BUZZ-Australia's Itech Minerals drops to two-week low on discounted placement** Shares of Itech Minerals ITM.AX fall as much as 21.9% to A$0.05, their lowest level since August 19
** The mineral explorer set for its worst day since July 17, 2024, if losses hold
** Co to raise A$2 million ($1.30 million) to explore gold and antimony at Reynolds Range project in Northern Territory
** Says placement at issue price of A$0.05, a discount of 21.9% to stock's last close
** Co to raise an additional A$1 million via share purchase plan
** About 2.1 million shares traded, 1.1x the 30-day average
** YTD stock flat, including current session's move
($1 = 1.5389 Australian dollars)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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