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Iltani Resources Limited (ASX: ILT) has announced a Maiden JORC Mineral Resource Estimate (MRE) for the Orient West Silver-Indium deposit, part of the company’s broader Orient Silver-Indium Project near Herberton, Northern Queensland. The maiden Orient West MRE totals 21.6 Mt at 100.5 g/t Ag Eq, containing 18.7 Moz of silver at a 60 g/t Ag Eq cut-off, with 56% classified as Indicated Resource. A broader lower-grade resource of 42.7 Mt at 73.8 g/t Ag Eq (30 g/t cut-off) contains 27 Moz silver equivalent.
The resource, prepared by independent consultant Mining One, represents a major milestone for Iltani, establishing the first JORC Resource within what is considered Australia’s largest known silver-indium project. Work will now shift to completing the Maiden Orient East JORC Resource, expected by September 2025, which will combine with Orient West to form the global project resource. Managing Director Donald Garner highlighted the achievement as a key step toward defining the scale of the project and reaffirmed the company’s focus on further drilling at Orient East and VTEM target testing, aimed at demonstrating the system’s broader growth potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.