The Woodie Woodie North Manganese Project is a large, strategically consolidated manganese landholding located in the East Pilbara region of Western Australia, approximately 240 km east of Port Hedland, and 70 km north of Consolidated Minerals’ operating Woodie Woodie Manganese Mine (Figure 1).

The Project covers approximately 432 km² along the Woodie Woodie Manganese Corridor and hosts multiple large-scale manganese trends extending over 35 km of cumulative strike. Woodie Woodie North is one of the largest undeveloped manganese positions held by an ASX-listed junior explorer and represents a significant source of optionality within Accelerate’s portfolio.

Project Highlights

• Large-scale manganese system across six mapped corridors
• JORC 2012 Inferred Mineral Resource of 1.2 Mt at 19.1% Mn (15% Mn cut-off)
• Exploration Targets of 5.3–10.7 Mt at 10–19% Mn
• Rock chip results up to 57.3% Mn, supporting high-grade DSO potential
• Proximal to world-class manganese mining infrastructure
• Multiple untested corridors with no prior drilling

Geological Setting

Manganese mineralisation at Woodie Woodie North is hosted within Proterozoic sedimentary sequences, primarily the Carawine Dolomite and associated chert units. Mineralisation is structurally controlled and commonly developed along faults, breccia zones and lithological contacts.

The style of mineralisation is consistent with that observed at the nearby Woodie Woodie Mine and other manganese deposits in the district, reinforcing the Project’s regional prospectivity and scalability.

Mineral Resource Estimate

Exploration drilling to date has delivered a maiden Inferred Mineral Resource Estimate (MRE) of 1.2Mt at 19.1% Mn (at a 15% Mn cut-off) and defined Exploration Targets of 5.3–10.7Mt at 10–19% Mn (Figure 2 and Table 1). This work highlights the scale potential of Woodie Woodie North as a high-grade manganese project, with the MRE supported by both historical drilling and Accelerate’s RC drilling campaigns completed in 2022 and 2023 across Barra North (Area 1), Barra South (Areas 3 and 4), and Area 42.

Table 1 – Summary of Mineral Resource Estimate.

Notes:

• The Woodie Woodie North Project inferred mineralisation estimate is based on the November 2023 MRE (JORC 2012) reported on the 30th November 2023 by ERM (formerly CSA). The company annually reviews its material resources at the end of each calendar year as per Clause 15 of the JORC Code 2015. 
• Mineral Resources reported at cut-offs of 15% Mn
• Due to the effects of rounding, the total may not represent the sum of all components.
  

High-Grade Manganese Discovery – 2025

During 2025, Accelerate completed reconnaissance mapping and rock-chip sampling across newly granted tenure at Woodie Woodie North, identifying extensive high-grade manganese mineralisation at surface (Figure 3).

Gingarrigan Manganese Corridor

• Over 1 km of continuous outcropping manganese
• 48 of 65 rock chip samples >40% Mn
• Peak results up to 57.3% Mn
• Confirms widespread high-grade mineralisation suitable for potential DSO pathways

El Largo Manganese Corridor

• Newly identified 3.2 km-long manganese trend
• Interpreted as a strata-bound manganese horizon up to 200 m wide
• Encouraging historic samples >20% Mn
• No prior drilling, representing a significant greenfield opportunity

These results materially enhance the Project’s upside and demonstrate the presence of extensive, near-surface high-grade manganese mineralisation.

Exploration Upside

Woodie Woodie North offers multiple value drivers:

• Large strike extent with minimal drilling coverage
• Strong potential for additional high-grade discoveries
• Optionality for direct shipping ore (DSO) style development
• Proximity to operating manganese infrastructure and export routes

The Project remains underexplored relative to its scale, with several corridors yet to be systematically tested.