Wildcat Resources (WC8) H2 2024 earnings summary

Executive summary

• Completed transformational acquisition of the Tabba Tabba Lithium Project, positioning for growth in the battery metals sector.

• Raised $100M in an oversubscribed placement, strengthening the balance sheet for exploration and development.

• Discovered significant lithium deposits (Leia and Luke) and advanced metallurgical and environmental studies.

• Continued progress at Mt Adrah Gold Project, with a 770,000 oz gold resource and ongoing exploration.

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

Financial highlights

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

• Net operating cash outflow of $2.68M (FY2023: $1.04M).

• $24.6M invested in exploration and acquisition (FY2023: $1.7M).

• Raised $101.76M in capital via share placements (FY2023: $5.62M).

• Year-end cash balance of $77.2M, up from $8.8M last year.

Outlook and guidance

• Focus on de-risking and advancing Tabba Tabba towards a final investment decision.

• Continued exploration across lithium and gold tenements, with further drilling and studies planned.

• Targeting key project milestones, including resource upgrades and permitting.