Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2017)
21 slides from Alchemy Resources's shareholder meeting presentation, November 2017
Slide 1: AGM Presentation November 2017
ASX: ALY AGM Presentation November 2017
Slide 2: Large Company Maker Projects and Strong Shareholder Support
Large Company Maker Projects and Strong Shareholder Support Our aim is to discover a “company maker” gold and/or base metal deposit through intelligent, targeted exploration of quality Australian projects: Eastern Goldfields (WA) – Karonie Gold Project 100km east of Kalgoorlie (782km2) Cobar Basin /
Slide 3: Corporate Overview
Corporate Overview Capital Structure Overflow Drilling Karonie Aircore Listed on ASX November 2007 Commences Completion Karonie Aircore Shares on Issue (21st Nov 17’) 342.3m LD purchases Commences Options - unlisted 7.5m Share Price (21st Nov 17’) 1.7c Market Cap $5.8m Cash (30th Sept 17’) $1.8m Sha
Slide 4: Overhead Cost Reductions and Fieldwork Focus
Overhead Cost Reductions and Fieldwork Focus • Overheads significantly reduced in last 12 months • Exploration Expenditure to Admin Cost Ratio significantly improved • 2017 exploration statistics: 155 geochem samples and 4,029m of diamond, aircore & auger drilling (prev. yr 0 samples & 0m) 4
Slide 5: Western Australia: Karonie Project
Western Australia: Karonie Project • 782km2 of highly prospective, recently granted exploration licences (only one application) • Quality geological setting – greenstones containing large scale structures (Keith Kilkenny and Claypan Faults) and mineralised secondary structures, proximal to “internal
Slide 6: Karonie Project - SRK Prospectivity Analysis and Drill Targets
Karonie Project - SRK Prospectivity Analysis and Drill Targets Maximum DH Gold in Historic Drilling SRK Combined Evidence Weighted • Substantial amount of Probability Map previous drilling by WMC, BHP, Goldfields, Newmont, Integra Mining and Silverlake Resources • Current focus on shallow untested g
Slide 7: Karonie Project – Drill Targets
Karonie Project – Drill Targets 12m @ 0.7g/t Au from 28m incl. 4m @ 1.2g/t Au from 28m) • Wide spaced, first pass aircore drilling at Gilmore produced several encouraging gold intercepts coinciding with altered dolerite and magn/gravity highs • Infill drilling at Gilmore warranted • First pass drill
Slide 8: Karonie Project – Claypan Fault Drill Targets
Karonie Project – Claypan Fault Drill Targets First pass RAB drilling across Claypan Fault targeting magnetic highs (dolerite) and gold in auger anomalies Program Of Work submitted to DME - approval awaited Ref. Alchemy ASX Announcement dated 30 October 2017 8
Slide 9: NSW Cobar Basin / Lachlan Projects (674km2) – Epithermal, VMS, & Porphyry Cu-Au Targets
NSW Cobar Basin / Lachlan Projects (674km2) – Epithermal, VMS, & Porphyry Cu-Au Targets • 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 Sept 2012) • Overflow and Yellow Mtn
Slide 10: Hera / Cobar Style Deposits: Polymetallic - small surface area - long legs
Hera / Cobar Style Deposits: Polymetallic - small surface area - long legs • Hera style targets represent the upper portions of a ‘Cobar style’ deposit; Hera / Cobar-style Attribute Overflow typified by lead-zinc enriched upper sections transitioning into copper rich • Polymetallic (Ag-Au-Cu-Pb-Zn)
Slide 11: Overflow Mine – Hera Style Au-Ag-Pb-Zn-Cu Mineralisation
Overflow Mine – Hera Style Au-Ag-Pb-Zn-Cu Mineralisation Overflow Prospect long section looking east showing old workings, drilling grade shells (AuEq g x m), historic drilling intercepts, and Alchemy diamond drill hole (OFDD001 – red) Ref. Alchemy Resources ASX Announcement 29 Mar 2017 * Gold equiv
Slide 12: Overflow VTEM Conductivity Target : Proposed MLEM & Diamond Hole
Overflow VTEM Conductivity Target : Proposed MLEM & Diamond Hole Crown Land Overflow Prospect plan showing Au-Ag-Pb-Zn-Cu shell outlines (>0.27g/t Overflow Prospect 3D view looking down to the NW showing AuEq* grade x thickness gold, >6g/t yellow, >1000ppm blue, >1500ppm grey, >250ppm green shells (
Slide 13: Overflow Project Area – “Polymetallic” soil anomalies
Overflow Project Area – “Polymetallic” soil anomalies • Numerous “polymetallic” soil anomalies sparsely drill tested • Black Range Tank Prospect - largest multi-element soil anomaly & co-incident EM conductor Historic drilling over historic soil sampling* assay imagery Gold Copper Lead Zinc 13km * S
Slide 14: Black Range Tank Prospect
Black Range Tank Prospect Airborne EM Surface EM • Triako Ground EM survey (2008) identified west dipping conductor • Triako Airborne EM (2011) confirmed strong conductor • RC drilling planned (east azimuth) to intercept gossan at depth • Coincident Au-Cu-Pb-Zn-Ag soil anomaly (Delta Gold Expl PL 19
Slide 15: Bryah Basin Project (527km2) – IGO and Billabong JV’s
PROJECT ANNUAL Bryah Basin Project (527km2) – IGO and Billabong JV’s MINIMUM EXPENDITURE $1,600,000 • Independence Group NL letter agreement to earn a 70-80% interest by funding $6,000,000 of exploration expenditure within 5 years (commencing 29th Oct 2014). Remaining spend = $2.3M over 2.5 years •
Slide 16: 2018 Focus
2018 Focus Karonie and Claypan Fault shallow first pass and follow-up drilling Black Range Tank RC drilling to test strong electromagnetic and multi-element geochem anomaly Overflow surface electromagnetic survey, and deep diamond drilling (strong EM conductivity anomaly and down plunge extensions t
Slide 17: Disclaimer and Competent Person’s Statements
Disclaimer and Competent Person’s Statements 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 pu
Slide 18: Appendix 1 : Karonie Project - Southern Prospects
Appendix 1 : Karonie Project - Southern 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 @ 2.1g/t Au from 12m
Slide 19: Mallee Bull and Tritton EM anomalies (Overflow similarities)
Mallee Bull (ASX: PEX) and Tritton (ASX: AIS) EM anomalies (Overflow similarities) Peel Mining: Late Time VTEM data Ref. Steve Collins SMEDG Presentation April 2015 Aeris Resources: 200m Moving Loop Sirotem (Ref. Peel Mining ASX Announcement dated 16 May 2013) (Decay Constant) Ref. Steve Collins SME
Slide 20: Eurow Project – Porphyry Copper, VMS and Epithermal Style Targets
Eurow Project – Porphyry Copper, VMS and Epithermal Style Targets • 34km from North Parkes Mine • Very little previous regional exploration • Eurow Mine Cu-Au mineralisation open down plunge and along strike to the north Eurow Historic Drilling Intercepts 8m @ 2.95% Cu, 0.85g/t Au from 47m (Eu4) 5m
Slide 21: Yellow Mountain Project –Skarn, Porphyry Cu-Au & Cobar-style targets
Yellow Mountain Project –Skarn, Porphyry Cu-Au & Cobar-style targets • Only 10km from Mineral Hill • Diverse mineralisation styles • Historic drill intercepts* include: Yellow Mountain Mine: 32m @ 1.7g/t Au, 34g/t Ag, 0.4% Cu from 185m (YD13)1 Rosedale Prospect: 24m @ 2.51g/t Au from 4m (PDH 2)2 6m
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