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Alchemy Resources Limited (ASX:ALY)

ALERT: Price-sensitive ASX Announcement for ALY
Current share price for ALY : $0.007 -0.002 (-22.22%)+
Announcement
Release
30 Apr 2026 6:28PM
Price at Release
$0.009
Full Release
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Summary
Alchemy Resources Limited's quarterly cash flow report for the period ending March 31, 2026, details the company's financial activities and positions. The report shows operating expenses primarily for staff, administration, and corporate costs, leading to a net cash usage of AU$176,000. Investing activities, predominantly in exploration and evaluation, consumed AU$255,000, while financing activities contributed AU$250,000 through equity securities. Cash and cash equivalents decreased from AU$1,021,000 to AU$590,000. The report indicates that the company has 1.37 quarters of funding available, with projections of continued negative cash flows due to its exploration nature and lack of current revenue. Alchemy is taking steps to secure additional funds, including a significant payment from Newcam Minerals for a project option agreement.
Key Points
  • Negative operating cash flows of AU$176,000 for the quarter.
  • Investing activities primarily in exploration consumed AU$255,000.
  • Financing activities brought in AU$250,000 through equity securities.
  • Cash and cash equivalents at quarter-end were AU$590,000.
  • Estimated 1.37 quarters of funding available.
  • Company received AU$500,000 post-quarter from Newcam Minerals for a project agreement.
  • Expectations of continued negative cash flow due to exploration focus.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.