Orient is part of Iltani’s Herberton project and is said to be one of Australia’s largest silver-indium projects. It has a girl JORC estimates mineral resources at 12.6 million tonnes (Mt) at 128 grams per tonne (g/t) silver equivalent and 19.8 Mt at 98 g/t silver equivalent.
Test results from the recent drilling include a 10 meter intercept at 111.7 g/t silver, 44.1 g/t indium, 2.2 percent lead and 2.1 percent zinc from 104 meters.
“The results highlight the potential of the ‘Link Zone’ (approximately 900 meters elevation between Orient West and East) to host material mineralization and it should be noted that the current Orient Mineral Resource estimate does not include recent drilling results in the Link Zone,” said Managing Director Donald Garner.
Iltani added that the interconnection zone is still a high-priority target area, scheduled for drill testing after the wet season.
“(It) will form part of a larger drilling program planned to expand the current Orient West and Orient East resources and follow up on the results of the geophysical surveys.”
In October 2025, Iltani announced that a Investment of AU$8 million for the Orient project was awarded by the Queensland Investment Corporation under its Critical Minerals and Battery Technology Fund.
The investment involves an upfront payment of AU$6 million, non-dilutive financing linked to royalties based on future product sales and an equity investment of AU$2 million, subject to shareholder approval.
The financing will support the progress of the project’s development and continued exploration activities.
Iltani said it is planning an aggressive drilling program in both Orient and Herberton, supported by QIC’s investment financing.
“We plan to drill more holes for more meters in 2026 than we drilled in 2024 and 2025 combined.”
Developments at projects such as Herberton and Orient, which hold silver products and deposits, continue to be the subject of news stories as silver prices have topped AU$100 since December 2025.
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Securities Disclosure: I, Gabrielle de la Cruz, have no direct investment interest in any company mentioned in this article.
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