Alchemy Resources Limited (ASX:ALY)'s James Wilson says they've completed a placement for approximately $1.85 million as part of a $3.1 million capital raising to fund a range of drilling programs across its WA and NSW base metals assets. The cash will allow Alchemy to drill at the Karonie Gold Project in WA as well as drilling and geochem campaigns at the Lake Rebecca Gold Project in WA plus drilling at the Overflow and Yellow Mountain gold/base metals projects in the Cobar Basin of NSW
Alchemy Resources delighted with strong support as it raises $3.1 million
