Alchemy Resources Identifies Targets at Western Australia Gold Project; Shares Climb 13%

MT Newswires Live

2025/02/18

Alchemy Resources (ASX:ALY) identified 10 gold targets for priority follow-up at its Lake Rebecca gold project in Western Australia and is conducting target reviews, according to a Tuesday Australian bourse filing.

The firm accelerated work to focus on gold targets, with the discovery of high-grade mineralization by neighboring companies.

The firm will conduct detailed mapping and additional sampling, and then undertake planning for additional work including drilling.

The firm's shares jumped almost 13% in recent trading on Tuesday.

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