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Accelerate Resources 'seeing the smoking gun, continuing search to find the fire'

Accelerate Resources Ltd (ASX:AX8) executive director Andrew Haythorpe catches up with Proactive Investors on the Mount Read Project in Tasmania, where a second phase drill program is underway. 

"In all of the drilling that we've done so far we've found strong indications of mineralisation, be it nickel and cobalt to the North, and copper-gold-cobalt in the Thomas Creek area to the South," says Haythorpe.

An airborne survey is scheduled for December, which will be partly funded by the Tasmanian government under the Exploration Drilling Grant Initiative (EDGI) Program.

Quick facts: Accelerate Resources Ltd

Price: 0.11 AUD

Market: ASX
Market Cap: $15.76 m

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Accelerate Resources drilling for battery metals at Mount Read

Accelerate Resources Ltd (ASX:AX8) executive director Andrew Haythorpe updates Proactive Investors on the gold and cobalt explorer’s drilling program at its Mount Read Cobalt Project in Tasmania. The company has moved a drill rig from the Thomas Creek prospect in order to test a 300-metre...

on 30/8/18

2 min read