There are essentially three sides to the Alchemy Resources Ltd story - and all of them are quite compelling. On the one hand, the Western Australian-based junior is about to determine with the drill rig whether or not it should either establish a stand-alone plant for its wholly-owned Hermes gold project in WA's Gascoyne or begin mining the known resources on its holdings and have the ore toll treated. In this regard, the company has signed a memorandum of understanding with Barrick Gold Corporation's Australian branch to use the nearby Plutonic processing plant.
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