AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Alchemy Resources identifies three lithium target zones at Roe Hills.
- Fieldwork and geophysics aim to accelerate drill readiness.
- Roe Hills sits near a major lithium deposit in Western Australia.
Alchemy Resources (ASX:ALY) is progressing its Roe Hills Project in Western Australia by identifying three high-priority lithium target zones following a comprehensive structural and lithological mapping campaign. Situated near the well-known Manna Lithium deposit, the Roe Hills project is gaining attention for its strategic location and the scale of its recent discoveries.
The exploration, part of a farm-in and joint venture with Japan Organization for Metals and Energy Security (JOGMEC), involved collecting 5,487 soil samples and conducting LiDAR and magnetic surveys across the tenements. These data sets have highlighted three major lithium-bearing pegmatite corridors, each spanning several kilometers, presenting strong geological signatures for future development.
Priority Target Areas
The first corridor spans 6 km by 2 km, positioned southwest along the strike from the Manna Lithium deposit, which is owned by Global Lithium Resources (ASX:GL1). A second corridor, extending roughly 5 km by 1 km under cover, reveals lepidolite-bearing pegmatites initially identified via magnetics. The third key target area runs 5 km by 2.5 km, intersecting coarse-grained gabbro zones and pegmatites in a northeast direction.
These discoveries position Alchemy’s tenements favorably within the larger Karonie Project, embedded in the same pegmatite field as the 51.6 million tonnes @ 1% lithium oxide Manna deposit. The proximity to this well-established lithium resource adds strategic value to the Roe Hills exploration footprint.
Next Steps in Exploration
Alchemy’s geological teams are already conducting follow-up field validation, mapping, and continued data analysis to refine drill targets. LiDAR interpretation is playing a critical role in delineating mineralized zones more precisely. With the groundwork laid, drill planning is expected to commence shortly, potentially accelerating Roe Hills’ contribution to the battery metals sector.
This initiative aligns with growing market interest in lithium and battery materials, especially among investors seeking exposure through ASX dividend stocks with long-term growth potential.
The joint venture with JOGMEC, approved by the Australian Government’s Foreign Investment Review Board (FIRB), allows the Japanese agency to earn a 51% stake by investing $6 million by March 2029. This collaborative structure enhances project credibility and operational momentum.
As lithium continues to be a driving force in the clean energy revolution, Alchemy’s strategic developments at Roe Hills (ASX:ALY) contribute meaningfully to the broader landscape of energy transition plays on the S&P/ASX200. The project’s progress could influence sentiment in the small-cap lithium space as investors watch for updates from this promising region.
