Accelerate Secures Fresh Funding to Advance Exploration Programs
Accelerate Resources Limited (ASX: AX8) has obtained firm investment commitments worth AU$2.0 million through a two-stage share placement aimed at supporting exploration across its gold and manganese assets. The capital will primarily fund upcoming drilling campaigns, gravity surveys, and heritage work at the Balagundi Gold Project and the Woodie Woodie North Manganese Project.
The company is preparing for an active exploration schedule during the remainder of 2026, with several drilling programs and survey results expected over the coming months. Planned activities include RC drilling at key gold prospects and additional exploration work across multiple manganese targets.
Following completion of the placement, Accelerate expects to maintain a solid cash position of approximately AU$3.4 million. Management believes the additional funding will strengthen the company’s ability to progress priority targets and potentially unlock further value from its expanding exploration portfolio.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Accelerate Secures Fresh Funding to Advance Exploration Programs
Accelerate Resources Limited (ASX: AX8) has obtained firm investment commitments worth AU$2.0 million through a two-stage share placement aimed at supporting exploration across its gold and manganese assets. The capital will primarily fund upcoming drilling campaigns, gravity surveys, and heritage work at the Balagundi Gold Project and the Woodie Woodie North Manganese Project.
The company is preparing for an active exploration schedule during the remainder of 2026, with several drilling programs and survey results expected over the coming months. Planned activities include RC drilling at key gold prospects and additional exploration work across multiple manganese targets.
Following completion of the placement, Accelerate expects to maintain a solid cash position of approximately AU$3.4 million. Management believes the additional funding will strengthen the company’s ability to progress priority targets and potentially unlock further value from its expanding exploration portfolio.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au