Wildcat Resources (WC8) H2 2024 earnings summary

Executive summary

• Transformational year marked by the acquisition of the Tabba Tabba Lithium Project and a $100M capital raise, positioning the company in the battery metals sector.

• Over 100,000m drilled at Tabba Tabba, discovery of Leia and Luke lithium pegmatites, and strong progress in de-risking the project.

• Continued advancement of the Mt Adrah Gold Project, with a 20.5Mt @ 1.1g/t Au resource and favorable gold price environment.

• Strengthened leadership team with key appointments, including a new Managing Director and CFO.

• Maintained a robust cash position to support ongoing exploration and development.

Financial highlights

• Operating loss after tax of $8.94M for FY2024, compared to $1.62M in FY2023.

• Net operating cash outflows of $2.68M, up from $1.04M in the prior year.

• $24.6M invested in exploration and acquisition, up from $1.7M in FY2023.

• Raised $101.76M in capital via share placements, excluding issue costs.

• Year-end cash and cash equivalents of $77.18M, up from $8.82M at June 2023.

Outlook and guidance

• Focus on advancing Tabba Tabba towards a Final Investment Decision, with key mine site approvals targeted between late 2025 and early 2026.

• Ongoing exploration across the Pilbara lithium portfolio and Mt Adrah Gold Project.

• Continued de-risking of projects and unlocking value through systematic exploration and studies.