Wildcat Resources Claims Major Lithium Discovery at Tabba Tabba
THE DRILL SERGEANT: Wildcat Resources (ASX: WC8) has claimed a “major lithium discovery’ from the first drilling program undertaken at the company’s Tabba Tabba lithium tantalum project in the Pilbara, near Port Hedland in Western Australia.
Wildcat Resources released the first assay results from maiden drilling at the Tabba Tabba project which it claims to confirm high-grade lithium mineralisation from surface in the project’s northern and central pegmatite clusters, demonstrating potential for a large-scale lithium camp.
Best results from the central cluster included:
TARC086
85 metres at 1.1 per cent lithium oxide (Li2O) from surface (down-hole length), including 59m at 1.5 per cent Li2O from surface and 218m at 0.8 per cent Li2O from 16m; and
TARC089 (down-hole length)
Including 22m at 1 per cent Li2O from 31m, including 23m at 1 per cent Li2O from 152m, including 51m at 1.5 per cent Li2O from 183m to end of hole – estimated true width is approximately 53m.
Best results from the northern cluster:
TARC055
21m at 1.1 per cent Li2O from 42m (est. true width);
TARC015
26m at 0.9 per cent Li2O from 76m (est. true width);
TARC005
20m at 1.3 per cent Li2O from 20m (est. true width); and
TARC001
16m at 1.1 per cent Li2O from 17m (est. true width).
Tabba Tabba is near some of the world’s largest hard-rock lithium mines, 47 kilometres from Pilbara Minerals’ Pilgangoora project and 87km from Mineral Resources’ Wodgina project.
“I’m confident we are in the early stages of a major discovery at Tabba Tabba and it’s been a welcome surprise to see the size of the system,” Wildcat Resources managing director Samuel Ekins said in the company’s ASX announcement.
“Over 95 per cent of all holes to date have intersected pegmatites and we eagerly await further rounds of assays.
“Our central pegmatite is now over 1.2kilometres long (open to the north), subvertical and outcropping at widths of over 50 metrrs which is very significant.
“Given our proximity to major global lithium projects including Pilgangoora and Wodgina, we see plenty of potential to uncover a large-scale lithium deposit across the extensive 3.2 kilometres trending pegmatite system.
“We anticipate receiving Foreign Investment Review Board (FIRB) approval for our acquisition of Tabba Tabba and Ministerial Approval by the end of September and bringing our first diamond rig onto site in early October, with more results from our initial drilling expected also.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE