Lithium aspirant Wildcat Resources has responded to a series of media allegations relating to an Australian Securities and Investments Commission-led investigation.
Lithium aspirant Wildcat Resources has responded to a series of media allegations relating to an Australian Securities and Investments Commission-led investigation.
Although acknowledging it had previously received notices from ASIC to produce its books and provide context regarding company securities trading last year, AJ Saverimutto-led Wildcat told the market it had complied with all requests to do so.
It also denied other allegations claimed against it in an article published on Wednesday.
These claims included that properties relating to the junior had been raided, along with certain items being seized by ASIC officers for evidence.
“The company has not been raided and no company property was seized by ASIC and is not aware that the company is the subject of an ASIC investigation,” Wildcat said.
Last year was a whirlwind year for Wildcat, with its share price climbing from 3 cents to 91.5 cents between January and November.
Also in 2023, Chris Ellison-led Mineral Resources secured a 19.8 per cent stake in Wildcat, paying $158.7 million for shares at 85 cents each.
At the time, the company said it felt MinRes’ investment was on the back of progress being made at its flagship Tabba Tabba lithium project, located near Port Hedland.
In January, Mr Saverimutto was promoted from non-executive director to managing director, buoyed by the fact that recent upgrades at the site over the festive season would ensure drilling could be undertaken year-round.
During its recently released September 2024 quarterly report, Wildcat told the market it was ready for the launch of Tabba Tabba’s pre-feasibility study and had $69.3 million cash in the till as of September 30.
Wildcat shares last changed hands at 33.3 cents, down 10 per cent, as of 10.04am WST.
