Accelerate Resources Limited announced that the maiden reconnaissance work at its 100%-owned East Pilbara Lithium Project has confirmed the presence of significant outcrops of pegmatite dykes with the potential for lithium mineralisation. East Pilbara Lithium Project: Accelerate's projects are located in an area of active lithium exploration and discovery, which includes Global Lithium Resources' Archer deposit ~30km north-east and SunMirror AG subsidiary Lithium 1 Pty Ltd.'s Moolyella Project. Based on the lithium pegmatite model successfully employed by other explorers in the immediate region, Accelerate Resources' Mount Creek tenement block lies within the 6km-8.5km zone considered prospective for pegmatite-hosted lithium mineralisation (Goldilocks Zone) surrounding the Moolyella Monzogranite.

Desktop studies identified numerous potential pegmatite intrusion targets within multiple vein/dyke filled cross-cutting structures in the granitic pluton. Bishop Creek Monzogranite and Joorina Grandiorite are both meta-granites with younger felsic intrusions (pegmatite, aplite and granophyre veins). They also contain numerous xenoliths of mafic material as well as numerous mafic dykes.

AX8's recent fieldwork and sampling concentrated on these zones. Ground checks were performed along station tracks with ground traverses to sites of special interest. Only about 35% of the prospective zone within E45/6279 and <5% within E45/6278 were visited.

Main results were: Discovery of four larger bodies of coalesced, overlapping, and stacked pegmatite and aplitic veins and pods at different locations, along with 14 smaller pegmatites. Small individual pegmatite veins and pods were common. Several mafic dykes, an intricate zone of overlapping quartz veins, and numerous occurrences of a late-stage, coarse-grained equigranular micro-pegmatite intruding into the older Bishop Creek Granite were identified along the NW edge of E45/6279.

This zone is similar to the strong structural grain seen at of Global Lithium Resources' Archer Deposit and bordering fault system at the northern end. The interpreted geological and structural setting is similar to Archer Deposit Historical Tin mining operations is evident within the Project area. The results (due in January) from current program will be used to prioritise the targets for follow-up mapping and sampling in early 2023, and to progress to the drilling stage.