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Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.006 0.001 (9.09%)+
Announcement
Release
11 Aug 2026 9:34AM
Price at Release
$0.006
Full Release
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Summary
Accelerate Resources Limited has completed a high-resolution gravity survey at its Woodie Woodie North Manganese Project, revealing structural controls on manganese mineralization at Gingarrigan and El Largo. This survey confirmed a fault-hosted manganese model, similar to that of the nearby Woodie Woodie manganese camp. The integration of gravity data, LiDAR, and orthophotography has enhanced geological targeting for future drilling. An inferred Mineral Resource Estimate highlights the project's potential, with drilling planned to commence upon obtaining necessary clearances.
Key Points
  • High-resolution ground gravity survey completed over Gingarrigan and El Largo within the Woodie Woodie North Manganese Project.
  • The survey revealed a network of structures coinciding with numerous mapped manganese outcrops.
  • Structural intersections were identified as potential hosts for high-grade manganese mineralization.
  • The survey supports a fault-hosted manganese exploration model, akin to the nearby Woodie Woodie manganese camp.
  • Integration of LiDAR, orthophotography, geological mapping, and gravity data to refine drill targets.
  • Upcoming RC drilling planned following heritage clearance and required approvals.
  • The Woodie Woodie North Project covers large-scale manganese corridors in Western Australia.
  • An inferred Mineral Resource Estimate was defined, indicating potential for significant manganese deposits.
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.