OK, so our high grade target is substantially above the Bowdens mining reserve, Taken at the mid point of the combined high grade exploration target, Orient is 37Mt (+23% Bowdens) @ 117g/t Ag Eq (+17% Bowdens).
Just released by Discovery Alert below
Discovery Alert Iltani Defines a High-Grade Exploration Target at Orient East Iltani Resources Limited (ASX: ILT) has delivered a major exploration milestone, defining the Orient East Exploration Target at its 100%-owned Orient Project in North Queensland. This update signals substantial silver-indium-lead-zinc mineralisation, with high-grade zones reinforcing the potential for a world-class deposit. Key Highlights: 25 – 35 Mt @ 77 – 95 g/t Ag Equivalent (30 g/t Ag Eq. cut-off) High-grade core of 12 – 18 Mt @ 110 – 130 g/t Ag Equivalent Exceptional high-grade zones: 3.5 – 4.0 Mt @ 280 – 340 g/t Ag Eq. (200 g/t cut-off) 1.1 – 1.4 Mt @ 430 – 520 g/t Ag Eq. (300 g/t cut-off) Orient Project Exploration Target increases to 99 – 135 Mt, solidifying its position as one of Australia’s largest silver-indium projects.
A Transformational Step for Iltani Resources Iltani’s latest announcement builds on its aggressive exploration strategy. With 35 drill holes completed at Orient East, the company is now well-positioned to deliver a JORC-compliant Mineral Resource Estimate in 2025. This update also expands the total Orient Project Exploration Target to 99 – 135 Mt @ 61 – 73 g/t Ag Equivalent, including a high-grade core of 32 – 42 Mt @ 110 – 124 g/t Ag Equivalent. Upcoming Catalysts for 2025 March 2025 – Orient drilling program restarts May 2025 – Diamond drill rig mobilised for high-grade zone targeting Mid-2025 – Initial Mineral Resource Estimate for Orient West & East
Why Investors Should Pay Attention High-Grade Discovery: The latest results confirm multiple high-grade zones. Strategic Indium Exposure: Indium is a critical mineral for the tech and renewable sectors. Active Exploration Pipeline: Strong news flow expected in 2025, with more drilling and potential resource upgrades. With silver and critical minerals in high demand, Iltani Resources is emerging as a key exploration player in the Australian market.
ILT Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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