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An announcement from Iltani Resources Ltd. ( (AU:ILT) ) is now available.
Iltani Resources has delivered a maiden JORC Mineral Resource Estimate for the Orient East silver-indium deposit and lifted the total Orient resource (East and West) to 62.5 million tonnes at 81.5 grams per tonne silver equivalent, including a substantial higher-grade component, underscoring the scale and potential of the project. During the quarter, the explorer completed reverse circulation and diamond drilling, reported assay results from resource extension, VTEM target and metallurgical holes, secured an $8 million funding package from Queensland Investment Corporation’s Critical Minerals and Battery Technology Fund to advance the Orient project, sold non-core Tasmanian exploration licences for $150,000, and ended the period with $8.64 million in cash as it plans an expanded 2026 drilling campaign to grow resources and test regional targets in Queensland.
More about Iltani Resources Ltd.
Iltani Resources Limited is an ASX-listed silver and base metals exploration company focused on the Orient Silver-Indium Project in northern Queensland. The company targets silver-indium and associated base metal mineralisation, aiming to build a resource base in the critical minerals space with a particular emphasis on projects that can support the growing demand for battery and technology-related metals.
Average Trading Volume: 245,201
Technical Sentiment Signal: Buy
Find detailed analytics on ILT stock on TipRanks’ Stock Analysis page.