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Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.005 -0.001 (-16.67%)+
Announcement
Release
16 Feb 2026 8:13AM
Price at Release
$0.006
Full Release
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Summary
Accelerate Resources Limited (ASX: AX8) announced the discovery of multiple new high-grade manganese outcrops at their Woodie Woodie North Project in Western Australia. These findings were made along the newly defined 4km El Largo Corridor, with manganese grades reaching up to 59.4%. The project, located in the East Pilbara region, covers 432km² and features several manganese corridors extending over 35km. The recent exploration has identified significant untested surface targets, which suggest a potential for a high-grade manganese hub within the area. Despite the promising surface results, the zones have not yet been tested by drilling. The company plans to advance heritage clearances and initiate maiden RC drilling to explore these high-priority targets further.
Key Points
  • Discovery of high-grade manganese outcrops at Woodie Woodie North.
  • Grading up to 59.4% manganese over a 4km corridor.
  • Located within a 432km² area in the East Pilbara region.
  • Potential for a high-grade manganese hub.
  • Untested by drilling, with plans for future exploration.
  • Logistical advantage with proximity to Port Hedland.
  • Inferred Mineral Resource Estimate of 1.2Mt at 19.1% Mn.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.