Accelerate Resources Limited announced a project-wide evaluation has identified multiple corridors of manganese mineralisation within the central part of the Project that demonstrate the potential for structurally controlled large tonnage mineralisation at its Woodie Woodie North Manganese Project in Western Australia. Based on an evaluation of the distribution of manganese outcrops, structural domains interpreted from high resolution imagery, regional and historic geophysical data (magnetic, gravity and dipole- dipole induced polarisation (DDIP) datasets), and a recent project-wide heli-bourne mapping program, Accelerate has identified corridors of manganese mineralisation linked to major reverse faults and the linking structures formed between them. This form of mineralisation is characteristic of the Woodie Woodie Mine Corridor.

Five significant manganese corridors are shown in the shaded grey areas in Figure 2. Gum Creek and Parsons Creek corridors are the largest and are under explored. These corridors represent persistently mineralised trends that are analogous to the mineralisation at the Area 42 discovery and are extensions of the world class Woodie Woodie Mine Corridor to the south. What is most exciting is the scale and the underexplored nature of these mapped mineralised zones within the highly prospective geological setting.

Planning for maiden drilling of these high priority targets is underway. Consolidated Minerals' Woodie Woodie mine is a world-class high-grade manganese producer, well-known for its premium high-grade low-impurity Manganese product for the last 50 years. In 2007, it was sold to Ukrainian owned Palmary Group company for $A1.3 billion.

Current owner since 2017 is the Chinese owned TMI Group. The Woodie Woodie Mine Corridor, as per Figure 4 below, is a cluster of high-grade fault-hosted manganese deposits, over an area of approximately 3.5 km wide and extending for some 15 km along strike from Radio Hill in the north to Lox mine in the south. The manganese deposits are predominantly hydrothermal in origin with a late supergene overprint.

The orebodies range in size from 0.2 Mt to 5.5 Mt with an average of 0.5 Mt. Historically, more than 56 deposits and over 35 Mt of high-grade manganese have been mined within the Woodie Woodie Mine Corridor (Jones et al, Ore Geology Reviews 50, 2013). Large- sized deposits, such as Bells, Chris D and Greensnake with resources in the order of 5 Mt are intimately related to NNW fault lines and the intense hydrothermal alteration of the host dolomite.

Below is a table comparing the Company's Woodie Woodie North Manganese project which is 70km north of the Woodie Woodie mine along the same system of NNW trending structures. The 2023 drilling campaign will target both high-grade structurally controlled mineralization and the supergene enriched surface caps for Direct Shipping Ore (DSO) style mineralization.