Accelerate Resources Successful in Application for Exploration Drilling Grant in Tasmania

Accelerate Resources (ASX:AX8) has announced that it has been advised by Mineral Resources Tasmania that the company’s application to participate in the EDGI program for 2018/2019 has been successful and Accelerate has been approved for co-funding of up to AU$140,000 towards future drilling programs and helicopter support at Thomas Creek and Henrietta prospects.

The EDGI program is preferentially funding high quality, technically and economically sound “greenfields” projects that promote innovative exploration or new exploration concepts and technology.

As highlighted in the press release:

• Accelerate Resources to receive Government co-funding of AU$140,000 towards future drilling and helicopter support at Thomas Creek and Henrietta prospects
• The Co-funded Government – Industry Drilling Program is being funded for the first time by the Tasmanian State Government, through the Exploration Drilling Grant Initiative (EDGI)
• The Co-funding aims to provide a stimulus to greenfields exploration for all commodities in Tasmania

Click here to read the full Accelerate Resources (ASX:AX8) press release.