Accelerate Resources Ltd - Company Profile
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Accelerate Resources Ltd (Accelerate) is a metals and mining company. It explores precious and industrial minerals projects. The company owns interests in three major projects, namely, Comet Gold Project and Rossland Gold Project. The company also operates various lithium projects in Western Australia including Karratha Lithium Projects, East Pilbara and Windi Lithium projects, Garden Rock Lithium Project in the Murchison region and Woodie Woodie North Manganese Project. Its Comet Gold Project has five exploration licenses. The company owns 100% interest in the Comet Gold Project. Rossland Gold Project plant has been described as a Jurassic, intrusive Related Gold-pyrrhotite Vein Deposit. The company operates in Western Australia and Canada. 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/site/content
Telephone
61 8 62489663
Industry
Metals and Mining
Ticker Symbol & Exchange
AX8 (ASX)
EPS
XYZ
Net Income (2023)
XYZ
-89%
(2023 vs 2022)
Market Cap*
$18.1M
* As of and is in US$
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 |
|---|---|---|
| 2024 | Plans/Strategy | In February, the company announced its plans to sell two non-core ELs in East Pilbara, Western Australia, to FMG Resources. |
| 2023 | Plans/Strategy | In November, the company completed a detailed mapping and sampling survey to identify new lithium resources across the Prinsep Lithium Project. |
| 2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired the Woodie Woodie Manganese Project and East Pilbara Lithium Project. |
Competitor Comparison
| Key Parameters | Accelerate Resources Ltd | KGL Resources Ltd | Legend Mining Ltd | Constellation Resources Ltd | Tivan Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Perth | Brisbane | Perth | Perth | Subiaco |
| State/Province | Western Australia | Queensland | Western Australia | Western Australia | Northern Territory |
| No. of Employees | - | 21 | 9 | - | 8 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yaxi Zhan | Director | Executive Board | 2024 | - |
| Luke Meter | Chief Executive Officer | Senior Management | 2024 | - |
| Richard Hill | Chairman | Non Executive Board | 2020 | - |
| Steve Bodon | Director | Non Executive Board | 2022 | - |
| Grant Mooney | Director | Non Executive Board | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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