Thsnk you for that info- much appreciated. ITM is my small cap...

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Wado87

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20/10/22

13:22

Post #: 64299619
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Originally posted by mileraFC: ↑

Obviously DYOR but to summarise on what's happening from my read of the announcements:

- on the REE/Kaolin project at Caralue Blue a range of met tests continuing which you would expect to see a number of iterations of results between now an the end of the year. It sounds like there is potentially quite a good Kaolin resource the question is can they also extract REE's in the same operation. There is good grade REE's and likely material resource just to be established if they can separate economically.

- they are looking to do more drilling to formalise a resource target at Caralue which i believe they are looking to start before the end of the year.

- they are doing a detailed feasibility on the advanced graphite project at Campoona, which is already permitted. This is following positive met results from ANZAPLAN suggesting the graphite is appropriate for battery anodes. I think this is expected to be done by the end of the year. I think they are also looking at doing bulk samples of processed graphite, which will be done by ANZAPLAN that can be provided to battery makers for testing. Not sure exactly on the timing of this.

- They have sent samples of Sugarloaf graphite to ANZAPLAN for met testing to see if it's battery anode friendly, which should be announced towards the end of the year or early in the new year

- Sugarloaf is a huge potential resource 100-200mt, that is microcystalline graphite. They are looking to start drilling before the end of the year to formailse a resource target. Archer has done some drilling here historically which forms the basis of the very large exploration target.

- Also the Lacroma graphite target, they are looking to start drilling before the end of the year. Archer/Monax had done a small amount of drilling here historically which had some significant crystalline graphite intercepts. They had this met tested and similar results to Campoona which looks anode friendly. There is a significant electro magnetic anomaly that suggests a potentially big resource, but will obviously have to wait for the drill results.

So yeah lots happening and anyone please correct me if I have misinterpreted anything or there is anything else relevant to add. Management generally pretty good at keeping you updated on the developments. Will be interested in your perspective when you get an opportunity to have a closer look.

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Thsnk you for that info- much appreciated. ITM is my small cap pick. Seems to be a fair amount happening. Will do some further deep diving this weekend.

ITM Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $5.125M

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3.0¢	3.1¢	3.0¢	$5.074K	168.3K

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1	150000	3.1¢

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Price($)	Vol.	No.
3.2¢	72756	2

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No.	Vol.	Price($)
1	330000	0.030
3	590000	0.029
5	832130	0.028
2	160615	0.027
8	950702	0.026

Price($)	Vol.	No.
0.032	103318	3
0.034	280000	1
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Thsnk you for that info- much appreciated. ITM is my small cap...

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Thsnk you for that info- much appreciated. ITM is my small cap...

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