The All Ordinaries Index (ASX: XAO) is just about flat in morning trade, but that's not holding back this surging ASX All Ords lithium share.
The fast-rising stock in question is Wildcat Resources Ltd (ASX: WC8).
Wildcat shares closed yesterday trading for 43.5 cents. In late morning trade on Friday, shares are swapping hands for 45 cents apiece, up 3.5%.
This sees the Wildcat Resources share price up 80% over 12 months, racing ahead of the 7.3% gains delivered by the All Ords over this same period.
And investors who bought the 20 June dip on the ASX All Ords lithium share will be sitting on gains of 246.2% at the time of writing.
Boom!
Here's what's catching investor interest today.
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ASX All Ords lithium share lifts on quarterly results
The Wildcat Resources share price is charging higher again today following the release of the miner's December quarter update.
Over the three months to 31 December, the ASX All Ords lithium share continued to advance its Western Australian lithium assets.
Management highlighted the success at the company's Bolt Cutter Central Lithium Project, located in close proximity to its Tabba Tabba Project. They noted that exploratory drilling at Bolt Cutter "expanded a large, stacked spodumene-bearing pegmatite system that remains open".
Standout results from the reverse circulation (RC) drilling program over the quarter included: 12m at 1.65% Li2O from 90.0m; and 11m at 1.32% Li2O from 54.0m.
Wildcat intends to commence diamond drilling at Bolt Cutter in 2026.
And Definitive Feasibility Study (DFS) work progressed at Tabba Tabba. The miner said that metallurgical test work had demonstrated the potential to unlock additional ore and by-product credits. The flagship project has a spodumene-dominant Mineral Resource of 74.1Mt at 1.0% Li2O (at a 0.45% Li2O cut-off grade) and a tantalum Mineral Resource of 1.2Mt at 482ppm Ta2O5.
What else happened over the quarter?
In other key developments over the quarter, the ASX All Ords lithium share acquired a tenement adjoining Tabba Tabba. The miner said it expects the new tenement holding to "materially improve mine layout flexibility and deliver potential operating and capital cost efficiencies".
Also moving Tabba Tabba closer to development over the quarter, Wildcat Resources executed a Native Title Agreement with the Nyamal native title holders, which management called "a critical milestone".
Turning to the balance sheet, as at 31 December, the ASX All Ords lithium share had $48.5 million in cash, leaving it well funded for the next stages of exploration.
