Iltani Resources Limited’s Orient East Drill Campaign Yields 32m at 161g/t Ag Eq, Paving the Way for a Maiden Mineral Resource Estimate

Monday, August 11, 2025
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8:49 am
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Iltani Resources Limited reports strong high-grade intersections at its Orient East project and is progressing toward its maiden Mineral Resource Estimate. Follow-up drilling aims to expand deposit potential, presenting an intriguing opportunity for investors in emerging mining ventures.

Iltani Resources Limited has advanced its exploration at the Orient East silver‐indium deposit in Herberton, North Queensland, reporting exceptionally encouraging assay results from its recent reverse circulation drilling campaign. Drillholes ORR108 to ORR118 returned multiple wide intersections of high‐grade silver, indium, lead, and zinc mineralisation. Notably, one drillhole recorded an intersection of 32 meters at 161.0 grams per tonne silver equivalent, with adjacent shorter intervals showing even higher grades. These results extend the known mineralisation down-dip and along strike, confirming continuity within the vein systems and reinforcing the deposit’s potential for both open pit and underground mining operations. The technical details provided include drillhole depths, downhole widths, and composite grades calculated using a silver equivalent formula that incorporates silver, lead, zinc, and indium values. The drilling program, carried out over several holes spaced strategically across a targeted area of roughly 450 by 350 meters with extensions up to 500 meters in strike, has been designed to support a maiden JORC-compliant Mineral Resource Estimate. An additional round of nine reverse circulation drillholes, totaling around 2,100 meters, is set to test the southwest extensions of the mineralisation. As a result, the delivery of the resource estimate has been rescheduled to late September or early October. Iltani’s management is clearly optimistic about the project’s prospects. The high-grade intercepts and broad mineralised trends reinforce the company’s expectation of enhancing both the tonnage and grade of the upcoming resource estimate. The exploration program also outlines an initial Exploration Target of between 25 to 35 million tonnes at grades of 77 to 95 grams per tonne silver equivalent, with a high-grade core identified in various lenses, further suggesting significant value within the deposit. Market sentiment is mixed. On the bullish side, the impressive assay returns and evidence of continuous mineralisation provide strong support for the project’s long-term upgrade potential. Investors can view the additional drilling as a commitment to de-risking and expanding the resource, which could lead to enhanced asset value. Conversely, the delay in the resource estimate and the need for further drilling to firmly establish continuity and economic recoveries may raise short-term concerns. Higher exploration costs and time to value realization could temper enthusiasm among more cautious market participants. For beginner traders, these drill results signal that Iltani Resources Limited is making substantive progress on what could become a major silver-indium asset in Australia, and that the company’s approach to extended drilling and resource definition remains robust despite the near-term delay.

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