Orient Project Drilling Yields 76m at 118 g/t Silver Equivalent, $2.97M Raised
Iltani Resources has delivered robust drilling results at its Orient Silver-Indium Project, reinforcing its status as a leading silver-indium discovery in Australia, while securing nearly $3 million to advance exploration.
- Completion of extensive infill drilling at Orient West and commencement at Orient East
- Multiple wide, high-grade intercepts of silver-lead-zinc-indium mineralisation confirmed
- Successful VTEM geophysical survey funded by a $230,375 Queensland government grant
- Raised $2.97 million through private placement and share purchase plan
- Cash balance of A$3.37 million supports ongoing resource definition efforts
Exploration Momentum Builds at Orient
Iltani Resources Limited (ASX – ILT) has reported a productive quarter at its flagship Orient Silver-Indium Project in Northern Queensland, marking significant progress in its quest to define one of Australia's most promising silver-indium deposits. The company completed the final holes of its Orient West infill drilling program, drilling over 6,000 metres, and began a similar program at Orient East, underscoring a sustained commitment to resource delineation.
The assay results released during the quarter reveal multiple thick zones of high-grade silver-lead-zinc-indium mineralisation. Noteworthy intercepts include intervals exceeding 70 metres with silver equivalent grades well above 100 g/t, and exceptional indium concentrations reaching over 1,200 g/t in some zones. These findings reinforce the project's potential to become a significant source of critical minerals essential for emerging technologies.
Geophysical Survey Enhances Exploration Targets
Complementing the drilling success, Iltani secured a $230,375 grant from the Queensland Government’s Collaborative Exploration Initiative to fund an airborne Versatile Time Domain Electromagnetic (VTEM) survey over the Herberton Project area, which includes Orient. Completed in May 2025, the survey identified multiple extensive conductive anomalies, suggesting potential extensions of mineralisation beyond currently drilled zones. These geophysical 'picks' provide fresh targets for future drilling campaigns and may materially increase the project's resource base.
Financial Position Strengthened for Next Phase
To support its exploration activities, Iltani raised a total of $2.97 million through a private placement and a Share Purchase Plan (SPP), issuing over 12.8 million shares at a 10.4% discount to the prior trading price. This capital injection has bolstered the company’s cash reserves to A$3.37 million as of June 30, 2025, providing a solid financial runway to continue infill drilling and advance towards a JORC-compliant Mineral Resource estimate over the next 6 to 12 months.
While the current Exploration Targets remain conceptual and subject to further drilling and analysis, the rigorous modelling and consistent high-grade results position Orient as a compelling development opportunity in Australia's silver and critical minerals landscape.
Outlook and Strategic Implications
Looking ahead, Iltani plans to focus on completing the Orient East infill drilling program and integrating VTEM survey data to refine exploration models. The company’s methodical approach to resource definition, combined with government support and a strengthened balance sheet, sets the stage for a potentially transformative phase in project development. Investors will be watching closely as assay results from ongoing drilling and further geophysical interpretations unfold.
Bottom Line?
Iltani’s latest drilling and geophysical advances, backed by fresh capital, set the stage for a pivotal resource update in the coming year.
Questions in the middle?
- How will ongoing assay results from Orient East influence the overall resource estimate?
- What impact will the VTEM anomalies have on expanding the known mineralisation footprint?
- How might the recent capital raise affect shareholder dilution and market sentiment?
