Overview of Alchemy Resources' recent field work

Alchemy Resources Limited (ASX:ALY) has reported significant findings from its recent field work at the Overflow and Yellow Mountain Prospects. The surface mapping and sampling completed at these prospects have confirmed high priority exploration targets for further testing. The results indicate substantial potential for mineralised structures and high-grade mineralisation, setting the stage for upcoming drill programs. Alchemy Resources remains well funded for ongoing exploration with $3.05m at the end of the June 2024 Quarter.

Executive commentary on recent field work

The recent field work at the Overflow and Yellow Mountain Prospects has provided compelling evidence of the significant potential for further mineralisation. The rock chip samples and surface mapping have revealed high-grade gold, copper, lead, zinc, and silver mineralisation, indicating promising targets for future exploration. The findings underscore the Company's commitment to advancing its exploration activities and unlocking the full potential of the Lachlan Project area.

Summary of recent field work and outlook

Alchemy Resources' recent field work at the Overflow and Yellow Mountain Prospects has unveiled promising exploration targets, with high-grade mineralisation and significant potential for further delineation of mineralisation. The Company's well-funded position for ongoing exploration bodes well for the planned drill programs at these prospects. The findings reflect Alchemy Resources' dedication to advancing its exploration efforts and maximizing the value of its projects. Looking ahead, the Company's focus on growth through the discovery and development of gold, base metal, and battery metals within Australia positions it for continued progress and potential future successes in its exploration endeavors.