Wildcat Resources a Standout in Market Hungry for Lithium -- Market Talk

Dow Jones
Jun 17

0354 GMT - Wildcat Resources stands out as one of the best lithium developers on the ASX, says Macquarie. It initiates coverage of the stock with an outperform rating and A$0.90/share target. The company has a large-scale hard-rock development asset close to key infrastructure in the "tier-one" mining jurisdiction of Western Australia, Macquarie says. Wildcat has completed a prefeasibility study and is advancing towards a definitive study in "a market hungry for lithium," says the bank. "We believe WC8 screens attractively on an EV/MRE [mineral resource estimate] basis relative to more established peers, particularly given the size of its resource base and advanced project status," Macquarie says. Shares are up 16% at A$0.55. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

June 16, 2026 23:54 ET (03:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10