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Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.005 0 (0%)+
Announcement
Release
9 Apr 2025 8:17AM
Price at Release
$0.005
Full Release
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Summary
Accelerate Resources Limited has identified three new high-priority exploration targets at the Comet Gold Project following a detailed reassessment of the tenement. This reassessment included field reconnaissance and historic drill data, revealing a prospective Banded Iron Formation (BIF) zone that remains untested. The project is strategically located near significant gold discoveries in the Murchison region, and the company is optimistic about the potential for new gold discoveries. The next steps involve further exploration to optimize resource allocation towards its projects.
Key Points
  • Accelerate Resources Limited identified three new high-priority exploration targets at Comet.
  • The reassessment included field reconnaissance and historic drill data.
  • An untapped Banded Iron Formation (BIF) zone was revealed.
  • The project is located near significant gold discoveries in the Murchison region.
  • The company is optimistic about the potential for new gold discoveries.
  • Next steps involve further exploration to optimize resource allocation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.