ASX Small Caps Weekly Form Guide with Highlights from ASX 200 and All Ordinaries

3 min read | August 22, 2025 06:16 PM AEST | By Team Kalkine Media

 

Highlights

  • Piche Resources (ASX:PR2) advancing its gold project in Argentina with exploration programs prepared

  • Leeuwin Metals (ASX:LM1) progressing work on its Western Australian Marda project with new trends identified

  • Alchemy Resources (ASX:ALY) active across projects in New South Wales and Western Australia with drilling underway

Trading through the week featured movements across the asx 200 and the ASX All Ordinaries, with small cap companies attracting attention. While benchmark activity showed steady moves, the focus remained on exploration stocks that continue to progress resource-focused programs.

Piche Resources (ASX:PR2)

Piche Resources is engaged with the Cerro Chacon project in Argentina’s Chubut province. The project is supported by a wide mineralised corridor that has returned surface assays containing gold and silver values. Infrastructure work such as road access and drill pad preparation has already been completed. Alongside this project, the company holds uranium exploration interests across Argentina and Western Australia.

Leeuwin Metals (ASX:LM1)

Leeuwin Metals has secured the Marda Gold project located north of Southern Cross in Western Australia. This asset had previously been mined and is recognised for containing zones of mineralisation. Early exploration from Leeuwin has identified multiple new trends containing mineralised rock chips, with ongoing drilling programs continuing to test and define additional zones of interest within the project area.

Alchemy Resources (ASX:ALY)

Alchemy Resources maintains a diversified portfolio across New South Wales and Western Australia. Current activity includes drilling programs in New South Wales, while the Western Australian portfolio covers several exploration areas that are considered catalyst-rich. The company continues to progress work across its regions with an emphasis on exploration and development of its projects.

Weekly Market Context

During the week, the broader asx all ords maintained resilience despite notable sessions of mixed trading activity. Developments across resource stocks remained a focal point, with gold explorers and rare earth companies delivering updates. Small cap exploration companies such as Piche Resources, Leeuwin Metals, and Alchemy Resources drew attention as they advanced their respective exploration and drilling programs.

Frequently Asked Questions

  • What does Piche Resources focus on?
    Piche Resources (ASX:PR2) focuses on gold exploration in Argentina along with uranium projects.
  • Where is Leeuwin Metals operating?
    Leeuwin Metals (ASX:LM1) is progressing exploration work in Western Australia at its Marda project.
  • What projects is Alchemy Resources developing?
    Alchemy Resources (ASX:ALY) is undertaking drilling in New South Wales and managing projects in Western Australia.

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