IEC Acquires Promising Lithium Project in Western Australia

In a strategic move, Intra Energy Corporation Limited (ASX: IEC) has acquired an 80% stake in the Maggie Hays Hill lithium project in Western Australia's Lake Johnston region from Global Uranium and Enrichment Limited (ASX: GUE). Situated 25 kilometers north of recent spodumene discoveries at Burmeister Hill and Lake Medcalf, the project boasts outcropping pegmatites along a 2-kilometer trend.

The lithium-rich area is also near Charger Minerals' recent tenements, where Rio Tinto has entered into a farming agreement. IEC plans an accelerated exploration program for lithium, gold, and nickel, capitalizing on the advanced nature of the region. The project, adjacent to the Emily Anne nickel mines, is accessible and prospective for lithium, nickel, and gold. Notably, lithium spodumene targets have been identified along a 2-kilometer trend, indicating significant potential for exploration and development.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com