Australia's Itech Minerals rises on positive diagnostic metallurgy results

Itech Minerals

09/03/2022 02:05

** Shares of mineral explorer Itech Minerals  ITM.AX  rise
as much as 10.8% to A$0.410, marking their biggest intraday pct
gain since Feb. 18
    ** Co says https://www.asx.com.au/asxpdf/20220309/pdf/456v41cl567c9r.pdf
 diagnostic test work samples from the Eyre Peninsula Kaolin-REE
project in South Australia showed encouraging levels of
ionically adsorbed rare earth elements
    ** Says samples confirm that there is an ionic component to
the REE (rare-earth elements) mineralisation
    ** The new data will help define co's exploration strategy
going forward - ITM
    ** Stock up ~68.2% since its IPO in late October 2021

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))