Iltani Resources Limited 100%-owns the Orient Silver-Indium Project within the ~370km2 Herberton Project in north-east Queensland (its former Tasmanian licences, Mount Read Volcanics, were sold in December 2025 for A$150,000 -- Queensland-only now). A maiden JORC Mineral Resource (30 October 2025) reported the Orient West + Orient East estimate at two cutoffs of the same underlying estimate: 62.5 million tonnes at 81.5g/t silver-equivalent for approximately 163.8 million ounces AgEq at a 30g/t cutoff, or 34.2 million tonnes at 110.4g/t AgEq for approximately 121.4 million ounces AgEq at a tighter 60g/t higher-grade-core cutoff. Genuine co-products indium, lead and zinc underpin the silver-equivalent formula; a real antimony prospect (Antimony Reward) and gold (Boonmoo) and copper (Isabel Extended) exploration targets exist elsewhere in the portfolio, though the company itself states antimony is not economically payable and not part of the resource calculation. No Ore Reserve or completed economic study exists yet -- the company's own 11 August 2026 release guides an updated MRE for Q4 2026 feeding a Scoping Study in 2027. The company held A$7.52 million in cash at 30 June 2026 (approximately 6.7 quarters of funding runway per its own disclosure) and no debt, though it separately received A$8.0 million from a Queensland Government critical-minerals fund (QIC) in December 2025 -- A$6.0 million cash for a 2.00-2.50% gross-revenue royalty over the entire Herberton Project plus A$2.0 million in equity -- a real, secured encumbrance distinct from debt.
Notable vs. Peers
- Financials score of 8.7/10 is stronger than the peer average of 6.6/10.
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.9/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Geologist with over 25 years' experience in the resources sector. Previously held strategy and business-development roles at Red River Resources (2014-2021), transforming it into a $150m ASX-listed company. Corporate finance background at Deutsche Bank.
Mining and finance professional with over 30 years' experience in the resource and corporate finance sector. Previously Executive Director at Venturex Resources and Head of Institutional FX Sales at Westpac.
MBA and BSc(Hons) in Earth Science. Former geologist at mining companies including Great Central Mines; 15 years as a resources and energy analyst covering gold, base metals, and specialty metals.
Chartered Accountant with over 15 years' experience in public-company responsibilities. Principal of JM Corporate Services since 2019, serving as Company Secretary for multiple ASX-listed entities.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
stage=RESOURCE_DEFINITION: a real maiden JORC resource exists (30 Oct 2025) but no completed economic study of any kind exists yet -- the company's own 11 Aug 2026 release explicitly guides an updated MRE for Q4 2026 feeding a Scoping Study in 2027 (future, not current). ouncesFound (163,800,000) is the 30g/t-cutoff headline figure -- verified as the standard tonnes*grade/31.103477 troy-ounce conversion of the company's own sourced 62.5Mt @ 81.5g/t AgEq figure (independently confirmed on iltaniresources.com.au itself), not a third-party estimate. The 34.2Mt @ 110.4g/t AgEq / ~121.4Moz figure is the SAME underlying estimate at a tighter 60g/t cutoff, not a competing figure -- not averaged, both real. Secondary MinerCommodity GOLD (Boonmoo) + COPPER (Isabel Extended) are real, named exploration-stage prospects distinct from the Orient resource; indium/lead/zinc are genuine AgEq co-products but have no Commodity enum value and are recorded in this description only, matching this schema's existing zinc-has-no-enum-value precedent. Antimony (Antimony Reward) is a real prospect explicitly EXCLUDED from tagging: the company itself states it is not economically payable and not part of the resource calculation. debtUsd=0 is real and sourced (Appendix 5B nil) but is incomplete on its own without noting the QIC royalty deal above -- a real secured encumbrance over the whole project that this schema has no dedicated field for, recorded here instead.