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The latest update is out from Alchemy Resources Limited ( (AU:ALY) ).
Alchemy Resources has reported its quarterly cash flow for the period ended 31 March 2026, showing continued spending on exploration and corporate costs against a modest cash balance. The explorer recorded net operating cash outflows of A$176,000 for the quarter, driven mainly by staff, administration and corporate expenses, and a further A$255,000 in exploration and evaluation investment.
Over the nine-month year-to-date period, the company has used A$414,000 in operating cash and A$1.03 million on exploration, partly offset by A$550,000 in income from an option over a part-acquisition of an Alchemy project and a prior A$250,000 equity raising. Cash on hand declined from A$1.23 million at the start of the period to A$1.02 million, underscoring the group’s reliance on external funding to sustain its exploration-led growth strategy and ongoing project work.
More about Alchemy Resources Limited
Alchemy Resources Limited is an Australian mining exploration company focused on identifying and advancing mineral resource projects. The company’s activities centre on exploration and evaluation of tenements rather than production, with expenditure primarily directed toward fieldwork and project development across its portfolio.
Average Trading Volume: 1,645,176
Technical Sentiment Signal: Sell
Current Market Cap: A$10.69M
For a thorough assessment of ALY stock, go to TipRanks’ Stock Analysis page.