ILT - Iltani Resources

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Iltani Resources Limited is an Australian based resource company that has built a portfolio of base and precious metal exploration projects in Queensland through application. The projects were selected based on a review of historical exploration activity, geological prospectivity and commodity exposure.

The three current projects are: Northern Base Metal Project, Rookwood Project and the Southern Gold Project.

Northern Base Metal Project

The Northern Base Metal Project consists of EPM 27934 (69 sub-blocks, 207 km2), located in Northern QLD. The project area is approximately 120km from Mt Garnet (1Mtpa milling facility capable of processing polymetallic base metal sulphide ore to produce separate copper, lead and zinc flotation concentrates).

Iltani applied for EPM 27934 based on a review of historical exploration activities in the area, which highlighted the potential of the Mt Mist and Frewhurst targets.

Rookwood Project

The Rookwood Project is located approximately 70km west of the regional centre of Rockhampton in Central Eastern Queensland. The project consists of EPM 27919, EPM27927, EPM27929 and EPM 27930 and covers 670 km2.

The Rookwood Project lies within the New England Orogen (NEO), which incorporates rocks formed between the Devonian and Triassic periods. The NEO is endowed with multiple mineral deposits reflecting a long history of igneous intrusion, volcanism and tectonic activity. The range of mineral deposit styles include polymetallic intrusive mineralisation and volcanic related porphyry and volcanic hosted massive sulphide (VHMS) style mineralisation including the world class Mt Morgan deposit (approx. 50Mt @ 0.8% Cu & 4.75 g/t Au mined), Mount Chalmers and the Develin Creek (Sulphide City) deposits.

Southern Gold Project

The Southern Gold Project consists of EPM 27882 (20 sub-blocks, approx. 60 km2) – located in Southern QLD, approx. 100km NW of Brisbane.

The project area is situated in the SE part of the Yarraman Block, a NW trending Late Palaeozoic tectonic unit, which is flanked by younger Triassic rocks of the Esk Trough to the NE and by the sediments of the Mesozoic Moreton-Clarence Bain to the SW.

The Yarraman Block has been intruded by a series of Late Permian to Early Triassic granites and other intrusive rocks (granodiorites and diorites) which are believed to be associated with the gold mineralisation.

A review of the historical exploration highlighted Nukinenda Dyke and Mt Langan as priority gold targets for follow up exploration.

It is anticipated that ILT will list on the ASX during July 2022.

Iltani Resources - Home

About CLEAR STRATEGY WITH THE EXPERIENCE TO DELIVER Iltani Resources Limited is an Australian based resource company, driven to create shareholder value through astute business growth – at the drill bit and in the boardroom. Starting with our gold and base metal projects in Queensland, Iltani...

iltaniresources.com.au

 

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Listing date	11 July 2022 #
Company contact details	https://iltaniresources.com.au/ Ph: 03 8630 3321
Principal Activities	Exploring for, acquiring, developing and operating resource projects in Australia.
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	ILT
Capital to be Raised	$5,000,000
Expected offer close date	29 June 2022
Underwriter	Not underwritten. Canary Capital Ltd (Lead Manager)

 

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Application withdrawn 15/07/2022.

 

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Application withdrawn 15/07/2022.

But float they did, mid 2023

...the 70 per cent rise this week got an ASX ticket

1. The Company is not aware of any information that has not been announced which is an explanation for the recent trading in its securities.
2. Not applicable
3. The Company announced on 06 May 2024 that it had commenced drilling activities at its Orient Silver-Indium Project located in North Queensland. The Company confirms that drilling is ongoing and exploration results will be released in accordance with the Company’s continuous disclosure requirements.
Other than mentioned above, the Board can offer no other explanation for the increased interest in the Company’s securities.
4. The Company confirms that it is complying with the Listing Rules and, in particular, Listing
Rule 3.1.

 

[Dona Ferentes]

and another in the Antimony frenzy

23c, now in TH for material cap raise.

Iltani Managing Director Donald Garner commented: “These are fantastic assay results from our Antimony Reward Project. It is good to see the presence of high-grade antimony mineralisation in both mapped vein systems, and more importantly extending far beyond the area of historical drilling.

"We are focused on commencing drilling at the project as soon as we can – and we are targeting end of September as a start date. We have signed a Conduct and Compensation Agreement with the landowner and are moving forward with First Nations clearance activities.

"It will be great to see the drill rig in action – as we are all extremely excited as to the potential of the Antimony Reward system to deliver a high-grade antimony resource, and with antimony currently trading at US$25,100 /tonne, there is not a better time to be doing this work.

"The antimony mineralisation sampled at Antimony Reward to date contains exceptionally low arsenic. Arsenic is a key penalty element with regards to antimony concentrates, so this is another good sign.”

 

[Dona Ferentes]

▪ Iltani has received firm commitments totalling $2.1 million via a Placement to institutional and sophisticated investors.
▪ Placement was completed at $0.21 per share, a 5.2% discount to the 10 day volume weighted average share price of $0.221 per share.
▪ The Board of Directors of Iltani have committed to subscribe for $75,000 of shares at an issue price of $0.21 per share, subject to shareholder approval.
▪ Iltani is well funded to continue exploration at its exciting Antimony Reward and Orient Projects, part of the Herberton Project in Northern Queensland.