Iltani Resources has delivered a promising quarterly report, highlighting significant advancements across multiple critical minerals projects, including substantial high-grade silver and indium mineralisation at its flagship Orient West project in Northern Queensland.
During the September 2024 quarter, Iltani achieved a major milestone with an independent estimate of the Orient West exploration target, assessed at 74–100 million tonnes at a silver-equivalent grade of 55–65 grams per tonne (g/t).
This includes a high-grade core estimated at 20–24 million tonnes at 110–120 g/t silver equivalent.
“The drilling has returned outstanding intercepts of silver-lead-zinc-indium mineralisation, positioning Orient as Australia’s most exciting silver-indium discovery,” the company said.
Recent assay results from reverse circulation drilling at Orient West have validated the mineralised system’s continuity, demonstrating “strike and dip continuity of high-grade silver-indium vein systems.”
A deep diamond drill hole at Orient Deep also intersected high-grade mineralisation, with results of up to 420 g/t silver equivalent, further confirming Orient West’s depth potential and laying the groundwork for an underground resource.
Iltani has expressed optimism, noting, “the EM is a strong exploration tool to target mineralisation,” which is now being applied across further targets.
At its Antimony Reward project, Iltani’s mapping and sampling revealed high-grade antimony mineralisation, showing potential to diversify its resource base at a time of rising demand for this critical mineral.
Following positive results, the company plans to commence drilling at Antimony Reward, with the Orient project to follow. Iltani’s expanded portfolio now includes a newly granted copper exploration license adjacent to the historic Mt Lyell project in Tasmania, boosting its footprint in the base metals sector.
Funding support of $2.1 million raised through a recent share issue will enable Iltani to accelerate drilling programs at Antimony Reward and Orient West.
The company’s comprehensive exploration across multiple assets, combined with its financing, reflects a targeted approach in advancing critical mineral resources in high-potential regions.
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