Join our daily newsletter At The Bell to receive exclusive market insights
- Accelerate Resources (AX8) expands its East Pilbara lithium strategy by acquiring the Windi tenement in Western Australia
- The Windi tenement covers a 5-9-kilometre-wide target zone known for its lithium-tantalum mineralisation potential
- AX8 will initiate lithium target generation at Windi using the same model employed by Global Lithium (GL1) at its nearby Archer deposit
- AX8 shares last traded at 2.1 cents
Accelerate Resources (AX8) has expanded its East Pilbara lithium strategy by acquiring the Windi tenement in Western Australia.
Situated on the southeast edge of the Bonney Downs Monzogranite within the Split Rock Suite, the Windi tenement covers a 5-9-kilometre-wide target zone known for its lithium-tantalum mineralisation potential.
While the area has a history of gold discoveries in greenstones, the potential for pegmatite-hosted lithium mineralisation has remained largely untapped.
Accelerate Resources will initiate lithium target generation at Windi using the same model employed by Global Lithium (GL1) at the nearby Archer deposit, which contains 18 million tonnes at one per cent lithium oxide.
Simultaneously, targeting has commenced at the company’s other project, Garden Rock, with planned field mapping and sampling to uncover possible pegmatite-hosted lithium mineralisation for drill testing.
AX8 was last trading at 2.1 cents.
