Accelerate Resources Ltd - Company Profile
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Accelerate Resources Ltd (Accelerate) is a mineral explorer that carries out the discovery and development of critical metals and gold assets. Its main activities include exploration and resource development of lithium, manganese, and gold projects. The company's major projects are the Karratha Lithium Projects, Woodie Woodie North Manganese Project, and Comet Gold Project. Accelerate's products are primarily used in the electric vehicle and clean energy sectors, catering to industries that require critical metals. It operates in Western Australia, with projects located near established mining hubs and key infrastructure. The company targets the Asian electric vehicle markets for its exports. Accelerate is headquartered in Perth, Western Australia, Australia.
Headquarters
Australia
Address
Ground Floor Suite 1/ 16 Ord Street, Perth, Western Australia, 6005
Website
www.ax8.com.au
Telephone
61 8 62489663
Industry
Metals and Mining
Ticker Symbol & Exchange
AX8 (ASX)
Revenue (2024)
$17,700
803%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
110.1%
(2024 vs 2023)
Market Cap*
$5.2M
Net Profit Margin (2024)
XYZ
101.1%
(2024 vs 2023)
* As of and is in US$
Accelerate Resources Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Gold |
| Lithium |
| Manganese |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In October, the company signed an agreement with Comet Exploration Project, under which Caprice will acquire the Comet Exploration Project from Accelerate Resources. |
| 2024 | Contracts/Agreements | In March, the company entered into a Native Title and Heritage Exploration Agreement (NTA) with the Ngarluma Aboriginal Corporation (NAC) in preparation for drilling at the Prinsep Lithium Project in Pilbara, Western Australia. |
| 2024 | Plans/Strategy | In February, the company announced its plans to sell two non-core ELs in East Pilbara, Western Australia, to FMG Resources. The proceeds generated from the sale of the exploration licenses will be allocated to the budget for the forthcoming exploration and drilling campaign at Prinsep, as well as the company's expansive Karratha Lithium Projects portfolio. |
Competitor Comparison
| Key Parameters | Accelerate Resources Ltd | Wildcat Resources Ltd | Legend Mining Ltd | Aruma Resources Ltd | Constellation Resources Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Perth | Perth | Perth | Perth | Perth |
| State/Province | Western Australia | Western Australia | Western Australia | Western Australia | Western Australia |
| No. of Employees | - | 15 | 5 | - | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Richard Hill | Chairman | Non Executive Board | 2020 | - |
| Luke Meter | Chief Executive Officer | Senior Management | 2024 | - |
| Beverley Nichols | Chief Financial Officer | Senior Management | 2021 | - |
| Grant Mooney | Director; Secretary | Non Executive Board | 2025 | - |
| Mark Thompson | Director | Non Executive Board | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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