WC8’s maiden Tabba Tabba Resource is reported as a headline 74.1Mt grading 1.0% Li2O for 741kt of Li2O. This beats our internal Argonaut Exploration Target of 65Mt grading 1.0% Li2O. With 94% Indicated material, this MRE is expected to provide foundation for mining studies scheduled for release in mid-CY2025.This MRE grows significantly with lowering of cut-off grade and we expect the mining inventory to ultimately incorporate some grade dilution. Tabba Tabba’s shallow plunge will result in large tonnages of mineralisation being exposed at each vertical metre and across broad intervals. This will simplify mining and processing requirements. Future catalysts are expected to include metallurgical variability testwork and development studies. Regional exploration could yet generate new discoveries.
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