InvestSMART

Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.005 -0.001 (-9.09%)+
Announcement
Release
13 Aug 2026 9:24AM
Price at Release
$0.006
Full Release
download
Summary
Accelerate Resources Limited (ASX: AX8) reported the identification of over 200 manganese outcrops in the Gingarrigan–El Largo area, mapping 9.7 hectares of mineralized manganese exposure. High-grade mineralization was confirmed at the Rancor and Wampa prospects with rock-chip assays showing grades up to 58.4% Mn. The Wampa prospect is situated along the El Largo trend, where exploration licence application E45/7201 is pending. A maiden RC drilling program is scheduled at Gingarrigan in September 2026, supported by a fault-hosted manganese model and a high-resolution ground gravity survey. Additionally, metallurgical diamond drilling at Area 42 is planned to assess development pathways.
Key Points
  • Accelerate Resources Limited (ASX: AX8) identifies over 200 manganese outcrops across the Gingarrigan–El Largo area.
  • High-grade manganese mineralization identified at Rancor and Wampa prospects with rock-chip assays showing up to 58.4% Mn.
  • The mapped manganese outcrop area covers approximately 9.7 hectares.
  • Wampa prospect located on the El Largo trend within exploration licence application E45/7201.
  • Planned maiden RC drilling program at Gingarrigan to commence in September 2026.
  • Structural interpretation supports a fault-hosted manganese model.
  • Metallurgical diamond drilling at Area 42 is scheduled for late August 2026.
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.