ITM - iTech Minerals

[System]

iTech Minerals Ltd is a newly incorporated company targeting the acquisition, exploration and development of all the mineral exploration assets currently owned by Archer Minerals Limited (Archer) (ASX:AXE). These assets include industrial (kaolin and halloysite) mineral and battery mineral projects. Archer is disposing of these assets due to a change of its focus from minerals exploration to advanced technology.

The Projects to be acquired by the Company consist of tenements and tenement applications which are held by subsidiaries of Archer. Upon completion of the IPO those subsidiaries will be wholly owned subsidiaries of iTech Minerals Ltd.

The Projects consist of exploration licences, a mining lease, miscellaneous purpose leases and exploration licence applications in South Australia. The Company may also acquire interests in a further 2 exploration licences in New South Wales, subject to the relevant Minister’s consent.

The Company’s Projects can be divided into the following areas:

• The Eyre Peninsula region of the Gawler Craton in South Australia
• The Nackara Arc in South Australia

The New South Wales Projects in which the Company may acquire an interest, subject to the relevant Minister’s consent, are the South Cobar Basin Project and the Stanthorpe Project.

If the relevant Minister’s consent is not granted, and the Company does not acquire an interest in the New South Wales Projects, expenditure allocated to those Projects will be allocated to the Company’s other Projects.

It is anticipated that ITM will list on the ASX during October 2021.

Home | iTech Minerals (ASX: ITM)

iTech Minerals (ASX: ITM) is currently focussed on exploring it’s South Australian rare earth & graphite projects to feed the growing battery materials market

www.itechminerals.com.au

 

[frugal.rock]

Scheduled for listing Monday 25th Oct, I believe.
Eligible Archer (AXE) shareholders should have received their free ITM shares by now.
Small caps blurb.

iTech Minerals’ IPO offers investors exposure to SA battery and critical minerals

iTech Minerals is about to join the growing ranks of explorers building Australia’s battery and critical minerals story.

smallcaps.com.au

 

[Dona Ferentes]

Listing date	21 October 2021 11:00AM AEDT ##
Company contact details	https://www.itechminerals.com.au/ Ph: 02 5850 0000
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	ITM
Capital to be Raised	$7,000,000
Expected offer close date	10 October 2021
Underwriter	Not underwritten. Novus Capital Limited (Lead Manager)

.... but could be delayed

 

[frugal.rock]

.... but could be delayed

Looks like it's sticking to your date of listing @Dona Ferentes , being today.
Buy and sells now there forming an indicative price/ market depth.

In my case, have a small holding already from AXE in specie distribution.

By my calcs, around 50 million shares have gone to AXE holders as distribution.
Quoted shares are about 88.5 million.
That's a lot of free carry going on right there...
Have to wait n see what happens today, I guess. Hope the vacuuming doesn't get in the way...?

 

[Dona Ferentes]

ITM has hit the ASX today ..... opened at 22c and now trading around the 23c level.

Also, and always hopeful, playing the Rare Earths angle at the Eyre Peninsula Kaolin project:
• Test work of historical drilling from the Ethiopia Prospect confirms the potential for thick intervals of high purity kaolin at surface
• Rare earth element indicator Cerium (Ce) is elevated in clay rich intervals, suggesting additional REE potential
• Widespread REE and kaolin enriched host rocks point to broader potential
• Resampling of 41 historical drill holes for REE and kaolin potential is underway, and results are due in late November 2021.

Characteristics of REE IACs (Ion Adsorption Clays) : REEs are found in soils deposited after weathering of granitic and/or REE enriched source rocks
• Occur primarily in China, but now being recognised globally.
• Sometimes called laterite deposits
• REE’s are adsorbed to kaolinite, halloysite and other clay minerals
• Ore is relatively low-grade, generally only 0.05% to 0.5% REO (rare earth element oxides)
• High heavy REE enriched, which are more valuable
• Easily extractable REE can be highly profitable due to low extraction costs
• REE’s leachable from clays with simple ammonium sulphate at room temperature

 

[frugal.rock]

ITM looking like it's found a base.
Current market depth indicates a rise might be in order, not a lot of apparent seller interest, although market depth is not to be trusted!

I have already sold the free shares received from the AXE in- specie distribution. Thanks AXE.
However, I'm back in today for a piece of the action via a small nibble.
(0.275 entry)

 

[TechnoCap]

price target here @75c

Some interesting results pending from recent assays

 

[Dona Ferentes]

price target here @75c

and halfway there, up 25% to 51c

SIGNIFICANT REE PROSPECT DISCOVERED AT CARALUE BLUFF, EYRE PENINSULA

• The second batch of results from recently completed drilling at the Caralue Bluff and IAC REE - Kaolin Prospect confirms significant intervals of REE mineralisation in the clay rich, weathering profile
• Caralue Bluff confirmed as a fourth IAC REE prospect in addition to the Ethiopia, Bartels and Burtons Prosects
• Significant intersections from Caralue Bluff include:
o CBAC22-049 – 23m @ 1,016 ppm TREO from 3m
o CBAC22-050 – 8m @ 768 ppm TREO from 5m
o CBAC22-015 – 10m @ 600 ppm TREO from 3 m
o CBAC22-035 – 30m @ 540 ppm TREO from 1m
• This second batch of results also includes the first samples from the Burtons Prospect and confirm significant REE mineralisation in the weathering profile
• Significant intersections from Burtons include:
o BUAC22-021 – 5m @ 1,552 ppm TREO from 10m
o BUAC22-019 – 5m @ 1,221 ppm TREO from 9m
o BUAC22-023 – 27m @ 968 ppm TREO from 0 m
o BUAC22-002 – 6m @ 1,101 ppm TREO from 13m

 

[TechnoCap]

and halfway there, up 25% to 51c

SIGNIFICANT REE PROSPECT DISCOVERED AT CARALUE BLUFF, EYRE PENINSULA

• The second batch of results from recently completed drilling at the Caralue Bluff and IAC REE - Kaolin Prospect confirms significant intervals of REE mineralisation in the clay rich, weathering profile
• Caralue Bluff confirmed as a fourth IAC REE prospect in addition to the Ethiopia, Bartels and Burtons Prosects
• Significant intersections from Caralue Bluff include:
o CBAC22-049 – 23m @ 1,016 ppm TREO from 3m
o CBAC22-050 – 8m @ 768 ppm TREO from 5m
o CBAC22-015 – 10m @ 600 ppm TREO from 3 m
o CBAC22-035 – 30m @ 540 ppm TREO from 1m
• This second batch of results also includes the first samples from the Burtons Prospect and confirm significant REE mineralisation in the weathering profile
• Significant intersections from Burtons include:
o BUAC22-021 – 5m @ 1,552 ppm TREO from 10m
o BUAC22-019 – 5m @ 1,221 ppm TREO from 9m
o BUAC22-023 – 27m @ 968 ppm TREO from 0 m
o BUAC22-002 – 6m @ 1,101 ppm TREO from 13m

And more positive assays to come therefore the target could in fact be short term.
ITM is intriguing to say the least.

 

[Dona Ferentes]

And more positive assays to come therefore the target could in fact be short term.
ITM is intriguing to say the least.

As they say, Rare Earths aren't that rare. However, finding the one that is the winner may take some investigation.

 

[TechnoCap]

As they say, Rare Earths aren't that rare. However, finding the one that is the winner may take some investigation.

ITM are certainly onto something substantial IMO and the market is opening its eyes to what could be a 10x on list price ??

 

[TechnoCap]

and halfway there, up 25% to 51c

SIGNIFICANT REE PROSPECT DISCOVERED AT CARALUE BLUFF, EYRE PENINSULA

• The second batch of results from recently completed drilling at the Caralue Bluff and IAC REE - Kaolin Prospect confirms significant intervals of REE mineralisation in the clay rich, weathering profile
• Caralue Bluff confirmed as a fourth IAC REE prospect in addition to the Ethiopia, Bartels and Burtons Prosects
• Significant intersections from Caralue Bluff include:
o CBAC22-049 – 23m @ 1,016 ppm TREO from 3m
o CBAC22-050 – 8m @ 768 ppm TREO from 5m
o CBAC22-015 – 10m @ 600 ppm TREO from 3 m
o CBAC22-035 – 30m @ 540 ppm TREO from 1m
• This second batch of results also includes the first samples from the Burtons Prospect and confirm significant REE mineralisation in the weathering profile
• Significant intersections from Burtons include:
o BUAC22-021 – 5m @ 1,552 ppm TREO from 10m
o BUAC22-019 – 5m @ 1,221 ppm TREO from 9m
o BUAC22-023 – 27m @ 968 ppm TREO from 0 m
o BUAC22-002 – 6m @ 1,101 ppm TREO from 13m

Nice little pump today ?

 

[Dona Ferentes]

And now, it seems to be a graphite play, micro-crystalline and suitable for anodes, at that. So the latest announcement infers.

ABOUT iTECH MINERALS LTD
iTech Minerals Ltd is a newly listed mineral exploration company exploring for and developing battery materials and critical minerals within its 100% owned Australian projects.

The company is exploring for graphite, kaolinite-halloysite, regolith hosted rare earth element mineralisation and developing the Campoona Graphite Deposit in South Australia. The company also has extensive exploration tenure prospective for Cu-Au porphyry mineralisation, IOCG mineralisation and gold mineralisation in South Australia and tin, Tungsten, and polymetallic Cobar style mineralisation in New South Wales.

... (DNH) (hard to keep track of which watchlist it goes under )

 

[Dona Ferentes]

And now, it seems to be a graphite play, micro-crystalline and suitable for anodes, at that. So the latest announcement infers.

ABOUT iTECH MINERALS LTD
iTech Minerals Ltd is a newly listed mineral exploration company exploring for and developing battery materials and critical minerals within its 100% owned Australian projects.

..and now it seems to be a lithium play.

iTECH PARTNERS WITH SQM TO DEVELOP REYNOLDS RANGE LITHIUM PROJECT​

iTech Minerals Ltd is pleased to announce that one of the world's largest lithium chemicals producers, Sociedad Química y Minera de Chile through its subsidiary SQM Australia (Pty) Ltd, part of the SQM international lithium division, has entered a binding Memorandum of Understanding to partner with the Company in developing the Reynolds Range Lithium Project in the Northern Territory.

HIGHLIGHTS
• The Agreement brings both the technical and financial resources of one of the world’s largest lithium chemicals producers to a new lithium pegmatite discovery in the Northern Territory.
• Subject to a short due diligence period, SQM can earn into the lithium mineral rights on the Reynolds Range Lithium Project (iTech retains 100% of the rights to all other minerals including copper and gold).
o SQM can earn an immediate 30% interest in the lithium rights by paying an initial fee of A$2 million upon completion of due diligence.
o SQM has the option to earn up to 51% in the lithium rights by spending A$7 million on exploration, within 4.5 years of the commencement date, with a minimum spend of A$2 million within the first 1.5 years.
o SQM has the option to earn up to 70% in the lithium rights by paying an additional A$3 million to iTech and defining a JORC (2012) compliant Mineral Resource Estimate exceeding 50Mt @ 1.0% Li2O or equivalent or spending an additional A$15 million on exploration.
o Payment of a one-off success fee will be payable by SQM upon completion of a definitive feasibility study and a decision to mine. The fee will be calculated based on the lithium oxide content in the resource.
• SQM will operate the project during the earn-in period.
• iTech and SQM will create a technical committee to oversee the development of the Reynolds Range Lithium Project. The committee will have equal representation of members from SQM and iTech.

.
jumped a bit but then a few stale holders doffed their caps.