Reynolds Range Drilling Underway: What Could This Mean for iTech’s Growth?
iTech Minerals has secured all approvals and commenced earthworks for a focused gold-antimony drilling campaign at its Reynolds Range project in the Northern Territory, targeting high-grade mineralisation across three key prospects.
- All drilling approvals received for Reynolds Range gold-antimony program
- Earthworks underway ahead of drill rig arrival later this month
- Twelve drill holes planned across Sabre, Falchion, and Lander prospects
- High-grade antimony and gold mineralisation outcropping over 300m at each prospect
- Drilling results expected by late November or early December 2025
Drilling Approvals and Preparations
iTech Minerals Ltd (ASX – ITM) has reached a significant milestone with all necessary regulatory approvals now secured for its upcoming drilling program at the Reynolds Range project in Australia's Northern Territory. The company has already commenced earthworks, including drill pad preparation and track clearing, in anticipation of the drill rig's arrival later this month. This marks the transition from exploration planning to active fieldwork, a critical step in advancing the project.
Targeting High-Grade Gold and Antimony
The drilling campaign will focus on twelve holes spread across three promising prospects – Sabre, Falchion, and Lander. Each of these sites features outcropping mineralisation with high-grade gold and antimony extending up to 300 metres. These targets lie within a broader 2.6-kilometre mineralised corridor, itself part of a larger 6 by 2-kilometre soil anomaly, suggesting substantial potential for resource expansion.
Strategic Importance of Reynolds Range
Reynolds Range is a strategically important asset for iTech, covering nearly 800 square kilometres within the Aileron Province. The project area is notable not only for gold and antimony but also for lithium, copper, and other critical minerals. While iTech retains full rights to gold and antimony, a joint venture partner, SQM International, holds an option to earn up to 70% of lithium rights, highlighting the multi-commodity potential of the region.
Looking Ahead to Drilling Results
The drilling program is expected to take approximately three weeks, with samples submitted for assay progressively as each prospect is completed. Investors and analysts can anticipate initial assay results by late November or early December, which will provide the first concrete data on the subsurface extent and grade of the mineralisation. These results will be crucial in determining the next phase of exploration or development at Reynolds Range.
Broader Exploration Context
iTech Minerals is actively exploring a suite of critical minerals across its Australian projects, including graphite deposits in South Australia and polymetallic targets in New South Wales. The Reynolds Range project fits into this broader strategy of developing battery materials and critical mineral resources, positioning the company well within the evolving energy transition landscape.
Bottom Line?
As drilling gets underway, all eyes will be on the assay results that could redefine Reynolds Range’s resource potential.
Questions in the middle?
- Will the upcoming assays confirm the high-grade mineralisation suggested by surface samples?
- How might the joint venture with SQM International influence future development strategies at Reynolds Range?
- What are the potential timelines and capital requirements if drilling results justify resource expansion?
