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Accelerate Resources Ltd. ( (AU:AX8) ) has shared an announcement.
Accelerate Resources Limited has commenced a high-impact drilling program at its Kanowna East Gold Project, located 25 kilometers northeast of Kalgoorlie. The program aims to explore basement-hosted gold targets at the Western Tiger and Little Lake Prospects, leveraging structural complexity and geophysical modeling to identify potential gold-bearing systems. With a strong cash position of approximately $3 million, the company is well-funded to maintain its strategic exploration momentum, potentially enhancing its positioning in the gold exploration industry.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company engaged in the exploration of mineral resources, primarily focusing on gold projects. The company is involved in identifying and developing gold systems, with a significant market focus on the Kalgoorlie region in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.9M
Find detailed analytics on AX8 stock on TipRanks’ Stock Analysis page.