Highlights

• iTech Minerals said its 2026 reverse circulation drilling in the Northern Territory has extended high-grade gold-antimony mineralisation, with.

• iTech Minerals Ltd released its quarterly report for the quarter ended 30 September 2026 on 29 October 2026.

• The company's intercepts are downhole lengths from reverse circulation drilling, and the report does not give true widths.

• Lithium rights are subject to a joint venture with SQM, which can earn up to a 70 per.

iTech Minerals (ASX:ITM) — said its 2026 reverse circulation drilling in the Northern Territory has extended high-grade gold-antimony mineralisation, with diamond drilling now delayed to early next year.

iTech Minerals Ltd released its quarterly report for the quarter ended 30 September 2026 on 29 October 2026. Its main focus is gold and antimony at the Reynolds Range project in the Northern Territory. The company said drilling after quarter end extended Sabre Shoot 1 from about 100m to about 270m below surface, with the zone remaining open at depth.

Drilling at Reynolds Range

The 2026 reverse circulation program totals 34 holes for 4,610m. Stage 2 covered 19 holes for 3,002m and was drilled between 29 July and 25 August 2026. The best intercept to date is 36m at 5.60 grams per tonne gold and 1.2 per cent antimony from 81m in hole SBRC26-001, which includes 8m at 13.41 grams per tonne gold.

Post-quarter results include 25m at 4.88 grams per tonne gold and 0.85 per cent antimony from 242m in hole SBRC26-017, which underpins the deeper extension of Shoot 1. A second zone, Shoot 2, was identified about 120m south of Shoot 1, with 29m at 2.36 grams per tonne gold from 81m in hole SBRC26-008. The company said Shoot 2 is also open at depth.

The Falchion zone

Falchion is a second high-grade zone about 1.6km west of Sabre. It includes a new antimony zone, with 8m at 0.95 per cent antimony in hole FLRC26-009. After the quarter, the eastern antimony zone was reported to extend over about 70m of strike, and the deepest Falchion gold intercepts to date were returned, including 6m at 2.14 grams per tonne gold and 1.04 per cent antimony from 117m in hole FLRC26-014.

Cash and funding

Cash at bank was A$2.985m at 30 September 2026, down from A$4.016m at the previous quarter end. Exploration spend was A$905k covering drilling, geophysics, analysis, travel, labour and tenement costs. Net operating outflow was A$193k and investing outflow was A$815k, which includes A$121k of R&D tax incentive received. Lease payments were A$23k and payments to related parties, being director fees, were A$100.5k. The company raised no equity in the quarter, has no debt and has no unused financing facilities.

The Appendix 5B funding estimate is 2.7 quarters at the current rate of spending, so funding is a key item to watch.

Reading the results

The company's intercepts are downhole lengths from reverse circulation drilling, and the report does not give true widths. Shoot 1 now spans a vertical range of roughly 170m from the earlier limit, and the company said it is still open below the deepest intercept. The grades quoted are for individual intercepts rather than averages across the zones, and the report does not estimate tonnes or contained metal for Sabre or Falchion.

Other interests

Lithium rights are subject to a joint venture with SQM, which can earn up to a 70 per cent interest.

Risks and next steps

The company has delayed planned diamond drilling at Sabre to test Shoot 1 at depth until early in the new year, citing the early onset of the wet season and limited rig availability. Sabre's controlling shear has not been drilled below about 120m between the shoots, and some interpretive zones extend beyond the drilling and are not confirmed. The results are exploration drilling results, not a mineral resource, and the company has not reported a resource estimate for either zone.

The next steps listed by the company are diamond drilling at Sabre, follow-up drilling at Falchion to the east and at depth, additional detailed soil sampling and a drone magnetic survey, and continuing metallurgical test work for gold and antimony recovery. With the diamond program pushed into the new year, the near-term news flow may be limited to the survey work and metallurgical results, and the company's forward-looking statements carry the usual uncertainty. The company said it does not commit to updating them.