SYDNEY, Australia - 9 April 2024 – Intra Energy Corporation Limited (ASX: IEC), an ASX listed diversified mining and energy group with a core focus on battery, base and precious metals, is positioned to capitalise on the surging demand for lithium.
Earlier this month the Company announced the discovery of additional lithium anomalies through new assay results from the southern part of the soil sampling program at the Maggie Hays Hill (“MHH”) project, situated in the Lake Johnston Greenstone Belt in Western Australia.
The recent soil sampling program has unearthed two new large-scale, high-priority lithium anomalies. The first anomaly, the MHH Lithium anomaly, spans approximately 2,500 meters by 300 meters and is strongly correlated with outcropping fertile late-stage pegmatites mainly within mafic amphibolites. The second anomaly, known as the Lake Hope anomaly, covers an approximate area of 1,300 meters by 300 meters and is associated with the internal boundary between low-lying intrusive granites.
These anomalies are highly significant as they are closely associated with elevated tantalum and caesium, pathfinder elements commonly found in lithium enrichment zones in pegmatites. Pegmatite rock chip samples from the MMH lithium anomaly location have shown very high levels of tantalum, further indicating the prospectivity of the area.
Ben Dunn, Managing Director of IEC, expressed his enthusiasm, stating,“We are very pleased with the results of the final part of the soil program at Maggie Hays, which has delineated two new compelling lithium targets that are also highly anomalous in caesium and tantalum, key pathfinder elements used to identify pegmatites in the spodumene enrichment zone. The new large-scale lithium targets extend over strike lengths of 2,500 metres and 1,300 metres respectively. IEC has now identified multiple lithium targets and has scheduled a drilling program for the June quarter”
Moreover, Intra Energy Corporation's lithium project is strategically positioned adjacent to the processing infrastructure of Mineral Resources Limited (ASX: MIN), less than 15 kilometers from IEC’s identified anomalies. Mineral Resources Limited has recently announced plans to establish a lithium processing hub in the region, further emphasising the significance of IEC's findings.
The Maggie Hays Hill project, adjacent to the Norseman-Hyden Road, is also situated near existing nickel mines and camps. The geology of the project area consists of NNW trending extensively faulted mafic and ultramafic rocks bounded by younger granitic rocks, making it prospective for lithium, nickel, and gold exploration.
IEC's exploration efforts have identified multiple lithium targets, and with the upcoming RC drilling program, the Company aims to advance its understanding of the lithium potential within the region.
As the demand for lithium continues to escalate, driven by the rapid expansion of electric vehicles (EVs) and renewable energy technologies, Intra Energy Corporation Limited realises the immense opportunities presented by this market. With a strategic focus on lithium-centric operations, the company is well-positioned to meet the growing demand for this essential battery metal.
About us:
About IEC
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.
IEC is currently focused on the development of three highly prospective and underexplored projects:
• Maggie Hays Hill Lithium Project – located in Western Australia near Esperance is an 80% owned joint venture cover 49 km2 targeting lithium as spodumene, tantalum, niobium and Archean lode gold mineralisation.
• Llama Lithium Project – in the prolific James Bay Region of Québec, Canada, comprising 123 mineral claims for 63km2 , with reported outcropping pegmatites.
• Yalgarra Project - located in Western Australia near Kalbarri is a 70% owned joint venture targeting the exploration of magmatic nickel-copper-cobalt-PGE mineralisation.
The Company combines many years of experience in developing major projects, along with a highly skilled board and a demonstrated track record of success.
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Jane Morgan