Intra Energy Corporation Ltd (ASX:IEC) has completed a second field mapping and sampling campaign at the Yalgarra nickel-copper-platinum group element and lithium project in Western Australia, collecting 55 rock chip samples.
The company expects to receive the results from this field program this month but has already identified additional pegmatites on the tenure, including two coarse-grained pegmatite formations.
Initial rock chip assay results from the first field program have also confirmed the presence of elevated lithium, and IEC has defined several key drilling targets for both copper-nickel and lithium mineralisation.
Drilling imminent
“Todd Hibberd is doing a fantastic job advancing our Yalgarra Project, as we continue to steadily move towards having several high-quality drill targets,” Intra Energy Corporation Benjamin Dunn said.
“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.”
IEC expects to receive the results from this latest set of rock chip assays and LIDAR over its Canadian lithium project by the end of the month.