Orient Project Resource Grows to 62.5 Mt at 81.5 g/t Ag Eq with $8M QIC Investment

Exploration Milestone – Maiden Resource Estimate

Iltani Resources Limited (ASX – ILT) has delivered a significant milestone with the announcement of a maiden JORC Mineral Resource Estimate (MRE) for its Orient East Silver-Indium deposit in Northern Queensland. The estimate totals 19.8 million tonnes at 98 grams per tonne silver equivalent (Ag Eq) at a 30 g/t cut-off, with a higher-grade subset of 12.6 million tonnes at 128 g/t Ag Eq. This maiden resource adds substantial weight to Iltani’s flagship Orient Project, which now boasts a combined resource of 62.5 million tonnes at 81.5 g/t Ag Eq when including the Orient West deposit.

Strategic Investment Accelerates Development

Backing this progress, the Queensland Investment Corporation’s Critical Minerals and Battery Technology Fund (QCMBTF) has committed $8 million to Iltani. This funding package includes $6 million in upfront, non-dilutive royalty funding tied to future product sales, alongside a $2 million equity injection. The investment underscores the strategic importance of the Orient Silver-Indium Project within Queensland’s critical minerals landscape and provides Iltani with the financial muscle to advance exploration and development activities.

Robust Drilling Program and Assay Results

During the December 2025 quarter, Iltani completed 15 drill holes comprising 13 reverse circulation (RC) and 2 diamond drill holes, totaling 2,812 metres. Assay results from these holes confirmed multiple wide intersections of high-grade silver-indium mineralisation, including standout intercepts such as 20 metres at 104.3 g/t Ag Eq and 28 metres at 164.6 g/t Ag Eq. These results not only validate the maiden resource but also highlight the potential to expand the resource base further, particularly in the ‘Link Zone’ between Orient East and West.

Focused Growth and Permitting Efforts

Looking ahead, Iltani is gearing up for an aggressive 2026 drilling campaign, planning approximately 16,000 metres of RC drilling to test extensions of the current resource, regional targets, and VTEM geophysical anomalies. Concurrently, the company has engaged specialist environmental consultants to manage permitting and approval processes, a critical step toward advancing the project toward production readiness. Metallurgical test work is underway, with initial results expected by mid-2026, which will further inform project economics and processing strategies.

Portfolio Streamlining and Financial Position

In a strategic move to focus on core assets, Iltani sold its non-core Tasmanian exploration licences for $150,000 in cash. The company ended the quarter with a healthy cash balance of $8.64 million, bolstered by the QIC investment and ongoing operational discipline. With 74.7 million shares on issue, Iltani is well-positioned to execute its exploration and development plans while maintaining financial flexibility.