Ann: Change in substantial holding-ALY.AX, page-53

NST last reported "strong findings of a scoping study on the Northern Star-owned Hermes deposit located 60km south-west of Plutonic"

The MD here is very astute, NST wouldn't take a big position in a company otherwise, are they after a foothold into the Murchison district? Or lachlan belt fold in NSW? Or both? Or non- core altogether and this is their vehicle?

I am still really trying to put together the pieces here. Perhaps some longer term holders can clear things up?

Alchemy also has a joint venture agreement in place with Northern Star Resources (ASX: NST), under the terms of which NST is responsible for the ongoing exploration of the remaining Gascoyne project tenements, not covered by the pre‐existing joint venture with IGO. This joint venture includes a number of existing gold prospects and occurrences, as well as other areas considered prospective for the discovery of further gold deposits



The Project is a Joint Venture with Alchemy Resources with Jindalee’s 20% interest free carried to completion of a Bankable Feasibility Study. In addition to the joint venture interest in the Murchison projects, Jindalee also holds 17.4 million Alchemy Resources shares