Accelerate Resources Ltd announcement

Accelerate Resources Ltd (ASX: $AX8) has confirmed the dates for completing an Aboriginal Heritage and Ethnographic survey with the Ngarluma Aboriginal Corporation (NAC) over its 100% held and drill ready Prinsep Lithium Project in mid-April 2024. The survey will provide clearances to conduct drilling and other exploration activities over the spodumene-bearing northern and southern pegmatite trends, with drilling expected to commence as soon as possible following approvals for the Heritage survey and Program of Works.

Executive Commentary

We thank the Ngarluma Aboriginal Corporation for their support and assistance in expediating a date for the Heritage survey less than a month after signing the Native Title and Heritage Exploration Agreement. Their assistance is greatly appreciated, and we look forward to working closely with NAC as our Karratha Projects advance.

Summary

Accelerate Resources Ltd (ASX: $AX8) has confirmed the heritage survey dates for the Prinsep Lithium Project, with the maiden drill program rapidly advancing. The survey will cover the full +1.8km strike extent of both the northern and southern mineralised lithium pegmatite trends where assay results up to 2.06% Li2O have been reported. The Company expressed gratitude to the Ngarluma Aboriginal Corporation for their support and assistance. The Prinsep Lithium Project, part of the larger Karratha Lithium Projects portfolio, is situated 15km south of the regional centre of Karratha and 35km west of Azure Minerals' Andover Lithium discovery. Accelerate Resources is finalizing preparations to commence the maiden drill program at the Prinsep Lithium Project, with a base of operations established in Karratha and contracts for services being finalized.