Further analysis is required on mineralised samples from the Han pegmatite, however based on UV fluorescence and the Company's updated exploration model, it is likely the area directly north of the central Tabba Tabba tantalum pegmatite (Han) should mirror the area directly south (Leia). Therefore, it appears the Han pegmatite is potentially hosted in an equivalent position to the Leia pegmatite. With the potential for another stacked, spodumene dominant pegmatite and the long, undrilled strike extent immediately adjacent to existing high-grade drill intercepts, the priority of the Han pegmatite has been escalated and Wildcat expects to drill this soon.

Wildcat's initial exploration model interpreted three pegmatite suites defined by their surface mineralogy. These consisted of: The central Tabba Tabba pegmatite (tin/tantalum), An interpreted "transitional pegmatite" phase, occurring within a ~500m radius of the Tabba Tabba pegmatite. This was expected to grade away from tin/tantalum towards lithium, but with higher percentages of mica.

Albite-spodumene pegmatite representing all other pegmatites on the lease and previously classified as "simple albite pegmatites". A drone survey was flown prior to drilling commencement and extensive additional outcropping pegmatites were identified. Subsequent drilling focused on priority areas resulting in the discovery of The Hutt, Han, Leia, Chewy and Boba Prospects.

The recently received XRD has improved the geological team's understanding of the mineralogy and its spatial relationships. The driver for the change in mineralogy from spodumene in the south to mixed petalite and spodumene at The Hutt in the north is interpreted to be a change in pressure at the time the pegmatite melt crystallised. Petalite typically occurs in lower pressure environments, whilst spodumene will typically form in higher pressure environments.

Although based on limited data, the apparent spatial transition from mixed petalite-spodumene mineralised pegmatite in the northern extremities of the Tabba Tabba pegmatite system, to a tantalum pegmatite deposit, and then to the very large spodumene-dominant Leia pegmatite suggests an increase in pressure towards the south. This has implications for prioritisation of exploration of the central and southern pegmatite clusters along their strike extent and at depth as pegmatites which may be thin or geochemically weak at surface can transition into attractive targets due to changes in the geological setting (host rock, lithostatic pressure, etc.). The success of exploration drilling at the Leia deposit is an example of the need for a significant and maintained exploration drilling campaign across the Tabba Tabba pegmatite field.

The surface expression of the central cluster of pegmatites (where Leia was discovered) were thin and generally returned low geochemical responses. With continued exploration, thickness and grade were demonstrated to significantly improve with depth. Exploration recommenced at Tabba Tabba in early January after a short break in December to upgrade facilities.

The exploration activities will continue to ramp-up with the mobilisation of additional drill rigs and field crew. Geological mapping and sampling programs recommenced in January and geophysical surveys including ground magnetics and ground gravity are expected to commence in Q1. Approximately 100,000m of drilling has been planned for the first half of 2024, with the intent to continue extending Leia and increase confidence in the deposit.

Exploration drilling will also continue on other pegmatite systems to define an additional and meaningful discovery. BHM Process Consultants Pty Ltd. ("BHM") will assist Wildcat with planning and management of the metallurgical test work program of the pegmatite-hosted lithium mineralisation from the Leia deposit. BHM has worked closely on some of Australia's biggest lithium deposits including Pilgangoora, Altura /Ngungaju, Mount Holland and Bald Hill and has expertise that will aid the understanding of mineral processing requirements at Tabba Tabba.

About 250kg of diamond drill core samples from Leia will undergo first pass sighter metallurgical test work at Nagrom under the guidance of BHM. Nagrom is the larger privately owned metallurgical laboratory in Australia and recognised as an industry leader in lithium test work. Wildcat will provide updates on the metallurgical test work as the work progresses.

Next Steps: Mobilise additional drill rigs to Tabba Tabba, with six planned to be on site in 2024, Explore for the limits of Leia while commencing infill drilling, Resume exploration at Han and Boba at depth, Commence initial drilling of other pegmatites, Expand the mineralogical sampling program using the faster and more cost-effective FTIR analysis method to inform targeting and refine the exploration model and Progress permitting and evaluation studies for Tabba Tabba.