Lithium developer Wildcat Resources has secured firm commitments to raise AU$60 million through a share placement, to accelerate early works at its Tabba Tabba lithium project in Western Australia’s Pilbara region.
The capital raise involves the issuance of approximately 196.7 million new fully paid ordinary shares priced at 30.5 cents per share.
Proceeds from the capital injection will fund crucial early development activities, including front-end engineering and design (FEED) for the process plant, site establishment, access road construction, accommodation village development, and the potential procurement of long-lead items.
Funds will also support ongoing regional exploration, including resource conversion at the Bolt Cutter prospect, and general working capital.
Wildcat is currently progressing a definitive feasibility study (DFS) for the project, which remains targeted for completion later in 2026.
The company is simultaneously advancing offtake and project financing discussions with commercial banks, specialist financiers, government funding agencies, and Tier-1 customers.
“The demand for the placement is a strong endorsement of the quality of the Tabba Tabba Project and our strategy to bring forward early development activities,” said Wildcat Executive Director Matthew Banks.
“Wildcat is now well positioned to deliver the DFS later this year and ultimately achieve first production in this lithium cycle.”
Located on granted mining leases just 80 kilometres by road from Port Hedland, Tabba Tabba sits in close proximity to major hard-rock operations such as Pilgangoora and Wodgina. Tabba Tabba is the last of these assets to be explored and developed for lithium mineralisation.
The placement will occur in two tranches, with the initial tranche of 183.6 million shares settling on September 25, followed by a smaller tranche subject to shareholder approval at a general meeting scheduled for November.
