Skip to content
Finance Investment, Oil Mining Resources

Intra Energy Corporation Limited (ASX: IEC) – Exceptional Rock Assays, Elevating Lithium Prospectivity at Maggie Hays Hill Project

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

PERTH, AUSTRALIA – April 15, 2024 – Intra Energy Corporation Limited (ASX: IEC), a leading environmentally responsible mining and energy group, is pleased to announce the receipt of compelling lithium, tantalum, niobium, caesium, and tin assays from rock chip sampling conducted at the Maggie Hays Hill (“MHH”) project.

The latest round of sampling, completed over the most prospective section of outcropping pegmatites, has yielded results that significantly enhance the project's lithium prospectivity. Noteworthy findings include:

  • Averaged lithium (Li2O) assays of 503 ppm, underscoring the presence of lithium-rich pegmatites.

  • Encouraging caesium and tantalum values, with average assays of 139 ppm and 107 ppm respectively, indicating the potential for multiple mineralization targets.

  • Strong correlations with spodumene mineralisation, reinforcing the project's attractiveness for lithium exploration.

  • These results validate IEC's exploration strategy and underscore the company's commitment to unlocking significant value for shareholders in the burgeoning lithium market.

Mr. Benjamin Dunn, Managing Director of Intra Energy Corporation, commented, “We are very pleased that these results have confirmed, not only compelling lithium targets, but also anomalous levels of the key pathfinder elements used to identify lithium targets. The caesium results are eye opening and could be another opportunity for exploration success. We are looking forward to testing these targets as soon as possible, and believe they have every chance of delivering significant shareholder joy. Coupled with the recent announcement by MinRes, that they are building a lithium processing hub on the adjacent property, we are possibly the best value lithium explorer on the ASX”.

The next phase of exploration at the MHH project will include a first-pass RC drilling program slated for the June quarter, subject to timely heritage and regulatory approvals. This drilling campaign aims to validate and expand upon the highly prospective targets identified through rock chip sampling, with a focus on delineating spodumene-rich zones and unlocking the project's full value potential.

Furthermore, the adjacency of the MHH project to Mineral Resources Limited's (ASX: MRL) recently acquired lithium processing hub presents a strategic advantage for IEC. Leveraging this proximity, IEC aims to streamline project development and maximize shareholder returns by capitalizing on the region's burgeoning lithium processing infrastructure.


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


More from this category

  • Oil Mining Resources
  • 22/05/2024
  • 22:07
Robex Resources Inc.

Robex Resources Inc. Announces Maiden 303koz Indicated Mineral Resources at the Mansounia Deposit

QUEBEC CITY, May 22, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is pleased to announce a Mineral Resource Estimate update prepared by Micon International Co Limited (“Micon”) for the Mansounia Central and Mansounia South deposits (collectively, the “Mansounia Deposit”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), (the “Mansounia 2024 MRE Update”).Highlights of the Mansounia 2024 MRE Update include:The total contained gold for the Mansounia Indicated Mineral Resources is reported as 303koz following the conversion of 35% of Inferred Mineral Resources to Indicated Mineral Resources compared to…

  • Industrial Relations, Oil Mining Resources
  • 22/05/2024
  • 13:58
Mining and Energy Union

BHP suffers another defeat as OS Agreement rejected again

The Fair Work Commission has rejected another application by BHP for approval of an Enterprise Agreement to cover its production workforce. The Mining and Energy Union said the FWC decision, which found that the proposed Enterprise Agreement was not valid because it had not been explained properly to workers, was the latest in a string of legal defeats for BHP’s in-house labour hire operation. MEU Queensland President Mitch Hughes said the decision delivered late Tuesday was a further indication that BHP’s approach in setting up a subsidiary to provide itself with a cheaper workforce was flawed. “This decision further exposes…

  • Finance Investment, Oil Mining Resources
  • 22/05/2024
  • 10:21
Rincon Resources Limited (ASX: RCR)

Rincon Resources Limited (ASX: RCR) – Over-Subscribed A$5.6m Raising to Expand West Arunta Exploration

Perth, Western Australia - ASX listed minerals explorer, Rincon Resources Limited (ASX: RCR) ("Rincon" or "the Company") is pleased to announce the successful completion of an over-subscribed capital raising of A$5.6 million. The funds were raised through the placement of 56,000,000 fully paid ordinary shares at a price of $0.10 per share. This capital injection will primarily fund the expansion of exploration activities at the Company’s promising West Arunta Project in Western Australia. The placement attracted significant interest from institutional, professional, and sophisticated investors, along with continued support from existing shareholders. The shares were issued at the 10-day Volume Weighted…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.