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iTech Minerals Ltd (ASX:ITM)

ALERT: Price-sensitive ASX Announcement for ITM
Current share price for ITM : $0.036 -0.004 (-10%)+
Announcement
Release
24 Apr 2026 8:28AM
Price at Release
$0.040
Full Release
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Summary
iTech Minerals Ltd reported its quarterly activities and cash flow for the period ended 31 March 2026, detailing significant exploration expenditures primarily focused on the Reynolds Range project and graphite metallurgical studies at the Sugarloaf Project. The company concluded the quarter with $4.61 million in cash reserves. Advancement in flotation technologies at Sugarloaf achieved concentrate grades of up to 92% TGC. The Reynolds Range Project, encompassing four exploration licences, continues under a joint venture, focusing on lithium rights. Upcoming drilling programs are planned for the Sabre and Falchion Gold-Antimony Prospects following previously positive results. The Sugarloaf Project is being developed for battery-grade graphite production. The company maintains 9.4 quarters of funding based on current financial activities, with related party payments amounting to $98,000. No changes in tenement ownership were recorded.
Key Points
  • iTech Minerals Ltd's exploration and cash flow activities for the quarter ended 31 March 2026.
  • Significant expenditures on exploration, particularly at Reynolds Range project and graphite metallurgical studies.
  • The company has $4.61 million cash at bank at the end of March 2026 quarter.
  • Exploration of Sugarloaf Graphite Project, with advancements in flotation technologies achieving up to 92% TGC.
  • Reynolds Range Project includes four exploration licences in the Northern Territory, with a joint venture for lithium rights.
  • Drilling programs planned for Sabre and Falchion Gold-Antimony Prospects with significant prior results.
  • Sugarloaf Graphite Project aims to develop battery-grade graphite products.
  • Estimated 9.4 quarters of funding available based on current cash flow and expenses.
  • Payments to related parties totaled $98,000 for the quarter.
  • No changes in tenement ownership during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.