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Accelerate Resources Ltd.
(Sydney:AX8)
Accelerate Resources Ltd. (AX8) vs. S&P 500 (SPY)
Accelerate Resources Ltd. Business Overview & Revenue Model
Accelerate Resources Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 51.31K | 0.00 | 1.50K | 110.32K | 66.83K | Gross Profit |
| 51.31K | -10.79K | -703.00 | 104.30K | 40.32K | EBIT |
| -2.31M | -1.10M | -1.09M | -1.69M | -726.08K | EBITDA |
| -2.60M | -2.30M | -1.22M | -3.37M | -1.48M | Net Income Common Stockholders |
| -2.63M | -2.31M | -1.22M | -3.37M | -1.51M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.95M | 2.04M | 2.31M | 1.23M | 156.61K | Total Assets |
| 12.69M | 8.03M | 6.69M | 3.78M | 3.53M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -1.95M | -2.04M | -2.31M | -1.23M | -156.61K | Total Liabilities |
| 927.76K | 421.23K | 330.02K | 143.87K | 186.15K | Stockholders Equity |
| 11.76M | 7.61M | 6.36M | 3.64M | 3.34M |
| Cash Flow | Free Cash Flow | |||
| -3.45M | -3.52M | -1.83M | -1.04M | -1.01M | Operating Cash Flow |
| -1.67M | -1.12M | -792.38K | -637.22K | -673.32K | Investing Cash Flow |
| -1.79M | -1.95M | -1.04M | -816.05K | -136.58K | Financing Cash Flow |
| 3.37M | 2.79M | 2.91M | 2.53M | 283.27K |
Accelerate Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | $1.95B | -1.59 | -21.99% | 3.77% | 0.61% | -27.45% | |
48 Neutral | AU$63.92M | 4.38 | -89.23% | ― | ― | -297.36% | |
46 Neutral | AU$55.25M | ― | -6.55% | ― | ― | -50.00% | |
45 Neutral | AU$2.51M | ― | -84.45% | ― | -100.00% | 74.74% | |
44 Neutral | AU$5.51M | ― | -19.32% | ― | ― | 47.46% |
Accelerate Resources Ltd. Corporate Events
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.
Accelerate Resources Limited has announced the identification of high-impact gold targets at its Kanowna East Gold Project near Kalgoorlie, Western Australia. The company plans to commence drilling in the second quarter of 2025, following advancements in geological interpretation and strategic data analysis. These efforts have led to the definition of significant new high-priority gold targets, including extensions to paleochannel gold and potential bedrock sources. This development is part of a broader strategy to enhance the potential for gold discovery and strengthen the company’s position in the gold exploration sector.
Accelerate Resources Ltd. announced significant progress at its Comet Gold Project in Western Australia’s Murchison Goldfield, with the granting of a key exploration license expanding its control over a highly prospective area. The company has identified three new high-priority gold exploration targets, leveraging recent discoveries in the region and highlighting the project’s potential for further gold discoveries, which could enhance its position in the gold mining sector.
Accelerate Resources Ltd. has announced a General Meeting to be held on May 9, 2025, in West Perth, where shareholders will vote on several resolutions related to the ratification and approval of the issuance of placement shares. The meeting will address the ratification of previously issued shares and the approval of new share issuances to specific individuals, including Mr. Luke Meter, Mr. Mark Thompson, Mr. Richard Hill, and Mr. Grant Mooney. These resolutions are significant as they pertain to the company’s capital structure and shareholder interests.
Accelerate Resources Ltd. has announced a new issuance of 40,434,780 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AX8. This move is likely to impact the company’s market presence and could influence investor perceptions by potentially increasing liquidity and capital for future operations.
Accelerate Resources Limited has released its consolidated interim financial report for the half-year ending December 31, 2024. The report provides insights into the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s financial health and operational efficiency during the period.
Accelerate Resources Ltd. announced the cessation of certain securities, specifically options that expired without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
Accelerate Resources Ltd. has initiated a comprehensive review of its Comet Gold Project following a high-grade gold discovery at Caprice Resources’ nearby Island Gold Project. The review aims to evaluate the gold prospectivity of the Comet site, building on past successes and focusing on Banded Iron Formation mineralization. The outcome of this review will guide future exploration activities, including potential drilling campaigns to assess further gold targets, potentially enhancing Accelerate’s operations and industry positioning.
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.
Accelerate Resources Ltd announced the issuance of 125,000,000 ordinary fully paid securities, which are to be quoted on the ASX. This move is part of a previously announced transaction and signifies a significant development in the company’s operational strategy, potentially affecting its market position and stakeholder interests.
Accelerate Resources Ltd. has issued 125 million fully paid ordinary shares at $0.01 each to professional and sophisticated investors, expanding its capital base under its existing placement capacity. This move underscores the company’s ongoing strategic efforts to strengthen its financial position and enhance its market capabilities, potentially impacting its operational dynamics and investor confidence.
Accelerate Resources Limited announced an amendment regarding the release date of escrowed securities, which now will be released on 11 February 2025 instead of the previously announced 10 February 2025. This release involves ordinary shares and performance shares issued as part of the acquisition of Mt Sholl Holdings and its lithium projects, reflecting the company’s strategic moves in the resource sector.
Accelerate Resources Ltd has announced the release of several fully paid ordinary and performance shares from escrow, scheduled for February 10, 2025. These shares were initially issued as part of the acquisition deal for Mt Sholl Holdings and its lithium projects, indicating a strategic focus on expanding their lithium asset base.
Accelerate Resources Limited announced the resignation of Director Yaxi Zhan, effective January 31, 2025. This notice outlines Zhan’s interests in the company’s securities, including direct ownership of 4,754,453 ordinary shares and indirect interests through EMPF Investment Pty Ltd, which includes additional shares, unlisted options, and performance rights. The resignation may have implications for the company’s governance structure and investor confidence, potentially affecting its market strategy and stakeholder relations.
Accelerate Resources Limited has announced a strategic move to acquire a 70% interest in the Kanowna East Gold Project near Kalgoorlie, Western Australia, marking a significant step in their new low-cost gold strategy aimed at acquiring under-explored regions with proximity to processing facilities. The company has also raised $1.35 million to expedite exploration activities and identified lithium-bearing minerals at its Mt Sholl East Project, enhancing its potential beyond the Prinsep Lithium Project.
Accelerate Resources Ltd. has announced a new placement involving the proposed issue of 10 million ordinary fully paid securities, scheduled for issuance on April 30, 2025. This initiative is likely to enhance the company’s capital base, potentially strengthening its position in the mineral resources sector and providing additional funding for its ongoing and future projects.
Accelerate Resources Limited has announced a proposed issue of 125,000,000 ordinary fully paid securities, with the issue date set for February 10, 2025. This move is part of the company’s strategy to enhance its financial capacity, potentially impacting its operations by providing the necessary capital for ongoing and future projects, thereby strengthening its position in the resources industry and offering implications for stakeholders regarding growth prospects.
Accelerate Resources Limited (ASX: AX8) has announced a trading halt on its securities as it prepares to make an important announcement regarding a capital raising. The halt is expected to remain until the announcement is made or until normal trading resumes on January 31, 2025. This move is part of the company’s strategic operations, which could potentially impact its market positioning and stakeholder interests.