Intra Energy Corporation Limited (ASX: IEC), a leading player in the energy sector, is thrilled to announce the next steps in its Yalgarra magmatic Ni-Cu-PGE and Lithium Project, located 70km east of Kalbarri.
1. Drilling target areas have been meticulously identified, with the application for drilling formally submitted to the Department of Mines Industry Regulation and Safety (DMIRS).
2. An essential heritage survey request has been lodged with the Native Title Group.
3. Commencement of fieldwork is slated for mid-October to ascertain the specified drilling targets.
The recent satellite evaluation, as unveiled to the market on 09 October 2023, brought forth a vast number of targets spanning the 400 square kilometers of the project's tenure. These targets underwent rigorous screening against the extant geochemical, geological, and geophysical data, ensuring a meticulous approach to the project.
With the preliminary evaluations complete, the Company has zeroed in on four potential areas, each boasting multiple coincident targets. These selected areas await the outcome of rock chip sample assays and an impending field visit, scheduled to finalize the precise drilling locations. IEC remains optimistic, forecasting the drilling permit (POW) to be sanctioned within the next 4 to 6 weeks.
Furthermore, in recognizing the rich heritage and culture of the region, the Company has approached the Native Title Group for a heritage survey. We are currently awaiting their timeline for this pivotal assessment.
As the Yalgarra Project unfolds, IEC remains committed to keeping its stakeholders informed and engaged. To this end, an in-depth update will be circulated towards the end of October, casting light on the progress and findings of the fieldwork.
IEC Managing Director, Benjamin Dunn, commented:
“I am personally very pleased with the speed at which our geologist, Todd Hibberd, is progressing the Yalgarra Project, identifying a number of quality targets for us to pursue.
Todd has leveraged off the early work of our joint venture partners, Steve & Ed at Century Minerals, and is focusing this round of field work on several areas that we hope to progress to genuine drill targets.
Given the size of our Yalgarra license, there is a real opportunity for multiple targets, and as we have previously announced the Company is doing everything possible to drill test identified Cu-Ni and Li targets by the end of the year. A lot of hard work over a long period of time is now starting to be realized and I know that Todd will leave no stone unturned in finding whatever is there to be found”.
Intra Energy Corporation (ASX:IEC) is an environmentally responsible, diversified mining and energy group with a core focus on battery, base and precious metals exploration to support the global decarbonisation and electrification for the clean energy future.