Wildcat raises $63m commitment for Pilbara lithium project

Photo: Wildcat Resources Limited

ASX-listed Wildcat Resources Limited announces it has received firm commitments from institutional and sophisticated investors to raise $100M from institutional and sophisticated investors for a placement to raise funds for its Tabba Tabba lithium-tantalum project in Pilbara, Western Australia (WA).

Executive Director Matthew Banks said “The demand for this Placement was significant, by leading international and domestic institutions, and our existing supportive shareholders. The Placement provides a strong balance sheet that allows the Company to accelerate discovery drilling andprogress development studies at our Tabba Tabba Lithium Project. We have an exciting 12 months ahead of us.”

Wildcat will use Placement proceeds for:

- Exploration, drilling, resource evaluation, and business development at its Tabba Tabba Lithium Project in WA;

- Permitting and project development studies (mining, baseline and heritage) at the Tabba Tabba Lithium Project;

- Continued exploration at the Bolt Cutter Lithium Project in WA, the Mt Adrah Gold Project in NSW, and other exploration projects; and

- General working capital (including costs of the Placement) and corporate costs.