Thank you Courtney . First, again, I thank Diggers & Dealers for giving Wildcat the opportunity today to present again at your forum. Also, for everyone who's come into the auditorium today, and everyone on the live stream, thank you for your presence. Start off with a corporate snapshot of Wildcat Resources . We've got about 1.3 billion shares on issue, a market cap of about $240 million, and $55 million in the bank. We've got two projects. We've got the Mt Adrah Project in New South Wales with about 779,000 oz, and we've got our flagship project in the Pilbara for lithium. It's been a busy year for Wildcat . We've had a maiden resource. We've come out with an ore reserve. We've come out with a new discovery on Monday. We drilled and defined a high-confidence resource at Tabba Tabba.
We completed a PFS study in our ore reserve. We commenced a DFS study. We continued our regional drilling in the Pilbara. We advanced our gold targets. We completed our baseline studies for Tabba Tabba lithium. Doing all this and maintaining a very good cash position of $55.1 million. I just want to acknowledge my team at Wildcat. We don't have many people, but we've worked very hard to deliver these results. The Tabba Tabba Lithium project, so some key points. Some granted mining leases and previously mined for tantalum. Why is this important? In 2015, there was a mine here for tantalum. There's environmental studies done. There's a baseline. There's an open-pit haul road. The ground's disturbed. Now we're going back in. We're doing our environmental studies again, updating them, and putting in for a lithium permit. It's close to port. It's a strategic location.
It's 80 km from port. In lithium, a couple of your highest costs are in transport of concentrate. We're 80 km from port. It costs us $35 a ton to transport to the port, while other operations, it costs about $150 - $250 a ton of concentrate. This pushes us down the cost curve. We've got large spodumene-dominant pegmatite. This is really important because we've got the Leia deposit, which is like 100 m- 150 m wide. You've got the Luke deposit, which is 60 m- 80 m wide, and you've got the Chewy deposit around 60 m wide. They're wide deposits, low dilution, low stripping costs, and again, pushes you down the curve because you are in a very low stripping environment. It's a large high-confidence maiden resource. When we found this resource, our aim was to convert it to an ore reserve and then into the PFS financials.
We've done that within seven months. We had the resource at 94%. In seven months, we've converted to an ore reserve and a PFS study. Our regional exploration is ongoing. Only the other day, we've come out with a very exciting announcement at Bolt Cutter , a new discovery, which I will touch on in a couple of slides' time. It's a low-cost operation. It's open pit. Towards the back end, you go underground. It's open pit. It's high recoveries. It's low stripping ratios, and it's close to port. It puts you in the lowest quartile for production costs. It also makes it a very robust project, and you can see this in the PFS results, which I will just touch on now. The Life of Mine free cash flow is about $3.2 billion after tax, $1.2 billion NPV at broker consensus prices.
A mine life of 17 years and a strip ratio, Life of Mine strip ratio of about 7.8: 1, which is excellent. Plant throughput, we start off with stage one, which is 2.2 million tons per annum, and then ramp up to 4.5 million tons per annum in year seven. Infrastructure CapEx, initial infrastructure CapEx of about $443 million, mainly with the plant and the camp. We've gone and done our pre-strip. We've done stage one and stage two pre-strip all in the first 12 months, so that gives us a lot of flexibility with the mine. In our financial model, we've had contingency of about 15% on capital and 10% on OpEx, so that gives us a lot of flexibility. C1 operating cost per ton of concentrate, U.S. dollars $541, and all-in sustaining costs of about $658.
This seriously puts us down the cash operating cost curve and makes us a very robust operation. Our average SC5 production, about 295,000 to start off with, and then ramping up to 565,000. In the study, we have some hanging wall loads called Chewy, Han, Hutt. We haven't finished our metallurgical test work, so we've assumed it to be waste. This will come back in in the PFS study. Why does that help us? Because that drops the stripping costs again and brings revenue up front. Last year, when we were at this conference at Diggers & Dealers, we put forward what a resource could look like, a vision. Today, I'll show you what a mine could look like. Where are we? We're in Port Hedland.
We're 80 km from port, 60 of those off the North Great Northern Highway and the Marble Bar Road, and then 20 km to site. We're 47 km from Pilgangoora, and we're 87 km from Wodgina, two of the biggest hard rock mines in the world. We've got a large tenure of exploration tenure that we are exploring on. If we zoom in on Tabba Tabba itself, it's on granted mining leases. As you can see there, we have miscellaneous licenses. We've applied for more miscellaneous licenses. There's a whole road going through there. There's bore fields and water licenses. There's existing tantalum pit, and then we have 74 million tons in Han, Hutt, Tabba, Chewy, Leia, and Luke. Leia and Luke being only up to 450 m. We've got an accommodation camp on site that houses 80 people.
Our new design off the Marble Bar Road, that's our proposed access to site and the open pit. If we look at the layout, you can see there to the north, you'll come up now, the Marble Bar Road is the proposed site access road. You've got a village for about 500- 600 people. You've got a solar farm. You've got your proposed plant and then your site access road and then your proposed underground from year five onwards and your mining pit. The pit alone is about 1.2 km x 950 m. If you spin the pit around and look at the giant Leia ore bodies and Luke, Leia is going to be open pit mainly and Luke underground. You can see the stripping there in stage one and stage two. That takes you to year seven. In stage three, you've got the Luke underground starting up.
You'll take Leia up plunge and Leia down plunge from an underground. It's important that from year 17 onwards, the mine life is going to be below the [450 m] level because our resource is only up to [450 m] now. We will drill it further as we move forward. You can see there the open stopes. It's a long haul open stoping with fill. 79% of the ore is taken from an open pit and in the early stage of the mine life. I'm going to fly you through now the whole road to the process plant. You can see there on the left-hand side is your underground mine services area, your open pit mine services area in the DFS. We'll put that all together. On the right-hand side, you've got your waste rock storage area. Then you've got your ROM pad and your process plant coming up.
Your process plant here is a very vanilla process plant used in a number of different operations. It's a crush, grind, float circuit. We've designed it. It's a whole ore flotation circuit. It's three-stage crushing and grinding. It's 180 µm that can be ground down to 150 µm, mill capacity up to 4.5 million tons, and final concentrate of about 560,000 tons past year seven. Just fly you through the plant now. You can see it'll come up in a second. The crushing circuit's already set up up front for 4.5 million tons, so it'll be crushing for seven years just on day shift. Gives you a lot of flexibility. Three-stage crushing circuit there, then through a conveyor to the coarse ore stockpile. From the coarse ore stockpile, it goes through a conveyor again to the ball mills, then your float circuit.
You can see the first circuit there in white is the stage one, and the black circuit is stage two. Stage two is only $97 million extra in year seven, which looks, you look at all the rest of the circuit is all done up front in stage one. Finally, your concentrate goes out off the sheds, all the way out of the roads, back to Port Hedland, and then to your markets in Asia, Europe, or the U.S. Hopefully, you got a better feel of what this project could look like in the future. The Tabba Tabba development plan from the time of a major discovery, we had the resource in November 2024. In July this year, we came out with a PFS study. Now we've already commenced the DFS study.
We're looking forward by next Diggers to have the DFS study done, then your funding and execution, which we will run in parallel. Now to our exciting new Bolt Cutter discovery. This is a greenfields discovery. If you look, you can see five different anomalies all over 1.5 km. The Solium anomaly is actually bigger than Tabba Tabba. It's 1.5 km. We've drilled two of them, the Harry and Hermione discoveries. There are holes going into Harry with 20 m at 1.7%, 13 m at 1.4%, 13 m again at 1.3%, and 10 m at 1.2% as well. Looks like a stack load. It's open in all directions. We've just drilled it out. We've got a diamond drill going up there next week. It's an exciting prospect. It's only 10 km away from Tabba Tabba.
Potential feed in future for the Tabba Tabba plant and also the fill the mill strategy. Won't touch on the lithium market too much, but from 2020, that's a benchmark graph you see there on the left. From 2020 - 2025, the lithium market has increased 386%. Benchmark predicts from 2025 for it to increase up further 376% to 2040. You can see the supply-demand graph after 2027, that line starts to diverge, and that's where we're trying to pitch Tabba Tabba to come into production. Looking at our funding options, we're going to run this in parallel with our completion of our PFS and DFS studies. We have the option of equity. We've got debt. We've got government funds. We've got offtake and prepay. We've got direct investment at an asset level into the project and strategic investors.
We're looking at all these options to fund the project in future. Our plan for financial year 2026, certainly on the discovery trend, we're going to test out Bolt Cutter . We've got a number of regional targets we want to test out, as well as further drilling at Tabba Tabba. Our path to production, we'll complete our DFS study. We'll finalize our environmental approvals for lithium, and then we'll progress our funding options. Finally, our key value drivers for Wildcat Resources , we're in the right location. We're in the Pilbara, 80 km from port. We've got a camp. We've got a haul road. We've got a commanding land position. We're successful with our regional exploration. Tabba Tabba by itself, it's the right asset. It's great in size, quality, and scale. It's spodumene dominant. We've got $55 million in the bank. We've got the right team.
We've got geos who can sniff out lithium anywhere. They keep finding lithium. We've now brought on more mine build experience and financial experience. We certainly have the right team, the right asset, the right location, and Tabba Tabba is one of the best undeveloped projects globally. Thank you very much for attending, and hope you guys have a good time.