Wildcat Resources Strikes Lithium Gold: How Far Does Leia Pegmatite Extend?

$WC8 Wildcat Resources Strikes Lithium Gold: How Far Does Leia Pegmatite Extend?

Expanding Horizons: How Wildcat's Drilling Ventures Reshape the Landscape of Tabba Tabba Lithium Project

A Lithium Frontier Expands

In an electrifying development poised to redefine the lithium landscape, Wildcat Resources Limited (ASX: WC8) has electrified the industry by revealing the extension of Leia pegmatite, a cornerstone of its Tabba Tabba Lithium Project near Port Hedland, Western Australia, to a staggering length of over 2 kilometers. This expansion comes as a pivotal milestone, thickening with depth and remaining open along strike and at deeper levels.

The Revelation of Leia’s Extension

The recent drilling activities conducted by Wildcat have propelled the Leia pegmatite's strike length by an additional 160 meters, showcasing its robust growth to over 2 kilometers, with a true width reaching up to 180 meters. These impressive statistics, combined with the pegmatite's persistent extension along strike and at depth, underscore the potential magnitude of this find.

High-Grade Assay Results Unveiled

Within the tapestry of these drilling ... efforts lie compelling assay results that accentuate the potential wealth concealed within Leia. Notably, the recent assay findings disclose substantial lithium oxide (Li2O) content, including an intriguing 73-meter stretch at 1.1% Li2O from 266 meters (TARC246). Among these revelations lie specific intervals showcasing significant lithium oxide concentrations, such as 32 meters at 1.4% Li2O from 275 meters, 8 meters at 1.2% Li2O from 314 meters, and a compelling 10 meters at 2% Li2O from 328 meters.

Setting the Stage for Expansion

While these developments unfold, Wildcat is meticulously preparing for a ramp-up in drilling activities, expecting seven rigs to be operational on-site in the upcoming year. Additionally, the company anticipates the imminent release of assay results from the initial diamond drill holes, heightening industry anticipation for further insights into this promising lithium frontier.

A Visionary Outlook

Samuel Ekins, the Managing Director of Wildcat Resources, expressed his enthusiasm regarding Leia's prospects, stating, “Leia outcrops for 50% of its 2km length and has excellent potential for open pit mining. To have found a spodumene mineralised pegmatite of this quality, with potential Tier-1 scale, on granted Mining Leases, only 80km to a major port, is incredible and it ticks many of the boxes to progress towards development."

Ekins further added, "We are now well funded, having recently raised $100M, and we continue to ramp our team and capability to progress exploration and mining study work to rapidly unlock the true value of the Tabba Tabba Project.”

Charting a Path to Unveil Untapped Potential

The revelation of Leia’s significant extension marks not only a triumph for Wildcat Resources but also a pivotal moment in the exploration and future exploitation of lithium resources. With a potent combination of striking assay results and strategic positioning, Wildcat continues to edge closer toward unraveling the full potential of the Tabba Tabba Lithium Project, poised to make a substantial impact in the world of lithium mining and renewable energy.

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