Accelerate Resources Advances Dual Gold and Manganese Targets in WA with New High-Grade Zones

Balagundi Gold Project Reveals Expanding Mineralised Corridors

Accelerate Resources continues to paint an increasingly compelling picture at its Balagundi Gold Project near Kalgoorlie, with drilling confirming gold mineralisation over a 300-metre strike at the Paris Gift Trend. Phase 1 RC results included notable intercepts such as 6 metres at 1.47 grams per tonne (g/t) gold, while subsequent Phase 2 RC drilling (reported post-quarter) reinforced near-surface potential with hits like 13 metres at 1.25 g/t from surface and a higher-grade 1 metre at 11.48 g/t within broader zones. This supports the company's emerging model of high-grade shoots along structurally controlled corridors.

Further expanding Balagundi’s footprint, Phase 1 aircore drilling uncovered the new Delta Trend beneath transported cover, returning 8 metres at 0.40 g/t and 16 metres at 0.39 g/t gold. This northwest-trending structure aligns with historical drilling results, including 21 metres at 1.45 g/t, confirming mineralisation over at least 150 metres strike and indicating multiple mineralised corridors across the project. The discovery signals a broader system than previously understood and opens fresh exploration avenues beyond the historically mined Paris Gift area.

Accelerate also bolstered its landholding by acquiring the Spencer’s Prospect mining lease within Balagundi, which hosts historical workings and two large shafts along a northeast-trending gossanous structure. This acquisition adds a high-priority target to the portfolio, complementing ongoing geophysical and geochemical work that recently refined targets at the Fluffy Prospect. Fluffy, with historical intercepts up to 45 metres at 1.35 g/t gold and rock chips up to 32.9 g/t, saw a 1,500-metre aircore program completed in April to test newly identified targets from a Gradient Array Induced Polarisation survey.

Woodie Woodie North Emerges as High-Grade Manganese Hub

At the Woodie Woodie North Manganese Project in the Pilbara, rock chip sampling has revealed exceptional manganese grades up to 59.4% Mn, significantly surpassing the existing resource grade of 19.1% Mn. These results come from the El Largo Corridor, a newly identified 4-kilometre zone of hydrothermal alteration, alongside the nearby Gingarrigan corridor, which has also yielded samples exceeding 54% Mn. This cluster of high-grade manganese prospects suggests the emergence of a new centralised manganese hub with potential to materially expand the project’s inventory beyond the current 1.2 million tonnes inferred resource and exploration targets.

Exploration activities were paused during the wet season, but Accelerate has initiated heritage discussions with Traditional Owners, scheduling surveys for June 2026 to facilitate future drilling. This groundwork is critical for unlocking the high-grade targets defined by recent mapping and sampling, positioning the company to advance toward resource delineation and potential development.

Corporate Strategy and Financial Position

Accelerate Resources has sharpened its corporate focus around a Western Australian growth platform centred on the Balagundi gold and Woodie Woodie North manganese projects. This dual-commodity approach aims to leverage established mining districts and infrastructure to potentially reduce capital intensity for any future development. The company reinforced its technical team with the appointment of Vincent Algar, an experienced manganese exploration and development executive, to support strategic initiatives and geological interpretation.

Financially, Accelerate ended the quarter with $1.408 million in cash and equivalents, excluding approximately $113,000 in listed investments. The company spent $661,000 on exploration and evaluation during the quarter and maintains a funding runway of approximately 1.6 quarters based on current expenditure levels. Management anticipates maintaining similar operating cash flows in the near term and expects to raise additional funds through equity financings as required.

Accelerate’s recent exploration momentum, including the discovery of the Delta Trend and the high-grade manganese corridor at Woodie Woodie North, builds on its ongoing efforts to unlock value across its portfolio. The company’s integrated strategy and upcoming assay results from the Fluffy Prospect aircore drilling will be key milestones to watch in the coming months as it seeks to validate and expand its resource base.

These developments follow the company’s recent shallow gold results at Paris Gift and high-grade manganese hits at Woodie Woodie North, underscoring the potential for near-term discoveries to reshape Accelerate’s project outlook.