Iltani Resources (ASX: $ILT) announces Orient West Exploration Target

Iltani Resources Limited (ASX: $ILT) has defined the initial Orient West Exploration Target at the Company's 100% owned Orient Project in North Queensland. The Exploration Target has been estimated to demonstrate the size and scale of Orient West and is a material step on the pathway to an initial Mineral Resource Estimate. The Exploration Target has been assessed using a 30 g/t Ag Eq. cut-off grade and is inclusive of a high-grade core. Iltani is set to commence an infill drilling program in Q3 CY2024, targeting an initial Mineral Resource Estimate for Orient West by the end of CY2024.

Iltani Managing Director Donald Garner comments on Orient West Exploration Target

We are pleased to announce the Orient West Exploration Target and believe that this is a very strong indication that the Orient Deposit, comprising the Orient West, Orient East and Deadman Creek prospects, will be Australia's largest silver-indium deposit. Our Orient West Exploration Target of 74 to 100 million tonnes at 55 to 65 g/t Ag Eq. is based on 22 holes drilled to date at the prospect, which have also demonstrated a high-grade core at Orient West, reflected in an inclusive Exploration Target of 20 to 24Mt at 110 to 120 g/t Ag Eq. for the high-grade core. This Exploration Target is the first defined for the Orient Project, as Orient West is the most advanced of the three prospects. We expect to define an Exploration Target for Orient East and potentially Deadman Creek once further drilling is complete.

Summary of Orient West Exploration Target and Future Plans

Iltani Resources has defined the initial Orient West Exploration Target at the Company's 100% owned Orient Project in North Queensland, marking a significant step towards an initial Mineral Resource Estimate. The Exploration Target, inclusive of a high-grade core, has been assessed using a 30 g/t Ag Eq. cut-off grade. The company plans to commence an infill drilling program in Q3 CY2024, targeting an initial Mineral Resource Estimate for Orient West by the end of CY2024. There is also significant potential to increase the overall Orient Exploration Target, particularly at Orient East, where extensive silver-lead-zinc-indium mineralisation has been confirmed. Iltani has engaged Mining One Consultants for ongoing modelling assistance and the eventual preparation of a Mineral Resource Estimate, consistent with the requirements of the 2012 Edition of the JORC Code. The company's strategic exploration activities are designed to progress the Orient West Exploration Target to a Mineral Resource Estimate over the next 6 to 12 months, positioning Orient as one of Australia's largest silver-indium projects and a potential supplier of indium concentrates going forward.