Iltani Resources reveals assay results

Iltani Resources (ASX:ILT) has announced significant assay results from its Orient East deposit at the Orient Silver-Indium Project in Herberton, North Queensland. The results reveal high-grade silver equivalent discoveries, with drill hole ORR042 achieving a peak result of 1 meter at 1707.2 g/t silver equivalent. These findings underscore the project's potential for both open pit and underground mining.

Summary of Iltani Resources announcement

Iltani Resources has reported substantial assay results from its Orient East deposit, emphasizing the potential for extensive mining operations at its Orient Silver-Indium Project. The standout drill hole ORR042 recorded exceptional grades, fostering the project's promise as a major silver-indium discovery in Australia. Iltani plans to leverage these findings to develop an Exploration Target at Orient East by early 2025 and to commence further drilling at Orient West post-wet season. The company aims to define a Mineral Resource, potentially linking mineralization with Orient West. Future exploration will focus on connecting known deposits and expanding resources, with two drill rigs set for mobilization in early 2025. Iltani's strategic focus on high-grade discoveries and resource definition underlines its ambition to establish a significant mining operation in Northern Queensland.

Executive commentary on assay results

Managing Director Donald Garner expressed optimism about the latest results, highlighting the potential for high-grade mineralization and the project's growing scale.