Itech Minerals Ltd · ASX:ITM
Itech Minerals — Shareholder Meeting (November 2023)
31 slides from Itech Minerals's shareholder meeting presentation, Nov 27, 2023
Slide 1: For personal use only
For personal use only
Slide 2: Important Notices
IMPORTANT NOTICES Disclaimer This document has been prepared by iTech Minerals Limited (ACN 648 219 050) and/or its affiliates (together, “iTech” or the “Company”) for the exclusive use of the party to whom iTech delivers this document (the “Recipient”). The information contained in this document ha
Slide 3: Key Projects
KEY PROJECTS GRAPHITE PROJECTS RARE EARTHS PROJECTS 100% interest 100% interest For personal use only • 100% interest with ~ 2,100 km² of tenement area • 100% interest with 3,782 km² of tenement area • JORC 2012 graphite resource of 8.55Mt @ 9.0% • Potential to expand resources with ET¹ of 110 - Tot
Slide 4: Achievements in the last months
ACHIEVEMENTS IN THE LAST 12 MONTHS… For personal use only CAMPOONA GRAPHITE PROJECT RARE EARTHS PROJECTS • Completed 1840m RC drilling program at Sugarloaf Graphite • Achieved metallurgical breakthrough with recovery of 86% Prospect TREO and 87% MREO • Extended known graphite mineralisation from 2km
Slide 5: Board and Management
BOARD AND MANAGEMENT Glenn Davis Jarek Kopias Non-executive Chairman Chief Financial Officer and Company Secretary LLB, BEc, FAICD BCom, CPA, AGIA, ACG (CS, CGP) For personal use only Over 30 years experience as a solicitor in corporate and risk throughout Australia initially in a national firm and
Slide 6: Graphite's Role in the Lithium-Ion Battery
GRAPHITE’S ROLE IN THE LITHIUM-ION BATTERY Graphite Anode (-ve) Copper foil is coated in spherical graphite mixed with conductive additive THE FOUR and a binder For personal use only MAIN Separator COMPONENTS The physical barrier between the anode OF THE and cathode which allows the passage of LITHI
Slide 7: Graphite & the Electrification of the Economy
GRAPHITE & THE ELECTRIFICATION OF THE ECONOMY For personal use only Battery Uses • Battery Electric Vehicles – 67% • Consumer Electronics (3C) – 27% • Battery Energy Storage Systems – 5% Consumer Electronics 27% Battery Electric Vehicles 5% Battery Energy Other Uses Storage Systems • Refractory and
Slide 8: Campoona Spherical Graphite Project
CAMPOONA SPHERICAL GRAPHITE PROJECT • 100% owned by iTech Minerals For personal use only • De-risked opportunity to supply spherical graphite into the battery markets • JORC 2012 graphite resource of 8.55Mt @ 9.0% Total Graphitic Carbon (TGC) • Granted mining lease and 2 multipurpose leases for proc
Slide 9: Bulk Sample Metallurgy Results
BULK SAMPLE METALLURGY RESULTS CAMPOONA SPHERICAL GRAPHITE PROJECT • Bulk sample metallurgical tests have achieved high purity fine flake graphite suitable for purified spherical graphite (PSG) For personal use only production • Number of processing steps has been reduced from 11, in laboratory scal
Slide 10: Purification and Spheronisation
PURIFICATION AND SPHERONISATION CAMPOONA SPHERICAL GRAPHITE PROJECT • Both flake and spheronised products have been purified to 99.99% FC with caustic baking and caustic pressure leaching For personal use only • Has significant environmental and safety benefits over HF acid leaching • Excellent unop
Slide 11: Uncoated Purified Spherical Graphite Process Flow Sheet
UNCOATED PURIFIED SPHERICAL GRAPHITE PROCESS FLOW SHEET CAMPOONA SPHERICAL GRAPHITE PROJECT Campoona Flow sheet for Production of Battery Anode Material For personal use only Mine graphite ore from deposit Transport to concentrator Concentrate graphite to >94% Spheronisation Purification of spherica
Slide 12: The Path to Resource Growth
THE PATH TO RESOURCE GROWTH CAMPOONA SPHERICAL GRAPHITE PROJECT Aim to test extent of graphite mineralisation along Target For personal use only a 3.2 km north-south Confirm metallurgy = Lacroma – Good EM conductor. 94% concentrate, Establish inferred metallurgy, 20,000m of drilling Feed back into >
Slide 13: Drilling Results: Lacroma Prospect
DRILLING RESULTS LACROMA PROSPECT For personal use only
Slide 14: Drilling Results: Lacroma Prospect
DRILLING RESULTS LACROMA PROSPECT For personal use only References: ASX: “Lacroma Infill Drilling Increasing Graphite Mineralisation” dated 3 November 2023
Slide 15: Drilling Results: Lacroma Prospect
DRILLING RESULTS LACROMA PROSPECT For personal use only References: ASX: “Lacroma Infill Drilling Increasing Graphite Mineralisation” dated 3 November 2023
Slide 16: Drilling Results: Lacroma Prospect
DRILLING RESULTS LACROMA PROSPECT For personal use only References: ASX: “Lacroma Infill Drilling Increasing Graphite Mineralisation” dated 3 November 2023
Slide 17: Drilling Results: Lacroma Prospect
DRILLING RESULTS LACROMA PROSPECT For personal use only • Resource drilling will continue at Lacroma Central into Q1 2024. • Aim is to drill out the southern 1km that is currently open. • Maiden inferred resource then quickly convert to reserves with infill and geotechnical drilling.
Slide 18: Drilling Results: Sugarloaf Prospect
DRILLING RESULTS SUGARLOAF PROSPECT For personal use only
Slide 19: Drilling Results: Sugarloaf Prospect
DRILLING RESULTS SUGARLOAF PROSPECT For personal use only Historical drilling by Archer Materials (ASX:AXE) 2023 drilling by iTech Minerals (ASX:ITM) References: ASX: “Outstanding Drill Results from Sugarloaf Graphite Prospect” dated 28 April 2023
Slide 20: Drilling Results: Sugarloaf Prospect
DRILLING RESULTS SUGARLOAF PROSPECT Best results from 17 drillholes include: For personal use only o SLRC23-006 – 28m @ 15.0% TGC from 75m and 18m @ 11.2% TGC from 114m, ended in mineralisation o SLRC23-004 – 17m @ 6.4% TGC from 80m o SLRC23-002 – 6m @ 5.3% TGC from 39m and 6m @ 7.8% TGC from 48m an
Slide 21: Drilling Results: Sugarloaf Prospect
DRILLING RESULTS SUGARLOAF PROSPECT • Potential to expand resources with ET of 158 - 264 Mt @ 7 - 12 % TGC at Sugarloaf For personal use only • $1.1M CRC-Project awarded to produce battery anode material from Sugarloaf graphite • Partnering with Future Industries Institute, UniSA and METS Engineerin
Slide 22: New Drill Targets
NEW DRILL TARGETS CAMPOONA GRAPHITE PROJECT Prospect Lacroma Central Lacroma North Balumbah Balumba North Length 2.3 km 5.0 km 3.0 km 1.5 km For personal use only Width 0.5 km 1.0 km 1.0 km 0.8 km AEM Anomaly peak strength 130 130 390 180 (50-100m) Yes, two zones Yes, main zone Graphite in identifie
Slide 23: Eyre Peninsula REE-Kaolin Project
EYRE PENINSULA REE-KAOILIN PROJECT For personal use only
Slide 24: Caralue Bluff Exploration Target
CARALUE BLUFF EXPLORATION TARGET EYRE PENINSULA REE-KAOILIN PROJECT For personal use only Caralue Bluff REE - Kaolin Exploration Target • 110 - 220 Mt @ 635 - 832 ppm TREO and 19-22% Al2O3 • Constrained by 79 drill holes (out of 260) which contain both coincident high REE and high purity kaolin valu
Slide 25: Defining an Exploration Target
DEFINING AN EXPLORATION TARGET CARALUE BLUFF PROSPECT For personal use only Caralue Bluff REE - Kaolin Exploration Target • 110 - 220 Mt @ 635 - 832 ppm TREO and 19-22% Al2O3 • Constrained by 79 drill holes (out of 260) which contain both coincident high REE and high purity kaolin values • Based sol
Slide 26: Breakthrough Metallurgy
BREAKTHROUGH METALLURGY CARALUE BLUFF PROSPECT For personal use only Caralue Bluff REE - Kaolin Exploration Target • Recoveries of up to 86% TREO achieved in leaching trials undertaken by METS Engineering. • Recoveries of up to 88% were achieved for the MREOs (Nd, Pr, Dy, Tb). • Test work indicates
Slide 27: Drilling Results: Caralue Bluff Exploration Target
DRILLING RESULTS CARALUE BLUFF EXPLORATION TARGET For personal use only REE and REE and Kaolin rich Kaolin rich material material Chip tray of sample from drill hole CBAC22-207 Chip tray of sample from drill hole CBAC22-077 which contains 27m @ 3071 ppm TREO from 3m which contains 8m @ 3771 ppm TREO
Slide 28: Conceptual Flowsheet
CONCEPTUAL FLOWSHEET CARALUE BLUFF EXPLORATION TARGET Shallow, open cut mining Convert ore to a slurry Remove sand Remove REEs Dewater high and large and kaolin purity kaolin particles bleaching For personal use only Kaolin-REE ore Kaolin-REE fines Blunger Screen/ Filter Press hydroclones Leaching W
Slide 29: Project Milestones
PROJECT MILESTONES • LACROMA CENTRAL GRAPHITE • Metallurgical test work – H1 2024 • SUGARLOAF METALLURGICAL TESTWORK For personal use only • Maiden resource – H1 2024 • Preliminary results H1 2024 • Geotechnical and infill drilling H1 2024 • Flowsheet optimisation H2 2024 – ongoing • Resource upgrad
Slide 30: Investment Highlights
INVESTMENT HIGHLIGHTS • Highly prospective geology with significant land holding • JORC Graphite Resource of 8.55 Mt @ 9.0% TGC with granted mining lease • Maiden resource at Lacroma Central due H1 2024 For personal use only • Significant exploration targets of • Sugarloaf Graphite – 158-264 Mt @ 7-
Slide 31: Information
INFORMATION For further information please contact the authorising officer Michael Schwarz: iTech Minerals Michael Schwarz, FAusIMM, AIG For personal use only Managing Director E: mschwarz@itechminerals.com.au Ph: +61 2 5850 0000 W: www.itechminerals.com.au GLOSSARY AEM = Airborne Electromagnetic EM