Wildcat Resources (WC8) Q1 2026 TU earnings summary

Executive summary

• Announced a positive Preliminary Feasibility Study (PFS) for the Tabba Tabba Project, outlining a 17-year mine life and robust economics with a post-tax NPV (8%) of $1.2Bn and IRR of 22.9% at a forecast SC6.0 price of USD $1,384/t.

• Significant new greenfields lithium discovery at Bolt Cutter Central, 10km from Tabba Tabba, with high-grade spodumene pegmatites confirmed and multiple stacked pegmatite dykes identified.

• Strong cash position of $51.2M as of 30 September 2025, supporting ongoing exploration and development activities.

• Appointment of Jairo Bernal as CFO and Joint Company Secretary, enhancing executive leadership.

Financial highlights

• Cash at bank at quarter-end was $51.2M, with net cash outflows of $4.48M for the quarter, mainly for exploration and project studies.

• Cash inflows included $1.53M from R&D tax incentive, $0.6M in interest income, and $0.07M from convertible securities exercised.

• Payments to related parties totaled $0.215M for the quarter.

Outlook and guidance

• Next quarter plans include continued RC drilling at Bolt Cutter Central to define the extent of Harry and Hermoine pegmatite swarms and first-pass testing of additional soil anomalies.

• Progression of the Definitive Feasibility Study (DFS) at Tabba Tabba, finalization of environmental studies, statutory approvals, and heritage surveys.

• Ongoing regional exploration and tenement acquisition to expand the project pipeline.