Intra Energy Corporation Limited has acquired an 80 per cent interest in the Maggie Hays Hill lithium project (MHH Project) in the prolific Lake Johnston region of Western Australia.
Intra Energy Corporation Chairman Graeme Robertson stated: “The acquisition of the MHH Project opens the exciting opportunity to IEC for advanced exploration for lithium, gold, and nickel in the well-known Maggie Hays Hill area of southern Western Australia.
“Initial work done by IEC and historical exploration has identified visible outcropping pegmatites with recently discovered spodumene deposits to the south providing potential for lithium.
”As this is a more advanced area than other IEC exploration tenements, the company proposes to launch an accelerated exploration program and intends to apply for the necessary permits to conduct drilling as soon as possible,” said Robertson.
This strategic acquisition from Global Uranium and Enrichment Limited marks a step in IEC’s expansion into the lithium market.
The MHH Project, located 25 kilometres north of the recent Burmeister and Medcalf Spodumene discoveries, is positioned within the same geological sequences.
It is located to other successful lithium ventures, including the spodumene lithium discoveries at Burmeister Hill (TG Metals) and Lake Medcalf (Charger Minerals).
A key feature of the MHH Project is the presence of outcropping pegmatites along a two-kilometre trend, with an additional five kilometres under shallow cover.
This geological setting is highly prospective for lithium exploration.
In 2021, soil geochemistry conducted by GUE revealed a strong lithium in soil anomaly along this central trend, initially explored for gold.
Rio Tinto has entered into a partnership with Charger Minerals in the area, and Charger Minerals has acquired all of Lithium Australia’s interests in their joint venture tenements.