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
US and VNZ flag

Week 2 CY26, wrapped: Geopolitics here to stay & there’s money in gold detectors

What does it say about the larger world when the United States government effectively kidnaps the President of Venezuela, and, while bodacious, it’s
The Market Online Video

HotCopper Highlights for Week 2 of 2026: 4D Medical, Pilbara Minerals, SILEX & more

Greetings and welcome to HotCopper Highlights for the end of Week 2 of 2026, I’m Jon Davidson.
A HotCopper-branded graphic image which reads "The HotList Top 10: This week's most watchlisted ASX stocks" in front of an ASX chart image faded in the background.

HotList stocks: Manuka, 4DX, Adalta, and other trending companies in Week 2

Manuka Resources topped the HotCopper HotList through Week 2, though health tech developers Adalta and 4DX…
Metal detector

They say you should sell shovels in a gold rush. Codan’s got a smarter idea

Codan has notched gains just south of +20% on Friday, coming out of the blue as…