ALY
Alchemy Resources Ltd
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Company News
Western Australia’s lithium boom continues
The recent signing of a Plan of Action between Western Australia and Indonesia continues the dramatic critical minerals momentum of one of the world’s richest mining jurisdictions. Already the world’s leading lithium producer, Western Australia is in the middle of an exploration boom as mining companies big and small hunt for the key battery metals […]
Early lithium drilling success for Alchemy Resources at Karonie
Alchemy Resources’ (ASX: ALY) lithium hunt in the goldfields of Western Australia has obtained early success with the company identifying promising pegmatite potential at the Karonie lithium and gold project near Kalgoorlie. The now complete initial Karonie drill program of 28 drillholes for 3,732m, has identified new pegmatite zones in drillholes at the Taupo North […]
Alchemy Resources commences lithium-focused drilling campaign at Karonie project
Alchemy Resources (ASX: ALY) has commenced a drilling campaign targeting multiple high-priority targets at the Karonie lithium-gold project in Western Australia. The campaign will comprise 42 holes for a total 5000 metres over the next three weeks. It will evaluate high-tenor lithium pathfinder targets at the Cherry, Hickory, Mesquite and Pecan prospects along a 5.4 […]
Alchemy Resources to drill large anomalies at Karonie lithium project
Hot on the heels of promising lithium rock chip and soil sampling assays being received, Alchemy Resources (ASX: ALY) is about to kick off drilling at its Karonie gold and lithium project located 110km east of Kalgoorlie. The 42 hole, 5,000-metre program has been designed to test a series of high priority large gravity anomalies […]
Alchemy Resources discovers new pegmatite bodies at Karonie lithium project
Assays from rock chip and soil sampling by Alchemy Resources (ASX: ALY) have confirmed the presence of surface lithium mineralisation at the company’s Karonie project, located 110km east of Kalgoorlie. What the company describes as “ground truthing” of new gravity targets has discovered new pegmatite bodies with lepidolite and spodumene outcropping at surface. Alchemy notes […]
Alchemy Resources identifies high-priority drill targets at Karonie lithium-gold project
A recent large ground gravity survey conducted by Alchemy Resources (ASX: ALY) over the Karonie lithium-gold project in Western Australia has accurately mapped the known Hickory pegmatite and highlighted considerable exploration upside under cover. The survey was completed in December and the interpreted pegmatite is reported to continue to the north of a reverse circulation […]
Alchemy Resources and Sandfire uncover gold and copper along strike of DeGrussa mine
Alchemy Resources (ASX: ALY) reported this morning its joint venture partner Sandfire Resources (ASX: SFR) had uncovered gold and copper intercepts from a phase one drilling program across the Bryah Basin joint venture, with results indicating potential DeGrussa-style mineralisation. The intercepts were made during air core drilling along strike of Sandfire’s DeGrussa operation. A total […]
Alchemy Resources locks-in cobalt and nickel projects, while gold results disappoint
Alchemy Resources (ASX: ALY) has locked-in two more cobalt-nickel projects in New South Wales, while drilling at its Karonie gold project in Western Australia has failed to produce economic gold grades. Initial rotary air blast drilling at the Dragon and Manhattan prospects at the Karonie project returned low gold grades with better results at Dragon […]
