Australia's Iltani drops to over 2-week low on discounted placement

Iltani Resources

02/10/2026 02:02

** Shares of Iltani Resources ILT.AX fall as much as 6.7% to A$0.42, hitting its lowest level since September 15
** Diversified miner issues 11.7 million shares at A$0.39 each share to raise A$4.6 million ($3.18 million)
** Issue price represents a 13.3% discount to stock's last close on September 28
** YTD stock down 25.9% including moves in current session

($1 = 1.4457 Australian dollars)

 (Reporting by Rudrannsh Mehra in Bengaluru)
 ((Rudrannsh.Mehra@thomsonreuters.com))