What is the story about?
What's Happening?
Iltani Resources has discovered new mineral targets at the Orient Project in North Queensland following a rock chip sampling program. The new target area, located southwest of Orient West, showed promising grades of silver and lead. Additional sampling at Deadman Creek and other prospects revealed high-grade mineralization, including silver, indium, lead, and zinc. The company plans to conduct further drilling and resource estimation to advance the project.
Why It's Important?
The discovery of new mineral targets at the Orient Project enhances Iltani Resources' exploration potential, contributing to the supply of metals and critical raw materials needed for clean energy technologies. The findings could lead to increased investment and development in the region, supporting local economies and the mining sector. The project's success may also bolster Australia's position in the global market for strategic minerals.
What's Next?
Iltani Resources intends to complete a resource estimate for Orient East and conduct a VTEM targeted drilling program across various prospects. The company will participate in the Noosa Mining Investor Conference, potentially attracting further investment and partnerships to advance its exploration efforts.
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