba Lithium Project near Port Hedland, WA. This announcement comes amidst a global surge in demand for lithium, a critical component in electric vehicle batteries.
Leia Prospect: A Potential Global Tier One Lithium Project
Leia, the largest of six identified pegmatite prospects at Tabba Tabba, has showcased impressive results. The prospect, extending over 2.2km in strike, up to 180m in width, and more than 450m vertically from the surface, remains open, highlighting significant untapped potential.
Some notable findings from the first diamond drill holes include:
99.0m at 1.2% Li2O from 207.0m within a broader zone of 135.0m at 0.9% Li2O.
69.9m at 1.2% Li2O from
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399.0m within 123.4m at 0.9% Li2O.
Additional significant intercepts reinforcing the prospect's potential.
Strategic Location and Infrastructure
Tabba Tabba's strategic location, close to significant lithium operations and infrastructure, boosts its potential. It is situated 47km from Pilbara Minerals’ Pilgangoora Project and 87km from Mineral Resources’ Wodgina Project, with convenient access to Port Hedland.
Aggressive Exploration Campaign
Wildcat has undertaken an aggressive exploration campaign, completing 174 RC drill holes and 24 diamond tails since July 2023. The focus remains on Leia but will expand to other lithium-bearing pegmatites in the region. The Company plans to continue its exploration into 2024, utilizing additional rigs to further investigate the area's lithium potential.
Geological Insights
Initial Fourier-transform infra-red (FTIR) analysis confirms spodumene as the dominant lithium mineral at Leia. Ongoing mineralogical studies aim to provide a deeper understanding of the pegmatites' geochemical characteristics.
Promising Future Prospects
With the drilling ramp-up planned for early 2024, Wildcat aims to continue exploring Leia's limits and other high-priority pegmatites. The company is also progressing with permitting and evaluation studies, signifying a step forward in realizing Tabba Tabba's full potential.
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133d
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Berkshire is hoarding so. much. cash.
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133d
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Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares
164d
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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1y
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Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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1y
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Lykeshares
1y
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$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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