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Alchemy Resources Limited ( (AU:ALY) ) has provided an update.
Alchemy Resources Limited has made significant progress in its exploration activities across multiple projects. At the Karonie Project, the company has identified three large target areas for follow-up exploration in collaboration with JOGMEC, focusing on gold and lithium. The acquisition of the remaining interest in the Bryah Project enhances Alchemy’s position in the iron ore market, with promising prospects at the Valley Bore site. Additionally, the Lachlan Projects in New South Wales are advancing with drill planning and mapping to follow up on high-grade assay results from previous fieldwork. These developments are expected to strengthen Alchemy’s operational capabilities and market positioning.
More about Alchemy Resources Limited
Alchemy Resources Limited is an exploration company focused on gold, lithium, iron ore, and base metals projects primarily in Western Australia and New South Wales. The company engages in joint ventures and farm-in agreements to advance its projects, with a notable partnership with the Japan Organization for Metals and Energy Security for the Karonie Gold-Lithium Project.
Current Market Cap: A$7.07M
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