Accelerate Resources (ASX:AX8) executive director Andrew Haythorpe speaks to Proactive Investors about operations since the company listed on the ASX in February, following an oversubscribed initial public offering (IPO).
Diamond drilling is underway on multiple targets around the Thomas Creek prospect at the Mount Read Cobalt-Copper Project in Western Tasmania, with EM studies planned to follow, to inform future exploration efforts. Two nickel-cobalt prospects 15 kilometres north of Thomas Creek are also slated to be drilled as part of the current program.
"Basically [Mount Read] ticks all the boxes. Ironically, because it’s South of the harbor, access is difficult, so that's why it's still sitting there 140 years after initial discoveries were made on the West Coast of Tasmania. So, whilst it takes time for us to establish ourselves, we're well on that pathway… The significance for us at Thomas Creek is not only have we got all the great geology and mineralisation, etc, and now multiple targets: it's at surface. You can literally go out there with a shovel, as we did last year, and dig straight into ore-grade material,” says Haythorpe.