Alchemy Resources Secures Full Ownership of Bryah Iron Ore Project
Alchemy Resources Limited (ASX:ALY) CEO James Wilson discusses the acquisition of the remaining 50% interest in the iron ore rights at its Bryah Project from Carey Mining Pty Ltd for $75,000 cash and a royalty, achieving 100% ownership.
Fieldwork in 2024 identified significant banded iron ridges at the Valley Bore prospect, extending up to 2,000m in strike length and 80m wide, with high-grade hematite assaying up to 65.9% Fe and calcined grades reaching 67.4% Fe.
These outcrops, undrilled to date, show strong potential for Direct Shipping Ore (DSO).
Permitting is advanced, with approved Programs of Work and Heritage surveys completed, and logistics planning is underway for a maiden drill program.
Located just 12km from the Great Northern Highway, the project’s proximity to major industry players enhances its strategic value, with recent assays confirming growth potential across new zones.
Видео Alchemy Resources Secures Full Ownership of Bryah Iron Ore Project канала Andrew Scott
Fieldwork in 2024 identified significant banded iron ridges at the Valley Bore prospect, extending up to 2,000m in strike length and 80m wide, with high-grade hematite assaying up to 65.9% Fe and calcined grades reaching 67.4% Fe.
These outcrops, undrilled to date, show strong potential for Direct Shipping Ore (DSO).
Permitting is advanced, with approved Programs of Work and Heritage surveys completed, and logistics planning is underway for a maiden drill program.
Located just 12km from the Great Northern Highway, the project’s proximity to major industry players enhances its strategic value, with recent assays confirming growth potential across new zones.
Видео Alchemy Resources Secures Full Ownership of Bryah Iron Ore Project канала Andrew Scott
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3 июня 2025 г. 11:12:49
00:05:16
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