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Why Alchemy Resources Sold Karonie and Lake Rebecca for $5 Million in Shares
9:30am on Wednesday 11th of March, 2026 AEDT
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Why Alchemy Resources Sold Karonie and Lake Rebecca for $5 Million in Shares
9:30am on Wednesday 11th of March, 2026 AEDT
Key Points
Binding agreement to sell Karonie and Lake Rebecca projects for $5 million in Forrestania shares
Alchemy retains 1% net smelter royalty on minerals mined, excluding first 110,000 ounces of gold from key deposits
Transaction enables Alchemy to focus on Yellow Mountain and Overflow Copper-Gold projects in New South Wales
Sale includes 111,100 ounces inferred gold resource at Karonie
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