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Iltani Resources Limited (ASX:ILT)

ALERT: Price-sensitive ASX Announcement for ILT
Current share price for ILT : $0.550 0.16 (41.03%)+
Announcement
Release
29 Jul 2026 9:37AM
Price at Release
$0.390
Full Release
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Summary
Iltani Resources Limited has reported its June 2026 quarterly activities, emphasizing exploration and development at the Herberton Project in Northern Queensland, particularly at the Orient Silver-Indium Project. The company has commenced a significant infill and expansion drilling program, completing 67 drill holes, with assay results pending. Notable high-grade mineralization was observed, and applications for three new exploration permits were submitted. Financially, the company ended the quarter with a cash balance of $7.52 million, having invested heavily in exploration activities and maintaining a robust capital structure. The report also includes a comprehensive update on the company's strategic initiatives and financials, highlighting ongoing efforts to enhance the mineral resource base and progress towards production.
Key Points
  • Iltani mobilised two RC drill rigs and commenced the 2026 Orient Silver-Indium Project.
  • Assay results were released for several drill holes, all intersecting high-grade mineralisation.
  • 67 drill holes were completed by the end of the quarter, with assays pending.
  • Iltani lodged applications for EPM 29521, EPM 29522, and EPM 29524.
  • The company ended the quarter with a cash balance of $7.52 million.
  • Significant exploration expenditure was incurred during the quarter.
  • No production activities were carried out during the quarter.
  • The Orient Project is Australia's largest known silver-indium deposit.
  • Strategic focus on converting exploration targets to mineral resources.
  • Appendix 5B details cash flow and related party payments.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.