Highlights

  • Lithium mineralisation at Bolt Cutter Central has been defined over more than 2.0km, with drilling confirming a stacked pegmatite system open in multiple directions.
  • Definitive Feasibility Study work at Tabba Tabba advanced, including metallurgical testwork and a strategic adjoining tenement acquisition.
  • Wildcat ended the quarter with USD 48.5 million in cash, supporting ongoing exploration and development activities.

 

Shares of Wildcat Resources Limited (ASX:WC8) jumped 2.30% to AUD 0.44 per share on 16 January 2026 during morning trading session following its Quarterly Activities Report for the period ended 31 December 2025, outlining continued exploration success at the Bolt Cutter Central Lithium Project and progress on development studies at the Tabba Tabba Project in Western Australia’s Pilbara region. The company also reported a cash balance of USD 48.5 million at the end of the quarter.

Bolt Cutter Central Discovery Continues to Grow

During the December quarter, Wildcat continued reverse circulation drilling at its Bolt Cutter Central Lithium Project, located approximately 10km west of the Tabba Tabba Project. Drilling expanded the known footprint of spodumene-bearing pegmatites to more than 2.0km along strike and up to 800m across, confirming a large, stacked lithium-caesium-tantalum (LCT) pegmatite system.

Multiple drill holes returned high-grade lithium intersections, including 12m at 1.65% Li₂O, 11m at 1.32% Li₂O, and 9m at 1.84% Li₂O. Results from drilling between the Harry and Hermione pegmatite swarms indicate the mineralisation forms part of a single, extensive system rather than separate bodies.

The company said mineralisation remains open along strike and at depth, with diamond drilling scheduled to commence in January 2026 to further test the scale of the discovery and provide samples for metallurgical studies.

Tabba Tabba DFS and Tenement Expansion

At the Tabba Tabba Project, Wildcat continued to advance its Definitive Feasibility Study, with metallurgical testwork nearing completion. The studies focused on refining the processing flowsheet and assessing the potential to convert material previously classified as waste into ore, including material from the Chewy pegmatite.

During the quarter, Wildcat also completed a strategic tenement acquisition through a binding swap agreement with Northern Star Pilbara. The acquired exploration licence adjoins existing mining leases and is expected to be incorporated into mine planning and surface layout within the DFS. The transaction was completed without cash consideration or equity issuance.

Metallurgy and By-Product Opportunities

Metallurgical testwork confirmed the potential for processing additional lithium-bearing material and outlined a gravity processing flowsheet for tantalum mineralisation. Test results indicate the potential to produce a tantalum concentrate grading above 5.0% Ta₂O₅, with recoveries of 60–65%, alongside niobium and tin credits.

Outcomes from the testwork are being incorporated into mine planning and processing design for the DFS, which remains scheduled for completion in 2026.

Agreements, Exploration and Cash Position

Wildcat executed a Native Title Agreement with the Nyamal native title holders during the quarter, establishing a framework for project development and cultural heritage management at Tabba Tabba.

As of 31 December 2025, the company held USD 48.5 million in cash. Planned activities for the March 2026 quarter include further drilling at Bolt Cutter Central, continued DFS work, environmental studies and regulatory approvals.

Shre performance

Including today’s gain, WC8’s share price has surged nearly 78% in a year and over 17% since the beginning on 2026.