Earnings release
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ASX Announcement 28 January 2021 QUARTERLY ACTIVITIES REPORT 31 DECEMBER 2020 Highlights • • - Completion of high impact diamond drill programme at Mt Adrah Phase II gold target generation at Mt Adrah commenced in preparation for the 2021 drilling programme Airborne magnetics survey and reconnaissance field work at Bolt Cutter Project Mallina Province , Pilbara WA The Company remains well - funded with $ 3.82M cash at hand Wildcat Resources Limited ( ASX : WC8 ) ( " Wildcat ” or “ the Company " ) pleased to present its Activities Report and Appendix 5B for the period ending 31 December 2020 . The Company completed Phase 1 and 2 of the exploration programmes in 2020 which entailed mapping , soil sampling and remodelling of historical IP targets . This work has given the exploration team valuable insights into the controls on mineralisation in this gold - rich system and hence the best exploration methods to deploy in 2021. The project has a significant gold resource at Hobbs Pipe of 20.5Mt @ 1.1g / t Au for 770,000 oz Au¹ , and multiple gold prospects that haven't been systematically explored since the 1980's . The Company's experienced geological team has been developing a number of areas along the 18km strike of the Gilmore Suture at the Mt Adrah Gold Project and we look forward to drill testing the highest ranked targets in 2021 . Exploration Activities Mt Adrah Gold Project – NSW - Soil Sampling Programme The Company commenced a major soil sampling programme in December 2020 which is scheduled to be completed by the end of January 2021. It is anticipated some 3,000 samples will be taken regionally across a range of areas along the 18km of strike on the Gilmore Suture . The system holds high grade gold tenor results from rock chips and drilling which is very encouraging for upcoming exploration programmes in 2021 . This is the largest sampling programme the Company has initiated and it will give the geological team significant insight into regional targets as well as targets in close proximity to Hobbs Pipe . The land package has been through a number of hands over the last few decades and much of the data is piece - meal and inconsistent . It is also noted that detection levels in assaying for gold over 20 years ago may have rendered WILDCAT RESOURCES ASX Code : WC8 Director : Director : Director : Director : Matthew Banks Alex Hewlett Aidan Platel Tom Bahen Secretary : Secretary : Zane Lewis James Bahen REGISTERED OFFICE Suite 6 , 295 Rokeby Rd , Subiaco , WA , 6008 Postal Address Suite 6 , 295 Rokeby Rd , Subiaco , WA , 6008 WEBSITE www.wildcatresources.com.au T : +61 ( 8 ) 6555 2950 F : +61 ( 8 ) 6166 0261 ACN : 098 236 938 Wildcat Resources Ltd Wildcat Resources is a company focussed on discovery with strategic land holdings in three world class provinces . The Mt Adrah gold project in the Lachlan Fold ( NSW ) , the Pilbara Gold project and the Fraser Range project both in WA . The company has secured a Tier One technical team to help advance these projects . 1 Fraser Range Metals to Acquire Mount Adrah Gold Project on 28/08/2019 https://www.asx.com.au/asxpdf/20190823/pdf/447s52fxbdmrfc.pdf FOR ENQUIRIES PLEASE CONTACT : info@wildcatresources.com.au T : +61 ( 8 ) 6555 2950