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Alchemy Resources (ASX:ALY) is moving forward with its drilling plans at the Yellow Mountain copper project in New South Wales following the identification of strong induced polarisation (IP) anomalies. The company has prioritized high-ranking targets based on recent survey results, which align with areas of known copper mineralisation.

The IP survey revealed two new robust drill targets along strike from existing drilling, with anomalies suggesting potential mineralised zones. Yellow Mountain, located 200km from Cobar, has historical mining activity dating back to the mid-1800s, and Alchemy aims to expand the project's mineralised footprint. Ongoing geochemical analyses support the refined targeting strategy, with drilling plans in progress to explore the newly defined targets.