Accelerate Speeds Up Manganese Strategy
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Accelerate Speeds Up Manganese Strategy

byThe Assay
2 years ago
Reading Time: 3 mins read
Accelerate Speeds Up Manganese Strategy

Begins Exploration of New East Pilbara Manganese Assets

Accelerate Resources Limited (ASX:AX8) has entered into a binding Option Agreement with Pardoo Resources Pty Ltd  and Great Sandy Pty to acquire the Manganese and Iron Ore rights on Ripon Hills and Braeside West projects in the East Pilbara Manganese Field in Western Australia.

The Projects are situated 120km east of Marble Bar within 70km of the Woodie Woodie Manganese Mine and only 250km from the port of Port Hedland.

Managing Director, Yaxi Zhan, said manganese is a critical element used in steel production. The steel industry is poised to continue growing, providing a steady source of demand for manganese. New demand is arising from clean-energy applications. High purity manganese (HPM) is used as a cheaper substitute for cobalt in nickel-cobalt-manganese (NCM) battery cathodes.

He said manganese is increasingly a critical link in the lithium-ion battery supply chain and has been added to the Strategic Minerals stockpile along with cobalt, chrome and molybdenum. There is a high probability of supply disruption from South African production and the wind down of dominant Northern Territory Groote Eyland Manganese Operations. High grade deposits capable of producing lump or fines product with grades in excess of 40% Mn are critical in steel and battery market supply chains.

 “We are excited by the opportunity to explore within a world class region for high grade manganese, a critical mineral for battery and steel production with forecast demand shortfalls. This timely, high value strategy is in a proven yet underexplored area with excellent infrastructure and we believe there is significant opportunity for new discoveries,” Mr Zhan said.

“The company intends to commence prospect definition and field work immediately to define initial drill targets for evaluation.”

The Braeside West Prospect (E45/5854) covers 139 sq. km and also offers the opportunity to identify manganese mineralisation of similar nature to the deposits of the nearby (~80km) Woodie Woodie Mine that mined 41 manganese deposits since 1950 with an average deposit size of 500,000t grading 40% Mn.

The Prospect is also located directly south and along strike of the Baramine (high-grade) manganese mineral occurrences, identified by Shaw River Manganese Limited from 2010- 2014. Shaw River successfully identified both replacement style manganese mineralisation as well as Woodie Woodie “style“ high grade mineralisation with drilling activity close to the northern boundaries of the Project area. This data will be interrogated to seek extensions within the Project area.

The tenement has undergone several exploration phases. Work consisting of Geological mapping, rock chip sampling, VTEM geophysics and drilling has been completed. Jupiter Mines Limited (WAMEX: A090762_E45_2639_2011A_11693517) 1 were the last to work the area with the completion of a VTEM geophysical survey, collection of eight rock chip and geological mapping. The VTEM Survey partially covered the Application area with over 20 untested anomalies found to occur within the Project.

Pilbara Manganese Pty Ltd (WAMEX: A097228_C62_2005_2012A_16004449) also completed a Gravity geophysical survey and a limited five-hole RC drilling program in the application area Consolidated Minerals Limited (WAMEX: A057720) was also active in the area drilling eight Aircore holes. In all cases, manganese mineralisation was identified and Accelerate will look to reprocess that data, ground truth geological finding and validate all data once the Application is granted.

For further information please visit: https://www.ax8.com.au

Tags: ASX:AX8FinanceIron OreManganeseWestern Australia
TweetShareSend
Previous Post

Tombola Gold Delivers Robust Scoping Study For Historic Mines

Next Post

Galway Metals Expands New Discovery

Related Posts

Odessa Minerals Maps Over 56,000m Strike Length of Pegmatites
News

Odessa Minerals Maps Over 56,000m Strike of Pegmatites

byEleanor Laurence - Content Writer, The Assay
26 September, 2023
Wildcat Resources Announces Lithium Discovery at Tabba Tabba
News

Wildcat Resources Confirms Lithium Discovery at Tabba Tabba

byEleanor Laurence - Content Writer, The Assay
18 September, 2023
Future Battery Minerals Raises A$7.6M to Accelerate Exploration
News

Future Battery Minerals Raises A$7.6M to Accelerate Exploration

byEleanor Laurence - Content Writer, The Assay
15 September, 2023
Western Mines Group Reports Carbon Capture Potential at Mulga Tank Project
News

Western Mines Group Reports Carbon Capture Potential at Mulga Tank Project

byEleanor Laurence - Content Writer, The Assay
13 September, 2023
St George Mining Accelerates Lithium, Rare Earths, and Copper Target Exploration at Woolgangie
News

St George Mining Accelerates Lithium, Rare Earths, and Copper Target Exploration at Woolgangie

bySarah Vega - Content Writer, The Assay
11 September, 2023
Magnetic Resources Confirms 50m Thick Gold Rich Breccia and Silica Pyrite Zones
News

Magnetic Resources Confirms Thick Gold Rich Breccia and Silica Pyrite Zones

byEleanor Laurence - Content Writer, The Assay
8 September, 2023
Next Post
Galway Metals Expands New Discovery

Galway Metals Expands New Discovery

ADVERTISEMENT

Popular Articles

  • Mixed Forecasts for 2023 Copper Price Levels

    Mixed Forecasts for 2023 Copper Price Levels

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • Silver: On its Way to Cyclical Highs Through Choppy Waters

    0 shares
    Share 0 Tweet 0
  • US Department of Energy Recognizes Copper as a Critical Mineral for Clean Energy Technologies

    0 shares
    Share 0 Tweet 0
  • OzAurum Resources Acquires Lithium Project, Brazil

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay