Latest Alchemy Resources (ASX:ALY) News

Alchemy Resources reported strong exploration progress in lithium, iron ore, and base metals across Western Australia and New South Wales, highlighted by promising drill results and strategic joint ventures.

Alchemy Resources’ recent Induced Polarisation survey at the Yellow Mountain Copper Project in NSW has revealed two significant new drill targets, expanding the project’s mineralised footprint and reducing exploration risk.

Alchemy Resources is set to begin reverse circulation drilling at its Roe Hills lithium project in Western Australia, following promising aircore results. The drilling forms part of a joint venture with JOGMEC, aiming to unlock significant lithium potential along a major structural trend.

Alchemy Resources has reported further high-grade iron ore intercepts at its Valley Bore Project in Western Australia, confirming mineralisation over a 600m strike length with strong potential for expansion. The company’s joint venture option with Newcam Minerals adds strategic momentum to the project’s development prospects.

Alchemy Resources has reported impressive high-grade iron ore assay results from its maiden drilling program at the Southern Ridge target in Western Australia’s Valley Bore Project, confirming substantial mineralisation from surface to depth.

Alchemy Resources Limited reported a net cash outflow in Q3 2025 but strengthened its financial position by securing $750,000 through a new agreement with Newcam Minerals Ltd.

Alchemy Resources reported significant exploration progress in Q3 2025, including lithium drilling at Roe Hills, a strategic JV with Newcam on Bryah iron ore assets, and strong base metals assays at Yellow Mountain.

Alchemy Resources has entered a binding option agreement with Newcam Minerals, unlocking significant funding and operational expertise for its Bryah Iron Ore projects in Western Australia.

Alchemy Resources has delivered compelling assay results from its recent drilling at the Yellow Mountain Project, confirming and extending mineralisation first identified in the 1970s. The standout intercept of 113 metres at 1.17% copper equivalent underscores the project's promising scale and potential.

Alchemy Resources has made significant strides in its June quarter exploration, identifying major lithium targets at Karonie and acquiring full iron ore rights at Bryah, while advancing base metals exploration in NSW.

Alchemy Resources has acquired the remaining 50% stake in the Bryah Iron Ore Project, consolidating full ownership and advancing plans for maiden drilling after confirming high-grade iron ore outcrops.

Alchemy Resources Limited reported a modest net cash outflow in operating activities for Q1 2025 but ended the quarter with a robust cash balance supporting over 17 quarters of funding.