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An announcement from Accelerate Resources Ltd. ( (AU:AX8) ) is now available.
Accelerate Resources has ramped up exploration at its Balagundi Gold Project near Kalgoorlie after executing an earn-in agreement, completing maiden reverse circulation and reconnaissance aircore drilling at the Paris Gift structure and generating multiple high-grade rock chip results, including 29.2 g/t gold at the Fluffy Gorilla prospect. The company has also expanded its Balagundi footprint via an earn-in over the Iron Bound prospect, strengthened its cash position to $2.4 million to fund further drilling, and reported exceptional manganese rock chip grades and a newly defined 3.2km El Largo Corridor at Woodie Woodie North, collectively setting up a drilling-intensive first quarter and enhancing the exploration upside across its gold and manganese portfolio.
The most recent analyst rating on (AU:AX8) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Accelerate Resources Ltd. stock, see the AU:AX8 Stock Forecast page.
More about Accelerate Resources Ltd.
Accelerate Resources Ltd. is an ASX-listed exploration company focused on gold and manganese projects in Western Australia, with key assets including the Balagundi Gold Project near Kalgoorlie and the Woodie Woodie North manganese project. The company targets high-grade precious and battery metals, positioning itself to benefit from demand in both traditional gold markets and emerging energy-transition supply chains.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.07M
Find detailed analytics on AX8 stock on TipRanks’ Stock Analysis page.