Iltani Resources Limited (ASX: ILT) is commencing follow-up exploration at its high-grade Antimony Reward deposit, part of the Herberton Project in Northern QLD. Iltani recently completed a site visit to the high-grade Antimony Reward antimony deposit.
Iltani Managing Director Donald Garner commented: “With the antimony price increasing to US$24,500/t plus the recently announced ban on Chinese exports, it is a good time to revisit our high-grade Antimony Reward deposit, which is part of our Herberton Project in Northern QLD. The high-grade antimony mineralization drilled in 2008 returned up to 17.30% Sb and is open down dip and along strike, representing a compelling drill target.
Historic drilling at Antimony Reward in 2008 returned high-grade antimony intersections of:
- ARRC006: 3m @ 3.49% Sb from 62m including 2m @ 5.51% Sb from 62m downhole
- ARRC010: 12m @ 2.73% Sb from 29m including 2m @ 11.93% Sb from 30m and 1m @ 17.30% Sb from 31m downhole
- ARC011: 3m @ 1.38% Sb from 47m downhole
- ARC012: 2m @ 1.87% Sb from 11m plus 5m @ 3.21% Sb from 19m including 1m @ 12.25% Sb from 23m downhole
High-grade antimony mineralization is open down dip and along strike and represents a high priority drill target
- Antimony is on the Critical Mineral lists of countries including Australia, the USA, Canada, Japan, and the EU, with a variety of defence and military applications
- China, the world’s biggest producer of antimony, has placed export bans on some antimony products from September 2024. Antimony is currently trading at US$24,500/t (Argus Metals, antimony ingot min 99.65% fob China)
- Iltani has commenced drill planning activities aiming to align potential drilling at Antimony Reward with the next phase of Orient Silver-Indium project drilling
We are examining potential drill targets at Antimony Reward with the aim of aligning drilling at Antimony Reward with the next phase of drilling planned for our nearby Orient Silver-Indium Project, which will be a more cost-effective use of our resources and save on mobilization and demobilization costs.”
To read more about this, please visit www.iltaniresources.com.au
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