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2026-11-06
◂ Monitor WC8 ASX

Wildcat Resources Limited

DFS Unfunded Developer · Lithium · AU Rating locked: sign in to view v8.1 · wc8-20261102t225742-full
Last 2026-11-06
A$0.215
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$343.5M
EV
A$267.8M
Cash
A$76.1M
Debt
A$0

Portfolio detail

Assets

2 assets

Core asset

Tabba Tabba lithium project (Leia and Luke spodumene, DFS)

AU

DFS Unfunded Developer100% ownedLithium

DFS completed 26 Oct 2026; pre-FID; environmental approvals (EP Act Part IV, EPBC preliminary documentation) and secondary approvals in progress; financing targeted for FID in 2027

Developer · DFS unfunded developer
Study
DFS
Post-tax NPV (study prices, attributable)
A$1.5bd
NPV restated at our deck (attributable)
Locked
IRR
28.4%s
Initial capex (100%)
A$774.0ms
Capital intensity
A$25,917/(t/yr)d
LoM AISC
A$1,009/ts
Mine life
15.0 yrss

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVA$1.5B8% discount
IRR28.4%Published return
Initial capexA$774MPublished capital estimate
NPVA$2.1B8% discount
IRR33.2%Published return
Initial capexA$774MPublished capital estimate

Post-tax NPV8 real, ungeared, valuation date at early works (Jan 2027), SC6 US$1,500/t flat, AUD:USD 0.70

Pre-tax NPV8 real, same inputs

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourceindicated and inferred (total)73.5M t1.00% Li2OLithium2026-04-30
Mineral Resourceindicated69.1M t1.01% Li2OLithium2026-04-30
Ore Reserveprobable48.3M t0.97% Li2OLithium2026-10-26
Tenements4
ten-m45-354Granted— None · No expiry supplied
ten-m45-375Granted— None · No expiry supplied
ten-g45-361Application— None · No expiry supplied
ten-l45-848Application— None · No expiry supplied
Milestones2
  1. Final investment decision and project financing (targeted during 2027)

    Pending · High materiality

  2. Construction start (July 2027) and plant commissioning (January 2029)

    Pending · High materiality

Permits & approvals4
PermitJurisdictionStatusExpiryCritical path
EPBC Act approval (controlled action, preliminary documentation)CommonwealthPending—Yes
Environmental Protection Act Part IV assessmentWestern AustraliaPending—Yes
Mine Development and Closure Proposal (Mining Act)Western AustraliaRequired—Yes
Groundwater abstraction licence (up to 6 GL)Western AustraliaPending—No
Economic studies2
StudyStageStatusDateSummary
Tabba Tabba DFS (26 Oct 2026), spodumene onlyDFSCurrent2026-10-26Post-tax NPV8 A$1,503M, IRR 28.4%, US$1,500/t SC6 FOB flat, A$0.70 AUD:USD, pre-production capital A$774M, LOM 15 years, 543ktpa average SC5.5.
Tabba Tabba PFS (July 2025), supersededPFSSuperseded2025-07-29Superseded by the DFS. The DFS table compares it: post-tax NPV8 A$1,193M, IRR 22.9%, pre-production capital A$687M, 17-year life at US$1,384/t.

Material

Bolt Cutter Central lithium pegmatite (exploration)

AU

Discovery Drill Stage100% ownedLithium

Discovery drilling confirmed a stacked spodumene pegmatite footprint of about 2.3km by 0.8km; maiden MRE targeted for Q4 2026

Exploration · Discovery drill stage
Ownership
100%r
Commodity
Li2Or
Country
AUr
Best recent intercept (grade x width)
24 %.md
Metres drilled (12M)
—
Exploration spend (12M)
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Milestones1
  1. Maiden Bolt Cutter Central Mineral Resource Estimate (targeted Q4 2026)

    Pending · High materiality

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)