Iltani Resources Expands Tasmania Project with Tenement Grant; Shares Rise 5%

Iltani Resources (ASX:ILT) secured a copper exploration license grant at a tenement adjacent to the Mount Lyell project in Tasmania, according to a Friday filing with the Australian bourse.

The tenement contains known extensions to the Mount Read volcanic belt where the project's copper deposits are located, the filing said.

Company shares rose almost 5% in recent Friday trade.

Price (AUD): $0.22, Change: $+0.010, Percent Change: +4.76%