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Accelerate Resources Ltd. ( (AU:AX8) ) just unveiled an announcement.
Accelerate Resources has resumed reverse circulation drilling at the Iron Bound prospect within the Balagundi Gold Project, planning about 800 metres of drilling to test down-dip extensions beneath historic gold workings along a highly prospective structural corridor. Following this program, the rig will return to the Paris Gift Trend for up to 800 metres of follow-up drilling to extend and infill a newly identified gold shoot, particularly in the shallow oxide zone, while a GAIP geophysical survey at the Fluffy Gorilla target and a forthcoming aircore program underpin a strong near-term exploration pipeline aimed at supporting a potential maiden gold resource at Balagundi by the end of 2026.
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 Australian mineral exploration company focused on gold projects in Western Australia, including the Balagundi Gold Project east of Kalgoorlie. The company targets structurally controlled gold systems within mafic and sedimentary rock corridors, with an emphasis on advancing prospects such as Iron Bound and the Paris Gift Trend toward potential resource definition.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.07M
See more insights into AX8 stock on TipRanks’ Stock Analysis page.