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alchemy resources ltd (ALY) Details

Alchemy Resources Limited engages in the discovery, exploration, and development of mineral properties in Australia. The company explores for gold, nickel, cobalt, copper, silver, lead, zinc, and alumina deposits. It owns interests in the West Lynn and Woodsreef projects covering an area of 381 square kilometers located in New South Wales; the Cobar Basin/Lachlan Fold Belt projects located in New South Wales; the Karonie project covering approximately 780 square kilometers located to the east of Kalgoorlie, Western Australia; and the Bryah Basin project comprising 527 square kilometers located to the north east of Meekatharra, Western Australia. The company is based in West Perth, Australia.

alchemy resources ltd (ALY) Top Compensated Officers

MD & Director
Total Annual Compensation: A$214.3K
Company Secretary & CFO
Total Annual Compensation: A$63.6K
Compensation as of Fiscal Year 2018.
alchemy resources ltd
Alchemy Resources Limited Announces the Completion of A JORC Code 2012 Edition Compliant Top-Cut

Alchemy Resources Limited announced the completion of a JORC Code 2012 Edition compliant top-cut indicated and inferred resource estimate of 2.2Mt @ 1.6g/t for 114,000oz. Au (0.6g/t Au lower cut-off) for the Hermes South deposit (formerly named Wilgeena) located 20 kilometers south of the Hermes mining operation, and 65 kilometres southwest of the Plutonic gold mine in the Bryah Basin, WA.

Alchemy Resources Limited Releases an Announcement that Included Additional Nitric Acid Leach Testwork Results for the West Lynn Project

Alchemy Resources Limited released an announcement that included additional nitric acid leach testwork results for the West Lynn Project. The ASX has determined that the results of the metallurgical testwork constitute exploration results for the purposes of listing rule 5.7 and accordingly, require an accompanying JORC. This announcement serves as an addendum to the announcement dated 29 April 2019. Additional excellent recoveries from metallurgical testwork completed by Direct Nickel (DNi) using a nitric acid leach via the patented DNi Process. Recoveries for both nickel and cobalt from composite blended laterite/saprolite samples returned averages of 87.1% for nickel and 86.9% for cobalt. Recoveries for composite weathered serpentinite samples collected from the base of the mineralised zone returned averages of 91.6% for nickel and 79.6% for cobalt. Recoveries for by-product elements (Al, Fe, Mg) were also in line with initial composited laterite and saprolite samples.

Alchemy Resources Limited Announces Additional Recoveries from Metallurgical Testwork

Alchemy Resources Limited announced additional excellent recoveries from metallurgical testwork completed by Direct Nickel (DNi) using a nitric acid leach via the patented DNi ProcessTM. Recoveries for both nickel and cobalt from composite blended laterite/saprolite samples returned averages of 87.1% for nickel and 86.9% for cobalt, similar to the separate laterite and saprolite samples. Recoveries for composite weathered serpentinite samples collected from the base of the mineralised zone returned averages of 91.6% for nickel and 79.6% for cobalt. Recoveries for by-product elements (Al, Fe, Mg) were also in line with initial composited laterite and saprolite samples. The nitric acid leach testwork on blended and weathered serpentinite samples was conducted at 1100C under atmospheric pressure over a period of 6 hours. Bench scale kinetic leaching testwork is planned for the Summervale and West Lynn blended samples. Three kinetic tests at different acid additions will be completed with samples taken every hour over a 6-hour leach period. Simulus Laboratories have commenced hydrochloric acid leach testwork and HPA production determination on the Summervale kaolinite samples collected from the alumina rich kaolinite horizon located above the Ni-Co resource. The results are expected in second quarter with a subsequent Summervale alumina resource expected in third quarter 2019.

 

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