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Finance Investment, Oil Mining Resources

Intra Energy Corporation (ASX: IEC) – Yalgarra Exploration Update

Intra Energy Corporation Limited (ASX: IEC) 2 mins read

Intra Energy Corporation Limited (ASX: IEC), a leading exploration and mining company, is excited to announce the successful completion of its second field mapping and sampling campaign at the Yalgarra magmatic Ni-Cu-PGE and Lithium Project, located 70km east of Kalbarri in Western Australia.

This significant milestone in the Yalgarra Project involved a comprehensive field mapping campaign focusing on the northern block of E70/5464. The campaign targeted the entire width of the northern end of the tenement, including the previously identified pegmatite field in the northeast corner.

During this campaign, the team successfully identified multiple additional pegmatite outcrops, including two notable coarse-grained pegmatites featuring crystals up to 5cm in length. This discovery is particularly exciting as it expands the potential of the Yalgarra Project.

In addition to the pegmatite findings, the central western part of the tenement was thoroughly investigated. This effort resulted in the collection of multiple rock samples from areas showing promise for nickel-copper sulphides, in line with associated geophysical anomalies.

The initial batch of 21 rock chip samples from the northeast corner has delivered promising results, revealing a lithium maximum of 44 ppm (Li2O - 95ppm), along with notable levels of niobium and tantalum. The Nb/Ta ratio of 12:1 aligns the samples with the central zone of rare earth element enrichment, a key target area for lithium mineralisation.

Following these encouraging results, a second batch of 55 rock chip samples has been submitted for analysis, with outcomes expected by late November. These initial assays, combined with the mapping and additional sampling, have been instrumental in refining potential drilling locations, which will be finalised upon receiving the second batch of assay results.

The exploration efforts to date have identified compelling targets and have significantly advanced the Yalgarra Project towards drill testing. The Department of Mines Industry and Safety (DMIRS) has recently approved the program of work, and the Company is in the process of finalising the necessary heritage clearances to commence drilling.

Intra Energy Corporation Limited remains committed to advancing the Yalgarra Project and is eagerly anticipating the assay and LIDAR results, expected by the end of the month, for this promising Canadian lithium project.

IEC Managing Director, Benjamin Dunn, commented: 

“Todd Hibberd is doing a fantastic job advancing our Yalgarra Project, as we continue to steadily move towards having several high-quality drill targets. Our permit of works has been approved and we are engaging with the Traditional Owners to get heritage clearance, and once this has been approved, we look forward to commencing drilling. 

Shareholders can be optimistic about multiple opportunities at Yalgarra, especially the lithium anomalisms which, if proved, could potentially be a new Western Australian lithium province. 

At the same time, we are continuing work on our flagship Llama Lithium Project in Canada, and expect to have updates on rock assays and LIDAR for shareholders in the coming weeks.

We have built a strong foundation over the last year and now look forward to 2024 as a year that could really propel IEC forward.” 


About us:

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. 


Contact details:

Chloe Hayes

chloe@janemorganmanagement.com.au

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