How Accelerate Resources Is Unlocking High-Grade Gold and Manganese Potential

Balagundi Gold Exploration Accelerates

Accelerate Resources Limited (ASX, AX8) has made significant strides in its gold exploration efforts during the December 2025 quarter, focusing on the highly prospective Balagundi Project near Kalgoorlie. Following the execution of an earn-in agreement, the company commenced drilling activities, completing six reverse circulation holes and 31 aircore holes targeting the Paris Gift structure. While assay results are still pending, early surface sampling at the Fluffy Gorilla prospect yielded an impressive 29.2 grams per tonne gold, underscoring the potential for multiple high-grade targets within the project area.

Further consolidating its position, Accelerate expanded the Balagundi tenure through an earn-in agreement at the Iron Bound prospect. This addition brings walk-up drill targets and historic workings into the fold, enhancing the project's scale and exploration upside.

Strategic Partnerships and Capital Strengthening

In a move to streamline its portfolio and focus on core assets, Accelerate entered a strategic joint venture with Caprice Resources Ltd at the Comet Gold Project in the Murchison region. Under the agreement, Caprice earns a 75% interest, while Accelerate retains a 25% free-carried stake through to the completion of a pre-feasibility study. This arrangement allows Accelerate to benefit from ongoing exploration upside without funding commitments, aligning with its strategy to sharpen focus on the Kalgoorlie region.

Financially, the company bolstered its capacity to advance exploration by raising $900,000 through a placement to professional and sophisticated investors. This capital injection lifted Accelerate’s cash position to approximately $2.4 million at quarter-end, providing a solid foundation for upcoming drilling campaigns and field programs.

Manganese Exploration Gains Momentum in Pilbara

Beyond gold, Accelerate has also intensified exploration at its Woodie North Manganese Project in the Pilbara. Rock chip sampling across the Gingarrigan Corridor revealed exceptional manganese grades exceeding 40%, with standout samples reaching over 57% manganese content. These results highlight extensive, high-grade outcropping mineralisation along a newly interpreted 3.2-kilometre corridor, which remains largely untested by drilling.

The company has secured additional ground through exploration licence applications, consolidating control over the full strike extent of the prospective manganese horizon. This strategic expansion enhances the potential scale of the Woodie North project and positions Accelerate well within a globally significant manganese field, critical for battery and industrial markets.

Outlook and Strategic Focus

While gold exploration remains the near-term priority, Accelerate continues to evaluate options for its lithium projects in Karratha and potential divestments or co-investments in manganese assets. The company’s disciplined approach to portfolio optimisation, combined with a strengthened balance sheet, sets the stage for focused growth in its core Kalgoorlie gold district and emerging manganese opportunities.