ITM 2.82% 7.3¢ itech minerals ltd

Ann: 99.99% Spherical and Flake Graphite Produced from Campoona, page-21

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  1. 486 Posts.
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    Understand this is a different type of graphite, but this would potentially put us in the similar resource size to Renascor (RNU), with potential upside from Lacroma.

    It does sort of bring in to question, why would European car/battery makers not make their batteries or anodes at least in Australia, rather than:

    - us shipping the raw materials there
    - then us shipping renewable hydrogen there to power the processing, 15% round trip efficiency, extremely inefficient

    Why wouldn’t we mine here (graphite, silicon, copper all in close proximity), then process here using our renewable energy directly, then ship the final product?

    I know it’s a very unaustralian approach but given the energy challenges in Europe right now it would hugely more cost effective and maybe we can negotiate Electric Vehicle supply in the process.
 
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