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Alchemy Resources Limited ( (AU:ALY) ) has provided an announcement.
Alchemy Resources reported strong exploration progress in the December 2025 quarter, highlighted by completion of a 211-hole aircore program over high-priority lithium targets at the Roe Hills area of its Karonie Project in Western Australia, under a farm-in joint venture with Japan’s JOGMEC. Assays from these pegmatite-hosted targets returned broad zones of lithium-related mineralisation, leading to the commencement of follow-up RC drilling after quarter-end, while the company closed the period with $1.02 million in cash after $379,000 in net exploration spend.
In Western Australia’s Bryah Basin, Alchemy signed a binding agreement with Newcam Minerals that allows Newcam to earn 60% of the company’s iron ore assets while leaving Alchemy with a 40% free-carried stake to a decision to mine, supported by $1 million in staged option payments and a premium equity subscription; a maiden RC program at Valley Bore delivered exceptionally high-grade iron ore intercepts, underpinning the project’s potential. In New South Wales, RC drilling at Yellow Mountain confirmed and expanded base metal and gold mineralisation with long CuEq intercepts in all five holes, and IP surveys defined strong chargeability anomalies aligned with the current geological model and in untested areas, positioning Alchemy for further resource growth and exploration catalysts across its diversified commodity portfolio.
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 mineral exploration company focused on discovering and advancing lithium, gold, base metals and iron ore projects across Western Australia and New South Wales. Its key assets include the Karonie and Roe Hills lithium-gold projects, Bryah Basin iron ore interests, and the Lachlan and Yellow Mountain base metals-gold projects, with a strategy that leverages joint ventures to fund exploration and de-risk development.
Average Trading Volume: 5,704,332
Technical Sentiment Signal: Sell
Current Market Cap: A$11.88M
For detailed information about ALY stock, go to TipRanks’ Stock Analysis page.