Iltani Resources (ASX:ILT) Shares Rise: How Is Orient East Drilling Progressing?

Sonal Goyal

10 November 2026 02:41 PM AEDT

Iltani Resources (ASX:ILT) Shares Rise: How Is Orient East Drilling Progressing?

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Key Highlights

Iltani Resources shares were up 13.89% at $0.41 during the 10 November 2026 trading session.
Hole ORR221 intersected 106 metres of mineralisation, the thickest zone drilled to date at Orient.
Fifteen Orient East RC holes have reported intercepts above 1,000 gram silver equivalent metres.

Iltani Resources Limited (ASX:ILT) shares were trading higher during the 10 November 2026 session, up 13.89% at $0.41 at midday AEDT. The S&P/ASX 200 was also higher in the same session, up 1.13% at 9,131.90 around 12:30 pm AEDT. Iltani is advancing its Orient Silver Zinc Indium Project in northern Queensland. The company's most recent update was a release dated 2 November 2026, which reported the latest assay results from the ongoing drilling program at Orient East.

About the company

Iltani Resources is an ASX-listed explorer focused on the Orient Silver Zinc Indium Project in northern Queensland, which the company describes as Australia's largest and highest-grade known silver zinc indium project. The company has been drilling at Orient East to test the extent of mineralisation.

Drilling results released on 2 November 2026

Assay results were reported from 15 Orient East RC holes. Hole ORR221 intersected 106 metres at 143 grams per tonne silver equivalent from 8 metres, including a high-grade core of 22 metres at 384 grams per tonne. The company described this as the thickest zone of mineralisation drilled to date at Orient.

Other intercepts included 35 metres at 163 grams per tonne silver equivalent in hole ORR225, and 28 metres at 85 grams per tonne from surface in hole ORR228. The company said six intercepts exceeded 1,000 gram silver metres and five had one-metre assays above 1,000 grams per tonne silver equivalent.

Sector Context

Silver, zinc and indium are used in electronics, batteries, solder and energy applications. Silver-zinc deposits in northern Queensland have attracted interest from explorers seeking polymetallic resources near existing infrastructure.

Risks to Consider

Results are from an ongoing drilling program, and the resource implications are not yet defined.
Silver equivalent grades depend on metal prices and recovery assumptions that will be tested through studies.
Exploration requires further drilling, metallurgy and funding before a resource update is possible.

What to Watch Ahead

Assay results from the remaining Orient East holes.
Any updated Mineral Resource estimate for Orient.
Progress on metallurgical testwork and the next drilling phase.

Final Word

Iltani's latest assays show thick and high-grade zones at Orient East. Further results and any resource update will be the main points of reference for the project's next stage.

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