New Risk • Dec 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). High level of non-cash earnings (28% accrual ratio). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.05m market cap, or US$4.00m). Aankondiging • Dec 09
Accelerate Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9 million. Accelerate Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 180,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing New Risk • Nov 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (28% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.99m market cap, or US$3.22m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Aankondiging • Oct 08
Accelerate Resources Limited, Annual General Meeting, Nov 19, 2025 Accelerate Resources Limited, Annual General Meeting, Nov 19, 2025. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m (AU$64k revenue, or US$42k). Market cap is less than US$10m (AU$7.17m market cap, or US$4.74m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Aankondiging • Jun 30
Accelerate Resources Limited Announces Change of Company Secretary, Effective 1 July 2025 Accelerate Resources Limited announced that Ms. Yaxi Zhan has resigned as Company Secretary, effective July 1, 2025. Mr. Grant Mooney, Non-Executive Director of the Company, will assume the role of Company Secretary. For the purpose of ASX Listing Rule 12.6, the Company confirmed that Mr. Grant Mooney is the primary person responsible for communications between the Company and ASX, effective immediately. New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (AU$64k revenue, or US$41k). Market cap is less than US$10m (AU$6.38m market cap, or US$4.11m). Aankondiging • May 05
An undisclosed buyer acquired 19% stake in Vytas Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8) for approximately AUD 2 million. An undisclosed buyer acquired 19% stake in Vytas Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8) for approximately AUD 2 million on May 5, 2025. The proceeds from this transaction will be directed towards advancing Accelerate Resources Limited's gold exploration activities
An undisclosed buyer completed the acquisition of 19% stake in Vytas Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8) for approximately AUD 2 million on May 5, 2025. Aankondiging • Apr 09
Accelerate Resources Limited Announces Positive Developments At Its 100% Owned Comet Gold Project in the Prolific Murchison Goldfield of Western Australia Accelerate Resources Limited advised of positive developments at its 100% owned Comet Gold Project in the prolific Murchison Goldfield (>20Moz Au endowment) of Western Australia. Project Boost; The company has received notification from the Department of Energy, Mines Industry Regulation and Safety that exploration licence E20/1000 has been granted for an initial term of 5 years. This licence is located just 700m from the Westgold Resources 1.2Mtpa Tuckabianna gold mill and, this hosts several shear zones and banded iron formation ("BIF") targets adjacent to the highly endowed Cundimarra East Shear Zone, host to over 1.2 million ounces of previous gold Production. Following recent high-grade gold discoveries of Caprice Resources and former ASX-listed Musgrave Minerals nearby, Accelerate completed detailed reassessment of the tenement including field reconnaissance. This work has identified three new gold targets within interpreted trends of the nearby discoveries. New Gold Targets; Following a detailed review initiated on 24 February 2024 Accelerate has identified three new high-priority exploration targets at Comet. The review included assessment of historic drill holes and reinterpretation of geophysical data, which led to the identification of an untested and highly prospective BIF zone yet to be effectively drill tested. This discovery highlights the Project's potential for hosting new gold discoveries similar to that of nearby exploration success and operations. Target C1 at Comet East is defined by an intensely folded BIF unit located 400m east of Accelerate's 2020 RC drill program that included 9m at 3.89 g/t Au from 34m (20CORC002), 6m at 1.11 g/t Au from 30m (20CORC003), 6m at 2.29 g/t Au from 44m (20CORC019) and 6m at 1.45 g/t Au from 50m (20COR024)1. Last drilled in the mid 1990's2 with shallow RAB holes averaging 34m depth, the Company identifies exciting potential at depth and within interpreted fold-hinge and deformation zones which can concentrate gold bearing fluids in quartz-carbonate veins and sulphide replacement zones. Target C1 is drill ready subject to heritage clearances. Target C2 & C3 occur where shallow RAB drilling from 1990-2000 defines a North-east trending gold bearing structure parallel to the highly endowed Tuckabianna Shear Zone. Traversing the C2 and C3 Targets is an area of shears as opposed to BIF mineralisation, with ~500m of strike in C2 and 700m of strike in C3. Electrical geophysical surveys will be required to focus drill targets along the structure. New Risk • Apr 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m (AU$64k revenue, or US$38k). Market cap is less than US$10m (AU$3.94m market cap, or US$2.38m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). Aankondiging • Jan 31
Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.35 million. Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 23
Accelerate Resources Limited (ASX:AX8) agreed to acquire 70% stake in Kanowna East Gold Project from Metal Hawk Limited (ASX:MHK). Accelerate Resources Limited (ASX:AX8) agreed to acquire 70% stake in Kanowna East Gold Project from Metal Hawk Limited (ASX:MHK) on January 23, 2025. The consideration consists of 20 million common equity of Accelerate Resources Limited to be issued for assets of Kanowna East Gold Project. As part of consideration, AUD 0.03 million is paid towards assets of Kanowna East Gold Project. Aankondiging • Oct 02
Accelerate Resources Limited, Annual General Meeting, Nov 25, 2024 Accelerate Resources Limited, Annual General Meeting, Nov 25, 2024. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.96m market cap, or US$4.13m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • May 04
High number of new directors Non-Executive Director Mark Thompson was the last director to join the board, commencing their role in the last week. Aankondiging • Apr 30
Accelerate Resources Limited Announces Board Changes, Effective on May 1, 2024 Accelerate Resources Limited announced that Mr. Mark Thompson will join the Board as a Non-executive Director, effective 1st May 2024. Mr. Thompson has over 30 years' experience in the Mineral Industry and is the founder and Managing Director of Talga Group Ltd. where he is highly regarded for establishing world-class innovative battery material processing and development. He has successfully overseen the transformation of TLG from a WA local gold explorer with a market capitalization of $8 million to a $300 million battery and advanced materials company. Mr. Thompson is a member of the Australian Institute of Geoscientists, the Society of Economic Geologists and the Society of Vertebrate Paleontology. As part of the transition of the board, Dr. Steve Bodon will resign effective from 1st of May 2024. Steve has been a valued member of the Board during his tenure with the Company, and the Board wishes him the best for his future endeavors. New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.1m free cash flow). Earnings have declined by 8.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$18.3m market cap, or US$12.0m). New Risk • Jan 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.9m market cap, or US$9.82m). Recent Insider Transactions Derivative • Dec 25
Independent Non-Executive Chairman exercised options to buy AU$86k worth of stock. On the 19th of December, Richard Manners Hill exercised options to buy 2m shares at a strike price of around AU$0.035, costing a total of AU$70k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since June 2023, Richard's direct individual holding has increased from 9.13m shares to 10.13m. Company insiders have collectively bought AU$140k more than they sold, via options and on-market transactions, in the last 12 months. Aankondiging • Dec 06
Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million. Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,400,439
Price\Range: AUD 0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 95,099,561
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 22
Accelerate Resources Limited Announces Chief Executive Officer Changes Accelerate Resources Limited announced the appointment of Luke Meter as Chief Executive Officer, effective from the 1 January 2024. Mr. Meter is a highly credentialed geologist and mining executive with more than 18 years of handson, exploration, development and corporate experience. Mr. Meter has been a key contributor in multiple district scale discoveries and developments including De Grey Mining’s 9.5 Moz Hemi Deposit1 and Dacian Gold’s 1.2 Moz Jupiter deposit. In particular, Mr. Meter has significant experience in the world class Pilbara mining district across a range of commodities including lithium, gold, nickel and copper. Through his leadership roles at De Grey, Novo and most recently Artemis he has accumulated vast local exploration and operational experience and in-depth knowledge of Pilbara geological settings. This includes development of strong stakeholder relationships with local communities and government agencies along with investor relations. Mr. Meter holds a Bachelor of Science degree (BSc) in Geology from the University of Adelaide and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and Australian Institute of Geoscientists (AIG). With the appointment of Mr. Luke Meter, Ms Yaxi Zhan will transition from Managing Director to Executive Director, supporting the incoming CEO and continuing to play an important role in unlocking value and developing partnerships across the portfolio, in particular the Company’s manganese assets. Aankondiging • Nov 11
Accelerate Resources Limited announced a financing transaction Accelerate Resources Limited announced a private placement of 5,105,402 common shares on November 10, 2023. The shares issued will be restricted for 12 months. Aankondiging • Nov 01
Accelerate Resources Limited Completes A High-Resolution Aerial Imagery and Digital Elevation Survey Across the Prinsep Lithium Project Accelerate Resources Limited announced that the Company has completed a high-resolution aerial imagery and digital elevation survey across the Prinsep Lithium Project to assist with identifying additional lithium pegmatites and generation of drill targets. High-resolution aerial imagery has been widely used in the exploration for hard rock lithium deposits to assist with geological mapping, target generation, reporting and general visualisation of the area. The drone survey system used by the Company has a wide range of capabilities to capture aerial imagery and elevation data with a high degree of accuracy. Integration of the enhanced imagery and digital terrain model (DTM) will be used to construct a 3D map view to assist with lithological and structural mapping, delineation of pegmatite outcrops and optimisation of drill targeting. Planned Program. A detailed mapping and follow up sampling campaign, based on the high resolution imagery, will now commence, to define in detail the extents of lithium-bearing pegmatites along the Prinsep north and south trends. Each target will be assessed as to the potential size and continuity of mineralisation in anticipation of a maiden shallow drilling program, which will be conducted as soon as possible following DMIRS Program of Works approval and any heritage clearance approvals. The wider Mt Sholl, Mt Sholl East and Roebourne South Projects will also be mapped for prospective geology and sampled where pegmatites are identified. Along with Prinsep, server of these projects also lie within the highly prospective and active Roebourne - Karratha lithium corridor which hosts the recently discovered Andover Lithium Deposit. These projects have never been systematically explored or drilled for lithium. Kevin Joyce joins the Accelerate Team. Mr. Kevin Joyce has joined the exploration team as Project Manager leading the exploration on the Karratha Lithium Projects. Mr. Joyce is a geologist with over 25 years of experience in the Resources Industry. His previous work experience includes the discovery of the world-class Goulamina Lithium Deposit in Mali, now with a globally significant lithium Mineral Resource of 211Mt @ 1.37% Li2O2. Steve Bodon to transition back to Non-Executive Director from Executive Director- Technical. Due to a strategic change in focus of the Company, Dr. Steve Bodon will transition from Executive Director - Technical to his previous role as Non-Executive Director - Technical from 1 January 2024. Dr. Bodon will continue to provide guidance to the technical team and provide support to the Company going forward. He will be paid a Non-Executive director's fee of $45,000 per annum from 1 January 2024. The terms of the Company's proposed acquisition of Mt Sholl Holdings Pty Ltd., have been revised through the conversion of the upfront and deferred cash amounts payable to the shareholders of Mt Sholl Holdings (Vendors) into the issue of fully paid ordinary shares in the capital of Accelerate (Shares) and Class A Performance Shares to comply with ASX Listing Rule 10.1. Director Grant Mooney has a relevant interest in 47% of the issued capital of Mt Sholl Holdings, however has confirmed that he is not in a position to control Mt Sholl Holdings. The consideration payable by Accelerate for the Acquisition will now comprise: 35,869,565 Shares; 50,217,391 Class A Performance Shares will vest upon the approval of a program of works for a drilling program and the receipt of a heritage clearances on the tenements within 2 years of the date of issue (Milestone); 35 million Class B Performance Shares which will vest upon Accelerate announcing to ASX a drilling intercept (down hole) of at least 20m of at least 20m of no less than 1.0% Li2O on any of the tenements within 3 years of the date of issue; and the date of issue; a 2% NSR. The Initial Consideration Shares and Performance Shares issued to Grant Mooney and his associates will be subject to a 12 month ASX escrow period. Additionally, approximately 80% of the Initial Consideration Shares and the Class A Performance Shares issued to unrelated Vendors will be subject to a 12 month voluntary escrow period. The terms of the Acquisition are otherwise consistent with the initial announcement released on 6 October 2023. The Company intends to convene a General Meeting for shareholders to approve the Acquisition in late January 2024. The Company intends to convene a General Meeting for shareholders to approve the Mt Sholl Transaction in January 2024. New Risk • Oct 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.0m market cap, or US$8.80m). New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.0m market cap, or US$7.02m). Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). Aankondiging • Oct 08
Accelerate Resources Limited (ASX:AX8) has conditionally agreed to acquire Mt Sholl Holdings Pty Ltd from Grant Mooney, Mark Thompson and Philippa Jean Laufmann for AUD 0.83 million. Accelerate Resources Limited (ASX:AX8) has conditionally agreed to acquire Mt Sholl Holdings Pty Ltd from Grant Mooney, Mark Thompson and Philippa Jean Laufmann for AUD 0.83 million on October 6, 2023. Under the terms of agreement, Accelerate Resources will pay initial cash consideration of AUD 250,000, and 25,000,000 of Accelerate Resources shares and deferred Cash Consideration of AUD 350,000 payable upon the approval of a program of Works approval and receipt of a heritage clearances for an initial drilling program on the tenements; 35 million of Class A Performance Shares which will vest upon the approval of a Program of Works approval and receipt of a heritage clearances for and initial drilling program at on the tenements within 2 years of the date of issue; 35 million of Class B Performance Shares which will vest upon Accelerate Resources announcing to ASX a drilling intercept of at least 20m of no less than 1.0% Li2O on any of the tenements within 3 years of the date of issue; 35 million Class C Performance Shares which will vest upon Accelerate Resources announcing to ASX a JORC compliant maiden lithium Resource on the tenements within 5 years of the date of issue and 40 million Class D Performance Shares which will vest upon Accelerate Resources announcing to ASX a minimum 10 million tonne JORC compliant lithium resource within 5 years of the date of issue. The Initial Consideration Shares and Class A Performance shares are subject to a 12 month voluntary escrow period. The transaction is expected to close on November 30, 2023 and is subject to completion of due diligence by Accelerate Resources, receiving valid applications for AUD 3 million under a capital raising transfer of Mt Sholl title to Accelerate Resources, Accelerate Resources receiving shareholder approval and obtaining all necessary regulatory approvals. Aankondiging • Oct 07
Accelerate Resources Limited (ASX:AX8) entered into binding Agreement to acquire 75% stake in Roebourne South and Mt Sholl East Lithium Projects from Welcome Exploration Pty Ltd and Donald Kimberley North for AUD 0.24 million. Accelerate Resources Limited (ASX:AX8) entered into binding Agreement to acquire 75% stake in Roebourne South and Mt Sholl East Lithium Projects from Welcome Exploration Pty Ltd and Donald Kimberley North for AUD 0.24 million on October 5, 2023. Aankondiging • Oct 05
Accelerate Resources Limited, Annual General Meeting, Nov 28, 2023 Accelerate Resources Limited, Annual General Meeting, Nov 28, 2023. Aankondiging • Jul 06
Accelerate Resources Limited Appoints Steve Bodon as Technical Director Accelerate Resources Limited announced its Non-Executive Director Dr. Steve Bodon will take up a new role as the Company's Executive Director - Technical. Dr. Bodon joins the company from Karora Resources, a gold and nickel producer with operations in Western Australia, where he was General Manager of its Higginsville gold operations, and Lakewood gold processing operation in Kalgoorlie. He has previously held senior leadership roles for several large international organizations including Sasol as Assets Manager West Africa, and Anglo American leading specific development and production projects in southern Africa. Dr. Bodon brings strong technical and business leadership skills to the Company, with extensive asset lifecycle experience across exploration, project development and production. Dr. Bodon has a PhD in Economic Geology from the Centre for Ore Deposit Research (CODES), University of Tasmania and has undertaken further training in engineering, business administration and sustainability leadership. Dr. Bodon's transition from Non-Executive Director to Executive Director will strengthen the technical capability of the AX8 Board and is in line with the Company's strategy of developing its Woodie Woodie North Manganese Project towards a JORC-compliant resource in the shortterm, and to become the next Australian manganese producer. Aankondiging • Feb 18
Accelerate Resources Limited Identifies Multiple Corridors of Manganese Mineralization Accelerate Resources Limited announced a project-wide evaluation has identified multiple corridors of manganese mineralisation within the central part of the Project that demonstrate the potential for structurally controlled large tonnage mineralisation at its Woodie Woodie North Manganese Project in Western Australia. Based on an evaluation of the distribution of manganese outcrops, structural domains interpreted from high resolution imagery, regional and historic geophysical data (magnetic, gravity and dipole- dipole induced polarisation (DDIP) datasets), and a recent project-wide heli-bourne mapping program, Accelerate has identified corridors of manganese mineralisation linked to major reverse faults and the linking structures formed between them. This form of mineralisation is characteristic of the Woodie Woodie Mine Corridor. Five significant manganese corridors are shown in the shaded grey areas in Figure 2. Gum Creek and Parsons Creek corridors are the largest and are under explored. These corridors represent persistently mineralised trends that are analogous to the mineralisation at the Area 42 discovery and are extensions of the world class Woodie Woodie Mine Corridor to the south. What is most exciting is the scale and the underexplored nature of these mapped mineralised zones within the highly prospective geological setting. Planning for maiden drilling of these high priority targets is underway. Consolidated Minerals' Woodie Woodie mine is a world-class high-grade manganese producer, well-known for its premium high-grade low-impurity Manganese product for the last 50 years. In 2007, it was sold to Ukrainian owned Palmary Group company for $A1.3 billion. Current owner since 2017 is the Chinese owned TMI Group. The Woodie Woodie Mine Corridor, as per Figure 4 below, is a cluster of high-grade fault-hosted manganese deposits, over an area of approximately 3.5 km wide and extending for some 15 km along strike from Radio Hill in the north to Lox mine in the south. The manganese deposits are predominantly hydrothermal in origin with a late supergene overprint. The orebodies range in size from 0.2 Mt to 5.5 Mt with an average of 0.5 Mt. Historically, more than 56 deposits and over 35 Mt of high-grade manganese have been mined within the Woodie Woodie Mine Corridor (Jones et al, Ore Geology Reviews 50, 2013). Large- sized deposits, such as Bells, Chris D and Greensnake with resources in the order of 5 Mt are intimately related to NNW fault lines and the intense hydrothermal alteration of the host dolomite. Below is a table comparing the Company's Woodie Woodie North Manganese project which is 70km north of the Woodie Woodie mine along the same system of NNW trending structures. The 2023 drilling campaign will target both high-grade structurally controlled mineralization and the supergene enriched surface caps for Direct Shipping Ore (DSO) style mineralization. Aankondiging • Feb 09
Accelerate Resources Limited Reports Encouraging New Results from Its Phase 2 Drilling Campaign At the Woodie Woodie North Manganese Project in Western Australia's Pilbara Accelerate Resources Limited reported encouraging new results from its Phase 2 drilling campaign at the Woodie Woodie North Manganese project in Western Australia's Pilbara. Assay results confirm the presence of large and well developed hydrothermal zones at Area 42, with the potential for substantial manganese resources to be delineated. In Phase 2, AX8 completed 46 holes (2,400 m) to follow up near surface manganese outcrop and historical drill intersections and to define extensions of known manganese mineralisation along strike and at depth. Thirty holes returned good intercepts greater than 3 m above 8.5% Mn. Two large surface slabs of outcropping manganese were shown to be connected and exhibit internal continuity. A substantial mineralised cap measuring 2 m to 7 m in thickness over an area of 120m by 25 m to 35 m in width was discovered to be mineralised. In addition, a triangular zone of deeper mineralisation centred on WNRC059 (which totalled 20 m at 23% Mn) remains open to the NE and represents an excellent target. Significant intervals included: WNRC047 7 m @ 26.4% Mn & 5.7% Fe from surface incl. 4 m @ 28.9% Mn & 6% Fe from surface; WNRC054 5 m @ 33.7 Mn & 13.4% Fe from surface; WNRC059 12 m @ 18.3% Mn & 9.5% Fe from surface and 8 m @ 30.8% Mn, 2.7% Fe from 13 m. The surface outcrops at Nathan's Flat extend over 65 m x 20 m to 25 m along a NNW axis and 75 m x 20 m to 35 m on a NE axis joined as a rough T-shape. This shows the manganese cap remains untested along its NE edge and may extend under thin alluvial cover to the SW past WNRC065 where 11 m @ 21.5% Mn was intersected. Ten of the 15 holes drilled at Nathan's Flat recorded manganese over a minimum interval of 3 m. The first drill hole, WNRC060, recorded Mn mineralisation from 3 m to 71 m in six intervals ranging in thickness from 3 m to 13 m (totalling 44 m). Maximum values of 35.5% and 33.5% Mn were recorded at 3 m and 19 m depths respectively. The individual intervals are listed below. WNRC060 overall 44 m @16.3 % Mn & 13.2% Fe (weighted averages): 4 m @ 23.4% Mn & 6.5% Fe from 3 m, incl. 1 m @ 35.5% Mn & 1.3 % Fe from 3m; 13 m @ 17.3% Mn & 14.1% Fe from 14 m; 10 m @ 12.1% Mn & 4.7% Fe from 32 m; 9 m @ 14.2% & 8.7% Fe from 43 m; 3 m @ 21,5% Mn & 7.6% Fe from 57 m; 5 m @ 17.3% Mn & 36.1% Fe from 66 m. Adjacent holes, WNRC063 and 74 returned the following results: WNRC063 9 m @ 22% Mn & 8.7% Fe from 4 m, incl. 2m @ 34% Mn & 5.8% Fe from 9 m. WNRC074 - 6 m @ 28.4% Mn & 9.9% Fe from 3 m, incl. 3 m @ 37.4% Mn & 9.1% Fe from 5 m (with maximum 42.9% Mn). WNRC065 11 m @ 21.5% Mn & 12.7% Fe from surface, incl 3m @ 38.5% Mn & 9.1% Fe from surface (with maximum 40.9% Mn). The long section below depicts the development of the near surface cap and the continuity of mineralisation from hole to hole. Deeper manganese mineralisation was intersected in several holes (five in total), indicating that low to moderate grade mineralisation exists to significant depths beneath the surface cap (down to a maximum of 71 m). There is insufficient deep drilling at this stage to establish lateral continuity or orientation, but there appear to be two irregular slabs of manganese mineralisation centred on holes WNRC060 and WNRC067 respectively. Six holes were initially drilled over a series of layered manganese outcrops. The holes were drilled to confirm the historic drilling results (e.g. BX76 6 m @ 39.9% Mn from the surface) and to test for the presence of deeper mineralisation. Deeper, lower-grade intersections were located in holes WNRC034 and 37. The results indicate that the manganese outcrops downslope and to the west of WNRC037 and penetrate back into the slope as far as WNRC034, indicating the potential for a significant mineralisation. Significant intervals included: WNRC034 - 4 m @ 12.3% Mn & 2.5% Fe from 20 m; WNRC036 6 m @ 16.4% Mn & 17.3% Fe from 27 m; WNRC037 4 m @ 12.9% & 23.5% Fe from 3 m; WNRC038 7 m @ 31.4% Mn & 1 9% Fe from surface with a maximum assay of 42.2% Mn from 1 m. Dirk's Valley: Four holes were drilled at Dirk's Valley, with all intersecting modest-grade manganese with low iron. The best results were achieved in the neighbouring holes, WNRC077 (12 m at 12.7% Mn & 3.8% Fe from 15 m) and WNRC076 (8 m at 18.3% Mn & 2.2% Fe from 14 m). Because WNRC077 was directed to the SW and WNRC077 to the W, this represents a triangular shaped slab of low-grade mineralisation worthy of additional drilling. It is noteworthy that sub 5% iron content enhances the target's potential. Significant intervals included: WNRC077 12 m @ 12.7% Mn & 3.8% Fe from 15 m; WNRC076 8 m @ 18.3% Mn & 2.2% Fe from 14 m; WNRC076 5 m @ 15.4% Mn & 1.6% Fe from 31 m; WNRC075 3 m @ 14% Mn & 3.1% Fe from 36 m. Accelerate's Critical Minerals Strategy: The Company has engaged Perth based engineering firm Simulus Laboratories to conduct a preliminary test work program to produce HPMSM. High Purity Manganese, also known as battery grade manganese, is purchased in either metal or sulphate form by cathode and battery manufacturers. High Purity Manganese is used in lithium-ion battery cathodes, specialty steels, aluminium and chemicals. The work has been carried out since late 2022, with material collected from surface mineralisation within Area 42. The purpose of the test work is to develop a refining process to produce high purity manganese sulphate crystals (MnSO4) from a Braeside West concentrate. Simulus has extensive experience in manganese projects and within the wider minerals industry and is ideally placed to complete this scope of work. The Company is expected to receive results of the preliminary test work by end of February 2023. Future Work: Planning is underway for the Phase 3 drilling program. Follow up drilling of the presently defined targets at Dale's Patch and Nathan's Flat will be completed, and the extents and continuity of the mineralisation confirmed. Detailed drilling will be undertaken at Chris's Ridge and Drape's Hill to continue defining the surface cap mineralisation and to identify deeper mineralised zones. Additional scout drilling along the Dirk's Valley line towards the discovery at Drews Find (WNRC017) is planned. Work programs for new targets identified will be developed in the coming weeks. Aankondiging • Nov 24
Accelerate Resources Limited Announces Maiden Reconnaissance Work At Its 100%-Owned East Pilbara Lithium Project Has Confirmed the Presence of Significant Outcrops of Pegmatite Dykes with the Potential for Lithium Mineralisation Accelerate Resources Limited announced that the maiden reconnaissance work at its 100%-owned East Pilbara Lithium Project has confirmed the presence of significant outcrops of pegmatite dykes with the potential for lithium mineralisation. East Pilbara Lithium Project: Accelerate's projects are located in an area of active lithium exploration and discovery, which includes Global Lithium Resources' Archer deposit ~30km north-east and SunMirror AG subsidiary Lithium 1 Pty Ltd.'s Moolyella Project. Based on the lithium pegmatite model successfully employed by other explorers in the immediate region, Accelerate Resources' Mount Creek tenement block lies within the 6km-8.5km zone considered prospective for pegmatite-hosted lithium mineralisation (Goldilocks Zone) surrounding the Moolyella Monzogranite. Desktop studies identified numerous potential pegmatite intrusion targets within multiple vein/dyke filled cross-cutting structures in the granitic pluton. Bishop Creek Monzogranite and Joorina Grandiorite are both meta-granites with younger felsic intrusions (pegmatite, aplite and granophyre veins). They also contain numerous xenoliths of mafic material as well as numerous mafic dykes. AX8's recent fieldwork and sampling concentrated on these zones. Ground checks were performed along station tracks with ground traverses to sites of special interest. Only about 35% of the prospective zone within E45/6279 and <5% within E45/6278 were visited. Main results were: Discovery of four larger bodies of coalesced, overlapping, and stacked pegmatite and aplitic veins and pods at different locations, along with 14 smaller pegmatites. Small individual pegmatite veins and pods were common. Several mafic dykes, an intricate zone of overlapping quartz veins, and numerous occurrences of a late-stage, coarse-grained equigranular micro-pegmatite intruding into the older Bishop Creek Granite were identified along the NW edge of E45/6279. This zone is similar to the strong structural grain seen at of Global Lithium Resources' Archer Deposit and bordering fault system at the northern end. The interpreted geological and structural setting is similar to Archer Deposit Historical Tin mining operations is evident within the Project area. The results (due in January) from current program will be used to prioritise the targets for follow-up mapping and sampling in early 2023, and to progress to the drilling stage. Aankondiging • Nov 08
Accelerate Resources Limited Announces Drilling Confirms Continuity of High Grade Surface Manganese Accelerate Resources Limited announced its Phase 2 drilling at Woodie Woodie North Manganese project in the Pilbara, WA, is complete with 4300m drilled during the maiden drilling campaign in 2022. The thickness of the manganiferous zones indicate a large and well-developed hydrothermal system, which is highly prospective for the development of potentially large high-grade manganese orebodies. The thickness of the newly discovered mineralised zone represents the largest known intersection of manganese-rich mineralisation in the Barramine and Braeside area to date. AX8's Phase 2 drilling program was designed to target Area 42 and on the hilltop near-surface manganese zones. AX8 completed 46 drill holes with 2400m drilled in Phase 2. From the preliminary logging information, Phase 2 drilling has successfully achieved the following objectives: Follow-up mineralisation from drill holes WNRC017 and WNRC015. Evaluate depth and continuity of near-surface high grade outcropping manganese supported by mapping and historical Valiant exploration drill holes. Scout drilling to locate and identify deeper mineralisation, to develop the geological framework and to define a potential mineralised envelope for further exploration. Drilling at Dale's Patch and Nathan's Flat confirmed the near-surface high-grade mineralisation with mineralisation remaining open. At Dale's Patch, drilling targeted two large 50m-wide slabs of high-grade manganese exposed at the top of a broad rounded ridge. The historical intercepts ranged from 1m to 8m in thickness at 20-41% Mn in shallow vertical holes on and adjacent to the outcrops. Historical drilling holes intersections including: BX57 - 2m @ 41% Mn from surface, BX58 - 5m @ 37.6% Mn from surface, BX59 - 3m @ 25% Mn from surface, BX60 - 1m @ 20.6% Mn from 1m, BX70 - 2m @ 24.7% Mn from surface, BX71 - 8m @ 37.4% Mn from surface. A total of 21 holes were drilled to connect the target outcrops. The preliminary results based on mapping and visual logging of the drill holes confirmed the presence of a substantial enriched surface manganese cap ranging in thickness from 2m to 7m with moderate to high-grade manganese. The cap has been drilled over an area measuring 120m long and 25m to 35m wide. Beneath the cap, the triangular area outlined by holes WNRC047, 50 & 57 contained a band of lower grade manganese with variable thickness (1m-13m) down to 11m-19m depths. This area remains open to the northeast. Aankondiging • Oct 11
Accelerate Resources Limited Announces the Commencement of the Phase Two Drilling Program at the Company's Woodie Woodie North Manganese Project in the Pilbara Accelerate Resources Limited announced the commencement of the Phase Two drilling program at the company's Woodie Woodie North Manganese project in the Pilbara. The 2,000m drilling program is designed to follow up on the deeper feeder zone identified from discovery holes WWN22_017 and WWN22_15, with mineralization tracing to the hilltop at Area 42. Phase Two drilling will test six priority target zones with outcropping manganese at the surface, along a strike of 2.25km of stacked manganese replacement seams within outcropping layered chert. Initial results from discovery holes WWN22_017 and WWN22_015 have confirmed a deeper fertile feeder zone, with iron and manganese rich mineralisation. Significant drill hole intersections include: WWN22_017: 6m @ 17.3% Mn from 13m, incl. 1m @ 32.5% Mn from 18m; 5m @ 18.6% Mn from 35m, incl. 3m @ 45% (Fe+Mn) from 35m; 8m @ 47% (Fe+Mn) from 47m; 7m @ 44% (Fe+Mn) from 65m, incl. 2m @ 15% Mn from 70m; 5m @ 49.6% (Fe+Mn) from 82m, incl 19.4% Mn from 82m to end of hole. WWN22_015: 6m @ 13% Mn from 26m, incl.1m @ 30.3% Mn from 26m, and 2m @ 22.6% Mn from 26m; 3m @ 12.4% Mn from 33m, incl. 1m @ 16.9% Mn from 35m. These newly discovered manganiferous zones are the thickest recorded at Woodie Woodie North and indicate a large and well-developed hydrothermal system, highly prospective for the development of large high-grade manganese orebodies. Historical Valiant drilling confirms near surface, high-grade manganese potential with reported intercepts including: BX63 7m @ 41% Mn from surface; BX71 8m @ 37.4% Mn from surface; BX79 3m @ 34% from surface. Drilling at Area 42 to target: Deeper high grade deposits based on discovery holes; and Near surface Direct Shipping Ore (DSO) grade manganese identified by historical drilling and mapping. Results of 25 holes at Area's 1,3 & 4 at Barramine and 3 remaining holes from Area 42 are pending. Aankondiging • Oct 07
Accelerate Resources Limited, Annual General Meeting, Nov 30, 2022 Accelerate Resources Limited, Annual General Meeting, Nov 30, 2022. Agenda: To re-election and appointment of directors. Aankondiging • Sep 20
Accelerate Resources Limited Provides an Exploration Update on the Company's Lithium Projects in the East Pilbara Accelerate Resources Limited provided an exploration update on the Company's Lithium projects in the East Pilbara. East Pilbara Lithium Project; Accelerate's projects are located in an area of active lithium exploration and discovery which includes Global Lithium Resources' Archer deposit (10.5Mt @ 1.0% LiO2) 30 km to the northeast and the Moolyella project held by Lithium 1 Pty Ltd. Following an encouraging initial reconnaissance sampling program earlier this year and a detailed photo interpretation, new targets have been identified with an on-ground exploration program planned for November. Historical data has now been collated, and whilst there has been significant historical exploration for diamonds, limited work focusing on lithium or lithium-related pathfinder geochemistry has been recorded. Desktop studies have identified priority targets characterised by multiple vein/dyke filled cross-cutting structures within the granitic plutons. Work has also included a review of the host granitic structures and neighbouring exploration activity that has successfully identified lithium mineralisation. Based on the lithium pegmatite model successfully employed in the immediate region by other explorers, the upcoming field program will seek to follow up targets generated from the detailed photo interpretations and previously identified geophysical anomalies from historical diamond exploration. New Target Areas; The north-western part of Accelerate Resource's Mount Creek tenement block lies within the 6 - 8.65 km zone of nominal lithium prospectivity (Target Zone) around the Moolyella Monzogranite . The Target Zone also hosts the Archer Lithium Deposit in addition to the MB Lithium showings. The concept behind the Prospectivity Zone is that each granite body that is fertile for lithium (Li-source) projects a ring of complex Li-Cs-Ta-Sn fluids at an approximately constant distance into the surrounding rocks. For the Moolyella Monzogranite, based on the known lithium discoveries and the generalized pegmatite model of Cerny and others this is around 6 km to 9 km. Similarly, the Mondana Monzogranite is postulated to have injected Li-Cs-Ta-Sn fluids at a similar radius within the Sandy Creek tenement area. etailed photo interpretation of the available satellite images has identified several linear features associated with quartzose to felsic material that may have a pegmatitic component. In each area there are an abundance of mafic filled linear features (ultramafic to dolerite dykes) that indicate a tensional regime that would allow the emplacement of pegmatites. Additionally, for the Mount Creek tenement area, the GSWA has identified the Bishop Creek Monzogranite as a potential source rock (Mineral Systems Atlas - Rare Element Pegmatite Trap 2020 Version 1.0 DMIRS) in addition to the Moolyella Mozongranite. A 6km - 8.65 km ring from the edge of granite suggests the SW portion of the tenement area is prospective for lithium. Aankondiging • Aug 24
Accelerate Resources Limited Announces Maiden Drilling Discovers Thick Mineralisation at the Woodie Woodie North Manganese Project Accelerate Resources Limited announced the first 2000m of drilling has been completed at Woodie Woodie North Manganese project in the Pilbara. Drilling at Area 42 has intersected a well-developed manganese enriched zone from 13m below surface to end of hole at a depth of 87m. Mineralisation remains open at depth. The thickness of the manganiferous zones indicate a large and well-developed hydrothermal system, which is highly prospective for the development of potentially large high-grade manganese orebodies. The thickness of the newly discovered mineralised zone represents the largest known intersection of manganese-rich mineralisation in the Barramine and Braeside area to date. Due to access limitations, drilling of the iron and manganese-rich mineralisation was limited to two holes (WWN22_015 & WWN22_017), and remains open along strike and depth. Hole WWN22_015 intersected the edge of the alteration zone from 13m to 94m before having to be terminated due to water pressure issues. Both holes were drilled at -60° dip. The mineralisation model shown in Figure 3 correlates with drilling and mapping results. Argillic hydrothermal alteration and dissolution with associated replacement of the dolomite, beneath the chert cap, as well as along structures, indicate the potential development sites for high-grade manganese mineralisation. The structures evident in the satellite imagery are consistent with the structural setting typically associatedwith Woodie Woodie-style hydrothermal manganese mineralisation. In some target locations at WWN, surface manganese mineralisation has limited depth of development, but significant lateral extent and represent high-grade near surface exploration targets. This is supported by historical reported drilling intercepts of manganese mineralisation up to 11m in thickness (e.g., BX48 - 11m @ 28.4% Mn from 1m)1 located 1.4 km south of Area 42 adjacent to a major structure. This and other historical near surface drilling results will be prioritised in the upcoming drilling campaign. The recent drilling on the Barramine and Braeside prospect areas have returned encouraging preliminary results at the Area 1, Area 3 and Area 4 targets.Geological logs indicate multiple zones of manganese mineralisation. Assay results are pending. Prior exploration within the Barramine Project area identified widespread manganeseoccurrences in a similar setting to those deposits elsewhere in the East Pilbara manganese province, in particular the Woodie Woodie manganese mine. These manganese deposits are localised along the contact between the Carawine Dolomite and the Pinjian Chert Breccia with more intense and larger scale mineralisation occurring along fault structures. At Barramine, several such zones of intense manganese mineralisation were identified through rock chip sampling, soil sampling, mapping and drilling. Approximately 2.25 km outcrop of stacked manganese mineralised layers weregeologically mapped at Area 42 (Braeside) within a layered sequence of sedimentary chert breccia. This has increased the target strike length by around 1.75 km. These stacked zones vary from 15 m to 100 m in width and possibly penetrate similar distances down-dip into the layered chert. Portable XRF measurements on previously collected grab samples and shallow drilling has indicated that near surface, high-grade manganese pods (30-55% Mn)2 exist within these zones. However, the surrounding and deeper material is likely to be of low to moderate grades. Concurrent with the latest mapping, all drill hole collars of the historic Valiant and Consolidated drilling have been located. This will enable these results to be included in the planning for the upcoming drill campaign. Mapping and prospecting results coupled with the latest drilling has extended the target structure at Area 1 (Barramine) by at least 850 m to the south and 100 m to 150 m to the northeast. At Area 3 (Barramine), the host structure has been traced 1.3 km to the north-northwest through a series of west directed jogs in the fault line. A large manganese stained outcrop northwest of the latest drilling suggests that the manganese mineralisation at Area 3 may extend for at least another 250 m. Additional manganese stained and incipiently mineralised outcrops were located 600 m and 1.3 km along the trace of the fault, providing further encouragement for the prospectivity of this structure. The target zone at Area 4 extends approximately 150 m to 250 m westwards where a series of ferruginized and manganese stained dissolution breccia outcrops occur. There is potential that the mineralised system increases in extent toward the south (200 m to 300 m) along a pair of north-south trending faults where additional manganese stained ferruginized outcrops have been recognised. Aankondiging • Jul 28
Accelerate Resources Limited Reports Positive Results from Baseline Metallurgical Test Work on A Bulk Surface Sample from the Braeside West Prospect Accelerate Resources Limited reported positive results from baseline metallurgical test work on a bulk surface sample (150kg) from the Braeside West prospect within the Woodie Woodie North Manganese Project in Western Australia. Multiple surface grab samples were collected over an area of approximately 4 hectares and composited into a single bulk sample representing outcropping surface manganese. Outcropping manganese occurs as "pods" up to tens of metres in area on surface. The results are very encouraging, demonstrating a DSO (Direct Ship Ore) Lump quality product with grades up to 40.9% Mn and 13.8% Fe. The tests were preliminary in nature and form the baseline for product optimisation in future metallurgical programs. Metallurgical Test Work Summary; Accelerate engaged specialist metallurgical laboratory, Nagrom Laboratories (Perth), to conduct preliminary manganese test work on the surface bulk sample. The test work programs explored conventional low-cost heavy media separation (HMS) techniques, including dense media separation (DMS) using cyclones for fines and Ericsson Cone (EC)for lump. Exploration Strategy and Planned Program Accelerate aims to define economic manganese resources at the Woodie Woodie North Manganese Project as a precursor to future commercial mining operations. The plannedwork program includes: An RC drilling program commenced in mid-July targeting a maiden JORC (2012) resource at the Woodie Woodie North Manganese Project by end of the 2022 field season. An IP and/or EM Survey to assist with additional target definition. Drill sampling to support further metallurgical beneficiation and High Purity Manganese test work. Aankondiging • Jul 12
Accelerate Resources Limited Commences Limited Maiden Manganese Drilling at Woodie Woodie North Accelerate Resources Limited announced the start of its maiden manganese drilling program at Woodie Woodie North in the Pilbara. Drill targets were identified via extensive historical data review and confirmed by recent field work including mapping, surface sampling and interpretation of high- resolution imagery. The analysis identified more than 100 manganese outcrop areas distributed over a 32 km strike length. A total of seven priority drill targets have been identified of which four will be drilled during planned phase one drilling of between 3000m to 4000m. Prior exploration within the Barramine Project area identified widespread manganese occurrences in a similar setting to those deposits elsewhere in the East Pilbara manganese province, in particular the Woodie Woodie manganese mine. These manganese deposits are localised along the contact between the Carawine Dolomite and the Pinjian Chert Breccia with more intense and larger scale mineralisation occurring along fault structures. At Barramine, several such zones of intense manganese mineralisation were identified through rock chip sampling, soil sampling, mapping and drilling. Barramine Project Area 1, Area 3 and Area 4: Area 1 drilling within the Barramine Project will follow-up on known hydrothermal mineralisation along the strike of a major N-S trending structure as well as mineralisation along the contact between dolomite and chert breccia as depicted in the mineralisation model. Multiple target areas have been identified and historically drilled in Areas 3 and 4. The aim of the current drilling is to follow-up and extend the mineralisation along strike of host structures as well as investigate mineralisation along the dolomite/breccia contact. The drill results from these areas will be used for the development of a JORC compliant Mineral Resource Estimate.Braeside West Project Area 42: At Braeside West, drilling aims to follow-up near surface manganese outcrop and historical drill intersections to define extensions of known manganese mineralisation along strike and at depth. Drilling will also verify some historical intercepts through twin holes. Significant surface outcrop and historical drill results include1: BX48 - 11m @ 28.4% Mn from 1m; BX57 2m @ 41.8% Mn from surface; BX58 5m @ 37.3% Mn from surface; BX61 2m @ 39.3% Mn from surface; BX71 8m @ 37.4% Mn from surface; and BX76 6m @ 39.9% Mn from surface. The target areas at Braeside West represent two main manganese ore types, namely a near surface supergene oxide mineralised layer that is up to 7m thick (e.g., BX63 and BX71 drilled by Valiant Consolidate in the 1990's) and a more siliceous hydrothermal manganese hosted in and along dissolution structures within thedolomite beneath the chert cap. The mineralisation model correlates with mapped observations of manganese replacement in the Pinjian Chert, which forms a cap on the underlying dolomite over much of the area. Argillic dissolution and chert breccia within the dolomite beneath the cap and along penetrating structures represent sites for localisation of manganese mineralisation. Most importantly, the structures evident in the satellite photography (NS and NE-SW lineaments) that splay off and between the regional NNW-SSE reverse faults provide the structural setting for typical Woodie Woodie-style hydrothermal manganese mineralisation. Surface manganese mineralisation may be limited in-depth but has lateral extent and could be targeted in its own right for high-grade manganese. This is supported by historical drilling intercepts of manganese mineralisation up to 11m in thickness (e.g., BX48 - 11m @ 28.4% Mn from 1m). Aankondiging • May 26
Accelerate Resources Limited Presents the Results of Historical Beneficiation Test Work from the Woodie Woodie North Manganese Project in Western Australia Accelerate Resources Limited presented the results of historical beneficiation test work from the Woodie Woodie North Manganese Project in Western Australia. The beneficiation test work was completed by Nagrom Laboratories between September and December 2010. Shaw River Manganese Limited initially released these results on 04/01/2011 (ASX: SRR) and have been reviewed and reinterpreted by Accelerate Resources. The results were encouraging, demonstrating manganese product grades up to 48% Mn. The test work indicated that industry standard, low cost, conventional gravity separation processes may be employed to produce economic grade manganese deliverable as premium product to market. The tests were preliminary in nature and form the baseline for product optimising in future programmes. In 2010, Shaw River Manganese Limited commissioned specialist metallurgical laboratory Nagrom to conduct preliminary manganese beneficiation test work on 12 composite samples from 8 RC drill holes (106 samples). The test work programs explored conventional-low-cost gravity processing techniques, including screening to remove natural fine clay minerals and dense medium separation (DMS) using cyclones, culminated in gravity separation of ultra- fines using a Wilfley Table. Screening processes revealed relatively high mass reporting to screen undersize which is not unexpected as RC drill methods tend to comminute the drill core. Consequently, an average of 35% of the manganese reported to the screen undersize resulting in lower overall recoveries than reality. Reverse Circulation drill chips are generally used for preliminary metallurgical investigations to ascertain concentrate specification and prove processing concepts before more comprehensive test work is conducted using diamond core or bulk sampling. DMS performance on the screen oversize was extremely encouraging, producing concentrate grades ranging from 31.6 to 48.1% Mn. DMS performance was also encouraging with some manganese recoveries reported as high as 92% (Table 1). A strong positive correlation exists in the majority of DMS data between Mass Recovery and Mn Feed grade (Figure 2 and Figure 3) showing that manganese material with low %Fe will upgrade to ~40 %Mn. Even for low head grade feed of 7.4% Mn, the material can be upgraded to a 40.7% Mn concentrate (Table 1). DMS test work demonstrated that a premium-grade product is achievable with low levels ofimpurities such as sulphur (S average 0.005%) and phosphorous (P average 0.05%). (Appendix 2) Results for the Wilfley Table separation test work carried out on 7 of the 12 samples are presented in the Table 2 below. Recoveries noted are expressed as incremental with respect to the feed sample. The Woodie Woodie North Manganese Project contains two main prospects, Barramine (E45/5978, E45/5979) and Braeside West (E45/5854). Located 120km east of Marble Bar, 250km from Port Hedland, and approximately 70km North of the Woodie Woodie Manganese Mine, it is close to major road, rail gas pipeline and port infrastructure (Figure 2). The Barramine area covers an area of 101km2, with prior exploration identifying widespreadmanganese occurrences in a similar geological setting to known manganese deposits elsewhere in the East Pilbara manganese province, particularly the Woodie Woodie Manganese Mine. These manganese deposits are located along the contact between the Carawine Dolomite and the Pinjian Chert Breccia, with more intense and larger scale mineralisation associated with major faults and shears. At Barramine, a number of such zones of intense manganese mineralisation were identified through rock chip sampling, soil sampling, mapping and exploration drilling, which will form the basis of more detailed exploration work. Aankondiging • May 10
Accelerate Resources Limited Announces Maiden Inferred Mineral Resource Estimate of Approximately of 12.5Mt of Kaolinised Granite Accelerate Resources Limited announced a maiden Inferred Mineral Resource estimate (MRE) of approximately of 12.5Mt of Kaolinised Granite, with an Al2O3 content of 36.6 % and an ISO Brightness of 84.8 for the company's Tambellup Kaolin Project (Tambellup), located in South-West of Western Australia. The Mineral Resource estimate (MRE) was prepared by CSA Global Pty Ltd. ("CSA Global"), an ERM Group Company and was reported and classified in accordance with the JORC Code and guidelines. Vytas is an upcoming producer and supplier of High Purity Quartz (HPQ) and other silica-based technology materials for use in the renewable energy sector. Vytas other key projects consist of the Moora Silica Sand Project and the White Peaks Silica Project. Preliminary metallurgical test work at the Moora Silica Sand Project confirms that HPQ can be produced cost effectively. In addition, preliminary metallurgical test work at the White Peaks Silica Project confirms that the amorphous silica feedstock is amenable to conversion to High Purity Silicon (HPS) that has potential application as an anode material in lithium-ion batteries (LiB). The Tambellup Kaolin Project is located approximately 280 km south-southeast of Perth via the Great Southern Highway, 120 km north of Albany, and 10 km west of the township of Tambellup in the Southwest of West Australia. Tambellup Kaolin deposit is located on tenement E 70/4969. The Tambellup Kaolin deposit occurs as a sub-horizontal layer up to about 17m thick, derived by the in-situ weathering of granitic rocks consisting of quartz and feldspar minerals. Feldspars in the granite were altered during the weathering process to kaolinite, which is an alumino-silicate mineral with the chemical formula AlSiO(OH). Kaolin in the Tambellup area has formed due to in-situ weathering of a biotite adamellite, which forms the predominant basement rock type in the area. The degree of weathering and thickness of the weathering profile is related to structural features in the underlying basement geology. The drilling database used to define the mineralisation comprises 52 vertical Aircore drill holes drilled by Accelerate in 2020 for a total of 763 m. Drilling was designed to verify historical drilling and to test for extensions of the known mineralisation. Analysis was completed on 169 one metre samples from 23 holes, of which 62 composites were prepared for fusion X-ray fluorescence (XRF) chemical analysis by Australian Laboratory Services (ALS). The Mineral Resources were estimated within constraining wireframe solids using a combination of logged geological boundaries from recent holes and analytical data, such as K2O, SiO2 and Al2O3 grades. The Mineral Resource is quoted from all classified blocks within these wireframe solids. The wireframe objects were used as hard boundaries for grade interpolation. Grade estimation was completed using Inverse Distance Weighting (IDW). The block model of the deposit with interpolated grades was validated both visually and by statistical/software methods. Mineral Resources were reported in accordance with product specifications that have a potential commercial interest and as described above. The Mineral Resource has been classified based on confidence in geological understanding, quality of samples, density data, drill hole spacing and sampling, analytical and metallurgical processes as well as consideration of the historical data. The Inferred Mineral Resource has been defined where drilling was undertaken on 100 m and 200 m spaced east-west oriented lines with holes spaced predominantly at 200 m. Aankondiging • Feb 18
Accelerate Resources Limited (ASX:AX8) entered into a binding Sale and Purchase Agreement to acquire Attstar Pty Ltd for AUD 0.47 million. Accelerate Resources Limited (ASX:AX8) entered into a binding Sale and Purchase Agreement to acquire Attstar Pty Ltd for AUD 0.47 million on February 16, 2022. Under the terms of the agreement, Accelerate agrees to pay non-refundable AUD 0.05 million (plus GST) upon the execution of the agreement. On completion, Accelerate will Issue 10 million fully paid ordinary shares in the capital of Accelerate and 10 million Options exercisable at AUD 0.10 on or before the date that is 2.5 years from issue. In addition to the Consideration, Accelerate agrees to pay the following Deferred Consideration: Tranche 1 Milestone: Upon Accelerate announcing to the ASX a JORC compliant Inferred Mineral Resource of not less than 5 million tonnes of Manganese ore at a minimum of 13% Mn (with a 10% cut off) the Vendors will be issued 20 million Shares. Tranche 2 Milestone: Upon Accelerate announcing to the ASX the commercial shipment of the first 25,000 tonnes of Manganese ore from the Tenement (Tranche 2 Milestone), Accelerate will make a cash payment of AUD 2 million to the Vendors. Settlement of the acquisition is conditional upon Accelerate completing its due diligence within 30 days of the date of the agreement. Aankondiging • Feb 16
Accelerate Executes an Agreement to Acquire East Pilbara Barramine Manganese Project Accelerate executes an Agreement to acquire East Pilbara Barramine Manganese Project. The Company now controls a 33km corridor prospective for manganese mineralisation, with access to existing roads and port infrastructure. This expands Accelerate's strategic footprint in the manganese producing region to 357.7km. Previous exploration within the Barramine Project includes 27,478m of RC drilling targeting manganese outcrops and EM anomalies Historic drilling results returned grades up to 46.4% Mn1 and include: 15m at 24.3% Mn from 37m (BRC 290) & 7m at 26.2% Mn from 67m including 3m @ 39.3% Mn; 18m at 21.4% Mn from 73m (BRC 241) including 3m at 36.1% Mn from 86m; 8m at 22.4% Mn from 34m (BRC 169) including 2m at 36.2% Mn from 36m; 7m at 22.3% Mn from 37m (BRC 332) including 1m at 29.3% Mn from 40m; 10m at 19.3% Mn from 91m (BRC 266) including 2m at 35.3% Mn from 93m and 10m at 19.4% Mn from 10m (BRC 318) including 6m at 213.6% Mn from 12m. Significant exploration upside exists along strike and at depth from numerous drilled prospects and other untested targets across the project area, An active field program planned to evaluate key targets ahead of a drilling program targeting a Resource. This acquisition Complements AX8's existing high grade manganese strategy to service the rapidly growing battery technology markets and steel industry Prior exploration within the Barramine Project area identified widespread manganese occurrences in a similar setting to those deposits elsewhere in the East Pilbara manganese province, in particular the Woodie Woodie manganese mine. These manganese deposits are localised along the contact between the Carawine Dolomite and the Pinjian Chert Breccia with more intense and larger scale mineralisation occurring along fault structures. At Barramine, such a zone of intense manganese mineralisation was identified through rock chip sampling, soil sampling, mapping and exploration drilling. Previous exploration included 27,478m of RC drilling (totalling 343 drill holes), 2,233 rock chip and 5,140 soil samples. Detailed geological mapping and geophysics including gravity, dipole- dipole induced polarisation, heliborne XTEM-TEM and magnetic surveys were also completed. Other studies completed include ethnographic, environmental surveys and three phases of limited and preliminary metallurgical test work conducted by Nagrom and Amtec between 2010 to 2012, to examine the suitability of the manganese mineralisation for upgrading to a saleable product. Aankondiging • Feb 09
Accelerate Resources Limited Provides Update on High-Resolution Imagery and Lidar Survey Covering the Braeside West Manganese Project Accelerate Resources Limited provided an update on a prospectivity study utilising recently acquired high-resolution imagery and LiDAR survey covering the Braeside West Manganese Project located 120km east of Marble Bar, 250km from Port Hedland, and approximately 70km North of the Woodie Woodie Manganese Mine. Over the past month, the Company has completed a detailed analysis and structural interpretation of recently flown high-resolution images. A total of 195 areas of surface Mn have been identified, with nine (9) Mn clusters, including the identification of 30 high priority prospective areas based on historic surface sample assays and geological mapping. All areas identified are subject to field confirmation and sample collection. Aankondiging • Feb 01
Accelerate Resources Limited Appoints Steve Bodon as A Non-Executive Director Accelerate Resources Limited announced the appointment of Dr. Steve Bodon as a Non-Executive Director. Dr. Steve Bodon has previously held senior leadership roles for a number of large internationalorganisations including Anglo American and Sasol. He has strong technical, businessleadership skills and extensive experience in exploration, production and business development. Aankondiging • Dec 21
Accelerate Resources Limited Provides Update on Exploration Activities At Braeside West Manganese Project Accelerate Resources Limited provided an update on exploration activities at its Braeside West Manganese Project located 120km east of Marble Bar, 250km from Port Hedland, and approximately 70km North of the Woodie Woodie Manganese Mine, where recently completed work will enable an aggressive manganese exploration programme to commence early in 2022. The 139-square-kilometer Braeside West tenement (E45/5854) has undergone several limited exploration phases, including geological mapping, rock chip sampling, VTEM geophysics, and drilling. Following the recent consolidation of historical data, multiple manganese targets have been generated. Over the past month, the Company has completed a Lidar and High-Resolution imagery surveyand collected ~200kg of surface manganese for preliminary metallurgical test work. Approximately 200kg of surface manganese was randomly collected from numerous outcrops to generate a representative sample for metallurgical test work. The primary objective of the testing is to obtain fundamental metallurgical and mineralogical data. Gravity separation, head grade analysis and metallurgical balance, particle size distribution, and High Purity Manganese (HPM) tests are likely to be performed. When completed, this work will complement the Company's targeting strategy, which includes various product pathways, including HPM and Woodie Woodie-style structurally controlled manganese. A Program of Work (POW) is currently being prepared for lodgment with DMIRS for a diamond drilling programme at Braeside West. The Company is planning to drill approximately 600m of PQ diamond core across various prospects. Targets identified during the initial review and detailed interpretation from the recently acquired high-resolution imagery. Drilling will twin some historical intercepts. The diamond drill core will be used for stratigraphical and metallurgical test work programs. Further more extensive drilling programs are planned for Second Quarter 2022. Extensive searches of the WAMEX database and data digitised from historical tenement reports indicate that there is both shallow and deep potential across the project area. Historical drill results include1: BX48 -11m @ 28.4% Mn from 1m; BX57 - 2m @ 41.8% Mn from surface; BX58 - 5m @ 37.3% Mn from surface; BX61 - 2m @ 39.3% Mn from surface; BX71 - 8m @ 37.4% Mn from surface and BX76 - 6m @ 39.9% Mn from surface. Aankondiging • Nov 30
Vytas Resources Pty Ltd completed the acquisition of Halcyon Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8). Vytas Resources Pty Ltd executed a binding agreement to acquire Halcyon Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8) on September 2, 2021. Under the terms, Vytas will issue 27.1 million shares equal to 33.3% stake of Vytas to Accelerate. Accelerate will make available AUD 0.25 million to Vytas for the purposes of progressing the Work Program. The transaction is subject to completing and being satisfied with its due diligence investigations and Accelerate obtaining shareholder approval. Accelerate and Vytas have also executed a shareholders agreement formalising Accelerate's rights as a shareholder of Vytas, which includes the right to appoint a director to the Vytas board. Vytas has appointed Yaxi Zhan to the board of Vytas as a Non-Executive Director. As on November 8, 2021, Accelerate Resources Limited held an Annual General Meeting of Shareholders in which transaction was approved.
Vytas Resources Pty Ltd completed the acquisition of Halcyon Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8) on November 30, 2021. Aankondiging • Sep 13
Accelerate Resources Limited announced that it expects to receive AUD 3.1 million in funding Accelerate Resources Limited announced a private placement of 86,111,111 common shares at an issue price of AUD 0.036 per share for gross proceeds of AUD 3,099,999.996 on September 13, 2021. The shares will be issued in two tranches for a total of up to 38,899,440 shares in its first tranche closing and a total of up to 47,211,671 shares in its second and final tranche closing subject to shareholder approval at the 2021 Annual General Meeting to be held on 8 November 2021. Issue of tranche 1 shares is anticipated to occur on Monday, September 20, 2021, but notes that the issue date is subject to change. The transaction will include participation from a range of sophisticated and professional investors, including participation by accelerate’s Board of Directors for AUD 60,000. Aankondiging • May 22
Mt Monger Resources Ltd acquired Mt Monger Gold Project from Accelerate Resources Limited (ASX:AX8) for AUD 0.23 million. Mt Monger Resources Ltd acquired Mt Monger Gold Project from Accelerate Resources Limited (ASX:AX8) for AUD 0.23 million on May 21, 2021. Accelerate Resources Limited received a cash consideration of AUD 0.18 million from the grant and exercise of the option agreement. Accelerate Resources Limited also received AUD 0.05 million upon delineation of an Inferred Mineral Resource (in accordance with the JORC 2012 Edition Guidelines) of at least 20,000 oz. at >1.5g/t gold verified by an independent competent person (Milestone) as deferred cash consideration.
Mt Monger Resources Ltd completed the acquisition of Mt Monger Gold Project from Accelerate Resources Limited (ASX:AX8) on May 21, 2021. Aankondiging • Apr 29
Accelerate Resources Limited Announces Metallurgical Test Results Accelerate Resources Limited announced the Metallurgical Test Results: A total of 62 composite samples were selected for initial geochemical analysis, from 23 Aircore holes within the main part of the Sadlers Kaolin prospect. The composite samples were predominantly selected from the visually whitest and brightest sections of the upper and lower saprolite horizons of each hole, based on the geological logging of the drill samples. The sampling aimed to cover the majority of holes in the more strongly weathered (upper and lower saprolite) parts of the main Sadlers prospect. Kaolin mineralisation is expected to be developed in the Upper Saprolite horizon and present within parts of the Lower Saprolite. A limited subset of 21 composite samples, from seven holes, were dispatched for further metallurgical testing by Independent Metallurgical Operations (IMO). The initial Metallurgical testing comprised -45µm wet sieving to determine the yield (%) of the kaolin mineralisation. Six of the 21 composite samples were selected for additional analysis, by IMO, on the -45µm fraction, including chemical analysis by X-Ray Fluorescence (XRF) and mineralogical analysis by X-Ray Diffraction (XRD). Note that the Kaolin yield range is broadly comparable with publicly reported results at other projects in Western Australia. Aankondiging • Mar 04
Accelerate Resources Limited Receives Assay Results from 3 Diamond Drill Holes from its Winter 2020 Drilling Campaign at the Rossland Gold Project Accelerate Resources Limited announced that it has received assay results from 3 diamond drill holes from its winter 2020 drilling campaign at the Rossland Gold Project located in central southern British Columbia. A total of 60.6m of NQ2 diamond core was drilled at the Novelty target which forms part of the Gertrude Prospect (Figure 2) located in the north western section of the Rossland Gold Project. Twenty- eight samples were selected for assay with drilling successfully intersecting high grade gold with accessory cobalt and silver. Drill hole RGP20-001 has successfully confirmed previous historic drilling that identifies north-south striking gold mineralisation extending over 100m and open at depth below 60 vertical metres. The host Skarn lithology at Novelty provides an additional gold target to the pyrrhotite hosted gold model that is the subject of the remainder of the Due Diligence work on behalf of Accelerate Resources. The primary Gertrude target, that hosts historic drilling (NB-94-1 6.1m @ 13.29g/t gold from 162m, NB-91-16 4.5m @ 12.7g/t gold from 164m and NB-94-2 1.5m @ 17.18g/t gold from 151m3) is planned to be drilled during second quarter of 2021. Aankondiging • Jan 19
Accelerate Resources Limited Announces Comet Gold Project Mineralisation Extended Accelerate Resources Limited provided an update with results from Reverse Circulation (RC) drilling at the Comet Gold Project, located in the Cue District of Western Australia. Drilling at Comet East comprised 10 holes for 702m designed to infill and extend drill coverage with the aim of defining gold resources amenable to open-pit mining. All assay results have now been received. Follow up drilling was completed in late December 2020. In total, ten RC holes (20CORC018 027) were drilled to infill section spacing to 40m along 160m of strike on the shallow dipping Comet East mineralised structure. The recently completed closer spaced drilling highlights higher grade gold zones occurring in quartz veined and sheared rocks at a well-defined sediment-basalt contact, confirming a robust geological model and excellent continuity of the mineralised zone, and providing additional confidence in any resource estimation and subsequent potential mining opportunity. The gold-prospective zone at Comet East may represent an underexplored new structural trend parallel to the adjacent Comet trend; the host to Westgold's active gold mines in the Comet-Eclipse Gold Camp. Aankondiging • Nov 20
Accelerate Resources Limited Appoints Richard Hill as Independent, Non-Executive Chairman Accelerate Resources Limited to announce the appointment of Mr. Richard Hill as an independent, Non-Executive Chairman of the Company. Mr. Hill joined the Board of Accelerate as a Non-Executive Director in July 2020. Following Mr. Hill's transition to the role of Non-Executive Chairman, Mr. Grant Mooney who is the founding Chairman of the Company, will remain as a Non-Executive Director of the Company. Aankondiging • Nov 12
Accelerate Resources Limited Commences Drilling at the Rossland Gold Project, BC Canada Accelerate Resources Limited advised that diamond drilling under the due diligence phase has commenced at the Rossland Gold Project located in central southern British Columbia. A single hole has been completed at the first of the targets, the Novelty Prospect (part of the Gertrude Prospect area). The first hole (RGP-20-001) has been drilled to a planned depth
of 60.6m. The core has been transported to Currie's Rossland office in accordance with Currie's Chain of Custody Protocols, and is currently being processed for delivery to the laboratory for analysis. Drilling will now move to the Mascot Prospect to test a number of priority targets. Drilling at the more elevated Eleanor and the Gertrude targets have been temporarily put on hold due to unseasonal weather conditions and access limitations. The number of meters planned to be drilled at these targets has been modified to accommodate the current weather conditions and drilling will re-commence once conditions improve. The Mascot Prospect, situated on the eastern flank of the Rossland Gold Project, has now been prioritized for immediate drill testing. Recent geological mapping has confirmed that the Mascot Prospect hosts three primary veins: Mascot Vein, Central Vein, and Kapai Vein, as well as the secondary Mascot North Vein. In 1894, three mine adits were developed on the Mascot lodes; records indicate that the Mascot Vein was mined to 120m with grades up to 9g/t5. Historic data from a VLF-EM survey completed in 2009 and 2012 was re-processed by Currie in 20193. This survey identified several significant VLF-EM anomalies at Mascot (Figure 2). Similar anomalies in the Rossland District are coincident with primary gold-bearing veins. Mapping further indicates that a very strong VLF-EM anomaly covers the
convergence of the Columbia-Kootenay Vein (which are outside of the prospect area and the subject of extensive historical mining) with the Kapai and the Mascot North Veins. This anomaly is the primary Mascot drill target. Several other drill targets have been identified and will be subject to drilling over the coming months. Aankondiging • Nov 02
Accelerate Resources Limited Announces Appointment of Kevin Joyce as Exploration Manager Accelerate Resources Limited announced the appointment of Kevin Joyce as Exploration Manager. Mr. Joyce is a geologist with over 25 years' experience in successful mineral exploration and development, particularly gold, in Australia and abroad. Mr. Joyce will be engaged on a consulting basis with the Company. Aankondiging • Oct 06
Accelerate Resources Limited Announces EM Anomalies Enhance Prospectivity at Rossland Gold Project Accelerate Resources Limited announced An 11 line km (50m x 12.5m spaced) VLF-EM survey was completed over the north western portion of the Rossland Tenement package and was designed to cover the entire "Gertrude Prospect" area. The VLF-EM raw data was processed by Southern Geosciences Consultants ("SGC") in Perth, Australia who also reprocessed historical VLF-EM data that covered the historic "Gertrude" Claim"2 and forms part of the current survey. SGC also provided an interpretation of EM anomalies and structures. The anomalies generated by SGC have been interpreted to reflect disseminated or semi-massive accumulations of sulphide minerals. The data has been collated by Currie Rose to include historic drilling, surface expressions of relevant geological significance and the relationship to historic underground workings both inside and outside of the prospect area. In addition, the data suggest either repetition of anomalous zones or down dip anomalies (VLF targets 3 & 5) as the historic drilling indicates a 70o dip to the north-east and as shown by the historical underground workings (off-project). Furthermore, at the very north-eastern part of the survey, a very strong EM anomaly (VLF targets 6 & 7) has been identified (North Veins) extending for over 600m with an off-setting fault and is yet to be drilled to any depth. The company considers that the VLF-EM survey has been a very successful geophysical tool in the Rossland area and has identified strong, coincident anomalies to the mapped surface expressions of the high-grade gold veins extending from the historic Le Roi and War-Eagle veins that produced over 2.7mozs gold2. These results have confirmed the Company's original interpretation and will be used as a guidein the upcoming diamond drill program at Gertrude planned to commence during October. Aankondiging • Oct 04
Accelerate Resources Announces Completion of Drilling At Comet Gold Project Accelerate Resources announced that it has recently completed its maiden drilling campaign initially targeting high priority mineralised gold trends at the Antarctica and Comet East prospects at the Comet Gold Project near Cue in Western Australia. The program consisted of 17 shallow Reverse Circulation (RC) drill holes (1,212m) which were designed to further investigate and extend shallow, high-grade, oxide gold intersections from historical reconnaissance RAB and RC drilling . The program was successfully completed with holes generally intersecting the targeted banded iron formation and other potential mineralised positions as planned. In total, 740 samples were submitted for fire assay analysis. The samples have been dispatched to the laboratory, with results expected in the coming weeks. Aankondiging • Sep 03
Accelerate Resources Limited announced that it has received AUD 1 million in funding On August 31, 2020, Accelerate Resources Limited (ASX:AX8) closed the transaction. The company has issued 14,880,557 shares for the gross proceeds of AUD 428,560 in its second and final tranche closing. The company has received AUD 1,000,000 in funding so far in the transaction. The transaction included participation from directors of the company for 508,905 shares including Grant Mooney for 127,226 shares and Yaxi Zhan for 254,453 shares and Terence Topping and Richard Hill, another director of the company for 4,000,000 shares. Aankondiging • Sep 02
Accelerate Resources Limited announced that it expects to receive AUD 1.7 million in funding Accelerate Resources Limited (ASX:AX8) announced a private placement of 34,000,000 common shares at a price of AUD 0.05 per share for gross proceeds of AUD 1,700,000 on September 1, 2020. The transaction will include participation from sophisticated and existing investors. The transaction will be completed in two tranches, a total of 24,649,448 in tranche 1 shares and 9,350,552 in tranche 2 shares will be issued subject to shareholder approval. The company intends to issue tranche 1 shares on or around September 11, 2020, but notes that the issue date is subject to change and the company anticipates holding a shareholder meeting on October 30, 2020, to seek approval for the issuance of the tranche 2 shares. Aankondiging • Jul 10
Accelerate Resources Limited announced that it expects to receive AUD 1 million in funding Accelerate Resources Limited (ASX:AX8) announced a private placement of 34,722,223 common shares at a price of AUD 0.0288 per share for gross proceeds of AUD 1,000,000.0224 on July 9, 2020. The transaction will include participation from sophisticated investors. The transaction will be completed in two tranches, a total of 19,841,666 in tranche 1 shares and 14,880,557 in tranche 2 shares will be issued subject to shareholder approval. The company intends to issue tranche 1 shares on or around July 15, 2020, but notes that the issue date is subject to change and the company anticipates holding a shareholder meeting in August 2020, to seek approval for the issuance of the tranche 2 shares. 
