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Alchemy Resources Limited ( (AU:ALY) ) has issued an announcement.
Alchemy Resources Limited has advanced its exploration activities in its Karonie Gold-Lithium Project by securing a JV agreement with JOGMEC, allowing the latter to earn a 51% interest by funding $6 million in exploration, with FIRB approval received. The company’s fieldwork includes soil sampling and mapping with assays pending, and continues to explore gold prospects. In New South Wales, Alchemy is coordinating heritage surveys to facilitate drilling in the Lachlan Projects, following meetings with indigenous groups, with plans for further exploration in Yellow Mountain.
More about Alchemy Resources Limited
Alchemy Resources Limited is a company operating in the mining industry, focusing primarily on gold and lithium exploration in Australia. Their projects include the Karonie Gold-Lithium Project in Western Australia and the Lachlan Projects in New South Wales. The company is involved in exploration activities, partnerships, and joint ventures to advance its resource projects.
Current Market Cap: €4.94M
Learn more about ALY stock on TipRanks’ Stock Analysis page.
