AI assistant
ACCELERATE RESOURCES LIMITED Investor Presentation 2026
64477_rns_2026-05-27_e5a23eec-82ac-426e-b700-992547d7db9d.pdf
Investor Presentation
Open in viewerOpens in your device viewer
ACCELERATE RESOURCES
Advancing Gold & High-Grade Manganese in Western Australia
28 May 2026
79
Au
Gold
Precisus meta!
Belagundi Gold Project
25
Mn
Manganese
Steel and battery meta!
Isouda Moudia North
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Disclaimer & Supporting Statements
Disclaimer
This presentation has been prepared by Accelerate Resources Limited (Accelerate or the Company) and contains general information about the Company's activities as at the date of this presentation. The information is provided in summary form and does not purport to be complete. This presentation is not a prospectus, product disclosure statement or other disclosure document under the Corporations Act 2001 (Cth), and does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in the Company in any jurisdiction. Recipients should make their own enquiries and obtain independent professional advice before making any investment decision. An investment in the Company should be considered speculative. To the maximum extent permitted by law, the Company and its directors, officers, employees, advisers and agents make no representation or warranty as to the accuracy, completeness or reliability of the information contained in this presentation and accept no liability for any loss arising from its use.
Forward Looking Statements
This presentation may contain forward-looking statements regarding the Company's future activities, exploration results, resources, development potential, costs, prices, funding, strategy or growth. These statements are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company does not undertake to update or revise any forward-looking statement except as required by law.
Cautionary Statement
Where this presentation refers to visual observations or exploration results, investors are cautioned that such observations are preliminary in nature and should not be relied upon as a substitute for laboratory assay results or further technical assessment. Where information has been extracted from previous ASK announcements, Accelerate confirms that it is not aware of any new information or data that materially affects that information and, where applicable, that all material assumptions and technical parameters continue to apply and have not materially changed.
Competent Person Statement - Exploration (Gold)
Information in this presentation related to Exploration Results is based on information compiled by Mr Luke Meter. Mr Meter is a qualified geologist and a Member of the Australian Institute of Geoscientists (AIG) and the Australian Institute of Mining and Metallurgy (AusMM). Mr Meter has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves'. Mr Meter is employed by Accelerate Resources as its Chief Executive Officer and consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
Competent Person Statement - Exploration (Manganese)
Information in this presentation related to Exploration Results is based on information compiled by Dr. Joseph Drake-Brockman. He is a qualified geologist and a Fellow of the Australian Institute of Mining and Metallurgy (AusMM). Dr. Drake-Brockman has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves'. Dr Drake-Brockman is a consultant to Accelerate Resources and consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.
Competent Person Statement - Mineral Resources Estimate
Information in this presentation related to the Woodie Woodie North Mineral Resources Estimate is based on information compiled by Ms Felicity Hughes. Ms Hughes is an independent consultant at ERM Ltd. who was engaged by Accelerate Resources Ltd. and is a Member of the Australian Institute of Geoscientists (AIG) and the Australasian Institute of Mining and Metallurgy (AusMM). Ms Hughes has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Ms Hughes consents to the disclosure of the information in this report in the form and context in which it appears.
Competent Person Statement - Exploration Target
The information in this presentation that relates to the Woodie Woodie North Exploration Target is based on and fairly represents information and supporting documentation compiled by Mr Matthew Clark. The Exploration Target has been approved by Mr Clark, who is an independent consultant at ERM Ltd who was engaged by Accelerate Resources Ltd and is a Member of the Australian Institute of Mining and Metallurgy (AusMM). Mr Clark has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Clark has provided his prior written consent to the form and context in which the Manganese Exploration Target Statement appears in this presentation.
The entity confirms in the subsequent public report that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and in the case of estimated mineral resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
Related ASK Announcements
This presentation contains information extracted from the following market announcements which are available on the Company website www.ax8.com.au
- 19/05/2026: AX8 – Accelerate Expands Balagundi Gold Project and Divests Kanowna East in Maritana Deal
- 07/05/2026: AX8 – Second New Gold Discovery at Balagundi
- 20/04/2026: AX8 – Paris Gift Delivers 13m @ 1.25 g/t Au from Surface
- 30/03/2026: AX8 – High Priority Gold Target at Balagundi
- 16/02/2026: AX8 – Exceptional High-Grade Manganese Discoveries over 4km at Woodie Woodie North
- 13/02/2026: AX8 – Aircore Drilling Reveals New Gold Trend at Balagundi
-
27/01/2026: AX8 – First AX8 Drilling at Balagundi Defines Emerging Gold Shoot on Paris Gift Trend
-
20/11/2025: AX8 – High Grade Manganese in New Sites at Woodie Woodie North
- 23/10/2025: AX8 – Balagundi Gold Project Expanded with Iron Bound Earn-In
- 22/10/2025: AX8 – Surface Sample Results up to 32.9 G/t Au Highlight Multiple Targets at Balagundi
- 04/09/2025: AX8 – Accelerate Boosts Gold Portfolio with Earn-in of Balagundi Project near Kalgoorlie
- 03/09/2025: AX8 – First Pass Drilling Intersects Gold and Sulphide Zones Under Cover at Kanowna East
- 17/07/2024: AX8 – Prinsep Maiden Drilling Defines Large Lithium System
- 30/11/2023: AX8 – Maiden Manganese Mineral Resource Supports Growth Potential
- 25/05/2022: AX8 – Woodie Woodie North Manganese Demonstrates up to 48% Mn Premium Concentrate Potential
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Introducing Accelerate Resources (ASX:AX8)
Dual-growth platform targeting gold and manganese in Tier-1 WA mining districts
BALAGUNDI GOLD PROJECT
- Tier-1 location 15km east of Kalgoorlie
- Multi-corridor gold camp in the Norseman-Wiluna greenstone belt
- Footprint doubled to 62km² through 80% earn-in interest supported by acquired adjoining tenure
- Compelling discovery opportunity with limited exploration, especially since the late 1990s
- Early discovery success at Delta Trend and Spencers prospect
- Proximity to Kanowna Belle (+6Moz) and the Golden Mile (+60Moz)
W O O D I E W O O D I E N O R T H M A N G A N E S E PROJECT
- 432km² landholding in the East Pilbara
- 55km north of ConsMin's Woodie Woodie Mine
- Initial JORC Inferred Resource: 1.2Mt @ 19.1% Mn¹
- New high-grade corridors: Gingarrigan & El Largo (up to 59.4% Mn)
- Exploration Target: 5.3–10.7Mt at 10–19% Mn¹&² (excludes new El Largo and Gingarrigan corridors)
- 330km to Port Hedland (by road) — DSO pathway identified
¹ ASX Release: AX8 – 30/11/2023
Tier-1 Locations
WA's premier mining districts
Infrastructure Advantage
Existing roads, mills, ports
Early
Cashflow
DSO & toll-treatment pathways
Staged
Newsflow
Active drilling + resource growth
ACCELERATE RESOURCES
² Cautionary Statement: The potential quantity and grade of any Exploration Target described in this announcement is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource in accordance with the JORC Code (2012), and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is not being reported as part of a Mineral Resource or Ore Reserve. Please refer to Appendix 1 for additional clarification on the Exploration Target.
ACCELERATE RESOURCES
Board and Management Team
Experienced team aligned to drive value through discovery
Luke Meter
Chief Executive Officer
- Experienced Geologist with 18 years of active exploration, development and corporate experience.
- Previously Exploration Manager for Novo Resources and Artemis Resources and has an intimate understanding of the geology across the Pilbara mining district.
- Held senior roles and contributed to resource development of De Grey Mining's 11Moz Hemi Deposit and Dacian Gold's 1.2Moz Jupiter Deposit.
Richard Hill
Non-Executive Chairman
- Director and Chairman for a series of successful ASX-listed companies including as a founding Director of Aurelia Metals Limited (ASX:AMI)
- Past Chairman of Genesis Minerals Ltd (ASX:GMD) and New World Resources Limited (ASX:NWC).
- Non-Executive Director of Sky Metals Ltd (ASX:SKY).
- Qualified geologist and solicitor with over 25 years' experience in the resources sector
Mark Thompson
Non-Executive Director
- Over 30 years global experience in geoscience, technology, mineral industries and capital markets.
- Founder and Managing Director of Talga Group Ltd.
- Chairman of Kaoko Metals Limited (ASX: KAO) and previously founder and Director of Catalyst Metals Limited (ASX: CYL)
- Member of the Australian Institute of Geoscientists, Society of Economic Geologists, and Society of Vertebrate Paleontology.
Grant Mooney
Non-Executive Director & Co-Sec
- Principal of Perth based corporate advisory firm Mooney & Partners
- Serving as Director and Company Secretary for several ASX-listed companies, including Talga Group Ltd, Gibb River Diamonds Ltd, Carnegie Clean Energy Ltd, Aurora Labs Limited, and Riedel Resources Limited.
- A member of the Institute of Chartered Accountants in Australia
Vincent Algar
Technical Consultant
- Mining executive with over 30 years' experience in exploration, project development and corporate leadership.
- Former Managing Director of Shaw River Manganese, Australian Vanadium bringing direct manganese & critical minerals sector expertise and a strong track record in advancing resource projects, capital markets strategy and value creation across ASX-listed companies.
ACCELERATE RESOURCES
Corporate Summary
Highly leveraged to Exploration Success
Investor Snapshot
ACCELERATE
RESOURCES
Capital Structure
| ASX Code | ASX:AX8 |
|---|---|
| Share Price (25 May 2026) | $0.007 |
| Shares Outstanding³ | 1,251m |
| Options Outstanding⁴ | 9.2m |
| Performance Rights on Issue | 115.0m |
| Market Capitalisation⁵ | $7.1m |
| Cash & Equivalents⁶ | $1.88m |
| Debt | Nil |
- Shares Outstanding following Tranche 1 Placement (June 2026) / Shares Outstanding following Tranche 2 placement (July 2026) 1,411 million
- 6.5m unlisted AX8AY options exp 30-Nov-26 ex $0.05; 2.0m unlisted AX8AAB options exp 30-Apr-27 ex $0.075; and 0.75m unlisted AX8AAD options exp 30-Jun-27 ex $0.075
- Pre Tranche 1 and Tranche 2 placements announced AX8: 28/05/2026
- Post Tranche 1 Placement / $2.53m anticipated Post Tranche 2 Placement
- 2025 Annual Report
Share Price and Volume
Ownership
Board & Management 11.6%
Top 50 Holders 52.7%
Shareholders⁷ ~1,150
Dual-growth platform
ACCELERATE RESOURCES
Balagundi: Multi-Corridor Gold Camp
Consolidated scale, access and infrastructure optionality in a proven gold district.
-
Strategic address, not a remote greenfield story
15km east of Kalgoorlie in the Norseman-Wiluna Greenstone Belt, adjacent to major district structures near the Kanowna Shear Zone and Mt Monger Fault. -
Historically fragmented and underexplored
Held largely by prospectors and fragmented through much of its history, with limited systematic exploration since the late 1990s. -
80% landholding expansion resets the scale
Transaction with MRT grows Balagundi from ~34.5km² to ~62km² and captures an interpreted ~600m extension of the Delta Trend. -
Pathway optionality added early
Native Title land access agreement benefits and a 5-year Black Swan toll-treatment ROFR support a clearer path from discovery to development assessment.
Tier-1 Address
15km East of Kalgoorlie Superpit
In favourable structural setting
62km²
Project tenure
80% increase with MRT Transaction
Multiple Mineralised Structures
Including two new Delta Trend and Spencers discoveries
Field Scale Consolidation
Now explored as one gold system, not isolated occurrences
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Discovery Platform: Multiple Corridors
New undercover discoveries support a broader camp model beyond historic workings.
Low-cost, high-leverage Kalgoorlie exploration drilling story with discovery momentum and improving development optionality.
Balagundi has delivered two new discoveries since acquisition
The exploration model is shifting from narrow historic workings to multiple structural corridors under cover, where shallow drilling has begun to define coherent gold trends.
-
Delta Trend
New NW-trending undercover gold discovery. MRT tenure adds an interpreted ~600m strike extension, increasing potential strike to +800m and open. -
Spencers
Shallow N-S gold trend on M25/92 with ~300m strike defined to date and open down-dip / along strike. -
Paris Gift + Fluffy pipeline
Historic mining trend being tested for new shallow shoots, with Fluffy providing a larger-scale alteration / geophysical target for follow-up.
Near-term focus: Delta strike extensions, step-out drilling at Spencers and systematic ranking of the broader target pipeline across the expanded tenure.
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Woodie Woodie North Manganese Project
A high-grade manganese field with infrastructure leverage
High Grade Manganese
New discoveries at Gingarrigan and El Largo Corridors. Part of a 432km² strategic landholding with multiple walk-up DSO-potential drill targets over 42km of strike
Haul Road
Access to project and only 26km from a sealed road to Port Hedland and the Woodie Woodie Manganese Mine
55km to Woodie Woodie
Manganese Mine – 1.6Mt producing mine in continuous operation since 1950s
1.2Mt @ 19.1% Mn⁴ Established Mineral Resource Base
260 km to Port Hedland Bulk Commodity Port with Mn export capacity
ACCELERATE RESOURCES
4 Refer ASX Announcement: AXB - 30/11/2023 Maiden Manganese Mineral Resources Supports Growth Potential
9
ACCELERATE RESOURCES
Woodie Woodie North: High-Grade Mn Field Emerging
Gingarrigan and El Largo define a new high-grade growth platform in a proven WA manganese district
Discovery highlights
El Largo Corridor - Multiple new intense hydrothermal Mn & Fe outcrops over ~4km, with rock chips up to 59.4% Mn (AA813).
Gingarrigan Corridor - ~5km fault corridor with intense hydrothermal Mn & Fe outcrop over 1km. 48 of 65 samples exceeded 40% Mn with peak result 57.3% Mn. Historic Valiant drill 5m @ 41.6% Mn inc 1m @ 50.2% Mn (BX10)
Area 66 / DHZ - 80m high-grade vein, 1–5m thick; Area 66 assays include 56.7% Mn (AA484) and 47.1% Mn (AA490).
Salamander Prospect - high grade fault bound continuous outcrop of manganese mineralisation over 270m strike with peak assay of 50.3% Mn (AA809)
Clear drill pathway - Untested surface targets; heritage clearances schedule June 2026 and maiden RC drilling are the next key de-risking steps.
High-grade manganese at surface across multiple targets, with scale, grade and logistics driving the development case.
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Woodie Woodie North Manganese Project
Area 42 – Significant Potential to Expand Maiden Resource
- 2km x 2km area of intense hydrothermal (Fe and Mn) alteration along structures and at interface between Pinjian Chert and Carawine Dolomite.
- Drilling from 2021 to 2023 intersected significant Mn at eight prospects, many possibly connected at depth via structures.
- Drilling identified grades up to 50% Mn in RAB drilling;
- 6m at 39.8% Mn from 11m including 1m at 50.1% Mn (WNRC080)
- 6m at 36.8% Mn from 14m including 2m at 50.1% Mn (WNRC059)
- 5m at 31.1% Mn from 3m including 1m at 42.9% Mn (WNRC074)
- Re-interpretation and drill planning commenced for mid-2026.
ACCELERATE RESOURCES
ACCELERATE
RESOURCES
Woodie Woodie North: Mineral Resources & Metallurgy
Defined resource base plus proven DMS processing confirms a premium +40% Mn product platform
JORC INFERRED MINERAL RESOURCE
| 1.2 Mt
Total Resource
@ 15% Mn cut-off | | 19.1% Mn
Average Grade
Weighted | | Growth Potential
5.3–10.7 Mt @ 16-19% Mn²
Exploration Target – Excludes
Gingarrigan & El Largo | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Area | JORC | Mt | Mn % | Fe % | SiO₂ % | Al₂O₃ % | P % |
| Area 1 | Inf. | 0.04 | 17.2 | 14.6 | 25.8 | 2.2 | 0.1 |
| Area 3 | Inf. | 0.3 | 17.5 | 20.1 | 27.9 | 3.0 | 0.1 |
| Area 4 | Inf. | 0.2 | 16.1 | 21.8 | 34.0 | 2.3 | 0.1 |
| Area 42 | Inf. | 0.7 | 20.7 | 15.6 | 35.6 | 3.3 | 0.1 |
| TOTAL | Inf. | 1.2 | 19.1 | 17.6 | 33.1 | 3.0 | 0.1 |
METALLURGY & PROCESSING
Dense Media Separation (DMS)
Simple, proven, low-capital processing — produces a premium +40% Mn concentrate from WWN ore without complex hydrometallurgy⁸.
| 48% Mn | Upgraded concentrate via DMS testwork on Areas 3 & 4 material (2010) |
|---|---|
| 41.4% Mn | Area 42 bulk surface sample lump product — DSO-grade without processing |
| +40% Mn | Premium benchmark met by WWN ore through simple DMS — battery & alloy grade |
Blue tablets identify completed MRE areas within the broader WWN corridor
¹ ASX Announcement: AX8 – 25/05/2022
Accelerate Resources
Proposed News Flow Timeline
Consistent flow of results and activities designed to grow value across AX8's diversified project suite for the remainder of 2026
JUNE 2026
- Balagundi - Fluffy AC Results
- Balagundi – Commencement of Spencers RC Drilling
- Woodie Woodie North – Start of Gravity Survey
JULY 2026
- Woodie Woodie North – Gravity Results
- Woodie Woodie North – Commencement of Heritage Surveys
- Balagundi – Spencers RC Results
AUGUST 2026
- Woodie Woodie North – Commencement of RC Drilling Gingarrigan & EL Largo
- Woodie Woodie North – Geology update
- Balagundi – Delta Trend Heritage Survey
SEPTEMBER 2026
- Woodie Woodie North – RC resumes at Area 42
- Balagundi – Delta Trend AC orientation drilling
Q4 2026
- Woodie Woodie North – Initial Gingarrigan & El Largo RC Drill Results
- Woodie Woodie North – Area 42 RC Drill Results
- Balagundi – Delta Trend RC Drilling
ACCELERATE RESOURCES
13
ACCELERATE RESOURCES
ACCELERATE RESOURCES
Contact Us
Chief Executive Officer
Luke Meter
P: (+61) 08 6248 9663
E: [email protected]
Office Address
Ground Floor
16 Ord Street,
West Perth WA 6005
Website
www.ax8.com.au
ACCELERATE RESOURCES
Appendix 1: Woodie Woodie North Exploration Target
Classification of the 5.3 – 10.7 Mt at 10 – 19% Mn Exploration Target
ACCELERATE RESOURCES
The Exploration Target has been prepared in accordance with the 2012 edition of the JORC Code and is based on the current geological understanding of the geometry of the mineralised manganese occurrences. This understanding has been developed through detailed surface mapping and exploration drilling completed to date.
The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. It is an aspirational statement based on the company's view that continued exploration of the numerous untested manganese outcrops will continue to locate manganese mineralisation and with sufficient drilling add to the total resource.
The Exploration Target demonstrates potential for additional Mineral Resources with further resource definition drilling of extensions to the Mineral Resources at Areas 1, 3, 4, and 42 (displayed on slide 11). In addition, other prospect areas have defined exploration targets based on the integration of exploration information including geological surface mapping and historical drilling data.
Preparation of the Exploration Target involved the integration of different datasets, including detailed surface mapping of manganese mineralisation, rock-chip sampling and RC drilling.
Mineralisation volumes were estimated using a combination of simple 3D wireframe models (based on drilling) as strike extensions to the MRE in Areas 1, 3, 4 and 42 where Mn mineralisation is not closed by drilling (i.e. remains open) and using mapped mineralised outcrop in areas with limited drilling. The wireframe models were generally extended approximately 50 m along strike from the MRE. The mapped mineralised outcrop was used to calculate approximate surface areas, with the average thickness of mineralisation estimated from adjacent drill holes or outcrop heights. The minimum thickness was 5 m and the maximum was 20 m. There is insufficient data to estimate true widths of the mineralisation.
The upper and lower tonnage ranges were based on a nominal 100% and 50% of the mineralisation volumes respectively. A density of 3.5 t/m³ was used to generate tonnages in all areas. Consideration was given to the pod-like nature of Mn mineralisation and limited strike and depth continuity.
Mineralised outcrop volumes: outcrop surface area (m²) × depth (m) = Exploration Target volume (m³)
Exploration Target tonnage = Exploration Target volume (m³) × Density (3.5 t/m³)
The grade range was guided by the RC drilling sample assay data for each target area and prospect. The assay data was filtered above a nominal 8.5% Mn cut-off. The upper and lower grade ranges are based on the assay sample statistics for each area reported, with the 25th and 75th percentiles of the data used respectively. For target areas with no RC drilling, the nominal global grade range of 10 – 20% Mn was assigned.
ACCELERATE RESOURCES