Ann: ILT commences drilling at Orient Silver-Indium Project, QLD, page-98

A very reasonable end to a great week for ILT. Since the re-rate started on the 16th May, ~4.1m shares (10% of register) have been purchased at a VWAP of ~33.5c. The top 20 + board hold approx. 55%, and remaining free float 35% is holding on. So still a very tight register. Todays volume of 282k at a VWAP of 30.8c is very light and to be expected on such a crap day for markets all round.

The positives for the next few week are-
- silver price is consolidating above $30.
- drilling is over halfway through and likely to wrap up next week.
- first assays 3-4 weeks.

At market cap of $12m, I can see another shift higher on positive results. We are trading at a fraction of the value of our peers with defined resources, and with continuity of mineralisation and consistent grade in this current program we will get a better understanding of scale to benchmark with the others.