Iltani Resources has received a $230,375 grant through round nine of the Queensland Government’s Collaborative Exploration Initiative (CEI).
This will allow the company to fund a major airborne geophysical survey at its Herberton project in northern Queensland.
The featherbed volcanics helicopter-borne versatile time-domain electromagnetic (VTEM) survey will cover 464 line kms across two priority areas of the high-grade Orient silver-indium deposit and the under-explored Boonmoo Sag Caldera complex.
“We are very pleased to receive this CEI funding from the Queensland Department of Natural Resources and Mines, Manufacturing and Regional Development, which will enable Iltani to complete the featherbed volcanics VTEM survey,” Iltani managing director Donald Garner said.
“The survey has the potential to be a gamechanger for Iltani in multiple areas.”
The Orient component of the survey, flown at 100m line spacing, aims to discover sulphide mineralisation between Orient East and West, as well as in surrounding targets.
“This will enable us to better evaluate the total extent of the Orient system and delineate new drilling targets, expanding the Orient system,” Garner said.
The Boonmoo Sag Caldera area has never been explored in any detail, Garner said.
“There are some small historical small-scale base metal mines within the Caldera complex, plus Iltani reconnaissance exploration identified multiple tourmaline breccia pipes,” he said.
“The VTEM survey is designed to cover all these target areas.”
Iltani expects to complete the VTEM survey in either May or June 2025, and the results will be used to plan further exploration at Orient and regional exploration across the Herberton project.
With strong government backing and multiple targets in sight, Iltani is advancing one of Queensland’s most promising critical and base metal exploration efforts.
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