AX8 has picked up a new tenement in the East Pilbara. Pic: Getty Images
‘Substantial lithium target’: Accelerate Resources expands lithium hunt in Pilbara hotspot
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- Accelerate Resources expands its East Pilbara lithium strategy with new Windi tenement acquisition
- The tenement covers a “substantial lithium target” in recognised hotspot for lithium-tantalum (Li-Ta) mineralisation
- Targeting also starts at 100%-owned Garden Rock lithium project in the Murchison Region
Accelerate Resources is picking up more real estate in the West Australian lithium hotspot of the East Pilbara with the new Windi tenement, down the road from Global Lithium’s 18Mt Archer deposit.
The 100%-owned Accelerate Resources (ASX:AX8) East Pilbara lithium project is surrounded by giant mines and promising projects, including Pilbara Minerals’ (ASX:PLS) Pilgangoora mine, Mineral Resources (ASX:MIN) Wodgina project, Global Lithium Resources’ (ASX:GL1) Archer deposit, and Wildcat Resources’ (ASX:WC8) Tabba Tabba project.
‘Substantial and promising opportunity’
AX8’s new Windi tenement covers a portion of the 5-9km wide target zone along the south-eastern boundary of the Bonney Downs monzogranite within the Split Rock Suite, a recognized hotspot for lithium-tantalum mineralisation.
The tenement application extends across almost 10km of this promising zone, which AX8 says presents a “substantial and promising exploration opportunity”.
The explorer says the lithium target generation will start at Windi using the same exploration model applied by GL1 at the Archer Deposit (18 Mt @ 1.0% LiO2).
Targeting starts at Garden Rock
AX8 says targeting has also kicked off at its 100%-owned Garden Rock lithium project in the Murchison Region of WA, with planned field mapping and sampling to identify possible pegmatite-hosted lithium mineralisation for drill testing.
The region has gained recognition for its gold occurrences within the greenstone formations, but there remains a notable lack of exploration for lithium mineralisation hosted within pegmatites, despite the presence of potential late granitoid intrusions.
Initial findings based on limited geochemical data from GSWA’s open-file records indicate a potential correlation between heightened lithium levels within the Comet project area and the spatial presence of a late K-feldspar porphyry intrusion within the Garden Rock monzogranite.
AX8 says the correlation raises the possibility that the late porphyritic phase of the monzogranite may serve as the origin of increased lithium content in the area.
The explorer also says, based on the lithium pegmatite model successfully employed by other explorers, the greenstone belt in the eastern area of the Garden Rock project is showing promise for more pegmatite-hosted lithium mineralisation.
AX8 will start by conducting an initial interpretation of satellite imagery to pinpoint potential LCT pegmatites residing within the greenstone formations.
Subsequently, the project will move forward with on-site field mapping and sampling to assess the lithium potential of the project area.
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.
