Alchemy Resources Limited (AU:ALY) has released an update.
Alchemy Resources Limited has secured access to key exploration licenses in NSW, enabling them to commence a significant exploration program at the Yellow Mountain Prospect with historic high-grade copper findings. The company has reached an agreement with the NNWW native title claimants, ensuring exploration is conducted with their consent and in compliance with heritage protection. Alchemy, with $3m in cash reserves, is set to begin structural mapping and drilling activities that have not been undertaken since 1986.
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