AX8 accelerate resources limited

https://thewest.com.au/business/public-companies/land-grab-highli...

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    https://thewest.com.au/business/public-companies/land-grab-highlights-lithium-promise-in-the-pilbara-c-9039501

    Australia currently leads the globe in terms of lithium production and according to Geoscience Australia about 95 per cent of Australia’s lithium resources are found within just five deposits and all are in WA. The renowned Greenbushes mine, 200km south of Perth, is the undisputed king when it comes to contained amounts of lithium and grade. The next two deposits on the leader board, Pilgangoora and Wodgina, both belong to the Pilbara, an area that is again a hotbed of exploration and discovery.

    An army of explorers is now spreading out across the Pilbara in search of the next head-turning deposit. In 2020, about 100km east of Pilgangoora, ASX-listed Global Lithium Resources made its move to be the next player in the area tabling a mineral resource for its Archer deposit of 10 million tonnes going 1.0 per cent lithium oxide.

    Also, Accelerate Resources has identified numerous significant pegmatite outcrops nearby at its wholly owned East Pilbara lithium project. A total of 14 smaller pegmatite outcrops were highlighted from a maiden sampling program covering one third of the company’s Mount Creek project that forms part of the East Pilbara tenements near Marble Bar. The company has collected 88 samples at the site with assay results expected early next year.
 
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