Alchemy Resources Limited announced an exploration update for its Karonie and Lake Rebecca Projects (WA). Project wide soil sampling has commenced on the high priority Karonie and Lake Rebecca lithium targets aiming to cover the Roe Hills and Manhattan Prospect areas, which sit immediately to the west and east and contiguous with Global Lithium Resources' Manna deposit prospects. Soil sampling will also be undertaken on the Lake Rebecca Prospects, which showed prospective "Goldilocks Zone" geology after Company geologists conducted a site visit in November 2022.

Gravity data collection at the 5.4km x 1.6km corridor towards Pecan has been completed with data processing in progress. Drone magnetics has also commenced in this area to assist in targeting on the Hickory gravity corridor, as well as additional zones being flown on potential gold bearing structures to the south of Silver Lake Resources' Aldiss Mining operations. Roe Hills lies along a distinctive structural trend from the Pegmatite field that hosts the Manna Lithium deposit (32.7Mt @ 1.0% Li2O1) 5km to the north-east.

GSWA mapping has identified a high density of narrow plagioclase dykes, porphyritic dykes and quartz veins mapped adjacent to the granite contact zone. Multi-element soil sampling conducted by Alchemy in 2018-2020 highlighted multiple areas of low-level lithium anomalism and coincident pathfinder anomalism across a broad strike extent. Mapped dykes appear to have a parallel north-south strike extent, parallel to the greenstone/granite contact, however most of the area around the known mapped dykes are covered by alluvium and it is likely that these areas are far more extensive than the known outcrops.

Soil sampling programs were originally targeting gold mineralisation and as a result, coverage of the prospective areas is limited. The current soil sampling campaign at Roe Hills is aimed at gaining a complete dataset on the western side of the Cardunia granite adjacent to the Manna lithium deposit. First pass soil sampling completed in 2019 identified several lithium pathfinder anomalies and this program is aimed to extend and infill these anomalies.