The S&P/ASX 200 Index (ASX: XJO) has enjoyed two consecutive strong days of trading. Investors have piled back in on positive news out of the Iran/US conflict.
Australia’s benchmark index has now leapt 3% higher since last Friday.
As optimism returns for many Australian equities, one ASX materials stock to watch is Wildcat Resources Ltd (ASX: WC8).Â
Company overview
Wildcat Resources is a Perth based lithium exploration and development company. It is focused on advancing its 100% owned Tabba Tabba project, located 80km from Port Hedland in Western Australia.
A July 2025 Pre-Feasibility Study outlined a two-stage development scenario to reach production of 565ktpa spodumene concentrate 5.5% at an upfront capital cost of $687m.
Additionally, a Definitive Feasibility Study is scheduled for 3Q 2026.
Funding discussions and permitting activities are advancing. Bell Potter said it expects first production could commence in late 2028.
It has already generated plenty of excitement amongst investors, as its share price has risen more than 200% in the last 12 months.
This includes a 26% rise year to date.
Why investors should be excited
This ASX materials stock is positioned to benefit from an improving lithium market and leverage it through its Tabba Tabba project.
It offers high leverage to a recovering lithium cycle, backed by a large, advanced Pilbara asset and ongoing exploration success.
If lithium remains strong through 2026-2027, developers such as Wildcat could see outsized valuation gains relative to established producers.
If lithium demand from EVs and battery storage keeps rising, this stock could be well positioned for a major rerating.
Bell Potter tips big upside
A new report from Bell Potter has tipped this ASX materials stock could rise by 106% in the next 12 months.
The broker noted that the Tabba Tabba project is one of the only near-term Australian hard rock lithium developments.
Additionally, it is also the only large scale near-term development positioned to commence production during the current lithium price cycle.
The project is strategically located 80km from Port Hedland and WC8 enters financing discussions with 100% of offtake uncommitted. The company trades on undemanding EV/Resource multiples compared with Western Australian spodumene producers. We expect its share price will re-rate as Tabba Tabba reaches key feasibility and permitting milestones and transitions into development.
The broker also has a speculative buy recommendation and $1.00 price target on this ASX materials stock, making it an intriguing option for investors.
The post This ASX materials stock could rise 100% in the next 12 months according to top broker appeared first on The Motley Fool Australia.
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More reading
- Which ASX lithium shares to buy as the market recovers: 2 brokers weigh in
- Why is this ASX lithium stock dropping despite some big news?
Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.