ILT – Iltani Resources | Aussie Stock Forums

Iltani Resources Limited is an Australian based resource company that has built a portfolio of base and precious metal exploration projects in Queensland through application. The projects were selected based on a review of historical exploration activity, geological prospectivity and commodity exposure.

The three current projects are: Northern Base Metal Project, Rookwood Project and the Southern Gold Project.

Northern Base Metal Project

The Northern Base Metal Project consists of EPM 27934 (69 sub-blocks, 207 km2), located in Northern QLD. The project area is approximately 120km from Mt Garnet (1Mtpa milling facility capable of processing polymetallic base metal sulphide ore to produce separate copper, lead and zinc flotation concentrates).

Iltani applied for EPM 27934 based on a review of historical exploration activities in the area, which highlighted the potential of the Mt Mist and Frewhurst targets.

Rookwood Project

The Rookwood Project is located approximately 70km west of the regional centre of Rockhampton in Central Eastern Queensland. The project consists of EPM 27919, EPM27927, EPM27929 and EPM 27930 and covers 670 km2.

The Rookwood Project lies within the New England Orogen (NEO), which incorporates rocks formed between the Devonian and Triassic periods. The NEO is endowed with multiple mineral deposits reflecting a long history of igneous intrusion, volcanism and tectonic activity. The range of mineral deposit styles include polymetallic intrusive mineralisation and volcanic related porphyry and volcanic hosted massive sulphide (VHMS) style mineralisation including the world class Mt Morgan deposit (approx. 50Mt @ 0.8% Cu & 4.75 g/t Au mined), Mount Chalmers and the Develin Creek (Sulphide City) deposits.

Southern Gold Project

The Southern Gold Project consists of EPM 27882 (20 sub-blocks, approx. 60 km2) – located in Southern QLD, approx. 100km NW of Brisbane.

The project area is situated in the SE part of the Yarraman Block, a NW trending Late Palaeozoic tectonic unit, which is flanked by younger Triassic rocks of the Esk Trough to the NE and by the sediments of the Mesozoic Moreton-Clarence Bain to the SW.

The Yarraman Block has been intruded by a series of Late Permian to Early Triassic granites and other intrusive rocks (granodiorites and diorites) which are believed to be associated with the gold mineralisation.

A review of the historical exploration highlighted Nukinenda Dyke and Mt Langan as priority gold targets for follow up exploration.

It is anticipated that ILT will list on the ASX during July 2022.