Tabba Tabba Lithium-Tantalum Project
The Company recently entered into an exclusive, binding, conditional agreement to acquire 100% of the Tabba Tabba Lithium-Tantalum Project, which contains a group of granted mining leases, with large areas of outcropping pegmatites and a Mineral Resource estimate of 318Kt at 950ppm Ta2O5. Tabba Tabba was once one of four significant tantalum projects owned by Sons of Gwalia in the early 2000’s, which included Greenbushes, Pilgangoora and Wodgina. Tabba Tabba is the only asset from this group of projects that has not been explored for lithium. The other three projects have become significant lithium production assets.
The Tabba Tabba Lithium-Tantalum Project is located just 50km from Port Hedland, Western Australia and is nearby some of the world’s largest hard-rock lithium mines, with the district currently producing around 20% of global lithium supply. Wildcat believes the Tabba Tabba pegmatites are highly prospective for lithium mineralisation, noting that three of the four holes drilled outside the Tabba Tabba tantalum resource intersected pegmatite, host to high-grade lithium intercepts of 8m at 1.42% Li2O from 4m (TDRC02), 16m at 0.9% Li2O from 10m (TDRC03) and 1m at 2.00% Li2O from 40m to EOH (TDRC04).
Thirty-eight (38) outcropping pegmatites have been mapped across the Tabba Tabba tenement package and some of these are demonstrated to contain high-grade lithium mineralisation. Field checking by Wildcat has confirmed extensive pegmatites as detailed by detailed geological mapping from the 1980’s. Wildcat believes that the pegmatites have strong potential to host lithium mineralisation.