Iltani Resources Ltd (ASX: ILT) is a minerals exploration and development company. The Herberton key project covers 300 km2 and consists of 4 granted Exploration Permits for Minerals: EPM 27168 (Herberton), EPM 27721 (Isabel), EPM 27223 (Orient) and EPM 27331 (Wade Creek) and one application EPM 28899. The project area is located approx. 100 to 150km inland from Cairns in Far North Queensland. Other projects include the Northern Base Metal, Southern Gold and Rookwood projects in Queensland and its Mt Read Project, a highly strategic 99km2 licence in Tasmania’s Mt Read Volcanics (MRV) Belt, located between the world-class Rosebery and Hellyer-Que River VHMS deposits.
Potential Resource
Our initial resource estimate ranges from 40 to 55 million tonnes. It is too early to speculate on the grade mix, but in terms of silver equivalent, we estimate that the grade could be between 80 and 120 g/t Ag Eq.
