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An update from Accelerate Resources Ltd. ( (AU:AX8) ) is now available.
Accelerate Resources Limited has announced an earn-in agreement to acquire up to an 80% interest in the Iron Bound Prospect, part of the Balagundi Gold Project near Kalgoorlie. This strategic expansion includes a granted mining lease, which will enhance Accelerate’s exploration capabilities in a highly prospective gold corridor. The addition of the Iron Bound Prospect, with its historic gold workings, strengthens the company’s position in the emerging gold district and provides a streamlined path to potential development. Accelerate plans to integrate the new prospect into its ongoing exploration programs, aiming to fast-track any discoveries and advance towards drilling and mining operations.
More about Accelerate Resources Ltd.
Accelerate Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in expanding its holdings and exploration activities in the Balagundi Gold Project, located near Kalgoorlie, Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.79M
For an in-depth examination of AX8 stock, go to TipRanks’ Overview page.