Intra Energy (ASX:IEC) is scheduled to begin on-ground exploration activities immediately at its Yalgarra Magmatic Nickel-Copper-Platinum Group Elements (Ni-Cu-PGE) Project in Western Australia.
This comes after a project review in which the company confirmed 2 areas with elevated lithium — more than 40 parts per million (ppm) — associated with coincident low-level caesium, tantalum, niobium, beryllium, and tin anomalism.
The $11.34 million market capitalisation company says the anomalies occur within and adjacent to the mafic-ultramafic rocks in the northern block of E70/5464 in 2 locations adjacent to a radiometrically potassium-rich granitoid.
Intra believes that the soil anomalism is evidence of a local fertile granitoid and that the combination of coincident lithium-caesium-tantalum (LCT) pegmatite pathfinder elements indicates that there is potential for a proximal ‘goldilocks’ lithium enrichment zone.
Satellite imagery identified multiple outcropping white dykes/veins immediately north of the anomalous geochemical samples. This area will be the focus of the fieldwork starting next week.
Commenting on exploration activities, Intra Energy Managing Director Benjamin Dunn says: “The company is pleased to recommence exploration on the Yalgarra Nickel-Copper-PGE Project, with the focus of this campaign on what the company believes is quite exciting lithium anomalism.
“… the future is exciting for IEC shareholders“
We believe this complements the work we are doing in Canada on the Llama Lithium project and believe the future is exciting for IEC shareholders.”
Further, Intra Energy Principal Geologist Todd Hibberd says: “A detailed review of the soil geochemistry has identified two areas where lithium is elevated with coincident low-level anomalous lithium pathfinder elements.
Several outcropping white dykes/veins north of the geochemical samples are visible on satellite imagery and are an immediate target for follow-up sampling and mapping with the objective of defining targets for drilling in late 2023.”
Intra Energy Corporation is an ASX-listed diversified mining and energy group. The company’s core focus is on battery, base, and precious metals exploration to support global decarbonisation and electrification for the clean energy future.
As of 30 June 2023, the company had $1.299 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Intra Energy Corporation
