High-Grade Drilling Success Raises Stakes and Questions for Iltani Resources
Iltani Resources reports breakthrough drilling results at its Orient Silver-Indium Project, delivering Australia’s highest-grade silver-indium intercepts to date, alongside promising antimony mineralisation at Antimony Reward.
- 33 RC drill holes completed at Orient Project with peak intercept of 1m @ 2066 g/t silver equivalent
- High-grade silver-lead-zinc-indium mineralisation confirmed over 400m strike and 220m depth
- 18 RC drill holes at Antimony Reward intersected significant antimony grades up to 26.7%
- Strategic relinquishment of non-core tenements to focus on Northern Queensland and Tasmania projects
- Raised $2.1 million via share placement to fund ongoing exploration
Exploration Breakthrough at Orient Project
Iltani Resources Limited (ASX: ILT) has delivered a landmark quarter, reporting exceptional drilling results from its flagship Orient Silver-Indium Project in Northern Queensland. The company completed 33 reverse circulation (RC) drill holes totaling 5,678 metres, with assays confirming extensive high-grade silver-lead-zinc-indium mineralisation. Notably, drill hole ORR055 returned a spectacular peak intercept of 1 metre grading 2,066.3 g/t silver equivalent, marking the highest grades recorded at the project to date.
This drilling campaign has successfully delineated a coherent mineralised zone extending over 400 metres strike length and 220 metres depth, with high-grade zones predominantly within 100 metres from surface. The mineralisation exhibits complex structural controls, including intersecting east-west and north-south trending veins, which remain open for further expansion. The results underscore the potential of Orient as one of Australia’s most exciting silver-indium discoveries.
Antimony Reward Project Shows Promising Mineralisation
Complementing the success at Orient, Iltani completed 18 RC drill holes at the Antimony Reward Project, also within the Herberton region. The drilling intersected significant antimony mineralisation, with standout results including 7 metres at 7.61% Sb and a high-grade 1 metre intercept at 26.7% Sb. These results validate the project’s potential as a critical raw materials source, aligning with Iltani’s strategic focus on minerals essential for a low-emission future.
Strategic Portfolio Rationalisation and Capital Position
During the quarter, Iltani strategically relinquished several tenements in Queensland’s Southern Gold and Rookwood projects to concentrate resources on its core assets in Northern Queensland and Tasmania. This streamlining aims to enhance operational focus and create capacity for new high-potential projects.
Financially, the company strengthened its position by raising $2.1 million through a share placement at $0.21 per share, with directors participating subject to shareholder approval. As of 31 December 2024, Iltani held a cash balance of A$2.87 million, providing a solid runway to advance exploration activities post-wet season.
Looking Ahead: Resource Definition and Expansion
Iltani plans to progress the Orient Project towards a Mineral Resource Estimate within the next 6 to 12 months, leveraging the extensive drilling data and 3D geological modelling completed to date. Further drilling is anticipated to refine the geometry and continuity of mineralisation, particularly to test unclosed extents to the north, south, west, and at depth.
Meanwhile, the company will continue to evaluate the Antimony Reward results to design follow-up exploration targeting higher-grade zones. The combination of silver-indium and antimony assets positions Iltani well within the critical minerals sector, which is gaining increasing investor and industrial interest.
Bottom Line?
Iltani’s December quarter results mark a pivotal step in defining a high-grade silver-indium resource, setting the stage for accelerated development and market attention.
Questions in the middle?
- How will upcoming drilling refine the structural understanding and resource potential at Orient?
- What are the implications of the relinquished tenements on Iltani’s long-term exploration pipeline?
- Can the Antimony Reward Project deliver economically viable antimony resources to complement the silver-indium focus?
