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Wildcat Resources Ltd. ( (AU:WC8) ) just unveiled an announcement.
Wildcat Resources has expanded the known footprint of its Bolt Cutter Central lithium discovery in Western Australia, with exploration drilling extending interpreted spodumene-bearing mineralisation by about 300 metres to the north. The stacked pegmatite system now spans more than 2.3 kilometres to the northwest and up to 800 metres to the northeast, and remains open in most directions.
Assay results from a metallurgical drilling program confirmed spodumene in all sampled holes, with intercepts such as 9.4 metres at 1.3% Li2O from shallow depths supporting the project’s potential. The company is about to commence RC drilling to further extend and infill the discovery for resource modelling, while first-pass exploration on an adjacent tenement and a strong cash position of $48.5 million underpin ongoing work at Bolt Cutter Central near its Tabba Tabba project.
The most recent analyst rating on (AU:WC8) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Wildcat Resources Ltd. stock, see the AU:WC8 Stock Forecast page.
More about Wildcat Resources Ltd.
Wildcat Resources Ltd. is an Australian lithium explorer and developer focused on projects in Western Australia’s Pilbara region. The company is advancing its Bolt Cutter Central and nearby Tabba Tabba lithium projects, targeting hard-rock spodumene deposits to supply the growing battery and electric-vehicle materials market.
Average Trading Volume: 6,247,723
Technical Sentiment Signal: Buy
Current Market Cap: A$529.2M
For an in-depth examination of WC8 stock, go to TipRanks’ Overview page.