ALY 0.00% 0.7¢ alchemy resources limited

NST No.1 holder (In a micro)?, page-218

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    Thanks staffandkit

    Here it is:

    Alchemy Resources (Jindalee 7.6% of issued capital)
    Jindalee holds a significant equity interest in Alchemy Resources (ASX: ALY). This provides
    shareholders with exposure to Alchemy’s rapidly expanding portfolio of projects, including Alchemy’s
    existing Gascoyne region gold and copper‐gold projects, the newly acquired Karonie gold project in
    WA and the recently announced joint venture with Heron Resources over a group of gold and base
    metal prospective properties in central NSW.

    Alchemy’s Bryah Basin copper project is located to the west of Sandfire Resources’ Doolgunna
    project and covers the extensions of the Narracoota Volcanics, the unit which hosts Sandfire’s high
    grade DeGrussa copper‐gold mine. Independence Group (ASX: IGO), a well‐regarded and successful
    nickel, base metal and gold producer and explorer is farming into Alchemy’s base metal‐prospective
    Bryah Basin tenements. 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 Karonie acquisition abuts Salt Lake Mining’s 0.5Moz Aldiss project tenements and features
    several prospects where previous drilling, mostly by Integra Mining, has returned significant bedrock
    gold intersections.
    The joint venture agreement with Heron Resources includes six Exploration Licences covering a
    combined 674km². The most advanced project is the Overflow project in the Cobar district, where
    walk up gold drill targets have been identified.
 
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