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Iltani Resources Limited is a Australia based resource company and to pursue Base Metal, Gold and Copper exploration. It is set to list on the Australian Securities Exchange (ASX).
Iltani Resources Limited has three projects – Northern Base Metal Project, Rookwood Project and Southern Gold Project.
*Northern Base Metal Project – The project is located in Northern QLD and consists of EPM 27934 (69 sub-blocks, 207 km2). Based on a review of historical exploration activities in the area, which highlighted the potential of the Mt Mist and Frewhurst targets. Mt Mist represents a high priority target, with known high grade polymetallic massive sulphide mineralisation in 2 lens. Frewhurst is a highly prospective copper target, with a large (250m x 250m) granite hosted vein system containing known copper mineralisation.
*Rookwood Project – The Project is located 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. Iltani applied for the tenements to target the Rookwood Volcanic Belt, which hosts known volcanic hosted massive sulphide (VHMS) mineralisation in the Develin Creek area.
*Southern Gold Project – The Project consists of EPM 27882 (20 sub-blocks, approx. 60 km2) – located in Southern QLD, approx. 100km NW of Brisbane. Based on a review of the historical exploration highlighted Nukinenda Dyke and Mt Langan as priority gold targets for follow up exploration.
Iltani Resources Limited was looking to raise up to $5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 2 Jun 2022 and closes on 29 Jun 2022. The expected date for quotation on ASX is ??????.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | ILT |
| Name | Iltani Resources Limited |
| Website | https://iltaniresources.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Canary Capital Ltd (Lead Manager). |
| Opening Date for the Public Offer: | 2 June 2022 |
| Closing Date for the Public Offer: | 29 June 2022 |
| Expected date for New Shares to commence trading on ASX | ?????? |
| Funds to be raised under the Public Offer (before costs) | $5,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 13,000,100 |
| Shares to be issued under the Public Offer | 25,000,000 |
| Total Shares | 38,375,100 |
| Escrow (estimate) | 9,720,095 Shares |
Source: Iltani Resources Limited prospectus, official website.