Wildcat funded for ‘aggressive’ drilling as Luke discovery grows

Wildcat Resources (ASX:WC8) says it is well funded, with more than $90 million in the bank, to complete an “aggressive” drilling program at its Tabba Tabba Lithium Project in Western Australia.

The exploration tilt comes after the company extended the Luke discovery at Tabba Tabba to more than 800m of strike, with recent intercepts measuring 43m @ 1.4% lithium oxide from 316m, and 54.4m @ 1.2% lithium oxide from 267.9m. 

The Luke pegmatite comprises a series of stacked bodies, the largest being upper-Luke which is up to 70m in width, followed by lower-Luke which is up to 40m wide. 

Managing Director AJ Saverimutto says these latest results confirm the discovery has broad zones sitting directly beneath the Leia pegmatite body.

“Luke has potential to have a significant positive impact on the overall system,” he says. 

“We have four rigs on-site, aggressively drilling new targets at Tabba Tabba. The Luke discovery is testament to the quality of our geological team and their target generation.” 

The company will continue ongoing resource drilling at its Leia pegmatite, as well as explore new search spaces across the project. 

Once completed, Wildcat will progress permitting and evaluation studies for the project. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Wildcat Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.