Graphite. Source: Adobe Images
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

South Australia focused developer iTech Minerals Ltd (ASX:ITM) has exceeded expectations for metallurgical recoveries from its Lacroma Graphite project, producing a 94 percent TGC (total graphite carbon) concentrate, as well as recoveries of around 95% through an industry standard flotation circuit.

In addition, metallurgical work shows the potential for purified spherical graphite (PSG) to be produced, based on the achievement of high purity fine flake graphite from bench scale metallurgical testing work.

The recoveries have the potential to improve even further through optimisation work using the same graphite flotation process, which is both non-chemical and non-thermal.

Managing director Mike Schwartz said he was thrilled with these results, which had confounded iTech’s expectations.

“We targeted an industry-standard 80 percent recovery rate with our first round of metallurgical test work, so exceeding it by such a significant margin so early on in the process using simple flotation techniques is incredibly encouraging,” he said.

“It really highlights the potential the Lacroma Graphite Project has to produce a high quality, low-cost graphite product for the growing battery materials market.”

The properties of graphite from Lacroma – which is part of iTech’s larger Campoona Graphite Project in South Australia – suggest that a low-cost operation is achievable.

The company is now planning to move on to bulk sampling production, as well as purification and spheroidization test work.

iTech has been trading at 7.8 cents.


ITM by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Financials drag bourse lower as China’s growth beats estimates | January 17, 2025

The ASX200 closed down 0.2% at 8,310 points. China’s latest economic data beat estimates.
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 3, 2025

Good afternoon and welcome back to HotCopper highlights for the third week of the year – let’s get into it. 
Rio Tinto building

Rio shares drop 1% on talk of Glencore merger

Rio Tinto has been trading down on reports that the mining titan could be in merger…
Jonathon Davidson is thrilled to be back at work

HotCopper Highlights: Your most watched stocks for Week 2, 2025

Welcome back! It's 2025, and traders are looking for stockpicking opportunities. Here's what HotCopper users are…