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The latest update is out from Accelerate Resources Ltd. ( (AU:AX8) ).
Accelerate Resources Limited has entered into a binding earn-in agreement to acquire up to an 80% interest in the Balagundi Gold Project, located near Kalgoorlie in Western Australia’s Eastern Goldfields. This strategic acquisition enhances Accelerate’s gold exploration portfolio, positioning the company to capitalize on the region’s rich mineral potential. The Balagundi Project, with its historical high-grade gold workings and untested zones, complements Accelerate’s existing Kanowna East Project, creating synergies in exploration operations and infrastructure. This move is part of Accelerate’s broader strategy to establish a highly prospective gold exploration hub capable of fast-tracking future discoveries.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. It is actively involved in consolidating prospective gold exploration projects in the Eastern Goldfields of Western Australia, with a particular emphasis on low-capex, fast-track gold discoveries.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.72M
For detailed information about AX8 stock, go to TipRanks’ Stock Analysis page.