Resources Top 5: Alchemy sparks up on high-grade Valley Bore iron ore results
Alchemy ignites the market with high-grade iron ore hits, Cosmo Metals strikes shallow gold at Spring Creek, and Winsome Resources halts amid a lithium-fuelled surge.
Your standout small cap resources stocks for Tuesday, December 9, 2025.
- ALY describes Valley Bore high-grade iron ore results as “exceptional”
- CMO delivers strong gold results from maiden RC drilling at Spring Creek prospect
- WR1 in a trading halt after being issued a speeding ticket by the ASX
Alchemy Resources (ASX:ALY)
Extensive high-grade iron ore results from maiden RC drilling at Southern Ridge target within the Valley Bore project in WA sent Alchemy Resources (ASX:ALY) to a two-year high of 1.3c, a 44.44% jump, before closing at 1.2c with more than 118m shares exchanged.
Early assays have confirmed strong mineralisation with standout intercepts including 20m at 62.9% Fe from 14m, 22m at 60.8% Fe from 5m and 35m at 60.1% Fe from 42m.
Another 35m intersection averaged 60.1% Fe, including a higher-grade section of 7m at 64.4% from 64m.
Several other holes also returned strong grades while assays from the final six holes are expected in mid-December.
The 15-hole, 1,027m program tested the depth potential beneath high-grade surface ore and marked the first pass over the Southern Ridge prospect.
The drilling follows ALY’s October 2025 binding option deal with Newcam Minerals over the broader Bryah iron ore projects, including Valley Bore.
Valley Bore sits near major transport routes, with sealed access from the Great Northern Highway through to Geraldton and Port Hedland ports.
ALY CEO James Wilson said the company was “extremely pleased with the exceptional high-grade” results.
“The drilling has delivered substantial widths of very high-grade iron ore, reinforcing the strength of the mineralised system and validating our technical approach,” he said.
“Importantly, the project sits on a granted Mining Lease, offering a clear and potentially accelerated pathway to development should the economic case continue to build.
“These results represent a significant step forward for the project, and we are already preparing for the next phase of work.”
Cosmo Metals (ASX:CMO)
Unveiling strong gold results from maiden RC drilling at the Spring Creek prospect of its Bingara Project in northern NSW, Cosmo Metals (ASX:CMO) climbed as much as 60% to 2.4c.
Assays from the first five RC holes confirmed shallow, high-grade gold, with a best result of 6m at 9.99 g/t Au from 11m including 1m at 58.3g/t from 15m.
They validated earlier high-grade results of up to 6m at 6.43g/t Au from 8m, including 2m at 17.59g/t from 12m, and confirmed the geometry of the mineralisation.
The initial holes tested the southern extension of the previous Spring Creek drilling.
CMO is awaiting further results from the overall RC program of 13 holes for 1045m with assays from the remaining eight holes due soon.
These holes tested for potential steep-dipping feeder zones not tested by previous drilling and tested the southern extensions of a strong gold-arsenic soil anomaly.
Cosmo has plans for systematic rock chip sampling and geological mapping of the underexplored 4-5km strike extensions to the north and south of Spring Creek.
Work is progressing on the systematic geochemistry program at the Mt Everest-Mona trend which is co-funded by the NSW Government’s Critical Minerals & High-Tech Exploration Program.
This is testing the +4km-long VMS copper target corridor defined from LiDAR data combined with the interpretation of the SAM survey magnetics, which includes extensive historic workings and VMS prospective untested horizons.
Sampling will be completed by the end of the year with results to be processed early in 2026.
Winsome Resources (ASX:WR1)
Canadian lithium explorer Winsome Resources (ASX:WR1) is in a trading halt while it prepares a response to a price query from the ASX.
Before the halt just before 1.30pm AEDT Winsome reached 40.5c, an increase of 30.65% on the previous close.
On November 25, 2025, the company released strong results from summer drilling at Adina lithium project in the Eeyou Istchee James Bay region of Quebec.
Infill drilling confirmed thick, high-grade, near-surface lithium in the Main Zone:
- 50.9m at 1.72% Li2O from 3m;
- 38.3m at 1.81% Li2O from 3.5m; and
- 15.5m at 2.04% Li2O from 56.7m.
Footwall Zone drilling defined high-grade zones:
- 11.3m at 1.55% Li2O from 254.6m; and
- 10.6m at 1.33% Li2O from 186.3m.
The hard-rock spodumene deposit is near surface with a +20-year project life and a resource of 78Mt at 1.15% Li2O with 79% in the indicated category.
OD6 Metals (ASX:OD6)
Copper and rare earths explorer OD6 Metals (ASX:OD6) was another to cop an ASX speeding ticket after shares surged but said there was no secret news driving the rally.
In a price and volume query, the ASX referred to:
- The change in the price of OD6 securities from a low of 9.4c to an intraday high of 11c; and
- The significant increase in the volume of OD6’s securities traded today.
Subsequently, OD6 reached 13.5c, a high of almost two years, on volume of more than 49m.
OD6 explained it wasn’t sitting on any undisclosed info and believes the spike likely followed a fresh analyst report published by East Coast Research pre-open, which was based entirely on public data.
The company confirmed it was fully compliant with disclosure rules.
GCM Corporation (ASX:GCM)
Following shareholder approval at the company’s AGM on November 25, 2025, Green Critical Minerals has changed its name to GCM Corporation (ASX:GCM).
GCM, which retains its ticker, views the name change as a reflection of its growing ambition to deliver commercially impactful thermal management products through the application of its Very High Density (VHD) technology.
The rebrand reflects a broader strategic vision, focused on creating and scaling products with immediate relevance to global markets.
“With a clear pathway to commercialisation and growing global engagement, we believe the new name provides a stronger platform to communicate our vision and create long-term value,” managing director Clinton Booth said.
This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Alchemy Resources and GCM Corporation are Stockhead advertisers, they did not sponsor this article.
Originally published as Resources Top 5: Alchemy sparks up on high-grade Valley Bore iron ore results
