"ACCELERATE APPOINTS MARK THOMPSONTO THE BOARDAccelerate...

"ACCELERATE APPOINTS MARK THOMPSONTO THE BOARD

Accelerate Resources Limited (“Accelerate” or “the Company”) is pleased to announce that Mr Mark Thompson will join the Board as a Non-executive Director, effective 1st May 2024.

Mr Thompson has over 30 years’ experience in the Mineral Industry and is the founder and Managing Director of ASX-listed Talga Group Ltd (ASX: TLG) where he is highly regarded for establishing world-class innovative battery material processing and development. He has successfully overseen the transformation of TLG from a WA local gold explorer with a market capitalisation of ~$8M to a ~$300M battery and advanced materials company.

Mr Thompson is a member of the Australian Institute of Geoscientists, the Society of Economic Geologists and the Society of Vertebrate Paleontology.

As part of the transition of the board, Dr. Steve Bodon will resign effective from 1st of May2024. Steve has been a valued member of the Board during his tenure with the Company,and the Board wishes him the best for his future endeavours.

Accelerate Resources Chairman Richard Hill commented,“We warmly welcome Mr Mark Thompson to the Board of Accelerate. Mark has a proven track record of mineral discoveries, project development and business transformation. He is recognised and respected within the resource sector as well as the battery materials space.His experience, expertise and strong networks will enhance the company's competitiveness and growth in the critical minerals space. I also take this opportunity to thank Steve for his important technical and strategic contributions to the business over the past two years.”

Terms of Appointment Mr Mark Thompson will be issued 2,000,000 incentive options exercisable at $0.075 before30/4/2027. He will be paid a Non-Executive director's fee of $45,000 per annum (exclusive of superannuation or GST) from 1/5/2024. The options will be issued under the Company’s Employee Securities Incentive Plan."


"Accelerate Resources Limited is an Australia-based exploration company. The Company is focused on the discovery and development of critical metals, such as lithium, manganese and gold assets in Western Australia. Its projects include Karratha Lithium Projects, Woodie Woodie North (WWN) Manganese Project and Comet Gold Project. The Karratha Lithium Projects are situated within the approximately 40 kilometers (km) long hard-rock lithium belt between Karratha and Roebourne, 1,500 km north of Perth within the tier 1 mining jurisdiction of the West Pilbara. The Karratha Lithium Projects comprise around 90 square kilometers (km2) of prospective ground with the Prinsep Lithium Project. The WWN manganese project is located approximately 70 km north-east of ConsMin Woodie Woodie Manganese Mine, 240km east of Port Hedland. Its Comet Gold Project comprises five granted exploration licenses and two exploration application licenses covering over 269 km2, located south-southwest of Meekatharra."