Accelerate Resources Unlocks Value at Comet Gold with Strategic JV

Accelerate Resources (ASX: AX8) has inked a joint venture deal with Caprice Resources (ASX: CRS) at the Comet Gold Project in Western Australia, a move that hands over the reins to a proven explorer while preserving a meaningful stake in any upside.

Under the earn-in agreement, Caprice will acquire a 75 percent interest in the Comet Gold Project in the Murchison Goldfields, providing Accelerate with an upfront package worth $250,000. That includes $50,000 in cash and $200,000 in Caprice shares, based on the five-day volume weighted average price prior to the deal.

Importantly, Accelerate will retain a 25 percent free-carried interest through to the completion of a Pre Feasibility Study, allowing it to participate in future discovery and development success without the burden of funding.

The deal structure includes a standard dilution clause. Should either party’s interest fall below 10 percent, it will convert to a one percent net smelter royalty, with Caprice holding a one million dollar buyback right on that royalty.

Accelerate CEO Luke Meter said the deal aligns perfectly with the company’s dual focus — monetising non-core assets while sharpening its exploration strategy in the Kalgoorlie region.

“We are delighted to partner with Caprice Resources — a highly active and successful explorer at the nearby Island Gold Project — to unlock the value of the Comet Gold Project,” Meter said. “Caprice’s track record and geological knowledge make them an ideal operator, and we are confident in their ability to drive discovery.”

The Comet Project lies close to Caprice’s Island Gold Project, where ongoing exploration has delivered promising results. The proximity offers potential synergies in exploration knowledge and logistics.

Accelerate’s move is part of a broader strategic realignment. The company is increasingly focused on its Kalgoorlie assets, including the Kanowna East and Balagundi Gold Projects. Both lie within 25 kilometres of Kalgoorlie and have returned encouraging early stage results. The Balagundi earn-in has added scale and prospectivity, while drilling at Kanowna East continues to deliver promising intercepts.

By handing over operatorship of Comet and retaining a free-carried stake plus shares in Caprice, Accelerate stands to benefit from any success without deploying additional capital — a savvy move in today’s exploration climate.

This transaction provides Accelerate with near term financial uplift, continued exposure to one of WA’s most prospective gold belts, and the flexibility to direct resources toward its emerging Kalgoorlie hubs.