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Accelerate Resources Ltd. ( (AU:AX8) ) just unveiled an announcement.
Accelerate Resources Limited has announced a new gold strategy with the acquisition of a 70% interest in the Kanowna East Gold Project, located near Kalgoorlie, Western Australia. This strategic move into a highly prospective gold region underscores the company’s commitment to gold as a key commodity, leveraging proximity to major mines and toll milling infrastructure to potentially expedite production. With gold prices soaring in Australia, Accelerate plans to actively drill significant gold targets and expand exploration, aiming to create near-term value.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is involved in the mining industry, focusing on gold exploration and development. The company is strategically positioned in the Kalgoorlie region, known for its prolific gold deposits, and aims to capitalize on high gold prices with its experienced team.
Average Trading Volume: 1,369,887
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.96M
Learn more about AX8 stock on TipRanks’ Stock Analysis page.
