ITECH MINERALS LTD — Investor Presentation 2021

Oct 27, 2021

ASX RELEASE 28 October 2021

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BOARD & MANAGEMENT

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

CAPITAL STRUCTURE

Ordinary Shares Issued 96.1M

Options Issued 3.0M

CONTACT

Address: Level 3, 63 Pirie Street ADELAIDE SA 5000

Email: info@itechminerals.com.au

ITECH MINERALS EXPLORATION UPDATE

iTech Minerals Ltd (ASX: ITM , iTech or Company ) is pleased to provide an update on its exploration activities since listing on the ASX on 21 October 2021.

The exploration update is attached as a presentation which can also be viewed on the company’s website at: https://www.itechminerals.com.au/investorarticles/presentationoctober2021

Alternatively, watch Managing Director, Michael Schwarz, present the update via the following link: https://www.itechminerals.com.au/investorarticles/presentationoctober2021

For further information please contact the authorising officer Michael Schwarz:

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

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

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www.itechminerals.com.au

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EXPLORATION PROGRESS PRESENTATION 28 OCTOBER 2021

ASX: ITM

RESOURCES FOR THE FUTURE

DEVELOPING BATTERY AND CRITICAL MINERALS

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IMPORTANT NOTICES

Disclaimer

This document has been prepared by iTech Minerals Limited (ACN 648 219 050) and/or its affiliates (together, “iTech” or the “Company”) for the exclusive use of the party to whom iTech delivers this document (the “Recipient”). The information contained in this document has been prepared in good faith by iTech. However, no representation or warranty, either express or implied, is made as to the accuracy, completeness, adequacy, or reliability of the information contained in this document. This document contains only a synopsis of more detailed information in relation to the matters described herein and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information as presented herein. This document should not be regarded by the Recipient as a substitute for the exercise of its own judgment and the Recipient should conduct its own due diligence in respect of the contents of this document. To the maximum extent permitted by law iTech, its directors, officers, employees, advisers, agents and related bodies corporate (“iTech Minerals”) disclaim any or all liability for any loss or damage which may be suffered by any person as a result of the use of, or reliance upon, anything contained within or omitted from this document (regardless of whether the loss or damage arises in connection with any negligence, default, lack of care or misrepresentation by the iTech Minerals or any other cause in connection with the provision of this document or the purported reliance on this document or the information contained in it). To the extent that any provisions in this Important Notices section may be construed as being a contravention of any law of the State or the Commonwealth, such provisions should be read down, severed or both as the case may require and the remaining provisions shall continue to have full force and effect.

This document has been prepared solely for informational purposes. This document does not constitute a prospectus and is not to be construed as a solicitation or an offer to buy or sell any securities, or related financial instruments, in any jurisdiction. The Recipient should not construe the contents of this document as legal, tax, accounting or investment advice or a recommendation. This document does not purport to contain all the information a Recipient would require making an informed decision whether to invest in the Company. Specifically, this document does not purport to contain all the information that investors and their professional advisers would reasonably require to make an informed assessment of the Company’s assets and liabilities, financial position and performance, profits, losses, and prospects. The Recipient must not rely on the information set out in this document and must make its own independent assessment and consult its own legal counsel, tax and financial advisors concerning any matter described herein. This document does not purport to be all-inclusive or to contain all the information that the Recipient may require. No investment, divestment or other financial decisions or actions should be based solely on the information in this document. The distribution of this document may be restricted by law in certain jurisdictions. This document must be treated as strictly confidential and must not be copied, reproduced, distributed, quoted, referred to or distributed to others at any time, in whole or in part, without the prior written consent of iTech.

Cautionary Statement Regarding Forward-Looking Information

The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of subjective judgment and analysis and assumption. iTech does not accept any liability in relation to any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject to change without notice, including because of using different assumptions and criteria. This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified using words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, “target” and “intend” and statements than an event or result “may”, “will”, “should”, “would”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. iTech undertakes no obligation to update these forward-looking statements for events or circumstances that occur after such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income, and performance) are based upon the best judgment of iTech from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the Recipient on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the Recipient’s own risk. iTech Minerals expressly disclaims any and all liability relating or resulting from the use of all or any part of this document or any of the information contained herein.

Date and Currency

This document is dated 28 October 2021 (“Preparation Date”) and is based on the Company’s prospectus dated 16 August 2021 (“Prospectus”) for an offer to acquire fully paid ordinary shares (“Shares”) in the capital of the Company (“Offer”), updated for the results of the Offer. A copy of the Prospectus is available for download at www.itechminerals.com.au or www.asx.com.au. The delivery of this document at any time after the Preparation Date does not imply the information contained in it is correct at any time after the Preparation Date. Delivery of this document does not imply and is not to be relied upon as a representation or warranty that: (i) there has been no change since the Preparation Date in the business, operations, financial condition, prospects, creditworthiness, status, or affairs of the Company or any of the Company’s related bodies corporate or affiliates; or (ii) the information contained in this document remains correct and not misleading at any time after the Preparation Date. The information in this document should be considered dynamic and may change over time. Subject to its obligations at law, iTech has no responsibility or obligation to update this document or inform the recipient of any matter arising or coming to their notice after the Preparation Date which may affect any matter referred to in the document. All dollar values expressed in this document are Australian dollars ($, A$, or AUD).

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EXPLORATION PROGRESS - “HITTING THE GROUND RUNNING”

Resourcing a green and sustainable future

Ethiopia Prospect - Eyre Peninsula	• 35 samples have been submitted for REE analysis from historical drilling • Additional 9 samples submitted for kaolin testwork • Resampling of remaining holes booked in for 9 November
Bendigo Prospect - Franklyn Project Nackara Arc	• New tenement granted (EL 6676), directly adjacent to the Franklyn halloysite-kaolin exploration target of 45-91 Mt @ 30-36% Al2O3 (1) • 25 samples have been taken from historical drill holes and submitted for kaolin testwork and REE analyses • Potential to extend the exploration target to the north once testwork received
Campoona Li-ion Graphite Project - Eyre Peninsula	• Proposal from ANZAPLAN to undertake environmentally friendly (HF-free) fake graphite benefciation and spherulisation for Li-ion battery anodes has been received • Run of mine samples from Campoona have been selected and are being packed for transport to Germany • Proposal for updated scopingstudybeing prepared
Drilling Plans	• Notifcation of entries have been sent out to all landholders at the Ethiopia, Caralue Bluff and Franklyn Halloysite-Kaolinite Prospects in preparation for drilling

(1) The Exploration Target is based solely on historical drilling by the SA government between 1971 and 1992. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource in this area and it is uncertain if further exploration will result in the estimation of a Mineral Resource. (ASX Release, 19-Oct-21, Replacement Prospectus)

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EYRE PENINSULA KAOLIN AND REE PROJECT

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AREA OF INTEREST
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High Purity Kaolin and REE Projects

• Two advanced prospects at Ethiopia and Caralue Bluff

• High purity kaolin identified at Ethiopia with intervals of 4-24m of kaolin at <1% Fe O[(2)] 2 3

• Anomalous Cerium (Ce) values in historical analyses indicates ionadsorption clay REE potential[(2)]

• 35 samples were submitted for additional REE analyses from historical drilling in late September

• Additional 9 samples from additional drill holes submitted for kaolin testwork

• Turn around time of 5-6 weeks indicated from lab

• Resampling of remaining holes booked in for 9 of November including the most anomalous hole which had 30m @ 330 ppm Ce within the weathered profile[(2)]

(2) ASX Release, 21-Oct-21, Rare Earth Potential Identified at Kaolin Project

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BENDIGO KAOLIN PROSPECT

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AREA OF INTEREST
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Focus on defining halloysite-kaolinite and REE resources

• New tenement granted in Franklyn Kaolin Project area

• EL 6676 covers 106 km[2] , most of which occurs directly north of the Franklyn Halloysite-Kaolinite Exploration Target

• Recent mapping and review of historical drilling shows new ground covers outcropping to shallow kaolinised granite, with potential to extend the exploration target to the north

• 25 samples have been taken from historical drill holes and submitted for kaolin testwork and REE analyses in late September, with an expected 5-6 week turnaround

• Results of testwork will guide upcoming drilling program

• Kaolinite and halloysite beneficiation proposal has been received from ANZAPLAN

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CAMPOONA LI-ION GRAPHITE PROJECT

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Campoona Li-Ion Graphite Project

• De-risked opportunity to supply spheroidal graphite and graphene into the growing battery technology market

• JORC 2012 Mineral Resource of 8.55Mt @ 9.0% TGC[(1) ]

• Granted mining lease and 2 multipurpose leases for processing and water infrastructure

• Proposal from ANZAPLAN to undertake environmentally friendly (HF-free) flake graphite beneficiation and spheronisation for Li-ion battery anodes has been received

Run of mine samples from Campoona have been selected and are being packed for transport to Germany

• Proposal for updated scoping study being prepared

(1) ASX Release, 19-Oct-21, Replacement Prospectus

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DRILLING PLANS - KAOLIN AND REE

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Drill planning underway for high purity Kaolin and REE Projects

• Wade Bollenhagen has joined the company as Exploration Manager

• Wade comes across from Archer Materials with over 10 years of indepth knowledge, experience and landowner/stakeholder relationships

• Notifications of Entry have been sent to land owners at the Ethiopia and Caralue Bluff Prospects on the Eyre Peninsula in preparation for drilling

• Prospects are currently being cropped with drilling planned to commence once harvest has finished

• Notifications of Entry have been sent to landowners at the Bendigo and Franklyn Prospects

• Prospects are in station/grazing country with drilling able to commence once all approvals have been received

• Drilling will be undertaken by a local experienced aircore driller with a light vehicle mounted aircore rig

Prospects planned for upcoming drilling

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COMPETENT PERSONS STATEMENT

The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results, Exploration Target or Mineral Resource as cross referenced in this Presentation. The Company confirms that all material assumptions and technical parameters underpinning the Mineral Resource continue to apply and have not materially changed.

Authorised for release by: Michael Schwarz Managing Director

Level 3, 63 Pirie St ADELAIDE SA 5000

Email: info@itechminerals.com.au Website: www.itechminerals.com.au Telephone: +61 2 5850 5000

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APPENDICES

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APPENDIX 1 - Campoona Mineral Resource[(1)]

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Area Resource Category Tonnes (Mt) Graphitic Carbon (%) Contained Graphite (t)
Campoona Shaft Measured 0.32 12.7 40,600
Indicated 0.78 8.2 64,000
Inferred 0.55 8.5 46,800
Central Campoona Indicated 0.22 12.3 27,100
Inferred 0.30 10.3 30,900
Wilclo South Inferred 6.38 8.8 561,400
Combined Total Resource 8.55 9.0 770,800
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(1) ASX Release, 19-Oct-21, Replacement Prospectus

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