Accelerate Resources Ltd (ASX: $AX8) initiates maiden drill program at Prinsep Lithium Project

Accelerate Resources Ltd (ASX: $AX8) has commenced its maiden drill program at the Prinsep Lithium project near Karratha. The program will consist of 48 RC drill holes for 3,500m, focusing on pegmatite discovery where surface sampling has shown lithium mineralisation up to 1.68% Li2O over 1,500m strike and widths up to 60m. The drilling is planned for completion by the end of June, with samples sent in batches for assaying as they become available.

Executive Commentary on Prinsep Lithium Project

The commencement of drilling of our Prinsep Project in the newly emerging West Pilbara lithium belt represents a significant milestone for the Company. The maiden drill program targets significant lithium mineralisation down dip of outcropping mineralisation as well as new pegmatite sets hidden by cover. Over the upcoming months I look forward reporting regularly on activities at Prinsep as well as exploration results across the larger Karratha Lithium Projects.

Summary of Prinsep Lithium Project Announcement

Accelerate Resources Ltd (ASX: $AX8) has initiated its maiden drill program at the Prinsep Lithium project, aiming to target significant lithium mineralisation near Karratha. The program will focus on pegmatite discovery, with drilling planned for completion by the end of June. The company's Chief Executive Officer, Mr Luke Meter, expressed optimism about the project's potential and the upcoming exploration results across the larger Karratha Lithium Projects. The Prinsep Lithium Project forms part of the company's larger Karratha Lithium Projects portfolio, encompassing approximately 85km2 of prospective tenure within the emerging Karratha - Roebourne hard-rock lithium belt. The company aims to continue providing regular updates on the project's activities and exploration results in the coming months.