iTech Minerals (ASX: ITM) managing director Michael Schwarz joins Small Caps to discuss the company's recent success in developing a significant graphite play on South Australia's Eyre Peninsula.

iTech has achieved a significant 300% resource upgrade at its Eyre Peninsula graphite project.

The upgraded Eyre Peninsula graphite project mineral resource estimate now stands at 35.2 million tonnes at 6.0% total graphitic carbon.

Meanwhile, iTech has obtained exceptional recoveries of around 93% using an industry standard flotation circuit on a bulk concentrate sample of 3.4kg graphite from its Lacroma graphite project.

The next step will be assessing the bulk sample with spheroidization and purification test work aimed at producing a purified spherical graphite product that meets industry standards for battery anode material in lithium-ion batteries.

iTech is now processing to the next phase of developing this project aimed at helping the world meet the graphite shortages that many analysts are predicting over the next decade.

According to Whatech, the global graphite market reached $35.6 billion in 2023 and is expected to reach $58 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

Articles:
https://smallcaps.com.au/itech-minerals-high-purity-graphite-concentrate-production-lacroma/
https://smallcaps.com.au/itech-minerals-resource-upgrade-eyre-peninsula-graphite/

For more information on iTech Minerals:
https://smallcaps.com.au/stocks/asx-itm/

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