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The latest update is out from ITech Minerals LTD ( (AU:ITM) ).
ITech Minerals has secured all approvals for the next drilling phase at its Reynolds Range Gold-Antimony Project in the Northern Territory, where earthworks and drill pad preparation are underway ahead of reverse circulation drilling expected to start in mid to late May. The campaign will comprise about 56 RC holes over 7,000 metres at the Sabre and Falchion prospects, using tight 25-metre spacing to better define the three-dimensional geometry of high-grade gold-antimony shoots following strong results from last year’s 12-hole program.
At the Sugarloaf Graphite Project, research test work using advanced flotation technologies has delivered concentrate grades of up to 92% total graphitic carbon, the highest recorded so far for the deposit. With gangue minerals dominated by quartz and clays and a large conceptual exploration target already outlined, ongoing optimisation of flotation and purification aims to advance Sugarloaf toward potential battery-grade graphite products, reinforcing ITech’s exposure to energy-transition commodities.
More about ITech Minerals LTD
ITech Minerals Ltd is an Australian exploration company focused on gold, antimony and graphite projects, with key assets including the Reynolds Range Gold-Antimony Project in the Northern Territory and the Sugarloaf Graphite Project in South Australia. Through its subsidiary iTech Energy Pty Ltd, the company also participates in a lithium joint venture while retaining full rights to other commodities, positioning it in critical minerals linked to battery and technology markets.
Average Trading Volume: 457,541
Technical Sentiment Signal: Sell
Current Market Cap: A$8.12M
Find detailed analytics on ITM stock on TipRanks’ Stock Analysis page.