Iltani Resources Silver-Indium Project Secures QIC Funding for Expansion

QIC's $8M Investment Fuels Iltani Resources' Ambitious 2026 Expansion Plans

Queensland Investment Corporation has backed Iltani Resources (ASX: ILT) with an $8.0 million investment through its Queensland Critical Minerals and Battery Technology Fund, setting the stage for a significant acceleration of activities at the company's Orient Silver-Indium Project. This funding injection comes as Iltani wraps up what Managing Director Donald Garner describes as an "outstanding" 2025 exploration season.

The timing couldn't be better for Australia's largest known silver-indium deposit, located 120km southwest of Cairns. With a newly established Orient Project Mineral Resource of 34.2Mt @ 110.4 g/t silver equivalent, containing 34.4 million ounces of silver equivalent, the Iltani Resources silver-indium project is transitioning from pure exploration to development planning whilst maintaining an aggressive exploration programme.

QIC Investment Accelerates Development Timeline

The Queensland Investment Corporation's backing represents more than just capital—it's strategic validation of Iltani's potential in the critical minerals space. QIC, managing A$131.6 billion in assets, typically targets businesses that can deliver economic growth in Queensland whilst supporting the development of critical minerals sectors.

Furthermore, this investment enables immediate acceleration of development activities. Managing Director Donald Garner stated: "The completion of the Queensland Investment Corporation's $8.0M investment into Iltani has enabled us to accelerate Orient Project activities, and we have commenced the studies, permitting and approval process for the Orient Project."

Key immediate developments include:

• Mining Option Study commenced with full permitting process underway
• Richard Oldham engaged to manage permitting and approvals (extensive experience including Stanmore Resources, Aurelia Metals, and Gulf Alumina projects)
• Multiple specialist consultants appointed for concept study including Mining One Consultants, Mincore, and Core Metallurgy

2025 Season Concludes with Strong Foundation

Despite early season closure due to wet weather, Iltani completed critical groundwork for 2026 expansion. In addition, the company achieved several significant milestones that position the Iltani Resources silver-indium project for accelerated development.

The Link Zone represents a particularly exciting development, potentially connecting Orient West and Orient East into a single, larger pit operation. Recent drilling returned impressive results including 22m @ 155.1 g/t Ag Eq. from 127m, with high-grade zones reaching 4m @ 519.4 g/t Ag Eq.

Understanding Silver Equivalent Grades

Silver equivalent (Ag Eq.) is a standard industry metric that converts all valuable metals in a deposit to their equivalent value in silver. For instance, Iltani's calculation includes silver, lead, zinc, and indium using current market prices and expected metallurgical recoveries.

Iltani's Ag Eq. Formula:
Ag Eq. = Ag + (Pb x 35.5) + (Zn x 50.2) + (In x 0.47)

This metric is crucial for investors because it provides a single number representing the total economic value per tonne of rock. At 110.4 g/t silver equivalent, Orient's grades are exceptionally strong compared to typical silver deposits, which often range from 50-150 g/t Ag Eq.

Consequently, the formula assumes 87% silver recovery, 90% lead recovery, 85% zinc recovery, and 85% indium recovery—figures based on historical metallurgical test work indicating these metals can be concentrated into saleable lead and zinc concentrates.

Comprehensive 2026 Exploration Strategy

With QIC funding secured, Iltani is planning its most ambitious exploration programme to date. Moreover, this programme targets both resource expansion and new discoveries across the 370 km² Herberton Project, significantly advancing the Iltani Resources silver-indium project.

Orient Resource Growth Targets

Regional Exploration Expansion

Beyond Orient, Iltani will significantly expand activities across the broader Herberton Project. However, this regional approach offers substantial potential for additional discoveries that could complement the main deposit.

• Isabel Mine: Redrill high-grade massive sulphide deposit (20km from Orient)
• Isabel Extended: Target exceptional copper-silver mineralisation
• Boonmoo Epithermal System: Test gold-silver targets within the caldera complex
• Antimony Reward: Follow up 7m @ 7.61% antimony intersection
• Deadman Creek: Drill multiple VTEM targets across 500m x 800m area

Strategic Partnerships Drive Technical Excellence

Iltani's approach to advancing Orient demonstrates sophisticated technical planning. Furthermore, the company has assembled a team of specialist consultants for the Mining Concept Study, ensuring the Iltani Resources silver-indium project benefits from world-class expertise.

Technical Team Overview:

• Mining One Consultants: Mine design and production profiling
• Mincore: Process and infrastructure studies
• Core Metallurgy: Advanced metallurgical testing
• Trend Environmental: Ecological surveys and approvals
• Fitton Tailings Consultants: Waste management solutions

Additionally, a University of Queensland PhD study will commence in April 2026, supported by CSIRO funding. This academic collaboration will develop comprehensive geological models for the broader 20km Boonmoo Sag Caldera area.

Investment Thesis: Critical Minerals in a Strategic Location

Iltani's Orient Project addresses multiple investment themes converging in the critical minerals space. In addition, the project's strategic location and resource quality position it advantageously within this growing sector.

Resource Quality: With 34.4 million ounces of silver equivalent in the current resource and substantial exploration upside, Orient ranks amongst Australia's premier silver deposits.

Critical Minerals Exposure: Indium, essential for solar panels and electronic displays, adds significant value. At current prices (~US$350/kg), Orient's 579 tonnes of contained indium represents substantial strategic value.

Queensland Advantage: Location in a mining-friendly jurisdiction with strong infrastructure and government support through initiatives like the QIC fund.

Development Optionality: The Mining Concept Study will define multiple development pathways, potentially including both open-pit and underground operations.

Why Should Investors Follow Iltani Resources?

QIC's strategic investment validates both Orient's technical merits and Iltani's execution capabilities. Consequently, the funding enables a dramatic acceleration of activities just as the company transitions from exploration success to development planning.

Key Tracking Points for 2026:

• Resource Growth: Multiple drilling programmes targeting 50%+ resource expansion
• Metallurgical Results: Critical for confirming processing routes and recoveries
• Permitting Progress: Pathway toward production decision
• Regional Discoveries: Potential for additional resources within the Herberton Project

The combination of proven resources, expansion potential, critical minerals exposure, and well-funded development timeline positions Iltani as a compelling growth story in the Australian mining sector.

Furthermore, the timing of this development phase coincides with increasing global demand for critical minerals. The Iltani Resources silver-indium project represents a rare opportunity to invest in a high-quality asset with substantial growth potential in a mining-friendly jurisdiction.

With QIC's backing and Australia's largest silver-indium resource, Iltani Resources is transitioning from explorer to developer whilst maintaining aggressive growth targets. The 2026 programme could significantly expand resources whilst advancing toward production, making this a critical year for the company's evolution.

Could Iltani Resources Be Your Next Critical Minerals Investment?

With QIC's $8 million strategic investment validating Orient's potential and an aggressive 2026 programme targeting 50%+ resource expansion, Iltani Resources presents a compelling opportunity in Australia's critical minerals sector. The company controls the nation's largest silver-indium deposit whilst maintaining substantial exploration upside across the 370 km² Herberton Project. As Iltani transitions from explorer to developer with well-funded growth targets, investors seeking exposure to critical minerals and silver may want to examine the company's development plans more closely. Discover more about Iltani Resources and the Orient Project to evaluate this emerging opportunity in Queensland's mining sector.