The results of the drilling at Tabba Tabba, WA, as presented in the announcement by Wildcat Resources Limited, are indeed significant for several reasons:
- High-grade lithium mineralisation: The assay results indicate the presence of high-grade lithium mineralisation from the surface in both northern and central pegmatite clusters. This is a positive sign because high-grade deposits are more economically viable to mine and process.
- Broad widths: Many of the drill results show broad widths of mineralization (e.g., 85m, 218m). Broad widths are typically seen as positive in mining as they can lead to larger economic resources when depth and length are considered.
- Consistent mineralisation: Several intervals within the broader intercepts have shown consistent grades of Li2O, indicating the potential for sustained and economically viable mining operations.
- Proximity to existing major lithium mines: The Tabba Tabba project's proximity to Pilbara Minerals’ Pilgangoora Project and Mineral Resources’ Wodgina Project, which are known major hard-rock lithium mines, is a positive sign. It suggests that the region is geologically favorable for lithium deposits.
- Ongoing exploration: With over 66 drill holes pending assay and continuous drilling planned, there's the potential for even more significant discoveries in the coming months.
- Positive company sentiment: Wildcat's decision to deploy a diamond drill rig to accelerate the evaluation of the new discovery indicates confidence in the project.
- Strategic location: The mention of the project being near some of the world's largest hard-rock lithium mines adds strategic significance. Proximity to established mining operations could potentially provide infrastructure advantages, reduce logistical challenges, and may lead to strategic partnerships or acquisition interest in the future.
In summary, based on the provided information, the initial assay results from Wildcat's maiden drilling at Tabba Tabba, WA, appear to be positive and promising for the potential development of a significant lithium resource. However, it's essential to note that early-stage exploration results are just one part of a comprehensive evaluation process. Other factors, such as metallurgical test work, economic evaluations, environmental and social considerations, and market conditions, will also play crucial roles in determining the project's viability.
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