Accent Resources (ASX: ACS) is focused on iron ore and gold exploration in Western Australia and Queensland.
Accent Resources (ASX: ACS) has flagged the possibility of a joint venture, farm in and sale, and shared infrastructure scenario with the neighbouring magnetite project at Mt Gibson's (ASX: MGX) Extension Hill for its flagship Magnetite Range, 300 km northeast of Perth.
Any of these outcomes would add significant value to Accent's Magetite Range iron ore project, a 390 million tonne Resource Project. More than 70% of the maiden resource are already in the Indicated category.
E59/875 partly surrounds Mt Gibson Iron Ltd’s Mt Extension Hill project and it would appear that the ironstone formation extends onto the Company’s EL59/875 at the north eastern and south western extremes of the project.