Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
Iltani Resources Limited (ASX: ILT) has received an AU$230,375 grant through Round 9 of Queensland’s Collaborative Exploration Initiative (CEI) to conduct a helicopter-borne VTEM and magnetic survey across its Herberton Project. The 464-line-kilometre survey will target two key areas: the Orient Silver-Indium Deposit and Boonmoo Sag Caldera. It aims to identify sulphide mineralisation, evaluate deep-seated targets, and explore underexplored zones within the Featherbed Volcanics.
The VTEM survey, scheduled for May–June 2025, is expected to enhance Iltani’s understanding of mineralisation at depth and undercover, especially within the Orient System and Boonmoo Complex. Past EM surveys have shown strong responses from sulphide zones, boosting confidence in this airborne method. The program will be executed by UTS Geophysics using Geotech Ltd’s VTEM Max system, supporting further drill targeting and regional exploration initiatives across the Herberton Project in Northern Queensland.
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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.
