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. Co-products indium, lead and zinc underpin the silver-equivalent formula; an 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 secured encumbrance distinct from debt.
Notable vs. Peers
- Financials score of 7.2/10 is stronger than the peer average of 4.2/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Queensland: Fraser PPI 2025 is 82.72 of 100 (rank 18 of 68), which maps to 9 on this site's scale. Queensland, Australia -- top-tier, low political-risk mining jurisdiction, matching this schema's established Australian-state convention.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Orient Silver-Indium Project, Herberton Project, North-East Queensland, Australia (checked Sep 26, 2026; recheck due Mar 25, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
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 in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:2/10
Primary commodity: Zinc
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
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
Iltani Resources owns 100% of the Orient silver-indium project within its Herberton project of about 370 km2 in north-east Queensland, and sold its former Tasmanian licences in December 2025. The maiden JORC resource for Orient West and Orient East, released on 30 October 2025, is 62.5 Mt at 81.5 g/t silver equivalent at a 30 g/t cut-off, with zinc, silver, lead and indium as co-products; the indicated portion contains 579,815,749 lb of zinc and 28.9 Moz of silver, with no measured category, plus 346,125,751 lb of zinc inferred. An updated resource is guided for the fourth quarter of 2026, to feed a scoping study in 2027. In December 2025 a Queensland Government critical-minerals fund provided A$8.0M, A$6.0M of it for a 2.00-2.50% gross revenue royalty over the whole Herberton project and A$2.0M as equity.