Surface high-grade manganese at Braeside West. Source: Accelerate Resources
Market Herald logo


Be the first with the news that moves the market
  • Accelerate Resources (AX8) begins drilling at the Woodie Woodie North project in WA
  • The company will initially drill four manganese targets at the Barramine and Braeside West areas to follow up and extend mineralisation
  • Managing Director Yaxi Zhan says the program is an “important milestone” for the company and marks the first drilling campaign within the project area in a decade
  • Company shares end the day up 3.57 per cent to close at 2.9 cents

Accelerate Resources (AX8) has begun drilling at the Woodie Woodie North project in Western Australia’s Pilbara region.

The company undertook a historical data review which identified seven priority manganese target areas for drilling. The targets were then confirmed by recent fieldwork including mapping, sampling and interpretation of high resolution imagery.

This maiden program will initially drill four of the seven identified targets for between 3000 and 4000 metres.

Three of the target areas can be found within the Barramine project area and will aim to follow up on known hydrothermal mineralisation as well as to extend mineralisation along strike.

Drill results from these three areas will assist with completing a JORC-compliant mineral resource estimate.

Additionally, one target will be drilled at the Braeside West project area to follow-up near surface manganese outcrop and historical intersections to define extensions of manganese mineralisation along strike and at depth.

Managing Director Yaxi Zhan said this getting this drilling program underway is an “important milestone” for the company.

“We are the first company to consolidate the project area and create a continuous 33-kilometre corridor within the world-class manganese province. This is the first drilling campaign within the project area in a decade,” Mr Zhan said.

Company shares ended the day up 3.57 per cent to close at 2.9 cents.

AX8 by the numbers
More From The Market Herald
Mt Monger Resources (ASX:MTM) - Managing Director, Lachlan Reynolds

" Mt Monger Resources (ASX:MTM) intersects broad REE mineralisation at Pt Kidman

Mt Monger Resources (ASX:MTM) has intersected broad rare earth element (REE) mineralisation at the Pt Kidman…

" Invex Therapeutics (ASX:IXC) receives FDA approval for third-phase Presendin clinical trial

Invex Therapeutics (ASX:IXC) has been given the tick of approval in the US for the development…
The Market Herald Video

" Parabellum Resources (ASX:PBL) eyes $3.9m for Khotgor project, Mongolia

Parabellum Resources (ASX:PBL) taps investors for $3.9 million to fund its work program in both Mongolia…
The Market Herald Video

" R3D Resources (ASX:R3D) to recommence Zeehan zinc slag/matte exports

R3D Resources (ASX:R3D) has been granted permits to recommence exports from its Zeehan zinc slag/matte project…