Wildcat Resources (WC8) H2 2025 earnings summary

Executive summary

• Advanced the Tabba Tabba lithium project with a maiden Mineral Resource Estimate (MRE) of 74.1Mt at 1.0% Li₂O and completed a Pre-Feasibility Study (PFS) showing robust economics and a 17-year mine life.

• Initiated a Definitive Feasibility Study (DFS) for Tabba Tabba, fully funded by a year-end cash balance of $55.1M.

• Discovered new lithium-bearing pegmatites at the Bolt Cutter Project, expanding exploration potential.

• Continued exploration at the Mt Adrah gold project, which holds a 20.5Mt resource at 1.1g/t Au for 770,000oz.

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

Financial highlights

• Operating loss after tax for FY25 was $8.2M, an improvement from $8.9M in FY24.

• Net operating cash outflows totaled $2.75M (FY24: $2.68M).

• Exploration investment was $17.6M, down from $24.6M in the prior year.

• Year-end cash and cash equivalents stood at $55.1M.

• No dividends declared or paid.

Outlook and guidance

• DFS for Tabba Tabba is progressing, targeting completion in 2026.

• Ongoing aggressive exploration at Bolt Cutter and Mt Adrah, with further drilling planned.

• Well positioned to deliver Tabba Tabba into production when lithium market conditions improve.