Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2022)
24 slides from Alchemy Resources's shareholder meeting presentation, November 2022
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation November 2022 | ASX:ALY www.alchemyresources.com.au
Slide 2: Disclaimer
DISCLAIMER 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 is in summary form and does not purport to be all inclusive or compl
Slide 3: Investment Snapshot
Investment Snapshot Advanced Gold, Base and Battery metals in WA & NSW KARONIE, Western Australia (ALY 100%) • Lithium bearing pegmatites recently discovered • Dominant land position adjacent to existing mines BRYAH, Western Australia (ALY 20%) • Exploration: Sandfire Resources (ASX: SFR) • Developm
Slide 4: Corporate Overview
Corporate Overview BOARD & MANAGEMENT CAPITAL STRUCTURE LINDSAY DUDFIELD NON-EXECUTIVE CHAIRMAN Geologist, +40 years experience, Exec Director Jindalee Resources, NED Energy Met SHARES ON ISSUE 1.17b JAMES WILSON CHIEF EXECUTIVE OFFICER Geologist, +20 years experience, formerly analyst for prominent
Slide 5: Western Australia: Gold & Battery Metals Projects
Western Australia: Gold & Battery Metals Projects A STRATEGIC POSITION IN A WELL-ENDOWED PRECIOUS METALS BELT LAKE REBECCA KARONIE – 100% ALY: • 110km east of Kalgoorlie – 1,196km2 tenement package • No previous exploration for Lithium • 111koz Maiden Gold Resource released in September 20212 LAKE R
Slide 6: Karonie: Lithium
Karonie: Lithium Lithium & pathfinder anomalism identified • Review of soil sampling data highlighted widespread lithium + pathfinder anomalism3 • The majority of the Karonie tenure lies adjacent to the prospective “Goldilocks zone” for LCT bearing pegmatite formation • The Karonie belt has never be
Slide 7: Karonie: Lithium - Commanding land position
Karonie: Lithium A commanding land position in proximity to existing Lithium deposits • ALY has majority granted tenure in proximity to Global Lithium (ASX:GL1) Manna Deposit • Tenure secured on the east, west and southern extents of the deposit • 100% owned tenure sits in proximity to the Cardunia
Slide 8: Karonie: Lithium - Cherry & Hickory drill targets
Karonie: Lithium Cherry & Hickory are “bullseye” drill targets • Detailed infill soils identify multiple anomalies over 2km x 1.2km high tenor target zone5 • Zones remain open under thin surface cover to the North, East, South and West • Drill Program completed in November 2022 • Multiple follow-up
Slide 9: Karonie: Lithium - Recent drilling
Karonie: Lithium Recent drilling6 • Recent drilling outlined significant zones of pegmatites • Multiple zones of pegmatites intercepted from 1m to 27m downhole (up to 20m true width) • Assays pending Hole HYRC006 160m – 166m showing pegmatite intercept 6 Refer to Alchemy ASX announcement dated 14 No
Slide 10: Karonie: Lithium - Thin alluvial cover
Karonie: Lithium Thin alluvial cover masks any outcrop and anomalism • Drill programs outlined Pegmatites under shallow transported cover • No geochemical anomaly and no outcrop • Detailed gravity programs being designed to test under shallow transported cover • Results should assist in targeting •
Slide 11: Karonie: Lithium - Regional Exploration
Karonie: Lithium Karonie Regional Exploration Belt scale lithium prospectivity • Regional soil geochemistry highlights “belt scale” potential7 • New Prospects generated - Red Oak & Alder which show coincident lithium and pathfinder anomalism • Multiple regional targets to test within 60km area along
Slide 12: Lake Rebecca
Lake Rebecca LAKE REBECCA - (ALY 100%) • Strategic landholding in a multi-million ounce gold corridor • 6km West of Ramelius (1.2Moz8) Rebecca Project & 20km north of BRB (1.7Moz9) • Dominant tenure along the Claypan Shear and Keith Kilkenny Fault zone • Lithium/Gold exploration programs underway •
Slide 13: Karonie: Gold
Karonie: Gold A traditional gold province for many decades… • Adjacent to the SLR:ASX Aldiss Mining Operation (currently operating) • Maiden 111,100oz Resource released in mid-20212 • 100% owned gold near surface resources at Taupo, KZ5 and Parmelia • High resolution drone magnetics flown in 2021 ou
Slide 14: Bryah Basin Joint Ventures (ALY 20%)
Bryah Basin Joint Ventures (ALY 20%) 10 Refer to Alchemy ASX announcement dated 24 February 2015 11 Refer to Alchemy ASX announcement dated 8 May 2019 13
Slide 15: New South Wales Projects: Cobar Basin & Lachlan Fold Belt
New South Wales Projects: Cobar Basin & Lachlan Fold Belt (ALY 80%: DVP 20%) HIGH QUALITY PROSPECTS: • MELROSE (IRGS Au-Cu) • YELLOW MOUNTAIN (Cu-Au porphyry, VMS) • Land access agreements well advanced • OVERFLOW (high grade Au + base metals) • WEST LYNN / SUMMERVALE • HPA and Nickel Cobalt Resourc
Slide 16: New South Wales Projects
New South Wales Projects • NSW Projects in Joint Venture with Develop Global (ASX:DVP)14 • Alchemy 80% interest and operator of JV • YELLOW MOUNTAIN (High grade Cu-Au) – not drilled since 1986 • MELROSE (IRGS Au-Cu) – Proximal to Mineral Hill Mine • OVERFLOW (high grade Au + base metals) – Resource
Slide 17: NSW Projects – Yellow Mountain Mine Prospect
NSW Projects – Yellow Mountain Mine Prospect Extensive historic workings not drilled since 1986 • Historic drilling intercepts15: • 52m @ 0.54g/t Au, 0.31% Cu, 35g/t Ag, 1.15% Pb and 1.28% Zn • 40m @ 0.49g/t Au, 0.34% Cu 29g/t Ag, 1.18% Pb, 1.81% Zn • Grab samples of 7.15% Cu, 6.4% Pb in mullock sto
Slide 18: NSW Projects – Overflow
NSW Projects – Overflow OVERFLOW • 20km north of Yellow Mountain • Best historic intercepts17 • 6m @ 7.6g/t Au, 3.6% Zn, 1.6% Pb • 10m @ 4.4g/t Au, 3% Zn, 1.3% Pb • Mineralisation traced over 700m strike • Open down plunge • Drill testing planned in CY2023 17 Refer to Alchemy Resources ASX Announcem
Slide 19: NSW Projects – West Lynn
NSW Projects – WEST LYNN WEST LYNN HPA-Ni-Co • Advanced critical metals • Positive metallurgical test-work completed in 201919 • HPA Product achieved – requires additional test work to achieve 4N quality • HPA Deposit sits above Ni-Co Resource and could be mined concurrently • Strategic Review under
Slide 20: Indicative Exploration Timeline – strong pipeline of news flow
Indicative Exploration Timeline – strong pipeline of news flow* KARONIE (ALY 100%) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Gilmore - Gold Cherry/Hickory RC Drilling Follow-up drilling Aircore & RC drilling Lithium gravity surveys Lithium Regional soils BRYAH BASIN JVs (ALY 20%) Superior Gold JV (Hermes Sout
Slide 21: Alchemy – Investment Thesis
Alchemy – Investment Thesis Enterprise Value ~$29m highly leveraged to exploration success KARONIE / LAKE REBECCA (WA) LCT Pegmatite Potential – accelerated exploration programs in progress 111koz Au Resource adjacent to existing operations, close to infrastructure and milling BRYAH BASIN (WA) SFR &
Slide 22: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Table A: Hermes South Joint Venture Indicated and Inferred Mineral Resource Estimate (compliant with the JORC Code 2012 guidelines) Hermes South Tonnes (Mt) Grade (g/t Au) Au (Ounces) Indicated 1.29 1.7 72,000 Inferred 0.95 1.4 42,000 Total 2.24 1.6 114,000 Notes: • Joi
Slide 23: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Table D: Karonie Project Inferred Resource Notes: • All figures rounded to reflect the appropriate level of confidence (apparent differences may occur due to rounding) • Refer to Alchemy ASX announcement dated 31 August 2021 23 22
Slide 24: Enquiries: Contact James Wilson, CEO
ENQUIRIES: CONTACT: JAMES WILSON, CEO E: james@alchemyresources.com.au P: 08 9481-4400 W: alchemyresources.com.au
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