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Accelerate Resources Limited (ASX:AX8)

ALERT: Price-sensitive ASX Announcement for AX8
Current share price for AX8 : $0.006 0.001 (20%)+
Announcement
Release
24 Aug 2026 9:41AM
Price at Release
$0.005
Full Release
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Summary
Accelerate Resources Limited (ASX: AX8) announced significant results from their maiden reverse circulation (RC) drilling program at the Spencers gold discovery within the Balagundi Gold Project, located near Kalgoorlie, Western Australia. The drilling confirmed a broad zone of gold mineralisation with significant high-grade zones, including an intercept of 11m at 4.65g/t Au from 25m in hole 26BGRC023. The discovery is located on a 300-meter mineralised trend that remains open along strike and depth. The mineralisation is associated with a mappable geological contact between dolerite and sediment, which provides a clear geological target. Future drilling programs are planned to extend the mineralised zone and further investigate the geological structures.
Key Points
  • Maiden RC drilling confirms a broad gold system at Spencers.
  • Intercept of 11m at 4.65g/t Au, including 1m at 46.93g/t Au.
  • Gold mineralisation remains open along strike and depth.
  • Spencers sits on a granted Mining Lease 100% owned by Accelerate.
  • Future drilling will focus on extending and infilling the mineralised zone.
  • Balagundi Gold Project is located 15km east of Kalgoorlie.
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.