A$60M PLACEMENT TO FAST-TRACK TABBA TABBA DEVELOPMENT

Key points

• Wildcat Resources secures A$60M through an institutional placement to accelerate Tabba Tabba development.
• Placement receives strong support from existing and new institutional investors.
• Funds will be used for early works, exploration, and construction readiness at Tabba Tabba.

Full summary

Wildcat Resources Ltd has announced a successful institutional placement to raise A$60 million, aimed at accelerating the development of its Tabba Tabba Lithium Project in Western Australia. The placement, which involved the issue of approximately 196.7 million new fully paid ordinary shares at A$0.305 per share, was strongly supported by both existing and new institutional investors. The funds will be used to advance early development activities, including front-end engineering and design of the process plant, road and village development, site establishment, and exploration activities. The Tabba Tabba Project, located 80km from Port Hedland, has a maiden JORC Mineral Resource estimate of 74.1Mt at 1.0% Li2O. Wildcat continues to progress towards the completion of a Definitive Feasibility Study (DFS) targeted for release in CY2026.

Outlook

Wildcat Resources is optimistic about the Tabba Tabba Project's potential, with plans to deliver a Definitive Feasibility Study later in 2026 and achieve first production in the lithium cycle.