Accelerate Resources (ASX:AX8) is ready to begin a detailed soil sampling program across the Greater Karratha Lithium Projects in Western Australia.
The $17.68 million market capitalisation company says sampling, which will aid with new target generation, will begin after executing a native title and heritage exploration agreement with the Ngarluma Aboriginal Corporation over the ‘transformational’ and drill ready Prinsep Lithium Project.
A heritage survey is expected to be carried out in preparation for phase one drilling at Prinsep in Q2 2024, with a program of works lodged with the Department of Energy, Mines, Industry Regulation, and Safety (DEMIRS).
Chief Executive Officer (CEO) Luke Meter says: “We thank the Ngarluma Aboriginal Corporation for their support and assistance in finalising this agreement.
The NTA provides Accelerate with the framework to complete the heritage and ethnographic surveys necessary to responsibly explore and drill the exciting walk-up drill targets at the Prinsep Lithium Project without disturbing areas of cultural significance.”
Field services company Terra Search has been employed to complete the upcoming soil sampling program, which will include 630 samples collected on a nominal 100m by 400m north-south grid over portions of the Prinsep, Mt Sholl East, and Roebourne South projects.
The program will take 2 weeks to complete and samples will be sent to Labwest in Perth for ultrafine fraction analysis.
The Prinsep Project sits 115km south of the regional centre of Karratha and 35km west of Azure Minerals (ASX:AZS) Andover Lithium discovery currently subject to a $1.7 billion takeover offer by SQM and Hancock Prospecting.
Prinsep forms part of the larger Karratha Lithium Projects portfolio which encompasses about 90km-square of prospective tenure within the emerging Karratha-Roebourne hard-rock lithium belt.
Accelerate Resources is a Perth-based explorer focused on discovering and developing critical metals, including lithium and manganese, as well as gold assets in Western Australia.
Write to Adam Drought at Mining.com.au
Images: Accelerate Resources
