iTech Minerals Lacroma Drill Campaign in Review & Company Update: On Track to Bottom Quartile Costs

Time Stamps below.

Companion Article and Written Summary:

Managing Director of iTech Michael Schwarz joins me today to provide an update on iTech's Lacroma Project. The project hit a rough spot a few months back with some questionable drill results as graphite sentiment bottomed out. However, as Mike demonstrates, iTech has found success enough to overcome those weaker results, and that their initial plans and goals remain on target. After a brief recap of iTech so far, Mike uses a 3D leapfrog model to walk us through his Lacroma drill results and points us to the fact that they will likely hit their 40Mt goal from this drill campaign. Mike then takes us further, walking us through their confidence in becoming a lowest-quartile cost producer, as well as the potential for future discoveries, ending with a discussion on how iTech plans to become a producer itself and the costs associated to get its own modular plant. I believe strongly that graphite is in the pendulum downswing overreaction any good contrarian investor needs. Graphite's needs in a green future are inescapable. Project's like iTech's Lacroma - cheap, strong jurisdiction, and low-carbon output - are exactly what the industry needs.

Time Stamps:

00:06 Intro to Interview

2:00 Brief Recap of Drill Campaign

06:00 What did iTech Accomplish Last Year?

9:20 Sugarloaf

10:30 Going Over Lacroma Drill Results

14:00 3D Leapfrog Drill Results Presentation

17:25 Cutoff grade, Met work, and General economics

24:20 Sugarloaf Discussion and Update on Met Work

28:30 Lacroma North - Meterage, Met Work, etc.

33:00 Upcoming Catalysts

36:00 Pilot Plant Production

46:00 Non-China Graphite Premiums

47:00 New Land Acquisition

51:00 Concluding Thoughts

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