Curated News
By: NewsRamp Editorial Staff
April 09, 2024
Accelerate Resources Locks in Heritage Surveys Ahead of Drilling at Prinsep Lithium Project
TLDR
- Accelerate Resources is set to exploit high-grade lithium potential at Prinsep, giving investors an opportunity for significant returns.
- The completion of Heritage and Ethnographic surveys in collaboration with the Ngarluma Aboriginal Corporation at Prinsep Lithium Project will guide the drilling phase.
- Accelerate Resources' partnership with the Ngarluma Aboriginal Corporation highlights the company's commitment to collaboration and cultural respect as the project progresses.
- The 1.8-kilometre strike of both northern and southern lithium pegmatite trends at Prinsep in Western Australia shows promising rock chip assays, reporting lithium grades as high as 2.06%.
Impact - Why it Matters
The upcoming drilling program at the Prinsep Lithium Project in Western Australia, along with the completion of Heritage and Ethnographic surveys, signifies a significant step forward in exploiting the lithium potential at Prinsep. The collaboration with the Ngarluma Aboriginal Corporation (NAC) and the swift action in scheduling the heritage survey demonstrate the company's commitment to responsible and sustainable resource development. This news highlights the importance of maintaining strong partnerships with local communities and regulatory bodies in resource exploration and underscores the growing significance of lithium as a key component in renewable energy technologies.
Summary
Accelerate Resources Ltd (ASX:AX8) CEO Luke Meter discusses the company's upcoming drilling program at the Prinsep Lithium Project in Western Australia, emphasizing the completion of Heritage and Ethnographic surveys in collaboration with the Ngarluma Aboriginal Corporation (NAC). Scheduled for mid-April, these surveys will span the 1.8-kilometre strike of both northern and southern lithium pegmatite trends at Prinsep, known for promising rock chip assays reporting high lithium grades. Meter expressed gratitude to the NAC for their swift action in scheduling the heritage survey, highlighting the importance of their partnership as the project progresses. The Program of Works, detailing the exploration and drilling plans, is under review by the Department of Energy, Mines, Industry Regulation and Safety. Accelerate Resources is poised to begin drilling immediately upon receiving the necessary approvals, marking a significant step forward in exploiting the lithium potential at Prinsep.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Accelerate Resources Locks in Heritage Surveys Ahead of Drilling at Prinsep Lithium Project
