ASX All Ords lithium stock Wildcat Resources Ltd (ASX: WC8) has more than doubled in value over the past 12 months.
Wildcat Resources shares were recently trading for 40 cents apiece, which sees the share price up a whopping 109.0% since this time last year.
For some context, the All Ordinaries Index (ASX: XAO) was recently up a rather meagre 0.8% over this same period.
Investors have been bidding up the ASX All Ords lithium stock as its Western Australian Tabba Tabba lithium project progresses towards production.
Wildcat will also have attracted attention amid the past year's 79% increase in global spodumene (a lithium bearing ore) prices.
And looking ahead, Dolphin Partners Financial Services' Arthur Garipoli believes the company is well-placed to deliver more outperformance (courtesy of The Bull).
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Should I buy the ASX All Ords lithium stock today?
Citing the first reason he's bullish on Wildcat Resource shares, Garipoli said:
This Western Australian explorer is advancing the Tabba Tabba Lithium-Tantalum project, which is a large-scale, hard rock development in an established mining jurisdiction with low sovereign risk and close to Port Hedland infrastructure.
The second reason you might want to buy the ASX All Ords lithium stock today is that, while the share price is up 109% since this time last year, the Wildcat share price has fallen more than 36% since closing at 63 cents on 18 June.
"The recent share price fall may represent a good entry opportunity for investors looking for a recovery in lithium markets and in a company with near term catalysts," Garipoli noted.
There are also a number of upcoming catalysts that could help support further gains in the Wildcat share price.
Garipoli concluded:
WC8 has completed a pre-feasibility study. A large resource base and an upcoming definitive feasibility study de-risks the company. In our view, WC8 represents a compelling risk-reward scenario.
What's the latest from Wildcat Resources?
Wildcat Resources released its June quarter update on 29 July.
The ASX All Ords lithium stock cited "significant advancement" across its Pilbara lithium portfolio. That included accelerated development activities at Tabba Tabba, with promising exploration results continuing to come in from the miner's nearby Bolt Cutter lithium discovery.
Commenting on the Tabba Tabba project, Wildcat management noted:
At Tabba Tabba, the Definitive Feasibility Study (DFS) progressed across all major technical disciplines including mine planning, metallurgy, process engineering, infrastructure design, environmental approvals and project financing.
Optimisation work undertaken during the quarter identified opportunities to improve project economics through modifications to the proposed mine schedule, earlier expansion of processing capacity and incorporation of additional mineral resources that were not considered in the Preliminary Feasibility Study.
Metallurgical programs continued to demonstrate robust concentrate quality and recoveries, while engineering design advanced toward completion.
