Wildcat Resources : Quarterly Activities/Appendix 5B Cash Flow Report

ASX Announcement

29 July 2022

QUARTERLY ACTIVITIES REPORT - JUNE 2022

Highlights

At the Mt Adrah Gold Project in NSW, the Company completed field work, rock chip sampling, 3D modelling, and continued its soil sampling program. The Mt Adrah Gold Project has a significant intrusion-related gold system (IRGS) gold resource at Hobbs Pipe of 20.5Mt @ 1.1g/t Au for 770,000 oz Au1 and the Company has identified exciting proximal targets that could be significant extensions of the Hobbs IRGS system. Similarly, regional exploration has identified mineralisation at several prospects including an untested target at the Longfield Prospect which has similar geophysical and geological characteristics to Hobbs Pipe. The Company is excited by these targets and is actively progressing them towards drilling in the next few months.

At the Bolt Cutter Project in the Pilbara region of Western Australia, assay results were returned for infill soil and rock chip sampling on the easternmost tenement of the group (E45/5612). Four prospective areas have been defined between regionally

Forimportant structures at the Bolt Cutter East Lithium Project, located 34km to the northwest of the Pilgangoora Lithium Project. Additionally, an application was made over E45/6155 located 10km along trend from Pilgangoora in an area prospective for lithium and with known tantalite occurrences. Further sampling and field work of the lithium prospects will be completed this quarter to define targets for drill testing.

1ASX Announcement 23rd Aug 2019: https://www.investi.com.au/api/announcements/wc8/f7bfeb66-04e.pdf

ASX Announcement

29 July 2022

Exploration Activities

Mt Adrah Gold Project - Lachlan Fold Belt, NSW onlyRegional Soil Sampling Program

The Company continued its regional soil sampling program during the quarter, collecting 132 samples from the Upper Spring Creek Prospect2 (Figure 1). Reconnaissance mapping and rock chip sampling commenced on several targets where the regional soil sampling has defined significant gold anomalies. 95 rock chip samples were collected at prospects including Upper Spring Creek, Yaven, Diggers Creek, and Hill 303. Encouraging mineralisation was observed at all four prospects and the results from the rock chips are expected in the September quarter. Reconnaissance also commenced on EL9063 near Gold

useSmelter Road and at the Longfield Prospect, an area with no known previous exploration and exhibiting a similar magnetic anomaly and intrusive rocks to Hobbs Pipe (Figure 2). The soil anomalies, along with regional rock chip and mapping data, will be evaluated for drilling in the current September quarter.

personalFor

Figure 1: RTP TIM magnetic image showing status of regional soil assays and recent rock chip sampling over priority targets at Mt Adrah

2 ASX announcement 23rd March 2022: https://www.investi.com.au/api/announcements/wc8/9eca4540-f12.pdf

ASX Announcement

29 July 2022

onlyuse

personalFigure 2: The Mt Adrah Project showing TILT derivative magnetic images at Hobbs Pipe and the Longfield Prospect where similar intrusive rocks to those that occur at Hobbs Pipe were identified

Greater Hobbs Pipe

Hobbs Pipe is an IRGS associated with the regionally significant Gilmore Suture Zone. The current Hobbs Pipe resource is confined to a 200m diameter zone within a monzodiorite that intrudes a package of sediments. Two high-gradegold-bearing veins named White Deer Reef and Castor Reef occur to the east and have returned a best intercept of 10m at 17.7 g/t Au from 506m (GHD009)3. The Company has highlighted the potential for a larger intrusive complex that could host more mineralisation extending to the southeast of Hobbs Pipe where coincident gold (>50 ppb) and arsenic (>100 ppm) soil geochemical anomalies and an area of intense hornfels alteration occurs (Figure 3)4. Further evidence for the existence

Forof a larger intrusive complex occurs in MAGD001, drilled by Sovereign Gold in 2014. MAGD001 is located approximately 1km southeast of Hobbs Pipe and contains brecciation and gold mineralised monzodiorite. The drill hole is proximal to outcropping monzodiorite surrounded by hornfels altered metasediment which is interpreted as an exoskarn related to the larger intrusive system5. The interpreted IRGS/intrusive pipe-style and reef-style targets are shown on Figure 4. The Company is progressing permitting and sourcing a suitable drill rig to commence drilling the IRGS targets in the greater Hobbs Pipe area in the current September quarter or early in the December quarter.

1. ASX announcement 04 November 2021:https://www.investi.com.au/api/announcements/wc8/b3aa6be8-934.pdf
2. ASX announcement 08th September 2021:https://www.investi.com.au/api/announcements/wc8/c040c9ac-eef.pdf
3. ASX announcement 07 June 2022:https://www.investi.com.au/api/announcements/wc8/558e96d3-5cf.pdf

ASX Announcement

29 July 2022

onlyuse

personalFigure 3: The Hobbs Pipe area showing the location of the Hobbs Pipe gold deposit, the White Deer and Castor Reefs and the associated Au and As alteration halos

For

Figure 4: RTP 1VD magnetic image with known mineralisation in white and conceptual exploration targets in blue

ASX Announcement

29 July 2022

Bolt Cutter Project - Mallina Basin, Pilbara WA

During the quarter 580 soil samples on a 250mx250m spaced infill grid and 68 rock chip samples were completed over the Bolt Cutter East Lithium Project where a 14km long >50ppm Li and fractionated onlypegmatite anomaly occur6. The Bolt Cutter East Lithium Project is located on E45/5612 to the east of the Tabba Tabba Shear, approximately 50km southeast of Port Hedland and 34km northeast along trend of

the Pilgangoora Lithium Project (Figure 6).

The assay results have confirmed four priority areas of interest that are enriched in trace elements and show a fractionation trend towards Lithium-Caesium-Tantalum (LCT) composition (Figure 5). Rock chip sampling and mapping identified large beryl crystals up to 4cm in diameter along a 1.3km long northwest usetrend through the central area of interest shown on Figure 6. The occurrence of beryl is another positive indicator of an evolved pegmatite source. The Company made an application over E45/6155 located 10km along trend from Pilgangoora and prospective for LCT pegmatites, with several recorded tantalite occurrences. It will continue to progress this application. Further work on the lithium prospects will be

completed in the current quarter to define targets for drill testing.

Wildcat's application over E45/5613 was affected by ongoing objections associated with a railway line, personalso Wildcat repegged the tenement as several smaller tenements to avoid the railway: E45/6204, E45/6203, E45/6202, E45/6205, E45/6200, E45/5806, and E45/6201. The Company expects these to progress to grant

before the end of the year. For

Figure 5: Mg/Li vs Li plot of rock chips collected from E45/5612 showing fractionation trend towards LCT composition

6 ASX announcement 28 March 2022:https://www.investi.com.au/api/announcements/wc8/b044a96d-401.pdf