Accelerate Resources (ASX:AX8) targets first drilling at Fluffy in 30 years

Accelerate Resources has advanced the Fluffy Prospect within its Balagundi Project in Western Australia, positioning it as a high-priority gold target supported by both historical results and recent technical work.

The company is now preparing to drill the prospect for the first time in more than 30 years, with a 1,500m Aircore program scheduled for early Q2 2026.

Highlights

• Historic drilling returned intersections including 45m @ 1.35g/t Au, 10m @ 1.16g/t Au and 6m @ 1.85g/t Au
• Rock-chip sampling delivered results up to 32.9g/t Au and 29.2g/t Au
• Recent geophysical and geochemical work refined a mineralised target beneath shallow cover
• 1,500m Aircore drilling program planned across multiple priority targets
• First drilling at the Fluffy Prospect in more than 30 years targeted for early Q2 2026

The Fluffy Prospect sits within the Balagundi Project, approximately 15km east of Kalgoorlie in the Norseman–Wiluna Belt of the Yilgarn Craton, a region that hosts major deposits including Northern Star’s +6Moz Kanowna Belle gold mine and the +70Moz KCGM Super Pit.

The project itself spans approximately 27km² of geology described as highly prospective, incorporating porphyritic basalts, dolerite sills, sediments and felsic intrusives in a setting considered favourable for Archaean gold systems.

Historically, the Fluffy Prospect has been defined by shallow workings and wide-spaced drilling, which returned multiple anomalous to ore-grade gold intersections.

These include 45m @ 1.35g/t Au, 10m @ 1.16g/t Au and 6m @ 1.85g/t Au. Despite these results, drilling has not been undertaken since the 1990s due to tenement ownership constraints, leaving the broader target only lightly tested.

This gap in systematic drilling underpins the company’s current approach, which integrates modern geophysics and geochemistry to refine targeting beneath shallow transported cover.

Recent work has focused on delineating structural and lithological controls, with a Gradient Array Induced Polarisation survey outlining previously unrecognised trends and tracing the prospective Catrock contact beneath cover.

This contact is now considered a key control on mineralisation and forms the basis for upcoming drill targeting.

In parallel, arsenic geochemistry has been used as a pathfinder, with modelling defining a broad and coherent anomaly aligned with historical workings and extending into underexplored areas along the same contact.

Rock-chip sampling further supports the prospectivity, with assays including 32.9g/t Au, 29.2g/t Au, 15.8g/t Au and 6.6g/t Au from iron-stained, quartz-poor rocks near historical workings.

The limited quartz vein content observed in these samples is considered encouraging, as it may indicate a gold-sulphide association linked to a broader lode-style mineralised system within the prospect area.

Within this context, management has framed the upcoming program as a test of both extensions and new targets derived from integrated datasets.

As Accelerate Resources Chief Executive Officer Luke Meter stated,

“Fluffy is shaping as another compelling gold target within Balagundi Project. Historic drill and rock-chip results confirm the presence of gold mineralisation, and our recent geophysical and geochemical work has sharpened drill targeting beneath shallow cover. With first drilling planned in more than 30 years, we are looking forward to testing this underexplored target in early Q2.”

The planned 1,500m Aircore program will test extensions of the prospective Catrock contact and coincident arsenic anomalies beneath shallow cover, with multiple priority targets generated from integrated geological mapping, geochemistry and geophysics.

In that context, the upcoming drilling represents the first systematic test of a redefined geological model at Fluffy, combining historical intercepts with contemporary targeting tools.

The outcome of this program will determine whether the interpreted structures and geochemical vectors translate into coherent mineralised zones at depth, providing the next layer of definition for the Balagundi Project within a well-established gold district.

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