Iltani Strikes High-Grade Silver and Unveils Maiden Orient West Resource
Iltani Resources has reported a maiden Mineral Resource Estimate for its Orient West Silver-Indium Project alongside record high-grade drill results at Orient East, supported by $8 million in new funding from Queensland Investment Corporation.
- Maiden Orient West Mineral Resource Estimate of 42.7Mt at 73.8 g/t silver equivalent
- High-grade intercept of 3.4m at 1171 g/t silver equivalent at Orient East
- Herberton Project VTEM survey identifies 16 high-priority electromagnetic anomalies
- Rock chip sampling extends mineralisation zones at Deadman Creek and southwest of Orient West
- Secured $8 million funding from Queensland Investment Corporation for project development
Maiden Resource Marks a Milestone
Iltani Resources Limited (ASX – ILT) has taken a significant step forward in its quest to develop Australia's largest known silver-indium deposit with the announcement of a maiden Mineral Resource Estimate (MRE) for the Orient West Silver-Indium Project. Independent consultants Mining One have estimated a resource of 42.7 million tonnes grading 73.8 grams per tonne silver equivalent at a 30 g/t cut-off, with a higher-grade subset of 21.6 million tonnes at 100.5 g/t silver equivalent.
Exceptional Drill Results at Orient East
Complementing the Orient West resource, Iltani has reported outstanding drill intercepts from its Orient East infill drilling program. Notably, diamond drill hole ORD005 returned a spectacular 3.4 metres at 1171 g/t silver equivalent, including 1 metre grading an extraordinary 2141.9 g/t silver equivalent. These results underscore the high-grade potential of the broader Orient system and pave the way for an imminent maiden resource estimate for Orient East.
VTEM Survey Unlocks New Targets
The company’s recent helicopter-borne Versatile Time Domain Electromagnetic (VTEM) survey over the Herberton Project has delineated 16 high-priority electromagnetic anomalies, with 13 located in the immediate vicinity of the Orient and Deadman Creek areas. This geophysical work has generated over 50 modelled plates, indicating substantial potential to expand known mineralisation. Follow-up drilling programs are planned to test these targets, supported by a $230,375 grant from the Queensland Government’s Collaborative Exploration Initiative.
Extending Mineralisation Footprint
Rock chip sampling has further extended the known mineralised zones, particularly at Deadman Creek, where samples returned up to 51.6 g/t silver and 16.4 g/t indium, and to the southwest of Orient West, where new targets have been identified approximately 1,100 metres beyond previous drilling. These findings suggest the mineralised system may be more extensive than previously understood.
Financial Position and Future Outlook
As of 30 September 2025, Iltani held a cash balance of A$1.647 million. Post-quarter, the company secured a substantial $8 million investment from the Queensland Investment Corporation’s Critical Minerals and Battery Technology Fund. This funding is earmarked to accelerate exploration and development activities at the Orient Silver-Indium Project, positioning Iltani to advance towards production and capitalise on the growing demand for critical minerals.
Bottom Line?
With a maiden resource in hand, record drill grades, and fresh funding secured, Iltani is poised to redefine Australia’s silver-indium landscape; next up, the Orient East resource update.
Questions in the middle?
- What will the maiden Mineral Resource Estimate for Orient East reveal about the deposit’s scale and grade?
- How will the $8 million funding from QIC influence Iltani’s exploration and development timeline?
- What potential lies within the 16 high-priority VTEM anomalies yet to be drilled?
