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Accelerate Resources Ltd. ( (AU:AX8) ) has issued an announcement.
Accelerate Resources Limited has commenced drilling at its Balagundi Gold Project near Kalgoorlie, Western Australia. The initial Reverse Circulation (RC) drilling phase targets high-grade gold zones along the Paris Gift trend, with plans for further Aircore drilling in December. This exploration aims to enhance geological understanding and expand the potential of the Balagundi gold camp, contributing to the company’s growth strategy in gold exploration. The results from this drilling will guide future RC and diamond drilling campaigns planned for 2026, with the potential to discover significant gold deposits.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary market focus is on gold exploration, particularly in Western Australia, where it seeks to identify and develop high-grade gold targets.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.82M
For detailed information about AX8 stock, go to TipRanks’ Stock Analysis page.