With the recent grant of its Barramine tenement, Accelerate Resources has fast tracked the consolidation of the dominant holding it hails as the Woodie Woodie North manganese project within the highly prospective East Pilbara region.
The tenement was granted on 2022 April 14 and covers 101 square kilometres, bringing the explorer’s merged package to 240 square kilometres. The company describes the region as a prospective manganese corridor, noting the ground contains multiple structures with outcrops of manganese mineralisation over a strike of 32km in addition to being close to road, rail and port infrastructure.
Accelerate believes significant exploration upside exists along strike and at depth from numerous drilled prospects and other untested targets across the corridor.
Exploration and resource definition drilling campaigns are slated to start in the next few months.
The company plans to merge the datasets from its overarching project into one, to maximise exploration potential and targeting. It also plans to drill high priority targets over Barramine to delineate resources on key prospects.
Further drilling and verification of historical data will be performed to generate an initial resource estimate from at least one of the previous Barramine target areas.
Most notably, the holding is just 70km north of the high-grade Woodie Woodie manganese mine. That world-class mine is operated by the Perth-based Consolidated Minerals Australia and is capable of churning out a monstrous 1.6 million tonnes of high-grade magnesium ore per annum.
Accelerate is aiming to find its own Woodie Woodie and says its highly prospective corridor hosts multiple targets analogous to the world-class mineral system.
However, Accelerate is not the only one in the area exploring for an analogous high-grade deposit. It is joining ASX-listed Firebird Metals, that holds the surrounding Disraeli and Raggard Hills projects. Firebird was born from the ASX-listed Firefly Resources in December of 2020 and held onto the low-grade Oakover manganese resource during the spinoff.
This places Accelerate in a competitive position amongst our peers as we look forward to developing our project, focusing on exploration and resource definition…
The company’s portfolio is also stacked with gold and lithium throughout Western Australia with its Comet gold project in the Murchison Goldfields and its Pilbara lithium project east of Marble Bar. Management says it will keep its eye out for other battery metal market opportunities as it explores its holdings.
Whilst it may not capture the full spotlight of the electrification revolution –like lithium or nickel, manganese is indeed a critical metal for the rapidly growing battery technology markets. Research from the International Energy Agency suggests the total market size of critical minerals like copper, cobalt, manganese and various rare earth metals will grow almost sevenfold between 2020 and 2030 as the globe marches along the net zero pathway.
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