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Alchemy Resources Limited (ASX:ALY)

ALERT: Price-sensitive ASX Announcement for ALY
Current share price for ALY : $0.008 0 (0%)+
Announcement
Release
31 Jul 2026 1:04PM
Price at Release
$0.008
Full Release
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Summary
Alchemy Resources Limited released their Quarterly Activities Report for the period ending 30 June 2026. During this quarter, the company completed the sale of the Karonie and Lake Rebecca Gold Projects to Forrestania Resources, resulting in Alchemy receiving 7,725,587 Forrestania ordinary shares while maintaining a 1% Net Smelter Royalty on future mineral production from the tenements. Alchemy also focused on their Yellow Mountain and Overflow copper-gold projects in New South Wales, with encouraging results from drilling activities. The company continued exploration in the Lachlan/Cobar Basin Projects and advanced their Bryah Basin Iron Ore Project through a joint venture with Newcam Minerals. Alchemy ended the quarter with $0.82 million in cash, and the exploration expenditure for the period was $272,000.
Key Points
  • Completion of sale of Karonie and Lake Rebecca Projects to Forrestania Resources.
  • Receipt of 7,725,587 Forrestania ordinary shares.
  • 1% Net Smelter Royalty on future production from tenements.
  • Focus on Yellow Mountain and Overflow copper-gold projects.
  • Encouraging drilling results in New South Wales.
  • Continued exploration in Lachlan/Cobar Basin Projects.
  • Advancement of Bryah Basin Iron Ore Project with Newcam Minerals.
  • Cash balance of $0.82 million as of 30 June 2026.
  • Exploration expenditure of $272,000 for the quarter.
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.