Karratha Lithium Projects

The Karratha Lithium Projects are situated within the emerging 40km long hard-rock lithium belt between Karratha and Roebourne, 1,500km north of Perth within the tier 1 mining jurisdiction of the West Pilbara. This belt hosts the Andover lithium discovery (ASX: AZS MCap ~ $1.6Bn) with a number of other ASX listed companies actively exploring the belt.

The Karratha Lithium Projects comprise circa 90km2 of prospective ground with the Prinsep Lithium Project being the most advanced opportunity. “Walk up” drill targets have been identified with access to mining services, workforce and major infrastructure in the nearby mining centres of Karratha, Dampier and Roebourne.

Karratha Lithium Projects location map and regional geology (GSWA 1:500,000 Bedrock Geology).

The Prinsep Lithium Project hosts the priority drill target within Accelerates broader Karratha Lithium Projects. Accelerates exploration team has identified at least two parallel zones of spodumene-rich, lithium-bearing pegmatite spanning the width of the Prinsep tenement area.

Outcropping pegmatites and rock chip sample results from the Prinsep Lithium Project

The Northern Pegmatite System outcrops over a strike length of 1,800m, including an individual outcropping pegmatite body which is up to 60m wide and persists over 1,200m of strike. To the east this trend diverges into a series of dykes which are mappable for a further 500m of strike. The western extent of this Northern System is also inferred to extend a further 300m beneath shallow alluvium; suggesting a combined strike of the Northern System of potentially 2,000m. The Southern Pegmatite System is defined by multiple sheared dykes occurring within a zone up to 50m wide

Rock chip assay results returned up to 2.06% Li2O from the Southern Pegmatite System and 1.63% Li2O from the Northern Pegmatite System. These mineralised zones represent a new lithium discovery 15km from Karratha. Planning and permitting is currently underway for a maiden shallow drilling program at Prinsep.

Coarse grained spodumene in pegmatite (left) and under UV light (right) from Prinsep Project. Spodumene at Prinsep fluoresces orange/red under UV light.

Lithium mineralised pegmatite outcrops at Prinsep.