Accelerate Resources Limited
AX8.AX
Australian Securities Exchange0.01
AUD
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Accelerate Resources Limited
AX8.AX
(Australian Securities Exchange)
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yld
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ROIC.AI
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- Business
- Accelerate Resources Limited Accelerate Resources Limited (ASX:AX8) operates as a mineral exploration company focused on lithium, manganese, gold, and critical minerals in Western Australia. The company holds interests in the Karratha lithium project covering approximately 90 square kilometers in the West Pilbara region; the Woodie Woodie North manganese project spanning 423 square kilometers in the East Pilbara; the Comet gold project comprising five exploration licenses over 220 square kilometers; the East Pilbara lithium project totaling 369 square kilometers; the Kanowna East gold project, in which it owns a 70% stake; and the recently added Balagundi gold project through an earn-in agreement. Founded in 2017 and headquartered at 16 Ord Street, West Perth, Australia, Accelerate Resources targets high-demand metals essential for the clean energy transition, particularly electric vehicles, with projects located near established mining infrastructure for potential efficient export to Asian markets. In recent developments, the company executed a heads of agreement to acquire a 70% interest in the Kanowna East Gold Project from Metal Hawk Limited for AUD 0.21 million and commenced drilling there in June 2025 to test orogenic gold systems; it also entered an earn-in deal in September 2025 for up to 80% of the Balagundi gold project near Kalgoorlie, involving an upfront payment of $45,000, 10 million shares, and $3 million expenditure over 48 months to consolidate its eastern goldfields portfolio.
Small Cap Watch: Small Ordinaries slides as St George, Aurum, Elixir and peers advance resource projects