Accelerate’s prospects cover a large area of 369 sq km, 200km east of Port Hedland and 30km east and southeast of Marble Bar.

Accelerate Resources Ltd has lodged three exploration licence applications targeting lithium, tin, and tantalite prospective areas in the East Pilbara region of Western Australia.

Applications E456057 and E45/6058 cover the central eastern section of the Mt Edgar Batholith, a prominent granitic intrusion with NS and NE lineaments and structures identified from broad based geological survey data.

The company’s E45/6056 application covers the north-east section of the Corunna Downs Batholith with prominent N-S, E-W and NE lineaments and structures identified from broad based Geological Survey data.

Both areas are underexplored for lithium minerals but have been the subject of limited diamond exploration and historic tin and tantalite exploration activity.

Adding to critical mineral strategy

Accelerate (ASX:AX8) managing director Yaxi Zhan said these exciting new opportunities add to the company’s current critical mineral strategy in a low- cost way.

“The new areas are prospective for lithium, tin and tantalite, and are highly complementary to the company’s strategy and exploration program in the Pilbara region.”

Next on the agenda

Field reconnaissance is planned in the coming months in conjunction with activity on the Accelerates’ East Pilbara manganese projects.

Plans are underway to conduct initial reconnaissance activity including geological mapping and selective surface sampling as well as detailed desk top assessment over the coming months with a view to generating target areas.

 

 

 

This article was developed in collaboration with Accelerate Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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