Summary of Wildcat Resources (WC8) Conference Call Company Overview - Wildcat Resources has approximately 1.3 billion shares outstanding and a market capitalization of about $240 million with $55 million in cash reserves [1] Key Projects - The company has two main projects: - Mt. Adra project in New South Wales with approximately 779,000 ounces of gold [2] - Tabataba lithium project in the Pilbara region, which is the flagship project [2] Recent Developments - Wildcat Resources has made significant progress in the past year, including: - A maiden resource announcement and ore reserve declaration [2] - A new discovery at Tabataba [2] - Completion of a Pre-Feasibility Study (PFS) and commencement of a Definitive Feasibility Study (DFS) [2][20] Tabataba Lithium Project Highlights - The Tabataba project has previously been mined for Tantalum, which provides a foundation for environmental studies and permits [4] - The project is strategically located 80 kilometers from the port, with transportation costs of $35 per tonne, significantly lower than the industry average of $150 to $250 per tonne [5] - The project features large spodumene dominant pegmatite deposits with low dilution and low stripping costs [6] - The maiden resource was converted to an ore reserve within seven months, achieving a 94% confidence level [7] Financial Metrics - The life of mine free cash flow is projected at approximately GBP 3.2 billion after tax, with a net present value (NPV) of $1.2 billion at broker consensus prices [9] - The mine life is estimated at 17 years with a life of mine strip ratio of 7.8:1 [9] - Initial capital expenditure (CapEx) is projected at $443 million, with operating costs of $5.41 per tonne of concentrate and all-in sustaining costs of $6.58 per tonne [10] Exploration and Future Plans - Ongoing regional exploration has led to new discoveries, including Bolkuta, which shows potential for future feed into the Tabataba plant [8][21] - The lithium market has seen a 386% increase from 2020 to 2025, with predictions of a further increase of 377% by 2027 [24] - Wildcat Resources is exploring various funding options, including equity, debt, government funds, and strategic investments to support project development [24][25] Strategic Advantages - The company is well-positioned in the Pilbara region, with a commanding land position and successful regional exploration efforts [25] - The Tabataba project is highlighted as one of the best undeveloped lithium projects globally, supported by a strong team with extensive experience in mining and finance [26]