Northern Area: Drilling has discovered a cluster of shallow-dipping lithium bearing pegmatites in the northern area of the Tabba Tabba Mining Leases. The Northern Cluster of lithium pegmatites lie to the north of the Tabba Tabba tantalum deposit and continue towards the boundary of M45/375. Wildcat commenced drilling in this area, as historic sterilisation drilling for a tailings storage facility (TSF) had returned high-grade lithium results including 8m at 1.4% Li2O from 4m (TDRC02).

This area also abuts FMG's Exploration Licence where a lithium discovery has been made. The Northern Cluster comprises The Hutt and Han pegmatites and both are interpreted to be stacked, shallow northeast dipping bodies. To date, Wildcat has drilled 35 RC holes for 6,259m into the Northern Area, with most of the drilling (28 RC holes for 4,993m) testing The Hutt pegmatite.

Assay results have now been received for 24 of the 35 holes drilled to date, with all but two of the results being for samples from The Hutt. New results include 22m at 1.0% Li2O from 37m in TARC082 (including 16m at 1.3% Li2O from 39m); and 20m at 0.7% Li2O from 85m in TARC076 (including 12m at 1.1% Li2O from 90m). The recent results complement previously reported results on the same section of 25m at 0.9% Li2O from 13m in TARC006 (including 16m at 1.3% Li2O from 17m) and 29m at 0.8% Li2O from 75m in TARC015.

Additional previously reported results along strike from Cross Section 4 include 21m at 1.0% Li2O from 42m in TARC055 (including 15m at 1.4% Li2O from 45m), 26m at 1.0% Li2O from 17m in TARC005 (including 20m at 1.3% Li2O from 20m) and 21m at 0.9% Li2O from 15m in TARC001 (including 16m at 1.3% Li2O from 17m). The thickest part of The Hutt pegmatite intersected so far is nearly 30m wide, it has been defined by drilling over 400m strike length, and it has been intercepted to 275m down-dip. The lithium mineralisation at The Hutt remains open at depth, along strike and additional pegmatite bodies occur at depth and nearby (e.g. the Han Pegmatite, which has so far only had seven RC holes for 1,266m drilled, 5 holes with assays pending, is located only 200m to the southwest).

The Northern Cluster is located under an area previously permitted for mining activity and cleared for a tailings storage facility which bodes well for future mining permitting. The Company will continue to explore the Northern Cluster, including The Hutt, Han and adjacent areas, however at present the focus will be on the Central Area due to the differential in scale potential. Four RC holes (TARC018-021) for 666m were drilled from the north side of the Tabba Tabba Tantalum deposit towards the southwest to gain a better understanding of the geometry and mineralisation of this pegmatite body below the limits of historical resource drilling (approximately 35m below surface).

A best lithium result of 2m at 0.61% Li2O was returned from TARC020 from 148m depth. No significant lithium results were returned from the other three holes. The drilling of the pegmatite at the Tabba Tabba Tantalum deposit was part of the early phase, scout drilling program focused on identifying the best lithium targets.

The drilling was very limited in scope and there remains considerable potential at the Tabba Tabba deposit to define extensions to the high-grade tantalum resource and to explore for adjacent lithium-rich zones. Next Steps: Maintain aggressive drilling of the Central Cluster, focusing on high-grade and thick lithium mineralisation in Leia, utilising the diamond rig for down-dip and down-plunge targets; Explore the extents of, and infill drill priority targets at the Leia, Chewy and Boba pegmatites in the central area; Continue to develop the geological model as logging data and analytical results are received and use this to prioritise resource development drilling and exploration targeting; Processing of core and collection of composite samples for initial metallurgical test work; Progress early-stage studies to support evaluation and permitting processes; Explore the multiple outcropping pegmatites that remain underexplored or untested and commence drilling for pegmatite targets under shallow alluvium.