Alchemy Flags New High-Priority Drill Targets at Yellow Mountain Copper Project

Alchemy Resources Limited ( (AU:ALY) ) has issued an announcement.

Alchemy Resources has reported strong induced polarisation (IP) anomalies at its Yellow Mountain copper project in New South Wales, with chargeability responses up to 35mV/V that align closely with existing geological and mineralisation models. Inversion modelling has identified two robust drill targets immediately along strike from recent high-grade intercepts, including 113m at 1.17% CuEq and 31m at 1.54% CuEq, and the newly defined geophysical anomalies extend into previously untested areas, providing a clearer framework for expanding the known copper system. The company says the close spatial correspondence between IP responses and known mineralised zones significantly improves targeting efficiency and reduces exploration risk, positioning Yellow Mountain for a value-adding next phase of drilling, with heritage surveys set to begin in February 2026 and drill planning already well advanced.

The most recent analyst rating on (AU:ALY) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alchemy Resources Limited stock, see the AU:ALY Stock Forecast page.

More about Alchemy Resources Limited

Alchemy Resources Limited is an Australian exploration company focused on copper and other base and precious metals, with a portfolio of projects including Yellow Mountain in New South Wales and several gold and iron ore interests in Western Australia and the Lachlan region. The company’s strategy centres on advancing early-stage and historic mineral projects through modern exploration to define economically viable resources in established mining jurisdictions.

Average Trading Volume: 5,869,260

Technical Sentiment Signal: Sell

Current Market Cap: A$11.88M

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