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Alchemy Resources Limited ( (AU:ALY) ) has issued an announcement.
Alchemy Resources has confirmed multiple lithium and pathfinder element anomalies at its Roe Hills Joint Venture project in Western Australia, identified through a 211-hole aircore drilling program completed in late 2025. The company will now commence a reverse circulation drill campaign of up to nine holes totaling around 1,500 metres over the next two weeks to test high-priority lithium-caesium-tantalum pegmatite targets that coincide with major structural trends and both outcropping and newly discovered pegmatites, under a farm-in and joint venture with JOGMEC, which can earn a 51% stake by funding up to $6 million by March 2029.
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 lithium and other battery and base metals, with key projects in Western Australia and New South Wales including Karonie, Lake Rebecca, Roe Hills, the Lachlan and West Lynn projects, and interests in the Bryah Basin. The company is seeking to expand its lithium footprint in the highly prospective Eastern Goldfields region of Western Australia, positioning itself near established deposits such as Global Lithium Resources’ Manna project.
Average Trading Volume: 6,075,988
Technical Sentiment Signal: Sell
Current Market Cap: A$11.88M
Learn more about ALY stock on TipRanks’ Stock Analysis page.