Intra Energy Corporation Limited (ASX: $IEC) Quarterly Activities Report December 2023

Intra Energy Corporation Limited (ASX: $IEC) has released its Quarterly Activities Report for the period ending 31 December 2023. The report highlights the acquisition of an 80% interest in the Maggie Hays Hill lithium project in the Lake Johnston region of Western Australia. Additionally, the company's exploration activities at the Llama Lithium Project in Canada and the Yalgarra Project in Western Australia have identified multiple large-scale pegmatite dykes and nickel and lithium targets, respectively.

Executive Commentary

The Company is pleased to announce the acquisition of the Maggie Hays Hill lithium project, which is strategically located in the emerging Lake Johnston lithium province of Western Australia. This acquisition aligns with our commitment to expanding our presence in the lithium sector and underscores our confidence in the potential of the region. Furthermore, the exploration activities at the Llama Lithium Project in Canada and the Yalgarra Project in Western Australia have yielded promising results, positioning us well for future growth and development.

Summary

Intra Energy Corporation Limited (ASX: $IEC) has reported the acquisition of an 80% interest in the Maggie Hays Hill lithium project, marking a significant development in the company's expansion into the lithium sector. The project, located in the Lake Johnston region of Western Australia, is highly prospective for lithium and gold, with mapped pegmatites and historical gold workings. The company's exploration activities in Canada and Western Australia have identified multiple lithium targets and nickel-copper prospects, demonstrating a strong focus on diversification and growth. With plans to commence immediate exploration at the Maggie Hays Hill lithium project and further drilling activities in the coming year, Intra Energy is poised for an active and promising period ahead.