Ajanth Saverimutto has begun his managing director tenure at high-flying lithium explorer Wildcat Resources.
High-flying lithium explorer Wildcat Resources has a new managing director, with former non-executive director Ajanth Saverimutto taking on the role.
Mr Saverimutto told the market on Tuesday diamond drilling had returned to the company's Tabba Tabba lithium project, located 80 kilometres south of Port Hedland.
“The crews have been busy over the Christmas break upgrading our camp and site infrastructure for the continuation and expansion of our aggressive drill programs at Tabba Tabba," he said.
"We look forward to the months ahead as we continue to define and explore Leia and other pegmatite targets, whilst progressing our permitting and evaluation studies.”
Mr Saverimutto said the upgrades would allow for year-round drilling, even in wet weather, along with the exploration camp increasing its accomodation.
A Wildcat spokesperson told Business News employee numbers at the camp would likely rise from 29 to 85 by the end of February.
Wildcat entered a trading halt in November, prior to successfully raising up to $100 million in capital, to expand its plans at Tabba Tabba, a month after accquiring complete ownership of the site.
It's been a busy 12 months for the West Perth-based company, whose share price skyrocketed from 3 cents a share in January 2023, to 91.5 cents a share in November 2023.
Upon announcing Mr Saverimutto's promotion on January 5, Wildcat also announced that Alex Hewlett had resigned from his non-executive director position, effective immediately.
Wildcat last traded at 66.5 cents per share, slightly down 1.48 per cent, as of 12.28am AEDT.
