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 company's also notched up a hat-trick of highly sought-after tenement ballots at the Lake Rebecca project in Western Australia.
Alchemy Resources updates on $3.1 million raise and key new exploration licences