Accelerate Starts Gingarrigan Drilling As $1 Million Placement Backs Exploration
Closing price · 2026-10-26: $0.005 · +0.00%
Accelerate Resources has begun its first modern drilling at Gingarrigan, targeting manganese mineralisation outside its existing resource, with the rig expected to move next to resource-extension drilling at Area 42. The company has firm commitments for a placement raising approximately $1 million to fund exploration and working capital; a separate proposed director participation is subject to shareholder approval.