Further, the current resource has just under 800k TGC, 8.55mt @...

Further, the current resource has just under 800k TGC, 8.55mt @ 9% TGC which is quality high grade. I think their other tenements had some quality hits of slightly lower grade but better thickness, there's a plethora of info out there to justify a quality resource expansion program.

The Sugarloaf Prospect was originally explored by Archer Materials (ASX: AXE or Archer) between 2011 and 2016 and consists of a large occurrence of microcrystalline graphite. Due to the former prevailing view that graphite deposits needed to have a large flake size to be economic, Archer decided to focus on other prospects. With a change in demand to fine flake sizes for spherical graphite production, iTech believes that Sugarloaf has the potential to significantly expand the Company’s resources of fine flake graphite if metallurgical test work confirms that it can be readily concentrated to battery grade levels.

The Lacroma Prospect corresponds to a prominent Electro-Magnetic (EM) signature that has a potential strike extent of over 12 kilometres (see Figure 3). Initial drilling at Lacroma recorded very wide intercepts of graphite (60m @ 6.8% TGC). Lacroma graphite, like the graphite at Campoona Shaft and Central Campoona, is high crystalline fine flake graphite. Metallurgical test work undertaken by Archer Materials (ASX: AXE or Archer) in 2015 showed that a 98.6% TGC concentrate using the same conventional flotation and leaching conditions as for the Campoona Deposits. This suggests that the same processing circuit planned by iTech could also use graphite ore from Lacroma.

AXE's CEO at the time said that Lacroma and Sugarloaf had the chance to add to the flexibility of the projects to either increase the life of the mine or increase annual production.