Accelerate Resources Ltd
Accelerate Resources Ltd (ASX:AX8) is listed on the Australian Securities Exchange.
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Accelerate Resources moves to expand cobalt project in Tasmania
Accelerate Resources Ltd (ASX:AX8) has applied for three new exploration licences adjacent to its Mount Read Cobalt project in western Tasmania.
The three new licences cover 282 square kilometres and importantly host prospective lithologies equivalent to the Mount Read Volcanics.
The Mount Read Volcanics host all western Tasmania's significant base and precious metal mines and mineral occurrences.
Several of these mines have been significant producers of base metals for over 100 years.
Earlier this month, Accelerate commenced diamond drilling a large induced polarisation (IP) target at the Thomas Creek prospect within the Mount Read project.
Notably, the target is also located beneath a surface cobalt-copper-gold anomaly.
