Alchemy Resources’ (ASX:ALY) final Karonie assays confirm fertile LCT pegmatites at Hickory - Kalkine Media

January 13, 2023 11:35 AM AEDT | By Ankur Jaiswal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp


  • The final assays from Alchemy Resources’ (ASX:ALY) Karonie lithium drill program have confirmed the presence of fertile LCT pegmatites at the Hickory prospect.
  • Spodumene and lepidolite were identified visually in hole HYRC006.
  • Alchemy is considering using geophysics as a rapid method for defining targets for drill testing in this area.

Alchemy Resources (ASX:ALY) has reported outstanding final assays from the Karonie lithium drill program, validating the presence of fertile lithium-caesium-tantalum (LCT) pegmatites at the Hickory prospect.

At the Hickory prospect, mineralisation was identified visually in the form of spodumene and lepidolite in hole HYRC006. The mineralisation was confirmed via chemical assays, ultraviolet response and laser induced breakdown spectroscopy (LIBS) analysis.

The latest drilling at Hickory has revealed that the pegmatites continue under cover to the north. Based on this outcome, Alchemy is considering using geophysics as a rapid method for defining targets for drill testing in this area.

A few of the significant results are:

(Data source: Company update dated 13 January 2023)

Share price movement: The company’s shares were trading at AU$0.019 during the morning trading session on 13 January 2023.

More to come…


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.