Iltani Resources Reports "Outstanding" Assay Results at Orient Silver-Indium Project

Precious and base metals explorer Iltani Resources (ASX:ILT) said on January 9 that it has received “outstanding” assay results from its Orient silver-indium project in North Queensland.

Orient is part of Iltani’s Herberton project and is said to be among Australia’s biggest silver-indium projects.

An October update shows that the total Orient property, comprised of Orient East and Orient West, has a JORC-compliant resource estimate of 34.2 million tonnes at 110.4 grams per tonne (g/t) silver equivalent using a 60 g/t silver equivalent cut-off grade, and 62.5 million tonnes at 81.5 g/t silver equivalent at a 30 g/t silver equivalent cut-off grade.

Assay results from the company's recent drilling at Orient include an intercept of 10 metres at 111.7 g/t silver, 44.1 g/t indium, 2.2 percent lead and 2.1 percent zinc from 104 metres.

“The results emphasise the potential of the ‘Link Zone’ (approximately 900m strike between Orient West and East) to host material mineralisation and it should be noted that the current Orient Mineral Resource estimate doesn’t contain the recent drilling results in the Link Zone,” said Managing Director Donald Garner in the firm's press release.

Iltani added that the Link zone is a high-priority target area, with drill testing planned after the wet season.

“(The Link zone) will be part of a larger drilling program planned to expand the current Orient West and Orient East resources and follow up on results from the geophysical surveys," added Garner.

This past October, Iltani announced that Orient had received an AU$8 million investment from the Queensland Investment Corporation (QIC) under its Critical Minerals and Battery Technology Fund.

The investment came as AU$6 million in upfront, non-dilutive funding tied to royalties based on future product sales and an AU$2 million equity investment subject to shareholder approval.

The money will support the advancement of the project’s development and continued exploration activities.

Iltani is planning an aggressive drilling program at both Orient and Herberton, backed by QIC’s funding.

“We plan to drill more holes for more metres in 2026 than we have drilled in 2024 & 2025 combined," Garner said.

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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.