Blast Off: Accelerate starts fieldwork at new Karratha lithium projects
Accelerate Resources has commenced detailed mapping and sampling at its Karratha lithium projects to double down on future drill targets.
The company recently added four ‘transformational’ Karratha tenements to its growing battery metals portfolio – the Prinsep, Mt Sholl, Mt Sholl East and Roebourne South projects.
Notably, Karratha is right in the heart of the Pilbara’s 40km-long Karratha-Roebourne lithium belt, where recent discoveries include Azure Minerals’ (ASX:AZS) monstrous Andover project (exploration target 100-240Mt at 1-1.5% Li2O).
A high-resolution aerial imagery and digital elevation survey has been completed at Prinsep to assist with identifying new lithium-bearing pegmatites and detailed mapping and follow-up sampling has commenced with a view to planning a series of drill targets.
The wider Mt Sholl, Mt Sholl East and Roebourne South projects will also be mapped for prospective geology and sampled where pegmatites are identified.
These projects have never been systematically explored or drilled for lithium.
Prinsep is particularly exciting, boasting two large, completely undrilled outcropping spodumene-rich pegmatite systems spanning across the entire 2km width of the tenement area and beyond, Accelerate Resources (ASX:AX8) says.
Here, recent rock chip sampling has returned grades up to 1.87% Li2O from the Southern Pegmatite system and 1.29% Li2O from the Northern Pegmatite system.
The aerial imagery and digital elevation survey is expected to assist with geological mapping, target generation, reporting, and general visualisation of the area.
Integration of the enhanced imagery and digital terrain model (DTM) will be used to construct a 3D map view to assist with lithological and structural mapping, delineation of pegmatite outcrops and optimisation of drill targeting.
A shallow maiden drilling program will be conducted as soon as possible following DMIRS Program of Works approval and any heritage clearance approvals.
AX8 has also appointed a new project manager in experienced geologist Kevin Joyce to accelerate the lithium search at the Karratha projects.
Joyce has over 25 years’ experience in the resources sector with an impressive resume which includes the discovery of Leo Lithium’s (ASX:LLL) world-class Goulamina lithium deposit in Mali which has a resource of 211Mt at 1.37% Li2O2.
This is expected to preserve up to $600,000 cash to boost the exploration budget.
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.