iTech in the Media: Junior Resource Investing Podcast (March 2024)

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