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Accelerate Resources Ltd. ( (AU:AX8) ) has issued an announcement.
Accelerate Resources Ltd. has launched a new gold strategy by acquiring a 70% interest in the Kanowna East Gold Project, strategically located near major gold mines in Western Australia. The company aims to capitalize on the proximity to processing plants with toll milling services, enhancing the potential for production from even modest discoveries. A successful capital raise of A$1.35 million will support the exploration activities, with a primary focus on the Kanowna East Gold Project.
More about Accelerate Resources Ltd.
Accelerate Resources Ltd. operates in the mining industry, focusing on gold exploration and acquisition of under-explored projects near established processing plants. The company’s strategy involves transforming new discoveries into producing assets efficiently and cost-effectively.
Average Trading Volume: 1,219,006
Technical Sentiment Signal: Buy
Current Market Cap: A$5.51M
See more data about AX8 stock on TipRanks’ Stock Analysis page.