Alchemy Resources (ALY)

Shares / Stock Code

ALY

Stock Exchange / Sharemarket

ax

Alchemy Resources (ALY) is a mineral exploration company primarily engaged in gold exploration and mining projects in the Murchison region of Western Australia. The Company aims at the maximization of shareholder wealth by exploration and development. Alchemy was listed on the Australian Stock Exchange on 26 November 2007. The Company is focused on the gold exploration in Archaean greenstone belts within the Meekatharra District of the Murchison Mineral Field. Alchemy owns a number of gold exploration projects within the Meekatharra District of the Murchison Mineral Field, Western Australia. Also in the Murchison region of Western Australia the Company has under explored gold tenements that were formerly held by Jindalee Resources Limited.

Alchemy's tenements are located in six project areas that are located between Cue, Big Bell, and Meekatharra in a gold district that has produced more than 11 million ounces of gold. The Company’s various projects consist of Gidgee Project, Big Bell North Project, Ninden Hill Project, Polelle Project, Jeffery Well Project and Wydgee Project. Its Murchison Projects is at the exploration stage.

ALY's Projects include over 300km² of granted tenements and over 500km² of tenement applications having a strike length of almost 100km within the highly endowed Meekatharra-Wydgee Greenstone Belt. These Projects are situated over areas where regional scale structures, which are considered as important controls on mineralisation, occur beneath variably thick Cainozoic cover sediments. The Projects have received different levels of exploration mainly over the exposed bedrock and adjacent shallow cover environments.