Alchemy Resources (ASX:ALY) has announced that reverse circulation drilling is set to commence at its Roe Hills Project in Western Australia, targeting high-priority lithium anomalies identified during late-2025 aircore drilling.
The program will include up to nine RC holes for approximately 1,500m of drilling, expected to take around two weeks.
Aircore results revealed multiple coincident lithium and pathfinder element anomalies associated with outcropping and newly discovered pegmatites, highlighting fertile LCT-style pegmatite systems along major structural trends.
The Roe Hills Project forms part of a farm-in and joint venture with the Japan Organisation for Metals and Energy Security, which has the right to earn a 51% interest by spending $6 million by March 2029.
Alchemy CEO James Wilson said the RC drilling represents a key step in testing these compelling geochemical targets and advancing exploration of what is shaping up to be a highly prospective and under-explored pegmatite system in the region.
At the time of reporting, Alchemy Resources' share price was $0.0090.