Accent Resources NL (ASX:ACS) Advances Magnetite and Gold Projects
Project Developments
Accent Resources NL has progressed its Magnetite Range Project by completing geological logging of 18 geometallurgical diamond holes drilled in Q2 2024. The company has initiated metallurgical test work at Bureau Veritas laboratory in Perth and commenced waste rock characterisation studies. Desktop prospectivity reviews of E59/2719 and E59/2879 have been completed as part of a regional target generation exercise. Planning for the 2025 exploration reverse circulation percussion (RCP) drill programme has been finalised, and geological field reconnaissance was completed during the quarter. Environmental surveys for future drilling activity were conducted over three drill target areas and two access tracks. Heritage clearance surveys are scoped to begin in Q1 2025.
At the Norseman Gold Project, Accent Resources has prepared a new mine lease application to consolidate the project’s tenement portfolio and align with conceptual mining plans.
Financial Highlights
As of December 31, 2024, Accent Resources maintained a cash balance of $10.64 million. Exploration expenditure for the quarter totaled $861,000. The company’s capital structure consists of 473,127,283 ordinary fully paid shares, with a 12-month high-low share price range of $0.017 to $0.006.
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