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Accelerate Resources Ltd. ( (AU:AX8) ) has issued an announcement.
Accelerate Resources Limited has commenced field exploration at its newly acquired Kanowna East Gold Project, holding a 70% interest. This project is a critical part of Accelerate’s strategy to discover new gold deposits in the prolific Kalgoorlie region. The initial focus is on identifying sources of significant historic gold intercepts, with plans for detailed mapping and geochemical sampling in March 2025, and drilling in Q2 2025. The project’s proximity to established processing plants enhances the potential for rapid advancement into production, indicating a promising future for Accelerate’s operations and its stakeholders.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is engaged in the exploration and development of mineral resources, primarily focusing on gold exploration. The company is strategically positioned in the Kalgoorlie gold region of Western Australia, an area known for its rich gold deposits. Accelerate’s market focus includes targeting highly prospective but underexplored areas with significant discovery potential, aiming to advance discoveries into production cost-effectively.
YTD Price Performance: -9.09%
Average Trading Volume: 1,218,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.87M
For detailed information about AX8 stock, go to TipRanks’ Stock Analysis page.
