{"id":6970,"date":"2024-03-11T03:49:18","date_gmt":"2024-03-11T03:49:18","guid":{"rendered":"https:\/\/economicherald.net\/?p=6970"},"modified":"2024-03-11T03:49:18","modified_gmt":"2024-03-11T03:49:18","slug":"iltani-reels-in-australias-highest-reported-indium-grades-at-orient-in-north-queensland","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6970","title":{"rendered":"Iltani reels in Australia\u2019s highest reported indium grades at Orient in North Queensland"},"content":{"rendered":"<p>Iltani has pulled in Australia\u2019s highest reported indium grades at its Orient project in North Queensland<br \/>\nMining One has been engaged to build a 3D model of the Orient System to assist with next round of drilling<br \/>\nStage 2 drilling is expected to kick off in March\/April<\/p>\n<p>\u00a0<\/p>\n<p><strong>Special Report: Stage-2 drilling results at Iltani\u2019s Orient project in North Queensland have returned up to 1,070g\/t indium, the highest known indium drilling assay reported in Australia. <\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Having submitted samples from its over-range indium results to ALS in Canada for further analysis, <a href=\"https:\/\/stockhead.com.au\/company\/iltani-resources-ilt\/\">Iltani Resources (ASX:ILT)<\/a> believes it\u2019s on to a winner with Australia\u2019s highest grade reported indium drilling results.<\/p>\n<p>Grades of up to 1,070g\/t and 870g\/t indium were returned in samples 122725 and 122757, respectively, as well as exceptionally high silver-lead-zinc mineralisation.<\/p>\n<p>Other results included:<\/p>\n<p>5m @ 43g\/t silver, 0.7% lead, 5% zinc, 0.2% tin from 117m;<br \/>\n1m @ 141g\/t silver, 1.7% lead, 18.8% zinc, 0.8% tin from 117m; and<br \/>\n4m @ 48g\/t silver, 1% lead, 4.8% zinc, 0.1% tin from 186m.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Indium \u2013 important value at the Orient project <\/strong><\/h2>\n<p>While ILT knew the Orient project had the potential to host a high-grade silver-indium deposit, managing director Donald Garner says these latest results exceeded expectations.<\/p>\n<p>\u201cIndium is currently trading at US$230 \u2013 260 per kg (Indium 99.99%, Rotterdam) and represents an important part of the value at the Orient project,\u201d he says.<\/p>\n<p>\u201cIt is a critical mineral as designated by Geoscience Australia and has this classification in the United States, Japan, South Korea, India and the United Kingdom.<\/p>\n<p>\u201cHistorical metallurgical test work indicates that the indium will be recovered to a zinc-indium-silver concentrate grading 47-48% zinc, 2,000g\/t indium and 200g\/t silver.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>3D model to optimise next drilling phase<\/strong><\/h2>\n<p>Work completed to date has only enhanced the company\u2019s confidence around the Orient System having the potential to host a world-class silver-lead-zinc-indium deposit.<\/p>\n<p>ILT has now engaged Mining One to build a 3D model of Orient using all available data such as RC drilling (Stage and 2) results, geophysical data reinterpretation (IP, magnetic and resistivity) as well as consult geologist Nick Tate\u2019s mapping to better understand Orient\u2019s potential.<\/p>\n<p>The company will then use this model to optimise the drill design of the remaining Stage 2 RC holes planned for March\/April 2024. It will then work with Mining One to lay the foundations for a resource estimate.<\/p>\n<p>ILT expects to restart Orient Stage 2 drilling in March\/April when the wet season in North Queensland abates.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Iltani Resources, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/iltani-reels-in-australias-highest-reported-indium-grades-at-orient-in-north-queensland\/\">Iltani reels in Australia\u2019s highest reported indium grades at Orient in North Queensland<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Iltani has pulled in Australia\u2019s highest reported indium grades at its Orient project in North Queensland Mining One has been engaged to build a 3D <a href=\"https:\/\/economicherald.net\/?p=6970\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6971,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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