# ILT: 2026 Annual Report to Shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145529 Publisher: asx Original announcement: 2026-09-29T07:39:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T14:39:27.673Z Atlas analysis updated: 2026-09-29T14:39:27.673Z - Company: Iltani Resources Limited - Ticker: ILT - Exchange: ASX - Region: Northern Queensland - Primary commodity: Silver - Secondary commodities: Indium, Lead, Zinc - Document categories: Resource update, Capital raise, Agreement transaction - Extracted: 2026-09-29 14:39:28 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Iltani Resources Limited reported a transformational year in its 2026 Annual Report, highlighted by the maiden JORC compliant Mineral Resource Estimates for its Orient Silver-Indium Project. The combined MRE stands at 62.5Mt at 82 g/t Ag Eq., confirming it as Australia’s largest known silver-indium deposit. The company also secured an A$8 million investment from the Queensland Investment Corporation, comprising non-dilutive funding and an equity placement, and progressed its largest drilling program to date. Reasoning: Iltani Resources Limited delivered significant maiden JORC compliant Mineral Resource Estimates for its Orient Silver-Indium Project, establishing it as a major deposit, and secured substantial funding to advance its development, demonstrating strong progress and future potential. - Positive factor: Maiden JORC compliant Mineral Resource Estimates for the Orient Silver-Indium Project - Positive factor: Significant contained metal reported across silver, indium, lead, and zinc - Positive factor: Project confirmed as Australia's largest known silver-indium deposit - Positive factor: Substantial A$8 million investment secured from Queensland Investment Corporation \(QIC\), including non-dilutive funding - Positive factor: Strategic focus on critical minerals and ongoing drilling to upgrade resources - Positive factor: Qualified Person \(QP\) / Competent Person \(CP\) sign-off on MREs - Positive factor: Metal equivalent assumptions are clearly disclosed - Negative factor: MREs still contain a significant inferred component, indicating early stage of resource definition - Negative factor: No specific drill-hole intercepts were provided in this annual report, only a summary of drilling activity - Negative factor: Exploration Target is conceptual in nature and does not constitute a Mineral Resource Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 32 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document explicitly states the release of initial Mineral Resource Estimates for Orient West and Orient East, which are the first formal MREs for these projects. Evidence · text > In July 2025, we announced the maiden JORC compliant Mineral Resource Estimate \(MRE\) for Orient West... This was followed in October 2025 by the maiden Orient East MRE **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Mineral Resource Estimates for Orient West, Orient East, and the combined Orient Project are all stated to be JORC compliant. Evidence · text > maiden JORC compliant Mineral Resource Estimate \(MRE\) for Orient West **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The 'Competent Persons Statement' section names Mr Louis Cohalan, Mr Stuart Hutchin, and Mr Erik Norum as Competent Persons responsible for the MREs and Exploration Results. Evidence · text > The information in this report that relates to the Orient Mineral Resource Estimates is based on information compiled by Mr Louis Cohalan who is a member of The Australasian Institute of Geologists \(AIG\), and is a full time employee of Mining One Consultants, and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves’ \(JORC Code\). **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The document reports the initial contained metal for the Orient Project, including 46 million ounces of silver, 341,000 tonnes of lead, 421,000 tonnes of zinc and 725 tonnes of indium, establishing a significant new resource base. Evidence · text > The MRE contains an estimated 46 million ounces of silver, 341,000 tonnes of lead, 421,000 tonnes of zinc and 725 tonnes of indium, confirming Orient as the largest known silver-indium deposit in Australia. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Mineral Resource Estimates are reported with a clear cut-off grade of 30 g/t Ag Eq. Evidence · text > Combined, the Orient MRE stands at 62.5Mt at 82 g/t Ag Eq. \(30 g/t Ag Eq. cut-off\). **Metal Equivalent Opaque** Polarity: negative Story-specific tag Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: The metal equivalent calculation formula, recoveries, and commodity prices used are explicitly detailed in Table 7 and accompanying text. Evidence · text > The equivalent silver formula is Ag Eq. = Ag + \(Pb x 35.5\) + \(Zn x 50.2\) + \(In x 0.47\) **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the combined Orient MRE \(23.7 Mt\) is classified as Inferred, indicating lower geological confidence. Evidence · table > 23.7 Context: Inferred ## Extracted facts Stored fact records: 32. Some facts used in scoring do not have a stored record. ## Resource Estimates (32) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-0) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:f367450c21edf665e052 - Deposit or zone: Orient East #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 29 - Grade Unit: g/t - Contained Metal: 13.1 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver at Orient East, contributing significantly to the overall project's scale and confidence, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained silver in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 29 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-1) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:f367450c21edf665e052 - Deposit or zone: Orient East #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 5 - Grade Unit: g/t - Contained Metal: 71 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for indium at Orient East, contributing significantly to the overall project's critical minerals potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained indium in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 5 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-2) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:f367450c21edf665e052 - Deposit or zone: Orient East #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 0.73 - Grade Unit: % - Contained Metal: 104 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for lead at Orient East, contributing significantly to the overall project's base metal potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained lead in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.73 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-3) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:f367450c21edf665e052 - Deposit or zone: Orient East #### Resource Data - Category: indicated - Tonnes: 14200000 - Grade: 0.78 - Grade Unit: % - Contained Metal: 110 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for zinc at Orient East, contributing significantly to the overall project's base metal potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained zinc in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.78 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-4) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:f367450c21edf665e052 - Deposit or zone: Orient East #### Resource Data - Category: indicated - Tonnes: 14200000 - Contained Metal: 43.9 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Metal Eq. Grade: 96 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver equivalent at Orient East, contributing significantly to the overall project's scale and confidence, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained silver equivalent in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 96.0 Context: 14.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-5) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:69cf97be2ff1288e8e19 - Deposit or zone: Orient East #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 31 - Grade Unit: g/t - Contained Metal: 5.6 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver at Orient East, adding to the project's overall potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained silver in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 31 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-6) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:69cf97be2ff1288e8e19 - Deposit or zone: Orient East #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 10.6 - Grade Unit: g/t - Contained Metal: 60 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for indium at Orient East, adding to the project's critical minerals potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained indium in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 10.6 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-7) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:69cf97be2ff1288e8e19 - Deposit or zone: Orient East #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 0.79 - Grade Unit: % - Contained Metal: 44 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for lead at Orient East, adding to the project's base metal potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained lead in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.79 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-8) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:69cf97be2ff1288e8e19 - Deposit or zone: Orient East #### Resource Data - Category: inferred - Tonnes: 5600000 - Grade: 0.77 - Grade Unit: % - Contained Metal: 44 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for zinc at Orient East, adding to the project's base metal potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained zinc in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.77 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-9) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:69cf97be2ff1288e8e19 - Deposit or zone: Orient East #### Resource Data - Category: inferred - Tonnes: 5600000 - Contained Metal: 18.6 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Metal Eq. Grade: 103 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver equivalent at Orient East, adding to the project's overall potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient East - Positive factor: Significant contained silver equivalent in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 103.0 Context: 5.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-10) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:d710ed3e282a750a90c1 - Deposit or zone: Orient West #### Resource Data - Category: indicated - Tonnes: 24600000 - Grade: 19.8 - Grade Unit: g/t - Contained Metal: 15.7 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver at Orient West, contributing significantly to the overall project's scale and confidence, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained silver in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 19.8 Context: 24.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-11) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:d710ed3e282a750a90c1 - Deposit or zone: Orient West #### Resource Data - Category: indicated - Tonnes: 24600000 - Grade: 14.2 - Grade Unit: g/t - Contained Metal: 349 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for indium at Orient West, contributing significantly to the overall project's critical minerals potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained indium in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 14.2 Context: 24.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-12) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:d710ed3e282a750a90c1 - Deposit or zone: Orient West #### Resource Data - Category: indicated - Tonnes: 24600000 - Grade: 0.44 - Grade Unit: % - Contained Metal: 109 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for lead at Orient West, contributing significantly to the overall project's base metal potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained lead in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.44 Context: 24.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-13) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:d710ed3e282a750a90c1 - Deposit or zone: Orient West #### Resource Data - Category: indicated - Tonnes: 24600000 - Grade: 0.62 - Grade Unit: % - Contained Metal: 152 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for zinc at Orient West, contributing significantly to the overall project's base metal potential, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained zinc in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.62 Context: 24.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-14) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:d710ed3e282a750a90c1 - Deposit or zone: Orient West #### Resource Data - Category: indicated - Tonnes: 24600000 - Contained Metal: 58 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Metal Eq. Grade: 73.4 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver equivalent at Orient West, contributing significantly to the overall project's scale and confidence, with transparent reporting. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained silver equivalent in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 73.4 Context: 24.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-15) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:584fa01f77b239eb3331 - Deposit or zone: Orient West #### Resource Data - Category: inferred - Tonnes: 18100000 - Grade: 19.6 - Grade Unit: g/t - Contained Metal: 11.4 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver at Orient West, adding to the project's overall potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained silver in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 19.6 Context: 18.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-16) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:584fa01f77b239eb3331 - Deposit or zone: Orient West #### Resource Data - Category: inferred - Tonnes: 18100000 - Grade: 13.6 - Grade Unit: g/t - Contained Metal: 245 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for indium at Orient West, adding to the project's critical minerals potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained indium in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 13.6 Context: 18.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-17) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:584fa01f77b239eb3331 - Deposit or zone: Orient West #### Resource Data - Category: inferred - Tonnes: 18100000 - Grade: 0.47 - Grade Unit: % - Contained Metal: 85 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for lead at Orient West, adding to the project's base metal potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained lead in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.47 Context: 18.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-18) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:584fa01f77b239eb3331 - Deposit or zone: Orient West #### Resource Data - Category: inferred - Tonnes: 18100000 - Grade: 0.63 - Grade Unit: % - Contained Metal: 115 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for zinc at Orient West, adding to the project's base metal potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained zinc in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.63 Context: 18.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-19) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:584fa01f77b239eb3331 - Deposit or zone: Orient West #### Resource Data - Category: inferred - Tonnes: 18100000 - Contained Metal: 43.3 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-07-31 #### Metal Equivalent - Metal Eq. Grade: 74.5 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver equivalent at Orient West, adding to the project's overall potential but with lower confidence than indicated resources. - Positive factor: Maiden JORC compliant resource for Orient West - Positive factor: Significant contained silver equivalent in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 74.5 Context: 18.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-20) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:4c09cdb2b6108c2c8fb8 - Deposit or zone: Orient Project #### Resource Data - Category: indicated - Tonnes: 38800000 - Grade: 23.2 - Grade Unit: g/t - Contained Metal: 28.9 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver for the combined Orient Project, establishing a substantial resource base with transparent reporting. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained silver in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 23.2 Context: 38.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-21) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:4c09cdb2b6108c2c8fb8 - Deposit or zone: Orient Project #### Resource Data - Category: indicated - Tonnes: 38800000 - Grade: 10.8 - Grade Unit: g/t - Contained Metal: 420 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for indium for the combined Orient Project, establishing a substantial critical minerals resource base with transparent reporting. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained indium in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 10.8 Context: 38.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-22) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:4c09cdb2b6108c2c8fb8 - Deposit or zone: Orient Project #### Resource Data - Category: indicated - Tonnes: 38800000 - Grade: 0.55 - Grade Unit: % - Contained Metal: 212 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for lead for the combined Orient Project, establishing a substantial base metal resource base with transparent reporting. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained lead in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.55 Context: 38.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-23) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:4c09cdb2b6108c2c8fb8 - Deposit or zone: Orient Project #### Resource Data - Category: indicated - Tonnes: 38800000 - Grade: 0.68 - Grade Unit: % - Contained Metal: 263 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for zinc for the combined Orient Project, establishing a substantial base metal resource base with transparent reporting. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained zinc in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 0.68 Context: 38.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-24) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:4c09cdb2b6108c2c8fb8 - Deposit or zone: Orient Project #### Resource Data - Category: indicated - Tonnes: 38800000 - Contained Metal: 101.9 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Metal Eq. Grade: 81.7 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden indicated resource for silver equivalent for the combined Orient Project, establishing a substantial resource base with transparent reporting. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained silver equivalent in the indicated category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed Evidence · table > 81.7 Context: 38.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-25) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:bc2d8981ca3e21c9be12 - Deposit or zone: Orient Project #### Resource Data - Category: inferred - Tonnes: 23700000 - Grade: 22.3 - Grade Unit: g/t - Contained Metal: 17 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver for the combined Orient Project, adding to the overall resource potential but with lower confidence. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained silver in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 22.3 Context: 23.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-26) Orient Silver-Indium Project · indium #### Identity - Project: Orient Silver-Indium Project - Commodity: indium - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:bc2d8981ca3e21c9be12 - Deposit or zone: Orient Project #### Resource Data - Category: inferred - Tonnes: 23700000 - Grade: 12.9 - Grade Unit: g/t - Contained Metal: 306 - Contained Unit: t - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for indium for the combined Orient Project, adding to the overall critical minerals potential but with lower confidence. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained indium in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 12.9 Context: 23.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-27) Orient Silver-Indium Project · lead #### Identity - Project: Orient Silver-Indium Project - Commodity: lead - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:bc2d8981ca3e21c9be12 - Deposit or zone: Orient Project #### Resource Data - Category: inferred - Tonnes: 23700000 - Grade: 0.55 - Grade Unit: % - Contained Metal: 129 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for lead for the combined Orient Project, adding to the overall base metal potential but with lower confidence. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained lead in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.55 Context: 23.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-28) Orient Silver-Indium Project · zinc #### Identity - Project: Orient Silver-Indium Project - Commodity: zinc - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:bc2d8981ca3e21c9be12 - Deposit or zone: Orient Project #### Resource Data - Category: inferred - Tonnes: 23700000 - Grade: 0.66 - Grade Unit: % - Contained Metal: 157 - Contained Unit: kt - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for zinc for the combined Orient Project, adding to the overall base metal potential but with lower confidence. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained zinc in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 0.66 Context: 23.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-29) Orient Silver-Indium Project · silver #### Identity - Project: Orient Silver-Indium Project - Commodity: silver - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Louis Cohalan, Mr Stuart Hutchin, Mr Erik Norum - Resource group id: resource:bc2d8981ca3e21c9be12 - Deposit or zone: Orient Project #### Resource Data - Category: inferred - Tonnes: 23700000 - Contained Metal: 61.9 - Contained Unit: moz - Cutoff Grade: 30 - Cutoff Unit: g/t Ag Eq. #### Prior Estimate - Resource Date: 2025-10-30 #### Metal Equivalent - Metal Eq. Grade: 81.2 - Metal Eq. Unit: g/t Ag Eq. - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This is a maiden inferred resource for silver equivalent for the combined Orient Project, adding to the overall resource potential but with lower confidence. - Positive factor: Maiden JORC compliant resource for the combined Orient Project - Positive factor: Significant contained silver equivalent in the inferred category - Positive factor: QP/CP signed off on the estimate - Positive factor: Cut-off grade and metal equivalent assumptions disclosed - Negative factor: Resource is in the inferred category, indicating lower geological confidence Evidence · table > 81.2 Context: 23.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 31 [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-30) #### Identity - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Reporting standards: jorc #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The A$2 million equity investment from QIC at A$0.37 per share provides significant capital for project development and signals strong institutional confidence in the Orient Silver-Indium Project. - Positive factor: Significant equity investment from a strategic investor \(QIC\) - Positive factor: Funds dedicated to advancing the Orient Silver-Indium Project - Positive factor: Investment at a premium to the share price at the start of the financial year \($0.23\) Evidence · text > On 15 October 2025 the Company announced that the QIC Critical Minerals and Battery Technology fund \(QCMBTF\) has agreed to advance development of the Orient Silver-indium Project located near Herberton in Northern Queensland. QCMBTF agreed to pay the Company $6.0M in upfront, non-dilutive funding tied to royalties based on future production sales and an equity investment of $2.0M, subject to shareholder approval. Shareholder approval was granted at the Company's 2025 Annual General Meeting held on 27 November 2025 and the investment of $2.0M in equity and payment of $6.0M were completed on 11 December 2025. The Company issued 5,405,405 fully paid ordinary shares relating to the $2.0M investment on 11 December 2025 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Fact 32 [Link to this fact](https://atlas-staging.minestarters.com/news/ilt-2026-annual-report-to-shareholders--cb79a78e-db2f-4006-a8b4-f9b3f2dba3d0#fact-resource-facts-31) #### Identity - Region: australia\_qld - Reported Region: Northern Queensland - Ticker: ILT #### Resource scope - Reporting standards: jorc #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The sale of non-core Tasmanian exploration licences for A$150,000 in cash provides additional capital and allows the company to concentrate resources on its core Orient Project. - Positive factor: Sale of non-core assets generates cash for the company - Positive factor: Allows for sharpened focus on the primary Orient Project Evidence · text > Sold two exploration licences in Tasmania \(EL6/2024 and EL33/2022\) to G11 Resources for $150,000 in cash. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.