Iltani Resources (ASX:ILT) completes successful mapping and sampling program

Iltani Resources Limited (ASX:ILT) has successfully completed an initial mapping and sampling program at the Antimony Reward Project in Herberton, North Queensland. The program confirmed the presence of extensive antimony mineralisation, with at least two parallel structures hosting stibnite and stibiconite mineralisation over a total strike extent of at least 800m. Nineteen samples have been dispatched for assay, and the company has completed the design work for an initial reverse circulation (RC) drilling program consisting of 15 to 20 drill holes (1,500m drilling).

Executive Commentary on Antimony Reward Project

Iltani Managing Director Donald Garner stated, 'With the antimony price increasing to US$25,100/tonne and the recent ban on Chinese antimony exports, we have accelerated exploration at our Antimony Reward deposit in Northern QLD. The completion of the mapping and sampling program confirmed the extensive antimony mineralisation, and we have designed an initial RC drilling program of 15 to 20 holes (1,500m) to further explore the mineralisation. We are working diligently with the landowner and First Nations group to commence drilling by the end of September / early October.'

Summary of Antimony Reward Project and Future Plans

The completion of the mapping and sampling program at the Antimony Reward Project has confirmed the presence of extensive antimony mineralisation, aligning with the company's focus on exploring for base metals and critical minerals. With the increase in antimony price and the ban on Chinese exports, Iltani Resources is strategically positioned to accelerate exploration activities. The company has designed a preliminary 15 to 20 RC hole (1,500m) drilling program to test the mineralisation and is working towards commencing drilling by the end of September / early October. The successful exploration program and the anticipation of assay results in 1 to 2 weeks indicate an optimistic outlook for Iltani Resources' continued exploration and development efforts in the North Queensland project.