Alchemy Resources Limited (AU:ALY) has released an update.
Alchemy Resources Limited reported significant progress on its Karonie Gold-Lithium Project in Western Australia, with assays showing extensive lithium anomalies and detailed mapping planned to inform future drilling. The company also highlighted high-grade iron ore assays at its Valley Bore prospect and has advanced land access agreements in New South Wales, setting the stage for exploration in the second half of the year. With a cash reserve of $3.06 million, Alchemy is gearing up for a comprehensive exploration and drilling program across its portfolio.
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