New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Market cap is less than US$10m (AU$7.88m market cap, or US$5.47m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$1.9m revenue, or US$1.3m). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
iTech Minerals Ltd, Annual General Meeting, Nov 24, 2025 iTech Minerals Ltd, Annual General Meeting, Nov 24, 2025. Announcement • Sep 03
iTech Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million. iTech Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.05 Announcement • Sep 02
iTech Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2 million. iTech Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Common Stocks
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Aug 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 38% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m (AU$103k revenue, or US$67k). Market cap is less than US$10m (AU$12.3m market cap, or US$7.98m). Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
iTech Minerals Ltd Commences Drilling on High Priority Copper - Gold (Cu-Au) Drill Targets iTech Minerals Ltd. announced that it has commenced on high priority Copper - Gold (Cu-Au) drill targets defined at the Scimitar Prospect, Reynolds Range, NT. Multiple vectors point to a potential substantial Cu-Au mineralised system at Scimitar. Regionally significant 5km x 4km multi element lag soil anomaly with elevated Cu, Au, Ag, Pb, Zn, Sb and As. Coincident, high conductivity, MLEM anomaly extending over 1.6km. Outcropping Cu-Ag-Au and Pb-Ag mineralisation in rock chips show fertile mineralising system extends to surface. The prospect is associated with a package of folded turbiditic sediments (Lander Group), surrounded by granitic units to the west and east. Local alteration around the Scimitar prospect includes chlorite, kaolinite, silica, sericite and pervasive iron staining. Malachite, pyrite, arsenopyrite and vein-hosted chalcopyrite closely associated with Au-Cu anomalism. Prodigy Gold NL planned to drill test Scimitar based on several modelled Electromagnetic (EM) anomalies including a 2400 siemens plate incorporating a 480m x 400m area conducive with Cu and base metal anomalism and a weaker 500 siemens plate the south-east with Cu-Ag-Zn-Pb. Two initial drillholes were designed to test the source of these EM and geochemical anomalies with a follow-up DHEM survey to proceed afterwards. A 400m drill hole (SCDD2001), was completed at the smaller 500 Siemen plate. This identified a thin intersection of pyrite, pyrrhotite, sphalerite and galena at ~286m as the likely source of the Ag-Pb-Zn anomalism, however failed to identify the conductive source. The stronger 2600S plate is yet to be tested due to rain constraints in the region at the time. The tracks and drill pads were identified during a recent field visit, and locations marked, with good access remaining available to main drill target. Moving Loop Electromagnetic Anomaly (MLEM) In September 2020, Prodigy Gold NL undertook a ground based MLEM survey over the Scimitar prospect, following up on an airborne TEMPEST EM anomaly, identified in a survey flown back in 2012. Preliminary modelling of the MLEM data by Resource Potentials identified 16 EM conductor plates over approximately 1.6km. Three high conductance plates were recommended to be drilled as high priority targets. RR24-013 - 950 g/t Ag, 5.3% Pb. RR24-012 - 88 g/t Ag and RR24-011 - 51 g/t Ag. Drill Targets.iTech has commenced drilling on the largest of two highest conductors (2600 Siemens and 1200 Siemens) identified from the 2020 MLEM survey. The targets will be tested with two 600m deep diamond drill holes which are oriented to intersect the middle of each conductive plate. Drilling of the second hole, on the smaller 1200 S conductor, is contingent on a successful outcome in identifying mineralisation as the source of conductivity in the first drill hole. Future Work.iTech has executed a contract to commence several induced polarisation (IP) and moving loop electromagnetic (MLEM) surveys over high priority gold-antimony prospects at Reynolds Range. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 25
iTech Minerals Ltd, Annual General Meeting, Nov 25, 2024 iTech Minerals Ltd, Annual General Meeting, Nov 25, 2024. New Risk • Sep 02
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (AU$13.7m market cap, or US$9.25m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). Announcement • Aug 22
iTech Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5325 million. iTech Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5325 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: AUD 0.071
Discount Per Security: AUD 0.00426
Transaction Features: Subsequent Direct Listing New Risk • Jul 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 143% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.6m market cap, or US$6.97m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Revenue has declined by 143% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.17m market cap, or US$6.18m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Ferris was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Revenue has declined by 143% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.3m market cap, or US$6.68m). New Risk • Feb 29
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$4.5m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 51% over the past year. Revenue is less than US$1m (AU$34k revenue, or US$22k). Market cap is less than US$10m (AU$10.3m market cap, or US$6.67m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$4.5m). New Risk • Oct 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$39k revenue, or US$25k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.32m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Sep 28
iTech Minerals Ltd, Annual General Meeting, Nov 27, 2023 iTech Minerals Ltd, Annual General Meeting, Nov 27, 2023. Agenda: To consider re-election of Directors. New Risk • Aug 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$69k revenue, or US$45k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$21.4m market cap, or US$13.8m). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Director Mike Schwarz is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 18
iTech Minerals Ltd Announces Drilling Commences on Eyre Peninsula Graphite Projects iTech Minerals Ltd. has modelled several of the most significant airborne electromagnetic anomalies that have a confirmed source of graphite mineralisation, to determine the best location to add additional graphite resources to iTech's current inventory. As a result of this process, two prospects stood out as having significant potential for both tonnage and grade. An Exploration Target at Sugarloaf of 158-264 Mt @ 7-12 % TGC was determined from drilling and a conductivity anomaly measuring 4.5 km by 1.3 km and was reported to the ASX on 19 September 2022. A drill target at Lacroma determined from drilling and a conductivity anomaly measuring 6 km by 3 km and was reported to the ASX on 4 October 2022. Limited drilling to date at the Lacroma target has prevented determination of an Exploration Target, however, planned drilling will provide the necessary information. iTech announced it has now commenced drilling at the Sugarloaf Graphite Prospect. Once completed, the drill rig will immediately move to Lacroma. iTech has plans to drill over 12,000m on the Eyre Peninsula graphite prospects. Each hole is expected to average 150m in depth. The Company has commenced this next phase of drill testing at Sugarloaf with exploration drilling of up to 2,000m to confirm the extent of graphite mineralisation and obtain further samples for metallurgical test work. Samples from Sugarloaf have undergone metallurgical test work. This test work is preliminary in nature and is not aimed at producing a battery grade spherical product. The purpose of this test work was to determine if the graphite at Sugarloaf had the right properties to be able to produce battery anode material (see ASX release on 16 December 2022, Sugarloaf Graphite Metallurgy update). This work was successful and has confirmed that Sugarloaf consists of a fine crystalline flake graphite. Further test work is now being planned to determine what kind of processing will be required to produce a fine flake concentrate with suitable grade and recoveries. The drill rig will then move to Lacroma and start at Lacroma West where graphite is known to outcrop above the conductivity anomaly. Several test holes will also be drilled into Lacroma East, which is expected to be deeper, to confirm the anomaly is caused by graphite and determine the depth to mineralisation. Most of the drilling will focus on Lacroma with 10,000m planned, where metallurgy has confirmed graphite mineralisation can produce a high-quality concentrate. The combined program is expected to take up to 10 weeks to complete with assay results released regularly as drilling progresses. 
