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Accelerate Resources Ltd. ( (AU:AX8) ) has shared an announcement.
Accelerate Resources Limited has initiated a 10-hole Reverse Circulation drill program at its Kanowna East Gold Project, aiming to explore primary basement-hosted gold systems. The company has refined its drill targets through the processing of historical gravity surveys and multielement geochemistry, enhancing its geological model. A non-dilutive cash injection of $2 million from the sale of a non-core asset has bolstered the company’s financial position, providing a strong cash balance of $2,873,840 at the end of the quarter.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company focused on gold exploration, particularly at the Kanowna East Gold Project near Kalgoorlie, Western Australia. The company targets primary basement-hosted gold systems and utilizes advanced geological modeling and data interpretation to enhance its exploration strategies.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.35M
See more data about AX8 stock on TipRanks’ Stock Analysis page.