Iltani’s Latest Drill Results Confirm Potential for Australia’s Largest Silver-Indium Deposit

3 min read | December 11, 2024 01:18 PM AEDT | By Team Kalkine Media

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Iltani’s Latest Drill Results Confirm Potential for Australia’s Largest Silver-Indium Deposit — Image source: shutterstock

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Highlights:

Exceptional Drill Results: Recent assays from Iltani's Orient East project returned high-grade silver-indium mineralisation, including a standout 1,064g/t AgEq over 1m, showcasing the significant potential of the deposit.

Expanding Resource Potential: The drilling program has reinforced Iltani's belief in the scale of the Orient System, with aggressive plans to continue exploration at Orient East, West, and North, aiming for a comprehensive geological model.

Rising Indium Prices: Indium prices have surged nearly 30% year-over-year, further enhancing the value of Iltani’s silver-indium project, positioning it for strong future growth in the critical metals sector.

Iltani Resources (ASX:ILT) has strengthened its belief that it could hold Australia’s largest silver-indium deposit, following remarkable drill results from its Orient East project in North Queensland. The recent assays, which include spectacular high-grade silver-equivalent (AgEq) hits, provide strong evidence of the scale and potential of the deposit. Here are the key highlights from the latest drill results:

High-Grade Silver-Indium Assays
Recent assays from five reverse circulation (RC) drill holes confirmed exceptional silver-indium mineralisation at Orient East. Notably, one assay returned a sensational 1,064g/t AgEq over a 1-meter wide core. Other significant intercepts include:

30m @ 86g/t AgEq from 52m depth, including 3m @ 292g/t AgEq

27m @ 105g/t AgEq from 102m depth, including 2m @ 448g/t AgEq

7m @ 342g/t AgEq from 37m depth, including 1m @ 1,063g/t AgEq

Expanding Resource Potential
These drill results support Iltani's belief in the significant size and scale of the Orient System. The company is progressing towards a geological model to define an exploration target for Orient East, which will inform future development. Exploration is set to continue aggressively, with plans to mobilise multiple drill rigs at Orient East, Orient West, and test Orient North in the coming months.

Indium Market Opportunity
With Indium prices rising nearly 30% year-over-year, the project becomes even more strategically valuable. Indium remains one of the few critical metals to see substantial price growth post-COVID, adding to the potential long-term value of the deposit.

A Bright Future for Iltani Resources

Iltani Resources has made significant strides at the Orient East project, with these latest drill results confirming the prospect of Australia’s largest silver-indium deposit. As the company pushes forward with further exploration and awaits more assay results in the coming weeks, the outlook for Iltani remains promising, especially with the rising demand for critical metals like Indium. Exploration will resume in 2025, and the focus will be on expanding the deposit and progressing towards a JORC-compliant Mineral Resource Estimate (MRE).

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