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iTech Minerals Ltd (ASX:ITM)

ALERT: Price-sensitive ASX Announcement for ITM
Current share price for ITM : $0.037 -0.022 (-37.29%)+
Announcement
Release
21 Oct 2025 8:31AM
Price at Release
$0.059
Full Release
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Summary
iTech Minerals Ltd has received all necessary approvals for its upcoming gold-antimony drilling program at the Reynolds Range in the Northern Territory. The program involves the preparation for the drill rig's arrival, with earthworks already initiated. Twelve drill holes are planned across Sabre, Falchion, and Lander prospects, each featuring high-grade antimony and gold mineralization extending up to 300 meters. The drilling is projected to last about three weeks, with results expected by late November or early December 2025. The project area covers a significant portion of the Aileron Province and is part of a joint venture with SQM International Pty Ltd, which may earn up to 70% of the lithium mineral rights, while iTech retains rights to other commodities. The company is eager to assess the subsurface potential and mineralization grade beneath these prospects.
Key Points
  • iTech received drilling approvals for gold-antimony program at Reynolds Range.
  • Earthworks commenced for drill rig arrival; twelve drill holes planned.
  • Drilling to explore high-grade antimony and gold in Sabre, Falchion, and Lander prospects.
  • Program to test mineralization across a 2.6km corridor within a 6km by 2km soil anomaly.
  • Results expected by late November/early December 2025.
  • Reynolds Range project part of joint venture with SQM International Pty Ltd concerning lithium rights.
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.