First infill holes have delivered standout results at the Orient silver-indium project in north Queensland.
Standout results include:
- 7m at 203.6 grams per tonne (g/t) silver equivalent (AgEq) from 54m, including 3m at 403.7g/t AgEq
- 3m at 403.6g/t AgEq from 28m, including 1m at 1118.7g/t AgEq
- 9m at 391.9g/t AgEq from 90m, including 1m at 1933.4g/t AgEq
The program has highlighted shallow, high-grade intersections that bolster the potential for an open-pit resource and continuous high-grade mineralisation over a 230m down-dip extent, remaining open at depth and indicating underground mining potential.
Iltani managing director Donald Garner said it was encouraging to see the continuity of high-grade mineralisation across multiple areas.
This will inform the company’s 2025 plans.
“As we advance forward in 2025, with the completion of the Orient East exploration target in early February and the restart of drilling in March, we believe the pathway we are on to delivering Australia’s largest silver-lead-zinc-indium deposit will become clearer,” he said.
March drilling will follow the wet season, while the Orient East exploration target remains on schedule for February completion.
In addition to its operational advancements, Iltani has strengthened its leadership team with the appointment of Karina Bader as a non-executive director.
Bader brings more than 15 years of capital markets expertise and extensive geological experience, having worked with Great Central Mines, Plutonic Resources, and as a resource analyst for a boutique fund manager.
“We are very fortunate to be able to apply Karina’s significant technical and capital markets experience to assist drive the company’s next phase of growth as we progress the Orient project to being the next significant silver and indium resource in Australia,” Iltani chair Anthony Reilly said.
In line with her appointment, Bader will receive one million unlisted options as part of the company’s long-term incentive plan.
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