Alchemy Resources partners with JOGMEC to explore lithium at Roe Hills, Western Australia, with JOGMEC investing up to AUD 6M for a 51% share by 2029.

Alchemy Resources, an Australian mining company, has partnered with Japan's JOGMEC to explore lithium at the Roe Hills site in Western Australia. JOGMEC will invest up to AUD 6 million (USD 4.15 million) to earn a 51% stake by 2029. This collaboration aims to enhance the supply of critical minerals amid global price declines in electric vehicle battery materials. Alchemy will manage the project, which is part of its larger Karonie lithium and gold initiative.

September 30, 2024
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