CAMPOONA SPHERICAL GRAPHITE PROJECT ACHIEVES >94% GRAPHITE CONCENTRATE FOR PSG FEEDSTOCK

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“These results confirm the potential for Campoona to produce a high-quality graphite concentrate suitable for the high growth lithium- ion battery sector. On-going test work will aim to establish an environmentally friendly spherical graphite production process which can be used to add significant value to the Campoona graphite concentrate.”

HIGHLIGHTS

  • Metallurgical tests have achieved high purity fine flake graphite suitable for purified spherical graphite (PSG) production

    • Average purity of greater than 94% total graphitic carbon (TGC) with estimated recoveries of ~84%

    • >98% of graphite concentrates are less than 150 μm (small flake size) which is used for PSG production

  • Results were achieved through conventional graphite flotation process (non-chemical, non-thermal) with potential for improvement from on-going test work

  • Campoona’s metallurgical properties compare favourably to early test work at Renascor’s Siviour Deposit just 40km to the south

  • Bulk sample production (50 kg) for PSG test work is now underway

  • Planning progressing for resource expansion drilling at the Lacroma Graphite Prospect north of Campoona

QEMSCAN image of flake graphite

DETAILS:

iTech Minerals (ASX: ITM) has achieved a significant milestone at the Campoona Spherical Graphite Project with the production of a >94% TGC concentrate and recoveries of ~84% using an industry standard flotation circuit.

iTech continues to build its portfolio of critical minerals projects with the production of a high-quality graphite concentrate from a bulk sample (600 kg) of run-of-mine (ROM) graphite ore, delivered to ANZAPLAN in Germany. ANZAPLAN has completed the first stage of metallurgical test work to produce purified spherical graphite for use in the anodes of Lithium-Ion (Li-ion) batteries using a low- cost, eco-friendly processing route with a smaller environmental footprint. This collaboration is building on test work completed by Archer Materials between 2015-2019, where Archer successfully produced battery-grade graphite using a traditional hydrofluoric-acid process.

The Campoona Graphite Project contains a JORC 2012 graphite Mineral Resource of 8.55 Mt @ 9.0% Total Graphitic Carbon (TGC), a granted mining lease and approved multipurpose licences for processing infrastructure and groundwater extraction. iTech is currently investigating the best pathway to produce “green graphite”, including the use of abundant renewable energy available in South Australia.

Metallurgical Results

The current metallurgical test program for Campoona has reached a significant milestone with the production of a high-quality >94% flake graphite concentrate, from Campoona, with an estimated recovery of ~84%. This result gives iTech the confidence to pursue a graphite concentrate, for use as a PSG feedstock, with a cost-effective and conventional flow sheet design that doesn’t rely on chemical or thermal purification.

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