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BREAKTHROUGH MINERALS LIMITED — Capital/Financing Update 2021
Jun 10, 2021
64579_rns_2021-06-10_546d8c93-469f-47df-8ac7-c9c1a22a6be2.pdf
Capital/Financing Update
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ASX Release
11 June 2021
Application lodged for high-grade copper concession in NSW
Intra Energy Corporation Limited (ASX:IEC) is pleased to announce that its wholly-owned subsidiary company, Intra Eastern Land Pty Ltd has applied for a prospective high-grade copper concession, the Talowla Project (EL7169) near the town of Louth in north western New South Wales.
The Talowla Project lies to the north of Cobar, a major mineralized mining hub hosting operating and developing gold and copper mines such as Endeavour, CSA, Triton, Peak Gold and Mt Boppy. It sits on the Lachlan Fold Belt for copper and gold, considered a prime exploration and development target by geologists. Previous shallow drilling has identified active mineralized zones and established high ranking ‘walk-up’ drill targets, which according to previous work “are the highest priority targets recommended for drill testing within EL7169”. There are solid indications that the area around Louth could host similar mineralization to that of its neighbour, Cobar.
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According to Mr Benjamin Dunn, Managing Director of IEC, “this is the first of our Australian Projects with other highly prospective areas under survey as we focus on Australian outcomes with the aim to develop
and operate significant value mineral production. It also marks our ongoing move over the last few years from fossil fuels into the metal energy market related to electrification and industrialization.”
IEC Chairman, Graeme Robertson remarked that the company focus on Australian mining while still maintaining the development of its Mozambique gold property and transitioning from its coal mining activities in Eastern Africa will establish opportunities for growth, in gold production but particularly in metals such as copper and nickel which will have an increasingly meaningful exposure in a renewable energy world.
ENDS
This announcement has been authorised for release by the Board of Directors
Shareholder Enquiries Benjamin Dunn Managing Director Intra Energy Corporation Limited www.intraenergycorp.com.au Registered Office: Level 40, 2 Park Street, Sydney NSW 2000 Postal Address: PO Box 1930, North Sydney NSW 2059
About Intra Energy
Intra Energy is an environmentally responsible, diversified mining and energy group, focused on South Eastern Africa, and is listed on the Australian Stock Exchange (ASX:IEC). IEC has made significant progress with its regional diversification strategy into gold exploration in Mozambique.