Lacroma Graphite Resource Drilling Results

WATCH: iTech Minerals’ (ASX: ITM) Managing Director Mike Schwarz discuss the ongoing resource drill out at the Lacroma Central Prospect as well as the recent drill tests at the Lacroma West Prospect. (5min)
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HIGHLIGHTS

Drill plan of Lacroma Central resource drilling area with latest significant assay results

Significant graphite results from the latest drill assays at Central Lacroma include:

o LARC23-093
20m @ 7.9% TGC from 58m
incl 11m @ 9.0% TGC from 63m

o LARC23-100
18m @ 7.1% TGC from 99m
incl 5m @ 8.6% TGC from 71m

o LARC23-097
21m @ 6.6% TGC from 22m
incl 6m @ 12.0% TGC from 36m

o LARC23-091
9m @ 7.0% TGC from 109m
incl 4m @ 9.6% TGC from 109m

o LARC23-085
5m @ 5.8% TGC from 55m
incl 2m @ 8.5% TGC from 56m
and 2m @ 12.5% TGC from 65m

o LARC23-076
18m @ 5.8% TGC from 47m
incl 4m @ 8.4% TGC from 50m
and 4m @ 5.2% TGC from 86m

• Drill holes extend mineralisation 500m north of the first positive drill results at Lacroma (ASX Release “Impressive Graphite Intervals in First Lacroma Drilling” on 29 May 2023).

• Mineralisation appears to be offset to the east from the main airborne electromagnetic (EM) anomaly in the northern traverses, resulting in thinner mineralised intervals being intersected in the current traverses.

• iTech plans to extend the traverses to the east where the mineralisation is predicted to increase in thickness and grade.

• Mineralisation also appears to increase in grade and thickness to the south which will be the focus of drilling for the remainder of the year.

• Approximately 61 resource drill holes have been completed to date.

• Drilling is continuing at 100m spaced east-west sections to the south once infill and extension drilling is completed.

The latest results from the Lacroma Graphite Prospect have demonstrated that strong graphite mineralisation continues 500m north of the first traverse drilled at Lacroma Central. The drilling program continues to deliver significant results with over 60 holes of the resource drilling program completed to date.

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