Iltani Resources Limited has secured commitments to issue 8,377,422 fully paid ordinary shares through a private placement aimed at sophisticated and institutional investors at an issue price of 21.5 cents per share. The placement, valued at approximately $1.8 million before expenses, comes at a 10.4% discount to the previous trading price of 24 cents per share. The funds will support exploration at the Orient Silver-Indium Project, along with other areas of interest, cover offering costs, and bolster general working capital. The company will settle the placement on or before 28 May 2025, with share allocations drawn from two distinct parts of its placement capacity. In addition, existing shareholders in Australia and New Zealand are being offered the opportunity to participate in a Share Purchase Plan (SPP). Under the SPP, eligible shareholders can apply for up to $30,000 worth of new shares at the same issue price as the placement, targeting an additional raise of up to $1 million. Key dates for the SPP include a record date on 20 May 2025, dispatch of the offer booklet and opening of the SPP on 29 May 2025, a closing date on 20 June 2025, results and share issue on 27 June 2025, with trading set to commence on 30 June 2025. Managing Director Donald Garner expressed his gratitude to existing shareholders and welcomed new participants, emphasizing strong market interest as recognition of the quality of the company’s projects, particularly the Orient Silver-Indium Project. The project has shown promising drilling intercepts of silver, lead, zinc, and indium, positioning it as one of Australia’s most exciting silver-indium discoveries. The company continues to advance several exploration projects in Queensland and Tasmania, including a Northern Base Metal Project and the Mt Read Volcanics Project. Bullish sentiment arises from the robust demand displayed during the placement and the proven exploration potential at the Orient Silver-Indium Project. The discounted share pricing may attract additional investors seeking exposure to early-stage resource exploration, while the SPP offers existing shareholders a favourable entry point. Conversely, bearish outlooks may point to typical exploration risks and dilution concerns inherent in new share issuances, coupled with the uncertainties of early-stage project developments and market volatility affecting sector valuations.