ITech Minerals Ltd - SUCCESSFUL PLACEMENT TO RAISE $2 MILLION AND PROPOSED SPP

About this update from Itech Minerals Ltd

iTech Minerals Ltd (iTech or Company) (ASX: ITM) is pleased to announce that it has received firm commitments for A$2.0 million via a placement (Placement) of 40 million new fully paid ordinary shares (New Shares). The Placement received strong support from new institutional and sophisticated investors and existing shareholders. The A$2 million Placement and $1 million share purchase plan to existing eligible shareholders (together, the Equity Raising) provide funding for iTech's upcoming exploration programs. Funds raised from the Equity Raising will be principally used for: Drilling at antimony-gold prospects at Sabre and Falchion as well as drilling at Pine Hill Gold prospect & Reward Gold-Copper prospectReynolds Range; Detailed magnetic surveys and soil sampling over the antimony-gold areas to define new drill targets and Working capital. 'This placement and subsequent SPP will fund iTech's current exploration plans for its Reynolds Range Antimony-Gold Project in the Northern Territory . The Reynolds Range Project is producing some exciting high grade, antimony and gold targets, within a large-scale mineralised system, defined by a 6km by 2.5km antimony soil anomaly. The Company plans to drill test beneath high grade antimony and gold Share Purchase Plan nd that held iTech shares as at 7:00pm (AEST) on Monday, 1 September 2025 , will be invited to participate in the SPP at the same issue price as the Placement ( A$0.05 per share). The SPP will provide eligible shareholders the opportunity to increase their holding by up to A$30,000 without incurring any brokerage or transaction costs. The SPP is targeted to raise up to A$1.0 million and is not underwritten. iTech may increase or decrease the size of the SPP and/or scale back applications under the SPP at its discretion. Any scale-back will be applied to the extent and in the manner, iTech sees fit, which may include taking into account a number of factors such as the size of an applicant's shareholding at the record date for the SPP, the extent to which the applicant has sold or purchased shares since the record date, whether the applicant may have multiple registered holdings, the date on which the application was made, and the total applications received from eligible shareholders. Further information regarding the SPP (including terms and conditions of the SPP) will be provided to eligible shareholders in the SPP offer booklet, which will be made available to eligible shareholders shortly. Eligible shareholders wishing to participate in the SPP will need to apply in accordance with the instructions in the SPP offer booklet. Participation in the SPP is optional. The SPP is being offered under Listing Rule 7.2 exception 5 as it meets the conditions of this exception. Any participation by directors in the SPP will fall under Listing Rule 10.12 exception 4. Contact: Michael Schwarz iTech Minerals Tel: +61 2 5850 0000 W (C) 2025 Electronic News Publishing, source ENP Newswire

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