iTech Minerals Extends High-Grade Gold-Antimony Zones at Reynolds Range

Falchion Drilling Confirms Multiple High-Grade Gold Zones

iTech Minerals (ASX:ITM) has reported compelling assay results from nine reverse circulation drill holes at its Falchion Prospect within the 100%-owned Reynolds Range Project in the Northern Territory. The standout intercepts include 9 metres at 2.51 grams per tonne (g/t) gold from 33 metres and 6 metres at 3.31 g/t gold from 79 metres, confirming a second significant zone of gold-antimony mineralisation approximately 1.6 kilometres west of the previously reported Sabre Prospect.

These results extend the shallow, high-grade mineralisation first identified in 2025 and demonstrate a robust spatial association between gold and antimony, with antimony intercepts reaching 8 metres at 0.95% Sb. The mineralisation remains open both along strike and at depth, underscoring the project's exploration upside.

Expanding Understanding of Mineralisation Style and Geometry

The mineralisation style at Falchion and Sabre is characterised by steeply-dipping, structurally controlled zones where gold is intimately linked with antimony (stibnite) and sulphides within metasedimentary sequences. This epizonal orogenic gold-antimony system bears geological similarities to prominent Victorian deposits such as Sunday Creek, Fosterville, and Costerfield, known for their sheeted quartz-stibnite vein arrays and folded turbidite host rocks.

iTech’s latest drilling has improved the understanding of Falchion’s mineralised system geometry, with multiple gold and antimony zones intersected in several holes. For example, FLRC26-002 returned 7 metres at 1.86 g/t gold with 0.43% antimony, while FLRC26-001 intersected 7 metres at 0.41% antimony alongside significant gold grades. The company also identified a new high-grade antimony zone 180 metres northwest of previous drilling, interpreted as a high-level expression of the gold-antimony system, with plans for deeper drilling to test for gold-rich zones at depth.

Ongoing Drilling and Exploration Activities

Follow-up drilling is currently focused on the Sabre Prospect, targeting deeper down-dip and strike extensions that remain open. Since late July, iTech has completed an additional ten reverse circulation holes at Sabre, with assay results pending. Once this phase concludes, the drill rig will return to Falchion to test extensions of the newly confirmed mineralisation.

Complementing drilling efforts, iTech plans detailed soil sampling along structural extensions at both prospects and is commissioning a high-resolution drone magnetic survey to refine target definitions. Metallurgical test work is underway to determine gold and antimony recoveries and explore the potential for reporting gold equivalent grades, a critical step towards assessing project economics.

Strategic Positioning and Joint Venture Framework

The Reynolds Range Project spans 791 square kilometres in the Aileron Province, approximately 90 to 230 kilometres north-northwest of Alice Springs. While iTech retains 100% rights to gold, antimony, and other commodities, a joint venture with SQM International Pty Ltd allows SQM to earn up to 70% of the lithium mineral rights within the project area. This arrangement positions iTech to leverage multiple commodity opportunities from the same landholding.

With the project’s mineralisation open in multiple directions and the recent drilling confirming thick, high-grade zones, iTech Minerals is advancing Reynolds Range as a multi-commodity exploration hub. The company’s Managing Director, Michael Schwarz, emphasised the significance of the results, noting the potential for multiple deposits and the ongoing drilling campaign aimed at expanding the known mineralised footprint.