Wildcat Resources Limited announced that assay results have been returned for RC drilling and rock chip sampling at the Wildplay JV Project in the Eastern Goldfields, WA. The results were reviewed by consulting geochemist Dr Nigel Brand and confirm the presence of evolved LCT pegmatites with geochemical vectors indicating a prospective NNE trending corridor extending from Red Panda to the eastern margin of the Wildplay JV tenements. Follow up field work is to commence imminently.

Red Panda RC drilling results: Assay results from samples of pegmatites intercepted by RC drilling at Red Panda show a clear trend in their composition, from a highly fractionated granite through evolved fertile granite to spodumene LCT pegmatite. This is based on assay results of Li and Mg, and further analysis of Nb, Ta, K, Rb, Ga, Zr, Hf and Cs. Despite low Li values, the geochemical data show that the first phase of drilling has intercepted enriched LCT pegmatites that may be associated with mineralized LCT pegmatites nearby.

Further surface sampling and drilling is required to identify the mineralized zones. Of additional significance is increasing Li trends in two holes, RPRC0005 and RPRC0006, suggesting possible near misses (10m to 20m proximity) to a mineralised LCT pegmatite. RPRC0006 shows a significant increase from 200ppm Li at 52m to 400ppm Li to the end of hole in the lower amphibolite facies basalt host rock after passing through 39m of evolved LCT pegmatite from 13m that returned up to 0.09% Li.

The increasing Li in the footwall mafic rocks suggests proximal alteration and increasing proximity to LCT pegmatite in RPRC0006 with depth. Similarly, RPRC005 returned 0.14% Li at 33m to 35m in amphibolite facies basalt suggesting proximal near miss alteration at that depth. Wildplay reconnaissance rock chip results: Assays returned from fieldwork completed in late October in combination with samples collected by Fairplay Gold in 2020 show a profound pegmatite fractionation trend when plotted on a LCT rock classification graph of Li against a ratio of Mg/Li.

Note that the samples plotting in the mineralised LCT range were collected by Fairplay Gold and are sourced from the Red Panda costean and the Ubini Prospect. The fractionation trend, coupled with Rb anomalies identified in open file data, can be used as a geochemical vector. The vector shows that the pegmatites at the Wildplay JV range from barren through to lepidolite rich and become progressively more evolved and prospective for LCT mineralisation at the P2 Prospect and towards the eastern side of the tenement package at Red Panda and continuing NNE.

A NNE trending priority target corridor has been identified for detailed soil geochemical sampling to delineate targets for follow up RC drilling.