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7.6¢ itech minerals ltd

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Bjalba

185 Posts.

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30/11/23

21:02

Post #: 71205176
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Originally posted by lj73: ↑

If you get a chance to watch the AGM presentation - at around 13:00 Mike talks about the Lacroma drilling and the expectation of 70-90m thick intersects based on the patterns seen in the drilling to date. Also, a lot of the graphite is at less than a depth of 100m. That's important for this resource as it's the level of the water table. So deeper than 100m starts getting more expensive to extract.
I'm confident the team are on top of the challenge and what is required to get to that 40 year, 50,000tpa graphite mine.
It's just not going to be in production tomorrow.
That's just Lacroma, then there's Campoona, Caralue Bluff's REE with Kaolin, Sugarloaf with a CRC grant to resolve the metallurgy issues.
Cheers,
LJ73

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ITM Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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