Anuncio • May 04
Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5.15 million. Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,411,765
Price\Range: AUD 0.17
Discount Per Security: AUD 0.0102
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 882,353
Price\Range: AUD 0.17
Discount Per Security: AUD 0.0102
Transaction Features: Subsequent Direct Listing Anuncio • Mar 26
Breakthrough Minerals Limited (ASX:BTM) completed the acquisition of Dingo Minerals Pty Ltd. Breakthrough Minerals Limited (ASX:BTM) entered into a conditional binding agreement to acquire Dingo Minerals Pty Ltd for AUD 15 million on October 31, 2025. A cash consideration of AUD 5 million will be paid by Breakthrough Minerals Limited. The consideration consists of 41.5 million common equity of Breakthrough Minerals Limited to be issued for common equity and 15 million rights of Breakthrough Minerals Limited to be issued for common equity of Dingo Minerals Pty Ltd. Breakthrough Minerals Limited will pay an earnout payment of AUD 3 million cash. As part of consideration, AUD 8 million is paid towards common equity of Dingo Minerals Pty Ltd. The transaction is subject to approval of offer by acquirer shareholders. It is expected that completion will occur in late February or early March 2026. As per the announcement dated March 3, 2026 It is expected that completion will occur in early March 2026. The deal has been funded by AUD 9.65 million of equity investment.
Breakthrough Minerals Limited (ASX:BTM) completed the acquisition of Dingo Minerals Pty Ltd on March 26, 2026. All conditions have been satisfied including approval of shareholders of Breakthrough Minerals Limited, obtaining financing and regulatory approval. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (157% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$27.1m market cap, or US$19.0m). Anuncio • Nov 06
Breakthrough Minerals Limited (ASX:BTM) entered into a conditional binding agreement to acquire Dingo Minerals Pty Ltd for AUD 15 million. Breakthrough Minerals Limited (ASX:BTM) entered into a conditional binding agreement to acquire Dingo Minerals Pty Ltd for AUD 15 million on November 6, 2025. A cash consideration of AUD 5 million will be paid by Breakthrough Minerals Limited. The consideration consists of 41.5 million common equity of Breakthrough Minerals Limited to be issued for common equity and 15 million rights of Breakthrough Minerals Limited to be issued for common equity of Dingo Minerals Pty Ltd. Breakthrough Minerals Limited will pay an earnout payment of AUD 3 million cash. As part of consideration, AUD 8 million is paid towards common equity of Dingo Minerals Pty Ltd. The transaction is subject to approval of offer by acquirer shareholders. It is expected that completion will occur in late February or early March 2026. Anuncio • Oct 30
Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 8.15 million. Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 8.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,333,333
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Anuncio • Sep 27
Breakthrough Minerals Limited, Annual General Meeting, Nov 27, 2025 Breakthrough Minerals Limited, Annual General Meeting, Nov 27, 2025. Anuncio • Jun 10
Breakthrough Minerals Limited (ASX:BTM) completed the acquisition of Errolls Gold Project from Kyarra Minerals Pty Ltd. Breakthrough Minerals Limited (ASX:BTM) agreed to acquire Errolls Gold Project from Kyarra Minerals Pty Ltd. for AUD 0.5625 million on March 31, 2025. A cash consideration of AUD 0.15 million will be paid by Breakthrough Minerals Limited. The consideration consists of 3.5 million common equity of Breakthrough Minerals Limited to be issued for assets of Errolls Gold Project. Breakthrough Minerals Limited will pay 2 million Performance rights exercisable into 2 million shares subject to the vesting conditions. As part of consideration, AUD 0.15 million is paid towards assets of Errolls Gold Project.
The transaction is subject to approval of offer by acquirer shareholders. E57/996 is subject to forfeiture application 726596 commenced by the Department on 6 February 2025 for non-compliance with expenditure conditions. The expected completion of the transaction is June 1, 2025 to June 10, 2025.
Breakthrough Minerals Limited (ASX:BTM) completed the acquisition of Errolls Gold Project from Kyarra Minerals Pty Ltd. on June 9, 2025. Anuncio • Jun 06
Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.225 million. Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,554,054
Price\Range: AUD 0.074
Discount Per Security: AUD 0.00444
Transaction Features: Subsequent Direct Listing New Risk • Jun 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (135% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.79m market cap, or US$3.10m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Anuncio • Apr 11
Breakthrough Minerals Announces Outstanding Results from Metallurgical Testwork on Samples Collected from the Errolls Legacy Prospect Breakthrough Minerals announced outstanding results from metallurgical testwork on samples collected from the Errolls Legacy Prospect which is part of the Company's recently announced proposed gold acquisition. The Company has reviewed the original data and reporting on gold extraction testwork conducted on a bulk composite RC drill sample collected from five Reverse Circulation (RC) holes drilled at the Errolls Legacy Prospect. The testwork was carried out in 1987 with sample details listed in Table 1 and results provide encouragement that any addition to the gold found as part of the Errolls gold mineralised system may be straightforward to process. The testwork, undertaken at the respected AMMTEC Laboratory (now ALS) in Perth, confirmed exceptional gold recoveries and strong head grades, reinforcing the Project's potential for simple and highly efficient gold processing. Results from the testwork can be summarized as follows: Head assay grades achieved: Sample A - 4.77 g/t Au; Sample B - 5.14 g/t Au and (as a duplicate) 4.23 g/t Au; Gold recoveries were 98.4%, 97.3%, 96.9% and 96.1% for the grind sizes 80% <53, 75, 106 and 150 microns; All calculated head grades were higher than the assay head average of 4.73 g/t Au and ranged from 5.23 - 5.84 g/t Au; Wilfley table testing reported 23.5% of the gold present as coarse free gold. These results not only validate historical work on the Project but also support the potential for a low-cost, high-margin operation as exploration continues to unlock value. Gold Extraction Program Details: A gold extraction test program was conducted on ore from the Errolls workings within the Barambie Greenstone Belt. The program was to include: Duplicate head assay for Au; True SG determination; Grind establishment; Time leach cyanidations at 80% passing 150,106, 75 and 53 microns; Table and amalgamation. Samples: Three bags of samples from RC drillholes were received and amalgamated into a single bulk composite. All the sample material received was mixed together to form a bulk composite prior to crushing to -2.0mm. The crushed material was then further mixed and divided to produce subsamples for the test program. Two subsamples used for assay of Au gave results of: Head A - 4.77 g/t Au; Head B - 5.14, 4.23 g/t Au; Average head assay grade of 4.69 g/t Au. A standard true SG determination was conducted on two samples from the bulk composite (calculated by the weight of a dry sample in air divided by the weight of the sample in air minus the weight of the sample in water) with both samples returning a true SG calculation of 2.69. Grind Establishment and Optimum Grind for Cyanidation 4 lots of 1kilogram samples from the bulk composite were ground for various times in the laboratory rod mill. The ground slurries were filtered, dried then size analysis was conducted on the ground product to determine the relationship between grind time and resulting grind size. Table 2 lists the times for 80% passing 150, 106, 75 and 53 microns. Four 24 hour time leach cyanidation tests were conducted on the ore to determine the optimum grind for cyanidation. Observations from this testwork include: The gold recoveries were 98.4%, 97.3%, 96.9% and 96.1% for the grind sizes 80% <53, 75, 106 and 150µm respectively. Cyanide consumption ranged from 0.55 kg/t to 0.75 kg/t and lime consumption from 2.44 kg/t to 2.58 kg/t. The residue grades were 0.093 g/t, 0.159 g/t, 0.171 g/t and 0.204 g/t Au for the grinds 80% <53, 75, 106 and 150µm respectively. All calculated head grades were higher than the assay head average of 4.73 g/t Au and ranged from 5.23 to 5.84 g/t Au. Dissolved oxygen levels were satisfactory throughout all tests. The size assay conducted on the 80% <53µm residue showed an even gold distribution. The calculated head however was higher at 0.141 g/t. This would give a gold recovery of 97.6% and a calculated head of 5.84 g/t Au. Exploration - Next Steps: Following completion of the transaction, Breakthrough intends to move quickly to complete a maiden drilling program targeting additional high grade, shallow gold mineralisation at the Errolls Gold Project. Anuncio • Mar 31
Breakthrough Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.225 million. Breakthrough Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,554,054
Price\Range: AUD 0.074
Discount Per Security: AUD 0.00444
Transaction Features: Subsequent Direct Listing Anuncio • Feb 17
Breakthrough Minerals Limited Announces Change of Company Secretary Breakthrough Minerals Limited announced the appointment of Mr. Joel Ives as Company Secretary, replacing Mr. Jack Rosagro with effect from 17 February 2025. Mr. Ives is a Chartered Accountant with extensive experience as a Financial Controller and Company Secretary for private and public technology and resource exploration companies. He has supported multiple ASX listings, both through IPOs and RTOs, and has ensured ongoing regulatory compliance post-listing. Anuncio • Jan 31
Breakthrough Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.56 million. Breakthrough Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.56 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,142,857
Price\Range: AUD 0.07
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 857,143
Price\Range: AUD 0.07
Transaction Features: Subsequent Direct Listing New Risk • Jan 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 108% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.91m market cap, or US$1.81m). Anuncio • Dec 20
Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.136 million. Breakthrough Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.136 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,277,109
Price\Range: AUD 0.0415
Transaction Features: Subsequent Direct Listing Anuncio • Nov 05
Intra Energy Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.848 million. Intra Energy Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.848 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 218,000,000
Price\Range: AUD 0.0005
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,478,000,000
Price\Range: AUD 0.0005
Transaction Features: Subsequent Direct Listing Anuncio • Oct 29
Intra Energy Corporation Limited, Annual General Meeting, Nov 29, 2024 Intra Energy Corporation Limited, Annual General Meeting, Nov 29, 2024. Location: at level 5, 191 st georges terrace, perth, wa 6000 Australia Anuncio • Oct 21
Intra Energy Corporation Limited Announces Board Changes Intra Energy Corporation Limited announced the appointment of Mr. Peretz Schapiro and Mr. William Dix to the Company's Board of Directors. Mr. Schapiro has been appointed to the board of the Company as an Executive Director, and Mr. Dix has been appointed to the board of the Company as a Non- Executive technical Director. Mr. Schapiro is an experienced investor and public company director with a particular focus in the resources sector. He has a wide investor network and understands the fundamental parameters, strategic drivers, and what it takes to create successful high growth businesses. Peretz holds a Masters degree in Applied Finance and has a diverse professional background, with deep experience in corporate finance, resource exploration, management consulting, marketing and financing. Mr. Schapiro is the founding Chairman of Loyal Lithium Chairman of Summit Minerals, and has previously held directorships at various other ASX listed companies. Mr. Dix is a geologist with 28 years' experience in base metal, gold and uranium exploration and mining. Earlier in his career, he spent seven years with the highly successful international nickel producer LionOre Mining International in a variety of exploration, mining and management roles. He has a proven track record of successful project and team management and has extensive experience in commercial activities including capital raisings, mergers, acquisitions and divestments. He holds a Bachelor of Science and Master of Science (Geology) from Monash University, is a Fellow of AusIMM and a graduate of the Australian Institute of Company Directors. Mr. Dix is currently the Managing Director of Trinex Minerals, a non-executive director of Stelar Metals and has previously served as a director of Fitzroy Resources Ltd, Credo Resources Ltd, and Consolidated Zinc Limited. The Company also advised that both Mr. Benjamin Dunn and Mr. Alan Fraser have resigned from the Company's Board of Directors. Commencement date for Mr. Peretz Schapiro is October 21, 2024. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (70% average weekly change). Earnings have declined by 3.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$1.69m market cap, or US$1.17m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). New Risk • Mar 16
New major risk - Revenue and earnings growth Earnings have declined by 3.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 3.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (140% increase in shares outstanding). Revenue is less than US$1m (AU$17k revenue, or US$11k). Market cap is less than US$10m (AU$3.38m market cap, or US$2.22m). Anuncio • Feb 23
Intra Energy Corporation Limited (ASX:IEC) completed the acquisition of 80% stake in Maggie Hays Hill lithium project from Global Uranium and Enrichment Limited (ASX:GUE). Intra Energy Corporation Limited (ASX:IEC) agreed to acquire 80% stake in Maggie Hays Hill lithium project from Global Uranium and Enrichment Limited (ASX:GUE) for AUD 2.1 million on January 15, 2024. Under the terms of agreement, he total consideration is up to AUD 2,125,000, which includes a cash consideration of AUD 175,000 and the issue of 30 million Intra Energy shares at completion of the sale. The remaining deferred consideration will be issued in shares or paid in cash subject to certain milestones being achieved. Global Uranium will retain a 20% interest in the Lake Johnston Project and will also be granted a 1.0% gross revenue royalty by Intra Energy. Completion of the sale is conditional upon the satisfaction of due diligence by Intra Energy, the parties obtaining all necessary third-party approvals, consents and waivers.
Intra Energy Corporation Limited (ASX:IEC) completed the acquisition of 80% stake in Maggie Hays Hill lithium project from Global Uranium and Enrichment Limited (ASX:GUE) on February 21, 2024. Anuncio • Jan 15
Intra Energy Corporation Limited (ASX:IEC) agreed to acquire 80% stake in Maggie Hays Hill lithium project from Global Uranium and Enrichment Limited (ASX:GUE) for AUD 2.1 million. Intra Energy Corporation Limited (ASX:IEC) agreed to acquire 80% stake in Maggie Hays Hill lithium project from Global Uranium and Enrichment Limited (ASX:GUE) for AUD 2.1 million on January 15, 2024. Under the terms of agreement, he total consideration is up to AUD 2,125,000, which includes a cash consideration of AUD 175,000 and the issue of 30 million Intra Energy shares at completion of the sale. The remaining deferred consideration will be issued in shares or paid in cash subject to certain milestones being achieved. Global Uranium will retain a 20% interest in the Lake Johnston Project and will also be granted a 1.0% gross revenue royalty by Intra Energy. Completion of the sale is conditional upon the satisfaction of due diligence by Intra Energy, the parties obtaining all necessary third-party approvals, consents and waivers. Board Change • Dec 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alan Fraser was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 01
Intra Energy Corporation Limited, Annual General Meeting, Nov 29, 2023 Intra Energy Corporation Limited, Annual General Meeting, Nov 29, 2023, at 16:00 W. Australia Standard Time. Location: Automic Group, Level 5, 191 St Georges Terrace Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider remuneration Report; to consider re-election of Director Mr Alan Fraser; to consider approval of 10% Placement Facility; to consider Ratification of issue of Consideration Shares; to consider Ratification of issue of Adviser Options; to consider Approval of issue of Director Options and to consider any other matters. New Risk • Jul 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 168% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.10m market cap, or US$5.54m). Minor Risk Large one-off items impacting financial results. Anuncio • Feb 08
Intra Energy Corporation Limited Announces Re-Assay Results from the Soil Geochemical Survey Conducted At Yalgarra Project Intra Energy Corporation Limited announced the re-assay results from the soil geochemical survey conducted at the Yalgarra Project, in the Murchison region of Western Australia. On 28 November 2022, the Company announced that assay results were received for 11 of the 12 samples from the Yalgarra soil geochemical survey, which were anomalous for lithium with 44 ppm to 62 ppm Li2O. The Company has since re-assayed the results with Labwest's UltraFine+TM technique with results confirming concentrations ranging between 78 ppm and 161 ppm Li2O. IEC will commence a follow up infill soil sampling following program once the remaining assay results have been received. The first tranche of project-wide Soil Geochemical Sampling that was collected out of a total of two tranches was reported in previous ASX Release dated 28 November 2022. This first tranche of Assay Results identified 12 samples with anomalous lithium concentrations between 44 ppm and 62 ppm Li2O (originally reported as between 20.6ppm & 28.7ppm Li) in Northern Block of the licence. The majority of the lithium anomalism came from the northeast of the Northern Block within the vicinity of the Hillside Prospect Area from where anomalous copper samples have previously been reported. These samples were re-assayed using Labwest's UltraFine+TM method and the location and magnitude of the anomalous lithium analyses. The geology at the anomalous lithium sample sites was mapped as being thin skeletal soils amongst occasional basement outcrop and subcrop, with potential dilution from residual quartz rich rockchip fragments and windblown quartz sand. Some of the outcrop included pegmatite intrusives with mega- crystals up to 0.3 metres on the maximum dimension and ranging in colour from cream through to pale green and blue. A decision was made to re-asssay the fine clay fraction (<2um) using Labwests UltraFine+TM method for the following reasons; i) Intertek's AR25/MS52 analytical method was used and it has incomplete recovery of lithium and so existing Lithium anomalism was likely to be higher than reported; ii) strong correlation between Lithium and the suite of LCT related elements was calculated using non- parametric Spearman Correlation Coefficients validating the anomalism as potentially being caused by the LCT pegmatite model; and iii) the geology was skeletal soils (so not directly residual) with potential dilution by fine quartz sand whose dilutionary effect is removed by using the UltraFine+TM method. Only 11 of the 12 anomalous sites were re-assayed with a 1 kilogram unseived sample being collected from between 10 and 20 cm depth from each site in a calico bag and taken back to Perth by the supervising geologist for submission to Labwest. The results were anomalous, revealing Li2O grades ranging between 78 ppm and 161 ppm along with elevated Cs2O and Rb2O . Research completed by CSIRO and reported on in MRIWA REPORT NO. 462 (Noble,R, et al. 2018) shows that the isolation and analysis of the reactive 2-micron clay fraction, with microwave digestion and using the latest low detection level ICPMS technology, is optimal for soil geochemical programmes as it removes the effects of dilutionary media such as fine sand. Since 2017, CSIRO in conjunction with Labwest has developed an analytical method to isolate and assay this ultrafine (clay) fraction and this has been trademarked as UltraFine+TM. While the Company is waiting on a review of soil sampling results from Yalgarra's Southern Block 14, pegmatite Rockchip Samples have been resubmitted to Intertek for analysis using a fusion method that liberates Lithium bearing minerals that are not completely digested by the standard aqua regia digest. IEC intends to undertake further field exploration in the first half of 2023, to identify high-priority drill targets for testing in the second half of 2023. Anuncio • Jan 24
Intra Energy Corporation Limited Provides an Update on Exploration At Its Yalgarra Project in the Murchison Region of Western Australia Intra Energy Corporation Limited provided an update on exploration being carried out at its Yalgarra Project in the Murchison region of Western Australia. Initial multi-element assays for the first 15 rock chip samples have been received, with the tenor of the results supporting potential for fertile mafic and ultramafic host units within the Project, further validating Soil Geochemical Prospects /targets identified. Soil Geochemical Sampling The first batch of assay results received from the Soil Geochemical Sampling Program identified three prospects in the Northern Block of the Licence, Yallalong South, Bert Well and Hillside, as per the reporting Project-wide Soil Geochemical Sampling. Results Whilst undertaking Soil Geochemical Sampling, geologists were able to map the geology and collect rock chip samples. Many of these samples were iron-oxide samples with vuggy textures that were collected as possible gossans, with some of the samples collected to be able to discriminate between weathered ultramafic, mafic and felsic volcanic rock units; and several Samples of pegmatite were collected to analyse for lithium anomalism. A total of 87 samples were collected and 15 have been returned to date. Discussion: The Company noted that samples RS001 through to RS012 are all from the Yallalong South Prospect Area. Out of all of the samples RS007 has the highest copper content with 276.8ppm copper with minor 0.15% sulphur content suggesting possible magmatic sulphide source. In this sample, the mafic elements (Cr, Mg and Fe) are more indicative of a mafic precursor rather than an ultramafic precursor. Although chromium, magnesium and nickel concentrations in samples such as RS001 (potential Magnesite present), RS004 and RS012 are indicative of the presence of ultramafic rocks in the same general prospect area. Samples RS013 through to RS015 are from the Bert Well Prospect Area, with the assay results for sample RS014 not yet returned. Sample RS015 recorded 213ppm copper and was associated with an elevated zinc concentration of 710ppm and cobalt at 162ppm. Notwithstanding, the prospect has in general an extensive transported sand regolith, and at the sample site location RS015 was a vuggy iron-oxide rich sample found near the contact of mafic volcanic and possible felsic volcanic rocks (with beige colouring with prominent `quartz eye' mineral habit). A nearby BIF unit also hints that a remnant keel of a greenstone sequence is present at Bert Well. No assays have been returned from rock chip samples from the Hillside Prospect yet. A single assay from Sample RS016 was returned from a sample site near the field camp in the Southern Block, which is a vuggy textured iron-oxide (potentially gossan) sample with 162.4ppm Cu concentration, as well as elevated 35.8ppm Pb, 219ppm Zn and 0.27% Sulphur content suggesting a chalcophile and possible magmatic sulphide association. The sample has an extremely high 60.81% iron content with elevated 1,812ppm vanadium content and 148.1ppm cobalt content, though the modest 58ppm chromium assay suggests a mafic gabbroic precursor rather than an ultramafic precursor. Next Steps: While the Company is awaiting soil sampling results from Yalgarra's Southern Block and further sample assay results, it will forward selected Samples for petrologic and electron-microscope evaluation for evidence of magmatic sulphides. IEC intends to commence further field exploration in February 2023, with the intention to focus in on high-priority drill targets for testing in the second half of 2023. Board Change • Jan 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Alan Fraser was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 30
Intra Energy Corporation Limited Announces Board Resignations Intra Energy Corporation Limited announced that Mr. Jim Shedd and Mr. Troy Wilson have resigned as non-executive directors of the company. Anuncio • Nov 29
Intra Energy Corporation Limited Announces High Quality Ni/PGE Targets Identified at Yalgarra Intra Energy Corporation Limited provided an update on exploration being carried out at its flagship Yalgarra Project, in the Murchison region of Western Australia. Excellent progress has been made, following the Airborne Electro-Magnetic (AEM) survey in July, and completion of the soils geochemical program in October. Results from the first batch of July soils have been returned and are consistent with the results competitors have been reporting from their adjacent licences and boost support for increased exploration activity going into 2023. Led by IEC's partners in the Yalgarra Project, Century Minerals, a comprehensive program of widely spaced soil sampling was undertaken over a large part of the licence area comprising approximately 400sq km. Century Minerals had identified the area as potentially hosting mafic/ultramafic rocks similar to Chalice Mining Limited's "Julimar" project as well as younger mafic intrusives potentially prospective for chonolith-style nickel mineralisation. Field reconnaissance mapping whilst collecting soils and the airborne AEM survey have since validated the initial rationale used in identifying and exploring the ground. The initial program of ~ 3,000 soil geochemistry samples commenced in late July with the first 1,234 samples collected and sent for analysis along with 15 rock chip samples. Subsequent wet weather prevented access and slowed the on-ground work. Work recommenced in September and was completed in October, with a further 1,718 soil samples and 62 rock chip samples now sent to Intertek Perth laboratory for analysis. Sample lines were planned over areas where mafic and ultramafic rocks had been mapped or interpreted from the magnetic data. The lines varied in spacing to test isolated targets, but most lines were spaced at 400-800m over the areas of most interest. Sample spacing along lines was 100m, consistent with the objective of defining the geochemical footprint of new large-scale mineral systems. The Rock Factor soils are a product of the elements magnesium, nickel and chromium which are typically enriched in the mafic-ultramafic host rocks, and these can map the distribution of the favourable rocks. However, differences in the nature of the regolith (outcrop or residual soils domains vs transported cover) will have a major effect on the distribution of Rock Factor elements as well and will need to be considered as part of the follow-up to help it understand the effectiveness of the soils program and the significance of any individual Mineralisation Factor result. Very encouraging Mineralisation Factor (Cu ± Pt ± Pd) metal anomalies have been returned from the Yallalong South, Bert Well and Hillside targets in the Northern Block. Mineralisation Factor is most notably strong in the western area of the Northern Block, coincident with elevated Rock Factor values which define a large mafic-ultramafic rock domain the company now identifying as `Yallalong South'. At Yallalong South significant Mineralisation Factor metal anomalism has been defined on 2 consecutive 800m-spaced soil lines parallel to the trend of mafic-ultramafic intrusions defined from mapping and interpretation of the aeromagnetic data. In addition, an unexplained conductor has been defined in the south sector of the Yallalong South target in an area with much more subdued Rock Factor soils results coincident with a change in the surface regolith. Yallalong South represents a priority target for follow-up exploration including Moving Loop EM or IP geophysics, infill soils or auger drilling, or a combination of all, with the intention of identifying high priority targets for drill testing in early 2023. Anomalous Mineralisation Factor soils were recorded in the Bert Well area above strongly magnetic stratigraphy in the southern end of the Northern Block. The Rock Factor soils were subdued possibly upgrading the significance of the Mineralisation Factor anomalism in this area. This is because Mineralisation Factor comprises chalcophile elements which are more mobile possibly creating secondary dispersion anomalism in a transported regolith, whilst the Rock Factor elements tend to be more immobile and would be subdued by a transported overburden which is consistent with the observed regolith during soil sampling. Patchy locally anomalous Mineralisation Factor soils were recorded in the Hillside area in the northeast of the Northern Block. The Rock Factor response in this area is consistently strong defining a large mafic-ultramafic rock domain the company now identifying as the Hillside target area. The Mineralisation Factor anomalism seems to be driven significantly by elevated copper values along the margins of magnetic intrusive units. The patchy nature of the Mineralisation Factor anomalism in this area is likely due to the presence of thin shallow skeletal soils keeping secondary dispersion confined above any basement mineralisation. An EM conductor was surveyed at the southern end of the Yallalong South target area above a northeast striking linear magnetic feature (GSWA mapped mafic-ultramafic units). The Mineralisation Factor and Rock Factor values above it is in a subdued part of the geochemical anomaly most likely due to a change in the regolith. A second conductor sits just outside the Yallalong South target area though above the same linear magnetic feature. An EM conductor was surveyed at the South-Western corner of the Hillside target area at a local closure within the same (IEC interpreted) linear magnetic feature as the Yallalong South conductors were found. The Mineralisation Factor and Rock Factor values above it is subdued compared to the values at the centre of the geochemical anomaly, most likely due to an increasingly transported regolith. Several EM conductors are present in the northwest of the Northern Block where no soil sampling has yet been completed. Several additional soils lines will be required, along with field mapping, to evaluate these conductors. Unexpectedly, a total of 12 samples from the July batch of soil samples sent to Intertek, returned weakly anomalous plus 20 ppm Li assays with a peak Li assay of 28.7 ppm. Resamples from 11 of these sample sites have been sent for further analysis at Labwest Laboratories using their Ultrafine+TM method. Most interesting was the occurrence of 8 of these elevated lithium values in soils from the northeast (Hillside) target area. These weakly anomalous Li assays are supported by stronger Cs and Rb assays, possibly indicative of an LCT pegmatite source. Mapping in this area identified sub-cropping pegmatite and some pegmatite rock float has been sent for assaying at Intertek Laboratory. Although the main goal at Yalgarra has been to find a magmatic sulphide Cu-Ni-PGE deposit, these results encourage it to also pursue further exploration in the area for lithium-bearing pegmatites. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Alan Fraser was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Oct 07
Intra Energy Corporation Limited Announces Multiple Airborne Electromagnetic Anomalies Identified at Yalgarra Intra Energy Corporation Limited announced that it has identified 13 anomalies following the 400m line spaced airborne electromagnetic survey at its 70% owned Yalgarra Project in Western Australia. The Yalgarra licence is located 125km east of Kalbarri in Western Australia in the northern sector of the West Yilgarn Ni-Cu-PGE province. Exploration targeting magmatic nickel-copper-PGE mineralisation at the Yalgarra Project commenced in July 2022, with a 400m line spaced airborne survey run across the licence by contractor NRG using their Xcite helicopter-borne electromagnetic system. A total of 1,101 line km of surveying was completed, and in total 13 discrete conductors were identified in the airborne survey by geophysical consultant Newexco, who evaluated the data line by line to highlight any anomalous conductive features. Many of the conductive features closely coincide with interpreted magnetic mafic-ultramafic intrusions. This work was successful in highlighting a series of compelling conductors that cannot be explained by any observed surface features or known geology (such as graphitic units) and which require on ground follow-up. If the conductors are sulphide mineralisation, then only massive sulphide (& not disseminated sulphide) would be expected to provide detectible bedrock conductors using this system. Continuous EM responses due to weakly saline water within alluvial sediment tracts of the Murchison River and larger streams were observed within the project area and dismissed as valid targets. On-ground follow-up will comprise initial surface mapping and multi-elements soil geochemistry to understand the geological context, and if a likely bedrock source is confirmed, complete ground based moving loop EM to constrain geometry and intensity of the feature for drill testing. Mapping of sporadic outcrops within the project area shows the geology predominantly comprises variably deformed granitic gneiss with some less deformed and coarse-grained K-feldspar granite. Mafic to ultramafic rock exposures are widespread within the project area and comprise E to NE-trending deformed and altered talc-amphibole ultramafic intrusions of probable Archean age better developed in the northern block, and N-NNE trending relatively undeformed medium-coarse grained gabbroic rock domains of likely Proterozoic age in both the northern and southern blocks. The mafic rock domains are highlighted in Figures 1 & 2 and tend to form complex interconnected intrusion corridors which also correlate with the magnetic anomalies defined by Todd River on the adjacent Nerramyne project, which includes the emerging Chandler Cu-PGE prospect. Soil geochemistry sampling over the entire licence commenced in July but has been hampered by recent persistent rain in the project area. About 40% of the planned sampling has been collected to date and samples submitted for a full suite of multi-element analysis. The EM survey has highlighted some additional areas that require more focused sampling, and the Company is looking forward to completing the geochemistry as soon as conditions allow. Anuncio • Oct 04
Intra Energy Corporation Limited, Annual General Meeting, Nov 24, 2022 Intra Energy Corporation Limited, Annual General Meeting, Nov 24, 2022. Agenda: To consider election of director. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Alan Fraser was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Mar 05
Intra Energy Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.499992 million. Intra Energy Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.499992 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,602,050
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 129,896,950
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing Anuncio • Jan 29
Intra Energy Corporation Limited (ASX:IEC) entered a binding agreement to acquire 70% stake in Licence Application E70/5464 from Century Minerals. Intra Energy Corporation Limited (ASX:IEC) entered a binding agreement to acquire 70% stake in License Application E70/5464 from Century Minerals on January 28, 2022. IEC will make the payment of AUD 50,000 to Century Minerals; the issue by IEC of 40,000,000 performance shares which each convert to one, fully paid share in the capital of IEC to Century Minerals (performance shares); the issue by IEC of 20,000,000 shares to Century Minerals (IEC Shares) subject to the terms of a voluntary escrow deed; and IEC committing to a minimum in-ground expenditure of AUD 600,000 within 2 years of grant of the Tenement. The transaction is subject to the Mining Act. Anuncio • Nov 27
Mirambo Mining Limited reached an agreement to acquire Intra Energy Tanzania Limited from Intra Energy Corporation Limited (ASX:IEC) for $2 million. Mirambo Mining Limited reached an agreement to acquire Intra Energy Tanzania Limited from Intra Energy Corporation Limited (ASX:IEC) for $2 million on November 25, 2021. The transaction also includes settlement of loans from Intra Energy Corporation Limited to Intra Energy Tanzania Limited. Mirambo Mining will pay consideration in cash in two equal tranche tranches, subject to conditions precedent, the first having now been received by Intra Energy Corporation and the second tranche within 90 days upon Intra Energy Corporation's shareholder approval. In a related transaction, Intra Energy Corporation is undertaking a private placement of AUD 1.5 million. The transaction is subject to receiving approval from the Fair Competition Commission of Tanzania and the shareholders of Intra Energy Corporation. Mirambo Mining has advised that they will also give the Government of Tanzania the opportunity to match the terms of the sale and purchase agreement agreed between Intra Energy Corporation and Mirambo Mining under similar conditions should they so desire. The proceeds from the sale will be used by Intra Energy Corporation for exploration activities on its existing assets and to assess new exploration opportunities. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Alan Fraser was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.015 loss per share (vs AU$0.03 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: AU$13.5m (down 64% from FY 2020). Net loss: AU$5.72m (loss narrowed 51% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Anuncio • Feb 10
Intra Energy Corporation Limited Announces Resignation of Marc Schwartz from the Board Intra Energy Corporation advised that Mr. Marc Schwartz has resigned from the Board of Directors of IEC due to increasing personal commitments. Executive Departure • Feb 10
Non-Executive Director has left the company On the 9th of February, Marc Schwartz's tenure as Non-Executive Director ended after 1.5 years in the role. As of September 2020, Marc personally held 9.06m shares (AU$82k worth at the time). Marc is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Nov 12
Insider recently sold AU$72k worth of stock On the 9th of November, David Schwartz sold around 5m shares on-market at roughly AU$0.013 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Anuncio • Oct 29
Intra Energy Corporation Limited announced a financing transaction Intra Energy Corporation Limited (ASX:IEC) announced that it will receive a round of funding on October 28, 2020. Reported Earnings • Sep 30
Full year earnings released - AU$0.03 loss per share Over the last 12 months the company has reported total losses of AU$11.6m, with earnings decreasing by AU$15.0m from the prior year. Total revenue was AU$37.8m over the last 12 months, down 28% from the prior year.