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Alchemy Resources Limited (ASX:ALY)

ALERT: Price-sensitive ASX Announcement for ALY
Current share price for ALY : $0.008 -0.001 (-11.11%)+
Announcement
Release
30 Apr 2026 6:27PM
Price at Release
$0.009
Full Release
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Summary
During the quarter ending 31 March 2026, Alchemy Resources Limited progressed exploration activities across its projects in Western Australia and New South Wales. Notably, the Bryah Basin Iron Ore Project saw Newcam Minerals secure a 60% interest, validating the project's potential. A binding agreement was signed to sell the Karonie and Lake Rebecca Projects to Forrestania Resources for $5 million in shares, with Alchemy retaining a 1% Net Smelter Royalty. The Yellow Mountain Copper-Gold Project in New South Wales reported significant drill results, supporting potential mineralization. Financially, Alchemy had $0.59 million in cash at the end of March 2026, with exploration expenditures reaching $255k. The company remains focused on advancing its diverse portfolio, including gold, lithium, and base metal assets.
Key Points
  • Newcam Minerals secured a 60% interest in Bryah Basin Iron Ore Project.
  • Agreement to sell Karonie and Lake Rebecca Projects to Forrestania Resources for $5 million in shares.
  • Yellow Mountain Copper-Gold Project reported significant drill results.
  • Cash at hand was $0.59 million as of 31 March 2026.
  • Exploration expenditure during the quarter was $255k.
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.