ITECH MINERALS LTD — Capital/Financing Update 2025

Nov 25, 2025

ASX RELEASE

18

26 November 2025

BOARD & MANAGEMENT

Glenn Davis - Chair Michael Schwarz - MD Gary Ferris - NED Jarek Kopias - Co Sec

CAPITAL STRUCTURE

Ordinary Shares Issued 238.9M

Options Issued 2.8M

Performance rights Issued 10.1M

CONTACT

DRILLING SUCCESSFULLY COMPLETED AT REYNOLDS RANGE GOLD-ANTIMONY PROSPECTS

HIGHLIGHTS

• Drilling has been successfully completed, at the gold-antimony focussed drilling program, at Reynolds Range, in the Northern Territory

• iTech completed twelve (12) drill holes for a total of 1,228m, across the Sabre, Falchion, Lander and Pine Hill Prospects

• Sabre, Falchion and Lander have outcropping high grade antimony and gold mineralisation extending for up to 300m

• Pine Hill has rock chips of up to 55g/t gold along a 1.5km long chargeability anomaly defined by recent GAIP surveys

• All drill holes were completed to the required depth and are believed to have successfully intersected the drill targets

• Samples have been delivered to the laboratory, in Adelaide, and are expected to be available in the new year

Address: 1/54 Maple Avenue FORESTVILLE SA 5035

Email: info@itechminerals.com.au Website: www.itechminerals.com.au Telephone: +61 2 5850 0000

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Figure 1. Drill rig at the Falchion Prospect, Reynolds Range

“iTech is excited to have completed a successful drilling campaign at the Reynolds Range Gold-Antimony Project. The program drill tested beneath high grade, outcropping antimony and gold mineralisation at the Sabre, Falchion and Lander Prospects and beneath high grade gold rock chips at the Pine Hill Gold Prospect. The Company is eagerly anticipating the results of drill assays which are expected in coming weeks”

• Managing Director Mike Schwarz –

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Reynolds Range Project Background

The Reynolds Range project consists of four granted Exploration Licences (EL23655, EL23888, EL28083 and EL33881), 100% owned by iTech Energy Pty, Ltd, a wholly owned subsidiary of iTech Minerals Ltd. The project covers a total of 791km[2] of the Aileron Province, part of the Paleoproterozoic North Australian Craton and is subject to a joint venture with SQM International Pty Ltd who have the option to earn up to 70% of the lithium mineral rights on the project area. iTech retains the right to 100% of all other commodities. The Project is located 90-230km NNW of Alice Springs with access available from the Stuart Highway and then the un-sealed Mt Denison road. The project area is part of the >42km long Stafford Gold Trend with 50 kilometres of strike coincident with the Trans-Tanami regional structure.

Drilling completed at the Reynolds Range Gold-Antimony Prospects

iTech has completed drilling at its gold-antimony prospects at Reynolds Range, Northern Territory. Drilling commenced at the Sabre Gold-Antimony Prospect with four reverse circulation (RC) drill holes completed at this prospect. An additional four drill holes were drilled at the nearby at the Falchion Prospect, just 1.5km to the north-west, and an additional two holes were completed at the Lander Prospect, a further 600m to the north-west. Sabre, Falchion, and Lander, each have surface exposures of high-grade antimony and gold mineralisation extending up to 300m.

The final two holes of the program were drilled at the Pine Hill Gold prospect where rock chips of up to 55g/t gold have been taken over a >1.5km long chargeability and resistivity anomaly defined by recent geophysical surveying by iTech.

Samples have been delivered to the laboratory in Adelaide and submitted for assay. Drill results are expected to be received in early January.

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Figure 2. Reynolds Range antimony soil survey (Rock chip data from, ASX: ITM 22 August 2025)

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For further information please contact the authorising officer Michael Schwarz:

iTech Minerals

Michael Schwarz, FAusIMM, AIG Managing Director E: mschwarz@itechminerals.com.au Ph: +61 2 5850 0000 W: www.itechminerals.com.au

ABOUT iTECH MINERALS LTD

iTech Minerals Ltd ( ASX: ITM , iTech or Company ) is an ASX listed mineral exploration company exploring for and developing battery materials and critical minerals within its 100% owned Australian projects. The Company is exploring for graphite, and developing the Lacroma and Campoona Graphite Deposits in South Australia and gold-antimony and lithium in the Reynolds Range Project in the NT. The Company also has extensive exploration tenure prospective for Cu-Au porphyry mineralisation, IOCG mineralisation and gold mineralisation in South Australia.

iTech confirms that the Company is not aware of any new information or data that materially affects the information included in the announcement: “High Grade Copper-Gold at Reynolds Range Project” on 6 September 2024, “Detailed Soils Define Antimony and Gold Potential” on 15 October 2025, “New Geophysics Targets – Reynolds Range Antimony-Gold Project” on 22 August 2025, “High Grade Antimony Identified at Reynolds Range” on 19 August 2025, “182 g/t Au in Rock Chips from Reynolds Range” on 5 July 2024, “Up to 22% Antimony at Reynolds Range Prospects” on 3 September 2024 and “Expanded Gold and Antimony Prospectivity at Reynolds Range” on 29 May 2025. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcements.