ITech Minerals LTD (AU:ITM) has released an update.
iTech Minerals Ltd is set to acquire the Reynolds Range Project, showcasing significant potential for copper and gold mining amidst a market with soaring demand and prices for these commodities. Historical exploration results reveal high-grade gold and copper prospects, including rock chips with up to 20.3% copper content and drillings yielding 17 meters at 3.93g/t gold. The acquisition aligns with iTech’s strategy to expand its portfolio beyond the Lacroma Graphite Project, leveraging the current downtime to develop new drilling targets in the Northern Territory.
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