ASX lithium stock Wildcat Resources Ltd (ASX: WC8) is having a phenomenal year.
Its share price is up 1,100% in the year to date to its current value of 24 cents.
And today, the junior miner has hinted it's got some very big news to share with ASX investors soon.
So much so that the company has seen fit to go into a trading halt while it prepares a full statement.
In its application to the ASX for the trading halt, Wildcat Resources said it had "material exploration results" to announce to the market.
The company wants the trading halt to remain in place until it makes the announcement — or prior to the commencement of normal trading on Friday — whichever comes first.
So, the ASX lithium stock will remain frozen at its current price for now.
Recent ramp-up in ASX lithium stock price
Wildcat Resources has gained 700% of that 1,100% gain in the past six months.
The ASX lithium stock has been rising steadily since mid-May when the company announced the 100% acquisition of the Tabba Tabba lithium-tantalum project in the Western Australia Pilbara region.
At the time, the company explained to investors that previous exploration at Tabba Tabba had uncovered "a very high-grade, pegmatite-hosted tantalum deposit".
The previous owner had not done much lithium exploration. However, limited assaying for lithium revealed an intersection of high-grade lithium of eight metres at 1.42% Li2O from four metres.
Investors are clearly excited by the potential of this mine, given the share price ascension ever since.
But in August, the ASX lithium stock's price growth was turbocharged as drilling activity increased.
The ASX lithium stock ascended 106% in August alone.
Investors have been eagerly anticipating Wildcat's first round of assay results from Tabba Tabba.
In a statement on 23 August, the company said it expected to release them in mid-September.
So, odds are, these 'material exploration results' relate to that.
What's Tabba Tabba?
Tabba Tabba is located on granted mining tenements 80 km by road from Port Hedland.
It is less than a 100 km drive from some of the world's largest hard-rock lithium mines.
They include the Pilgangoora project, owned by Pilbara Minerals Ltd (ASX: PLS), and the Mt Wodgina project, owned by Mineral Resources Ltd (ASX: MIN) and US lithium giant Albemarle Corporation (NYSE: ALB).
Wildcat Resources says the district is producing about 20% of the world's current lithium supply.
