ITech Minerals LTD ( (AU:ITM) ) has provided an update.
iTech Minerals Ltd has commenced drilling at the Balumbah Graphite Prospect on the Eyre Peninsula, South Australia. This site, characterized by a strong electromagnetic signature, is set to undergo extensive drilling to test its graphite potential. In conjunction with this, iTech is reviewing its graphite prospects across its expansive tenures to expand its resource base, leveraging advanced airborne electromagnetic surveys to identify promising sites. This strategic move aims to enhance iTech’s resource inventory and appeal to potential offtake partners, indicating a proactive approach to scaling its operations and strengthening its market position.
More about ITech Minerals LTD
iTech Minerals Ltd is a company in the mining industry, focusing on graphite exploration and production. It holds a 100% interest in graphite rights across extensive exploration licenses on the Eyre Peninsula, South Australia, and is working towards developing a graphite project that includes a central processing facility.
YTD Price Performance: -18.33%
Average Trading Volume: 187,637
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of ITM stock, go to TipRanks’ Stock Analysis page.