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Alchemy Resources Limited ( (AU:ALY) ) has shared an update.
Alchemy Resources Limited has commenced an Induced Polarisation (IP) survey at its Yellow Mountain Project in New South Wales, aiming to map anomalies associated with sulphide mineralisation. This initiative follows significant results from recent reverse circulation drilling, which highlighted the potential scale and continuity of copper-gold mineralisation. The IP survey is expected to refine high-priority drill targets for further exploration in early 2026, presenting a significant opportunity for stakeholders as the company aims to expand its mineralised footprint.
More about Alchemy Resources Limited
Alchemy Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects such as Karonie, Lake Rebecca, Lachlan, West Lynn, Bryah Basin Iron Ore, and Bryah Joint Venture, with a primary market focus on copper, gold, lead, zinc, and silver mineralisation.
Average Trading Volume: 6,078,815
Technical Sentiment Signal: Sell
Current Market Cap: A$9.5M
For an in-depth examination of ALY stock, go to TipRanks’ Overview page.