Accelerate Resources to fast-track Spencers gold discovery

• Aircore drilling confirms new mineralised gold trend at Balagundi
• 300m open-ended discovery at Spencers sets up high-priority follow-up target
• Number of significant shallow gold intersections drilled
• Discovery validates Accelerate’s ground consolidation strategy at Balagundi

Accelerate Resources (ASX: AX8) is advancing the Spencers prospect as a priority follow-up target within the Balagundi project after announcing it as a new WA gold discovery near Kalgoorlie.

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Following the receipt of positive assay results from phase two aircore drilling at Balagundi the company has commenced permitting for RC drilling at Spencers.

In a move to ramp-up exploration, drilling at Spencers is scheduled to commence in the coming weeks.

CEO, Luke Meter, said the planned RC program will test the Spencers mineralised structure down-dip and along strike while assessing the potential for higher-grade shoots within the broader mineralised envelope.

Mr Meter said the results continue to build the case that Balagundi hosts multiple mineralised structures beyond the historic workings, many of which have seen limited modern exploration.

“The phase two aircore program has delivered another outstanding result for Accelerate,” he said.

“The discovery of a new shallow gold zone at Spencers, within tenure the company has only recently acquired is a significant milestone and marks the second new mineralised trend we have identified at Balagundi since commencing exploration in late 2025, following the discovery of the Delta Trend earlier this year.

“What is particularly encouraging is the coherence of the mineralised structure defined to date. We now have approximately 300m of interpreted strike at Spencers, with shallow, broad gold intercepts and the system remaining open down-dip and along strike.

“Importantly, the discovery also validates our recent ground consolidation strategy, with the strongest results from this program returned from newly acquired tenure.”

Drilling at Spencers has defined a coherent north-south striking gold structure over approximately 300m of interpreted strike, with the mineralised system remaining open down- dip and along strike.

A total of 59 aircore holes for 3,614m were completed as part of the phase two AC program at Balagundi.

Drilling targeted extensions to the Paris Gift–Delta trend and new prospect areas at Spencers and Catrock.

Significant shallow gold intersections at Spencers were 28m at 1.01 grams per tonne (g/t) including 8.0m at 1.78g/t Au and 8.0m and 1.37 g/t and 8.0m at 1.42 g/t within a larger 20m at 0.76 g/t intersection.

AX8 is steady at 0.8¢. Mkt cap $8.089M.

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