Australia's iTech Minerals jumps most in 4 months on lithium project deal
** Shares of iTech Minerals ITM.AX rise as much as 21.2% to A$0.080, their biggest intraday gain since July 23
** Mineral explorer enters into a memorandum of understanding with SQM Australia (SQM) to develop the Reynolds Range Lithium Project in Northern Territory
** Under the agreement SQM can acquire up to 70% interest in the lithium rights of the Project by paying fees, while iTech retains rights to other minerals
** Stock hits its highest level since Sept. 3
** Over 3 mln shares change hands, 12.6x the 30-day avg
** Stock down 32.2% YTD, including current session's moves, as of 0027 GMT
Reporting by Kumar Tanishk in Bengaluru
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