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9 stories mentioning ASX:WC8Updated 13d ago

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Asia

Wildcat Resources' Western Australia Project Has Potential to Become a Satellite Operation to Flagship Project, Euroz Hartleys Says

Wildcat Resources' (ASX:WC8) Bolt Cutter project in Western Australia has the potential to host mineralization in the order of around 15 million tonnes to 20 million tonnes at around 1% grade of lithium oxide, and it could be a potential satellite operation to the flagship Tabba Tabba project, Euroz Hartleys said in a Monday note.Drilling has given further confidence in the continuity of the mineralization, particularly the near-surface areas within the Harry pegmatite within the Bolt Cutter.A Bolt Cutter maiden mineral resource estimate is expected to be announced in the December quarter, which means it will not be included in the upcoming definitive feasibility study, which is due in the second half.Metallurgical drilling at the Tabba Tabba project in Western Australia also demonstrated consistency across the system, de-risking variability ahead of the definitive feasibility study.Lithium could be a key beneficiary from current geopolitics, which has highlighted the attractiveness of electric vehicle and battery energy storage system technology, which before the war was seeing demand growth.The investment firm retained its speculative buy rating on Wildcat and a AU$1.21 per share price target.

ASX:WC8
Asia

Wildcat Resources Identifies High-Grade Lithium Mineralization at Western Australia Projects

Wildcat Resources (ASX:WC8) identified high-grade lithium mineralization during recent drilling at its Bolt Cutter Central and Tabba Tabba projects in Western Australia, according to a Monday Australian bourse filing.The company said Bolt Cutter Central returned results of up to eight meters at 1.5% lithium oxide from 89 meters and 16 meters at 1.5% lithium oxide from 116 meters, both estimated true width, with resource modelling underway and a maiden mineral resource estimate expected in the fourth quarter.At Tabba Tabba, results were up to 21.4 meters at 0.9% lithium oxide from 22.6 meters estimated true width, including 8.6 meters at 1.4% lithium oxide from 28.6 meters, with the Tabba Tabba definitive feasibility study (DFS) on track for delivery in the second half of the year, the filing added.

ASX:WC8
Asia

Wildcat Resources Says Buyback Capped at 50 Million Shares

Wildcat Resources (ASX:WC8) said its on-market buyback for a cash consideration was capped at 50 million ordinary fully-paid shares, according to a Tuesday Australian bourse filing.The firm currently has 1.34 billion ordinary fully-paid shares on issue.Its shares fell 1% in recent trading on Tuesday.

ASX:WC8
Asia

Wildcat Resources to Acquire Pegmatite Rights From Elevra Lithium Unit

Wildcat Resources (ASX:WC8) agreed to acquire the pegmatite rights over exploration license E45/2364 from Sayona Lithium, a subsidiary of Elevra Lithium (ASX:ELV), for AU$16 million, along with the fixed and net smelter return royalties held by Attgold for AU$750,000, according to an Australian bourse filing on Thursday after market hours.The consideration under the Elevra deal includes AU$5 million in cash, AU$8 million in the company shares, AU$3 million in deferred cash, and contingent payments of AU$0.70 per tonne for each tonne of Joint Ore Reserves Committee-defined pegmatite mineral resource declared within the license, per the filing.Attgold will receive AU$500,000 in cash and AU$250,000 in the company shares under the separate agreement.The company said the acquisitions strengthen its tenure position and allow it to optimize development of its wholly-owned Tabba Tabba lithium project near Port Hedland in Western Australia's Pilbara region.

ASX:ELVASX:WC8
Asia

Wildcat Resources Advances Definitive Feasibility Study for Western Australia Project in June Quarter

Wildcat Resources (ASX:WC8) advanced the definitive feasibility study for the Tabba Tabba project in Western Australia in the period ended June 30, targeting an expansion to 4.5 million tonnes per year, according to a Wednesday filing with the Australian bourse.Metallurgical test work confirmed premium spodumene concentrate quality from the project, producing 5.65% lithium oxide concentrate with low iron, the filing said.The company also completed resource drilling at the Bolt Cutter Central discovery, with resource modelling now in progress, per the filing.Shares fell 1% in morning trade on Wednesday.

ASX:WC8
Asia

Wildcat Resources' Upcoming Tabba Tabba Lithium Project Study to Improve Economics, Says Euroz Hartleys

Wildcat Resources' (ASX:WC8) upcoming Definitive Feasibility Study (DFS), due in the third quarter, for its Tabb Tabba lithium project in Western Australia, is expected to improve economics compared with the prior study, Euroz Hartleys said in a note on Monday.The company plans to accelerate Stage 2 expansion to 4.5 million tonnes per annum by advancing underground development of the Luke orebody and integrating resources such as Chewy, a deposit within the mining project.The faster Stage 2 expansion has the potential to enhance project payback and cash generation by boosting production earlier in the mine life, while also reducing stripping requirements and upfront capital costs, the investment firm said.The brokerage added that the updated metallurgy is "particularly encouraging" and that there are opportunities to increase the volume of ore supplied to the spodumene processing plant compared with the previous study.Euroz Hartleys maintained a buy rating on Wildcat Resources with a price target of AU$1.21.

ASX:WC8
Asia

Wildcat Resources Progresses Western Australia Gold Project Definitive Feasibility Study Workstreams

Wildcat Resources (ASX:WC8) is advancing workstreams for a definitive feasibility study for its Tabba Tabba project in Western Australia, according to a Monday Australian bourse filing.It is optimizing the mine plan, aiming to bring forward the stage two process plant expansion to 4.5 million tonnes-per-annum processing throughput, while reducing pre-production mining strip and capital expenditure. Delivery of the study is targeted for the September quarter.Tantalum from the Tabba Tabba project and petalite processing from the Chewy, Han, and Hutt resources will be incorporated into the study, which is expected to improve the project's economic outcomes.Material from the years one to two of open-pit operations achieved a spodumene concentrate grade of 5.65% lithium oxide, with low iron.

ASX:WC8
Asia

Wildcat Resources Expected to Benefit From Lithium Tailwinds, Says Euroz Hartleys, Shares Hit Two-Year High

Wildcat Resources (ASX:WC8) is expected to benefit from lithium tailwinds, helped by the Middle East conflict, according to a Thursday Euroz Hartleys note.The research firm said that the lithium tailwinds are supported by higher oil prices due to the Middle East conflict, increasing electric vehicle and battery energy storage system (BESS) demand.Euroz Hartleys added that Wildcat Resources is its preferred stock over PLS Group (ASX:PLS) or Liontown (ASX:LTR) because of its significant leverage to lithium pricing and straightforward development position, with granted mining leases, 80-kimometer proximity to Port Hedland, a conventional flowsheet, and AU$43.5 million in cash.Euroz Hartkeys maintained a speculative buy rating on Wildcat Resources and raised its price target to AU$1.21 from $0.61.The company's shares rose 5% in recent Friday trade, hitting a two-year high.

ASX:LTRASX:PLSASX:WC8
Asia

Wildcat Resources Says Western Australia Project's Lithium Discovery Continues to Expand

Wildcat Resources (ASX:WC8) said its Bolt Cutter Central lithium discovery, part of its Tabba Tabba Lithium-Tantalum project in Western Australia, continues to expand with a mineralized footprint now defined over more than 2.3 kilometers, according to a Wednesday Australian bourse filing.The company said the discovery remains open in multiple directions, expanding the known extents of the stacked lithium-cesium-tantalum (LCT) pegmatite system, with recent metallurgical holes intercepting coarse-grained spodumene mineralization from diamond drilling.Wild Cat added that a Definitive Feasibility Study (DFS) for the Tabba Tabba project is well advanced across key workstreams.The company said it held cash at the bank of AU$43.3 million as of March 31.The company's shares rose past 1% in recent Wednesday trade.

ASX:WC8

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