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Alchemy Resources Limited ( (AU:ALY) ) has provided an announcement.
Alchemy Resources Limited has announced further high-grade iron ore intercepts at its Valley Bore Project in Western Australia. The latest assay results from the Southern Ridge target confirm the presence of substantial high-grade mineralization, extending over a 600-meter strike length and remaining open at depth and along strike. The project’s strategic location near major transport infrastructure enhances its development potential, and an option agreement with Newcam Minerals Pty Ltd could accelerate its advancement. These findings significantly boost the project’s strategic value and position Alchemy Resources for future growth.
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. Its primary products include iron ore, with a market focus on high-grade mineral deposits in Western Australia. The company is involved in several projects, including Karonie, Lake Rebecca, Lachlan, West Lynn, Bryah Basin Iron Ore, and the Bryah Joint Venture.
YTD Price Performance: 20.0%
Average Trading Volume: 9,266,280
Technical Sentiment Signal: Sell
Current Market Cap: A$10.69M
For a thorough assessment of ALY stock, go to TipRanks’ Stock Analysis page.