Wildcat Resources (ASX:WC8) is a Perth-based lithium developer advancing its flagship Tabba Tabba Project in Western Australia’s Pilbara region, approximately 80km from Port Hedland and close to Pilgangoora and Wodgina. Tabba Tabba hosts a 74.1Mt Mineral Resource grading 1.0% Li₂O, including a 46.3Mt probable ore reserve at 0.99% Li₂O. The July 2025 PFS outlined a A$1.2 billion post-tax NPV8, 23% IRR and A$687 million development cost. Wildcat is raising approximately A$50 million at A$0.305 per share to fund early works, engineering, long-lead items, exploration and working capital. A DFS is targeted for Q4 2026, with first production targeted in 2028.

• The Company is seeking to raise approximately A$50 million by way of a single tranche institutional placement of approximately 163.9 million new fully paid ordinary shares in the Company (“New Shares”) at A$0.305 per New Share (“Offer Price”) (“Placement” or the “Offer”).

• The Placement will utilise the Company’s available placement capacity under ASX Listing Rule 7.1.

• The Company reserves the right to accept oversubscriptions.

Funds raised, together with existing cash, will be applied to:

• Development of Tabba Tabba early works programme, village early works, process plant engineering and long lead items;
• Regional exploration; and
• General working capital.

• Tier-one Pilbara location: Situated in Western Australia’s highly prospective Pilbara lithium region, approximately 80km from Port Hedland and close to the Pilgangoora and Wodgina lithium operations.
• Strong development footing: A large, consolidated regional landholding under a granted mining lease, providing a clear pathway toward development.
• Demonstrated exploration success: Wildcat has made three lithium discoveries in three years—Leia, Luke and Bolt Cutter—highlighting further regional growth potential.
• Large-scale, high-confidence resource: Tabba Tabba hosts a 74.1Mt JORC Mineral Resource grading 1.0% Li₂O, containing 740kt of Li₂O, with 94% of the resource in the Indicated category.
• Robust PFS economics: The July 2025 PFS outlined a post-tax NPV8 of A$1.2 billion, a post-tax IRR of 23% and a 5.4-year payback period, based on a long-term spodumene price assumption of US$1,384/t.
• Scalable processing profile: Initial plant throughput of 2.2Mtpa, with scope to expand production capacity to 4.5Mtpa.
• Competitive projected operating costs: Forecast C1 costs of US$541/t and all-in sustaining costs of US$658/t.
• Defined development timeline: DFS targeted for Q4 2026, construction expected to commence in H2 2027, and first lithium production targeted during 2028.
• Strategic partnership upside: Offtake remains open, allowing Wildcat to pursue optimal funding, marketing and strategic-partner arrangements.