Wildcat Resources (WC8) Q3 2025 TU earnings summary

Executive summary

• Tabba Tabba Phase 2 PFS metallurgical testwork produced 5.60% Li₂O concentrate at 84.5% recovery, consistent with Phase 1 results.

• Inaugural Mineral Resource Estimate (MRE) for Tabba Tabba: 74.1Mt at 1.0% Li₂O (0.45% cut-off), with 94% in Indicated category.

• High-grade lithium intersections reported from Leia hanging wall pegmatites and ongoing exploration at Bolt Cutter and Mt Adrah projects.

• Cash at bank of $60.0M as of 31 March 2025, supporting ongoing studies and exploration.

Financial highlights

• Net cash outflows for the quarter: $1.06M from operations, $2.89M from investing, offset by $0.28M from financing.

• Interest income for the quarter: $0.74M.

• Cash and cash equivalents at quarter end: $59.96M, providing over 21 quarters of funding at current burn rate.

Outlook and guidance

• PFS for Tabba Tabba advancing, with DFS testwork and environmental approvals in progress.

• Third phase of metallurgical testwork and process design to be completed in the June quarter.

• Continued exploration at Bolt Cutter and Mt Adrah, with drill permitting and heritage surveys underway.