Accelerate Resources Limited (ASX: AX8, 'Accelerate' or the 'Company') is pleased to announce following on from a recent field visit and historical data compilation, Accelerate has elected to exercise the Option with Pardoo Resources Pty Ltd (ACN 647 653 316) and Great Sandy Pty Ltd (ACN 139 440 403) to acquire the manganese and iron ore rights on Ripon Hills East and Braeside West Projects in the East Pilbara Manganese Field.
The Projects are situated 125km east of Marble Bar within 70km of the Woodie Woodie Manganese Mine and only 240km from the port of Port Hedland. The historical data collation has identified multiple manganese targets throughout the tenements.
The site visit confirmed the extensive nature of the prospective Pinjian Chert - Carawine Dolomite interface on the tenements, with manganese mineralisation commonly exposed at 3 | P a g e the surface at multiple locations
Accelerate Resources Managing Director Yaxi Zhan commented: 'We are excited by the opportunity to explore within a world class region for high-grade manganese, a critical mineral for battery and steel production with forecast demand shortfalls. The historical data review and the field trip demonstrate the potential for a largescale high-grade manganese project. This timely, high value strategy is in a proven yet underexplored area with excellent infrastructure, and we believe there are significant opportunity for new discoveries.
Braeside West Historical Data Review Results
The Braeside West...
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