Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2024)
18 slides from Alchemy Resources's shareholder meeting presentation, Nov 25, 2024
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation 25 November 2024 | ASX: ALY James Wilson Chief Executive Officer 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: Corporate Overview
Corporate Overview ASX: ALY Capital Structure (22/11/2024 unless stated) Major Shareholders Shares on Issue: 1,178m Northern Star Resources: 6.63% Share Price: 0.07c Moryton Pty Ltd: 4.69% Market Cap: $8.2m Lowell Resources: 3.89% Cash: $2.6m @ 31 October 2024 Top 20 Shareholders: ~42% Enterprise va
Slide 4: Who is Alchemy?
Who is Alchemy? ASX: ALY Large “Battery Belt” Growing Gold Inventory Joint Ventures Lithium Land Position Kalgoorlie, WA 450koz of combined gold Base metals assets with $18m expenditure to date Highly Prospective resources and growing1,2 Gold JV with Catalyst Metals Adjacent to existing Lithium depo
Slide 5: Alchemy Projects
Alchemy Projects ASX: ALY KARONIE, Kalgoorlie, Western Australia • Dominant 100% owned position in the battery belt • 111,000oz Au resource1 BRYAH, Western Australia • Valley Bore Iron Ore • Catalyst Metals Gold Joint Venture (ASX: CYL) LACHLAN, New South Wales (ALY 80% / DVP 20%) • Yellow Mountain
Slide 6: Western Australia: Lithium and Gold
Western Australia: Lithium and Gold ASX: ALY A STRATEGIC POSITION IN A WELL-ENDOWED PRECIOUS AND BATTERY METALS BELT KARONIE – 100% ALY: • Emerging lithium belt, outcropping lithium–caesium–tantalum (LCT) pegmatites • ALY ground surrounds the Manna Lithium Deposit (ASX: GL1) • Farm in and Joint Vent
Slide 7: Karonie: Lithium
Karonie: Lithium ASX: ALY Highly prospective tenure • Large areas of lithium in soil anomalism • Alchemy surrounds Global Lithium Resources’ Manna deposit (ASX: GL1) • Spodumene and Lepidolite identified at numerous locations on ALY ground4 • Soil sampling has identified multiple anomalous zones for
Slide 8: Bryah Basin: Gold JV / Iron ore
Bryah Basin: Gold JV / Iron ore ASX: ALY Bryah Basin – ALY 100% • BASE METALS: Strategic landholding in a world class copper corridor along strike of Sandfire Resources’ (ASX: SFR) DeGrussa Deposit • GOLD: Catalyst Metals JV – free carried 20% interest to decision to mine. Existing Reserves at Herme
Slide 9: Bryah Basin: Iron Ore
Bryah Basin: Iron Ore ASX: ALY Valley Bore Iron Ore Project • Valley Bore and Old Highway Prospects • Located adjacent to road infrastructure • 2km of outcropping mapped hematite x 20-80m wide • Exceptional assays up to 64.9% Fe5 • Granted mining lease • RC drilling planned in 2025 5 Refer to Alchem
Slide 10: New South Wales Projects: Lachlan Fold Belt (ALY 80%: DVP 20%)
New South Wales Projects: Lachlan Fold Belt (ALY 80%: DVP 20%) ASX: ALY HIGH QUALITY BASE AND PRECIOUS METALS PROSPECTS: • Highly prospective corridor with multiple new discoveries • YELLOW MOUNTAIN: Cu/Au • High grade copper at surface at Yellow Mountain Mine • High grade gold at Melrose • OVERFLOW
Slide 11: NSW Projects: Yellow Mountain
NSW Projects: Yellow Mountain ASX: ALY Extensive historic workings not drilled since 1986 • Grab samples of 28.4% Cu, 7.2% Pb in old mine mullock8 • Historic drilling intercepts9: • 24m @ 1.12% Cu, 1.19% Pb, 1.02% Zn from Surface • 52m @ 0.54g/t Au, 0.31% Cu, 35g/t Ag, 1.15% Pb and 1.28% Zn • RC dri
Slide 12: NSW Projects: Overflow
NSW Projects: Overflow ASX: ALY OVERFLOW • 342,000oz Maiden Resource at 1.3g/t AuEq2 • High grade drill intercepts intercepts10 • 6m @ 7.6g/t Au, 3.6% Zn, 1.6% Pb • 10m @ 4.4g/t Au, 3% Zn, 1.3% Pb • Surface mapping and sampling returned high grade intercepts11: • Regional potential remains largely u
Slide 13: NSW Projects: West Lynn
NSW Projects: West Lynn ASX: ALY WEST LYNN Nickel-Cobalt-HPA • 21.3Mt @ 0.84% Ni, 0.05% Co Resource12 • 7Mt @ 21% Al20313 • Positive metallurgical test-work completed in 201914 • Additional metallurgical testwork planned on Alumina to demonstrate High Purity Alumina potential in 2025 12 Refer to Alc
Slide 14: Indicative Exploration Timeline – strong pipeline of news flow
Indicative Exploration Timeline – strong pipeline of news flow* ASX: ALY KARONIE (ALY 100%) December 2024 January 2025 February 2025 March 2025 JOGMEC JV Approvals Geophysics/Soil Sampling Lithium targets RC Drilling Soil Sampling Aircore drilling Gold targets BRYAH BASIN (ALY 20%) Catalyst Metals J
Slide 15: Alchemy: Investment Thesis
Alchemy: Investment Thesis ASX: ALY Dominant Lithium land position Funded for exploration in which is largely untested. 2025 Portfolio leveraged to future facing and critical metals Drill testing of Copper and Iron ore Experienced team with proven M&A targets to commence in 2025 and operational trac
Slide 16: Appendix 1: Mineral Resources
Appendix 1: Mineral Resources Table A: West Lynn Project Inferred Ni-Co Mineral Resource Estimate (compliant with the JORC Code 2012 guidelines) Deposit Tonnes (Mt) Ni % Co % Al % Fe % West Lynn 14.7 0.85 0.05 2.4 20.2 Summervale 6.6 0.82 0.04 2.4 19.7 TOTAL 21.3 0.84 0.05 2.4 20 Notes: • A lower cu
Slide 17: Appendix 1: Mineral Resources (cont)
Appendix 1: Mineral Resources (cont) Table C: 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 Table D: Overflow Project Inferred Res
Slide 18: Enquiries
ASX: ALY ENQUIRIES: CONTACT: JAMES WILSON, CEO E: james@alchemyresources.com.au P: 08 9481-4400 W: alchemyresources.com.au
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