iTech Minerals (ASX: ITM) is pleased to announce that drilling has commenced at the Balumbah Graphite Prospect on the Eyre Peninsula in South Australia.
HIGHLIGHTS
- iTech is pleased to advise that drilling has commenced at the Balumbah Graphite Prospect on the Eyre Peninsula, South Australia
- The Balumbah graphite target is approximately 3km long and has an electromagnetic signature over 3 times as strong as Lacroma Central.
- Up to six drill holes and 1,000m of drilling planned to test the 3km long target and is expected to be completed in 10-14 days
- Production of bulk concentrate for offtake partner enquiries is nearing completion
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We are excited to be back in the field and taking the next step in our long-term plan to develop the Eyre Peninsula Graphite Project with the latest round of drilling at the Balumbah Prospect. Our strategy includes testing new targets to show potential offtake partners that iTech can, if necessary, scale up and add further graphite resources with good geology and good metallurgy to our already significant Global Resource at the Project.
– Managing Director Mike Schwarz
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RECENT NEWS FROM THE EYRE PENINSULA GRAPHITE PROJECT
Ask iTech: The Long-Term Graphite Strategy Explained
March 17, 2025
Drilling Commences At Balumbah Graphite Prospect, Eyre Peninsula
February 23, 2025
What To Expect in 2025
February 9, 2025