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Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.005 -0.002 (-28.57%)+
Announcement
Release
13 Feb 2026 8:17AM
Price at Release
$0.007
Full Release
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Summary
Accelerate Resources Limited announced the discovery of a new gold trend, named the Delta Trend, at their Balagundi Project through Phase 1 aircore drilling. This new north-west trending gold structure was identified beneath transported cover and shows significant gold mineralisation. The drilling program revealed gold intercepts extending over 150 metres, with promising results like 8m at 0.4 g/t Au from surface and 1m at 1.47 g/t Au at the end of a hole. The results indicate potential for a broader gold system, prompting a Phase 2 drilling program to further evaluate the continuity and extent of this trend.
Key Points
  • Discovery of new NW-trending gold structure at Balagundi.
  • Aircore drilling confirms mineralisation over 150m.
  • Significant gold intercepts include 8m at 0.4 g/t Au.
  • Phase 2 drilling to assess continuity of Delta Trend.
  • Potential wider continuous structural corridor suggested.
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.