Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Investor Presentation (February 2019)
23 slides from Alchemy Resources's investor presentation, February 2019
Slide 1: Investor Presentation February 2019
Investor Presentation February 2019 ASX: ALY
Slide 2: Building a diversified metal resource portfolio
Building a diversified metal resource portfolio Our aim is to discover and develop nickel-cobalt, base metal and/or gold deposits through systematic, targeted exploration West Lynn Project (NSW) – Inferred JORC 2012 resource (21.3Mt @ 0.84% Ni, 0.05% Co)* Cobar Basin (NSW) – High-Grade Au and Base M
Slide 3: Corporate Overview
Corporate Overview Capital Structure Listed on ASX November 2007 Karonie RAB results Maiden Shares on Issue (15 Feb 2019) 440.4m Bombora Resource 1.5c Rights SFR Bryah West Lynn Overflow Diamond Issue Farm-In Drilling Results Drilling Options - unlisted 29.5m Share Price (15 Feb 2019) 1.1c Market Ca
Slide 4: NSW: Cobar Basin / Lachlan Fold Belt
NSW: Cobar Basin / Lachlan Fold Belt • 378km2 in metal-rich Cobar Basin; pre-mining metal inventory of: >6.4 Moz Au >2.2 Mt Cu >4.0 Mt Zn >3.0 Mt Pb >200 Moz Ag (Ref. Aurelia Metals Ltd ASX announcement dated 26 September 2012) • Overflow Prospect: high grade gold and base metal intercepts similar t
Slide 5: West Lynn Resource & Peer Market Cap Comparison
West Lynn Resource & Peer Market Cap Comparison • 510km2 tenure within a world-class Ni-Co-Sc endowed mafic/ultramafic belt • West Lynn Project value not yet recognised by market • West Lynn scoping study planned for 2019 Market Capitalisation of NSW Ni-Co-Sc Peers 70 60 MCap $M 60 53 51 50 40 30 20
Slide 6: West Lynn / Summervale Ni-Co Resource
West Lynn / Summervale Ni-Co Resource • West Lynn maiden inferred JORC 2012 resource; 21.3Mt @ 0.84% Ni, 0.05% Co, 2.4% Al, 20.0% Fe, 12.9% MgO * • Good potential for expansion of current inferred Ni-Co resource • Good initial metallurgical recoveries reported using nitric acid leach; • Sap Ni = avg
Slide 7: West Lynn Ni-Co Project
West Lynn Ni-Co Project • 6km from Nyngan railway line linked to Sydney & Newcastle • 13km from Nyngan township (power & labour) • 11km from Scandium International Mining (TSX: SCY - MCap. $53M) Nyngan Sc Project (May 2016 positive NI43-101 Feasibility – 17Mt @ 235ppm Sc) • Geology, mineralogy and m
Slide 8: Hera / Cobar Style Deposits: Polymetallic, small head, long legs
Hera / Cobar Style Deposits: Polymetallic, small head, long legs Hera / Cobar-style Attribute Overflow • Overflow is a Hera style target representing the upper portions of a • Polymetallic (Ag-Au-Cu-Pb-Zn) ‘Cobar style’ deposit; typified by lead-zinc enriched upper sections • Proximity to major st
Slide 9: Overflow Prospect VTEM Conductivity Target
Overflow OverflowProspect VTEM Conductivity Target : Proposed MLEM & Diamond Hole • Southerly plunging priority drill target with existing high grade gold and base metal intercepts Plan showing >1g/t Au grade shell, previous drilling and proposed drilling over satellite image Ref. Alchemy Resources
Slide 10: Overflow – Along Strike Potential
Overflow OverflowProspect – Along Strike VTEM Conductivity Potential Target : Proposed MLEM & Diamond Hole • 6km long gossan extending south from Overflow gold and base metal mineralisation • Very limited drill testing • Cross faults possible control to high grade mineralisation 10 Ref. Alchemy Reso
Slide 11: Overflow – Geology and Geochemistry
Overflow OverflowProject – Geology and VTEM Conductivity Geochemistry Target : Proposed MLEM & Diamond Hole • 13km strike length to multi-element soil anomalism • Several untested anomalies Ref. Alchemy Resources ASX Announcement 30 January 2018 11
Slide 12: Western Australia: Karonie Project
Western WesternAustralia: Australia:Karonie KaronieProject Project • 100% owned by Alchemy Resources • Highly prospective greenstone belt hosting proven gold bearing structures (Claypan Shear Zone & Aldiss Fault Zone) • 38km strike of the Claypan Shear Zone - transported cover with only 4 RAB drill
Slide 13: Karonie and Claypan Shear Drill Targets
Karonie KaronieProject Project- Karonie and – Karonie Claypan and Shear Claypan Drill Shear Targets Drill Targets Ref. Alchemy ASX Announcement dated 13 April 2018 • Follow-up drilling required along the Claypan Shear Zone (35km) & at Gilmore Ref. Alchemy ASX Announcement dated 12 February 2018 13
Slide 14: Karonie Project - Drill Targets
Karonie KaronieProject Project- Drill - DrillTargets Targets Maximum DH Gold in Historic Drilling • Esplanade: 4km strike length, strong gold intercepts, southern extension of French Kiss (137Koz @ 1.8g/t Au) • Parmelia: southern extension of Harry’s Hill (423Koz @ 2.3g/t Au) • Untested KZ5 South so
Slide 15: Bryah Basin Project – Sandfire and Superior Gold Farm-in Agreements
Bryah Bryah Basin Basin Project Project (527km (488km 2) – IGOand 2) - Sandfire andSuperior SuperiorGold Gold Farm-in’s Farm-In Agreements • Sandfire Resources NL (ASX: SFR) earning a 70-80% interest by spending $3.1M before 29 Oct 2019. Alchemy free carried to PFS & up to $5M to DFS, then 20% share
Slide 16: Bryah Basin Project - Superior Gold Joint Venture
Bryah BryahBasin BasinProject Project- Superior - Superior Gold Gold Farm-in Joint Venture / Joint Venture • Superior Gold 2018 drill results from Hermes South included 1): • 9m @ 9.3g/t Au from 136.2m • 14m @ 3.0g/t Au from 81m • 11m @ 3.3g/t Au from 123m • 12m @ 6.4g/t Au from 62m • 9m @ 4.4g/t Au
Slide 17: Alchemy 2019 Activity Timeline
Alchemy 2019 Activity Timeline Alchemy Activity Timeline & Newsflow 2018-2019 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 West Lynn metallurgical testwork results West Lynn JORC 2012 Ni-Co-Al resource estimate West Lynn blended Ni-Co metallurgical testwork & resu
Slide 18: Summary
Summary Value of projects not recognised in Alchemy’s share price; West Lynn Ni-Co-Al inferred JORC 2012 resource with significant expansion potential close to rail and potential Sc processing plant Overflow Project – host to a possible “company maker” gold/base metal deposit? Karonie Project prospe
Slide 19: Appendix 1: Cobalt Supply, Demand and Ni-Co Price
Appendix 1: Cobalt Supply, Demand and Ni-Co Price Cobalt Demand Global Mined Cobalt by Country - 2016 Source: Canaccord Genuity 5 Year Cobalt Price (US$/t) If the DRC political turmoil continues, and/or China continues to absorb global cobalt supplies, then prices should remain favourable, especiall
Slide 20: West Lynn Prospect
West Lynn Prospect • Alchemy 2018 drilling totalled 91 holes for 4,063m • Best Alchemy drill intercepts include (0.2% Ni cut-off): 34m @ 0.97 % Ni, 0.05% Co from 38m 1) 40m @ 0.71% Ni, 0.04% Co from 30m 1) 25m @ 0.99 % Ni, 0.06% Co from 36m 2) 20m @ 0.97% Ni, 0.10% Co from 38m 1) 25m @ 0.81% Ni, 0.0
Slide 21: Summervale Prospect
Summervale Prospect • Alchemy 2018 drilling totalled 87 holes for 4,583m • Best Ni-Co drill intercepts (0.2% Ni cut-off) included: 15m @ 1.29% Ni, 0.10% Co from 39m 1) 18m @ 1.02% Ni, 0.06% Co from 36m 2) 20m @ 0.87% Ni, 0.04% Co from 31m 2) 19m @ 0.87% Ni, 0.04% Co from 27m 2) • Best Alumina drill
Slide 22: Karonie Project – Southern Prospects
Karonie KaronieProject Project–-Southern SouthernProspects Prospects Esplanade historic drill intercepts include: 9m @ 3.0g/t Au from 61m (LPAC083) 8m @ 3.4g/t Au from 38m (LPAC035) 5m @ 2.9g/t Au from 101m (LPRC5) Batavia historic drill intercepts include: 3m @ 14.6g/t Au from 121m (ISRC1001) 8m @
Slide 23: Disclaimer
Disclaimer Karonie Project and Competent - SouthernPerson’s Prospects Statement Disclaimer This presentation has been prepared by Alchemy Resources Limited (Alchemy or the Company). This document contains background information about Alchemy current at the date of this presentation. The presentation
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