InvestSMART

Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.005 -0.002 (-28.57%)+
Release
22 Oct 2025 9:32AM
Price at Release
$0.007
Full Release
download
Summary
Accelerate Resources Limited (ASX:AX8) announced high-grade gold results from their exploratory rock chip sampling program at the Balagundi Gold Project, located 15km east of Kalgoorlie in Western Australia. The sampling revealed multiple high-grade gold occurrences, with assays up to 32.9 g/t Au, highlighting significant potential in the largely unexplored area. The project, situated in a premier gold production district, shows continuity in mineralized zones along the Balagundi–Paris Gift line. Planning is underway for the first reverse circulation (RC) drilling, scheduled for late November 2025, as the company aims to explore further gold-bearing veins and structures. Historic data also indicates substantial mineralization in the area, underscoring the project's expansive potential.
Key Points
  • High-grade gold assay results up to 32.9 g/t Au.
  • Potential of Balagundi Gold Project located near Kalgoorlie.
  • Two sub-parallel lodes identified, offering over 2km combined strike.
  • Maiden RC drilling planned for November 2025.
  • Historic data supports multiple high-grade occurrences.
  • Project is close to Northern Star's Kanowna Belle and KCGM Super Pit.
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.