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Accelerate Resources Ltd.
(Sydney:AX8)
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Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:10/06/26
The score is held down primarily by weak financial performance—minimal/inconsistent revenue, deep losses, and sustained negative operating/free cash flow—despite a low-debt balance sheet. Technical signals are unavailable (neutral impact), and valuation is difficult to support given losses and no dividend yield.
Positive Factors
Low leverage
Very low leverage reduces mandatory financing burdens and preserves flexibility for an exploration company whose projects may require staged investment. With limited debt relative to equity, Accelerate Resources has greater capacity to manage funding decisions without substantial interest or refinancing pressure.
Negative Factors
Minimal and inconsistent revenue
Revenue is too small and inconsistent to demonstrate a dependable operating base, limiting internal funding for exploration and corporate costs. The absence of sustained revenue also leaves results heavily dependent on future discoveries, transactions, or additional external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces mandatory financing burdens and preserves flexibility for an exploration company whose projects may require staged investment. With limited debt relative to equity, Accelerate Resources has greater capacity to manage funding decisions without substantial interest or refinancing pressure.
Read all positive factors
Accelerate Resources Ltd. (AX8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.33M
Dividend YieldN/A
Average Volume (3M)886.88K
Price to Earnings (P/E)―
Beta (1Y)2.36
Revenue GrowthN/A
EPS Growth-3000.00%
CountryAU
Employees53
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,466,188,700
10 Day Avg. Volume688,403
30 Day Avg. Volume886,884
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.42
Price to Sales (P/S)114.39
P/FCF Ratio-1.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Accelerate Resources Ltd. Business Overview & Revenue Model
Company Description
Accelerate Resources Limited operates as a mineral exploration enterprise, actively seeking resources across Canada and Western Australia. The company's primary focus is on discovering deposits of manganese, gold, and lithium. Its portfolio includ...
How the Company Makes Money
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Accelerate Resources Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 41.34K | 0.00 | 51.31K | 0.00 | 1.50K |
| Gross Profit | 41.34K | -74.77K | 51.31K | -10.79K | -703.00 |
| EBITDA | -910.36K | -1.73M | -2.60M | -2.30M | -1.22M |
| Net Income | -2.93M | 265.75K | -2.63M | -2.31M | -1.22M |
Balance Sheet | |||||
| Total Assets | 11.72M | 12.80M | 12.69M | 8.03M | 6.69M |
| Cash, Cash Equivalents and Short-Term Investments | 1.83M | 2.87M | 1.95M | 2.04M | 2.31M |
| Total Debt | 103.54K | 177.65K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 477.40K | 569.73K | 927.76K | 421.23K | 330.02K |
| Stockholders Equity | 11.24M | 12.23M | 11.76M | 7.61M | 6.36M |
Cash Flow | |||||
| Free Cash Flow | -3.10M | -2.28M | -3.45M | -3.52M | -1.83M |
| Operating Cash Flow | -1.04M | -1.38M | -1.67M | -1.12M | -792.38K |
| Investing Cash Flow | -2.03M | 1.10M | -1.79M | -1.95M | -1.04M |
| Financing Cash Flow | 1.87M | 1.20M | 3.37M | 2.79M | 2.91M |
Accelerate Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$7.33M | -1.61 | -26.18% | ― | ― | -3000.00% | |
44 Neutral | AU$5.27M | -6.67 | -11.68% | ― | ― | 71.88% | |
42 Neutral | AU$5.65M | -0.65 | -190.91% | ― | ― | 7.95% | |
37 Underperform | AU$5.18M | -1.28 | -5360.07% | ― | ― | 5.39% |
* Basic Materials Sector Average
AU:AX8
Accelerate Resources Ltd.
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―
―
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Accelerate Resources Ltd. Corporate Events
Accelerate Resources Seeks ASX Quotation for 55 Million New Shares
Oct 1, 2026
Accelerate Resources Ltd. has applied to the ASX for quotation of 55 million new ordinary fully paid shares under its existing AX8 ticker, with an issue date of October 1, 2026. The expanded share base is expected to provide additional capital fle...
Accelerate Resources Files Appendix 4G, Confirms ASX Governance Compliance
Sep 30, 2026
Accelerate Resources Ltd has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is available on its website, in line with ASX Listing Rule 4.10.3. The statement, current as at 29 September 202...
Accelerate Resources Details Board-Led Governance Framework
Sep 30, 2026
Accelerate Resources Ltd. has outlined its corporate governance framework, emphasising adherence to the ASX Corporate Governance Principles and Recommendations and a commitment to high standards of transparency and accountability. The Board, chair...
Accelerate Resources Plans Major Share Placement to Boost Funding
Sep 28, 2026
Accelerate Resources Ltd. has announced a proposed placement of up to 55,000,000 ordinary fully paid shares, with an expected issue date of 2 October 2026. The capital raising, disclosed via an Appendix 3B filing to the ASX, signals the company...
Accelerate Resources Secures Full Control of Woodie Woodie North Manganese Project
Sep 28, 2026
Accelerate Resources has executed binding agreements to consolidate 100% ownership of its 432km² Woodie Woodie North high-grade manganese project in the East Pilbara, Western Australia. The deals remove vendor milestone payments, royalties an...
Accelerate Resources Plans Large Performance Rights Issue
Sep 10, 2026
Accelerate Resources Ltd., an ASX-listed resources company trading under the code AX8, operates in Australia’s mining and exploration sector. Its business model relies on capital market access and equity-linked incentives to support ongoing ...
Accelerate Resources Plans Rebrand to Mango Metals and Director Incentive Issue
Sep 10, 2026
Accelerate Resources Limited plans to seek shareholder approval at its upcoming Annual General Meeting to change its name to Mango Metals Limited as part of a broader rebranding effort. The new name is intended to better reflect the company’...
Accelerate Resources Strikes High-Grade Gold at Balagundi’s Spencers Prospect
Aug 24, 2026
Accelerate Resources has reported strong assay results from its maiden reverse circulation drilling program at the Spencers gold discovery within the Balagundi Project, 15km east of Kalgoorlie. The program confirms a broad gold system extending be...
Accelerate Resources’ Gravity Survey Sharpens Manganese Drill Targets at Woodie Woodie North
Aug 10, 2026
Accelerate Resources has completed a high-resolution ground gravity survey over the Gingarrigan and El Largo corridors at its Woodie Woodie North Manganese Project, revealing a network of structures coinciding with numerous mapped manganese outcro...
Accelerate Resources Director Increases Indirect Shareholding via Placement
Jul 9, 2026
Accelerate Resources has disclosed a change in director Richard Hill’s indirect interests, following his participation in a recent company share placement. Through nominee and superannuation structures, Hill acquired 5 million fully paid ord...
Accelerate Resources Director Increases Indirect Shareholding via Placement
Jul 9, 2026
Accelerate Resources has disclosed a change in director Mark Thompson’s interests following his participation, via associated entities, in a company placement approved by shareholders on 6 July 2026. Through Lateral Minerals Pty Ltd as trust...
Accelerate Resources Director Increases Stake Through Share Placement
Jul 9, 2026
Accelerate Resources has reported a change in the shareholding of director Grant Mooney, following his participation in a recent share placement approved by shareholders. Mooney acquired 4,000,000 ordinary shares for $20,000, increasing both his d...
Accelerate Resources Issues 160 Million New Shares Under Placement
Jul 9, 2026
Accelerate Resources Ltd. has issued 160,000,000 fully paid ordinary shares at $0.005 per share under a previously announced placement, expanding its capital base to support corporate and project funding needs. The new shares were issued without a...
Accelerate Resources Seeks Quotation for 160 Million New Shares on ASX
Jul 9, 2026
Accelerate Resources Ltd. has applied for quotation of 160 million ordinary fully paid shares on the Australian Securities Exchange, with the new securities to be issued on July 10, 2026. The additional quotation, lodged via an Appendix 2A, expand...
Accelerate Resources Secures Shareholder Backing for Capital-Raising Resolutions
Jul 6, 2026
Accelerate Resources Limited, listed on the ASX as AX8 and based in West Perth, operates in Australia’s resources sector with a focus on mining and exploration activities financed through equity capital raisings. The company adheres to ASX g...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.