Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2023)
24 slides from Alchemy Resources's shareholder meeting presentation, November 2023
Slide 1: Annual General Meeting Presentation
Annual General Meeting Presentation November 2023 | 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: Why Alchemy?
Why Alchemy? Large “Battery Belt” Lithium Growing Gold Inventory in well Free carried Joint Ventures with Land Position established gold districts producers Located east of Kalgoorlie, Western 450koz of combined gold resources Joint ventures on base and precious Australia, adjacent to existing lithi
Slide 4: Investment Snapshot
Investment Snapshot Advanced Gold, Base and Battery metals in WA & NSW KARONIE, Western Australia (ALY 100%) • LCT Pegmatites discovered on existing gold tenements • 100% owned position in the battery belt • Growing gold resource base BRYAH, Western Australia (ALY 20%) • Exploration: Sandfire Resour
Slide 5: Corporate Overview
Corporate Overview BOARD & MANAGEMENT CAPITAL STRUCTURE LINDSAY DUDFIELD NON-EXECUTIVE CHAIRMAN Geologist, +40 years' experience, Exec Director Jindalee Resources, NED Energy Metals & Dynamic Metals SHARES ON ISSUE 1.18b JAMES WILSON CHIEF EXECUTIVE OFFICER Geologist, +20 years' experience, formerly
Slide 6: Western Australia: Gold & Battery Metals Projects
Western Australia: Gold & Battery Metals Projects A STRATEGIC POSITION IN A WELL-ENDOWED PRECIOUS METALS BELT LAKE KARONIE – 100% ALY: REBECCA • 110km east of Kalgoorlie – 1,190km2 tenement package • Adjacent to Global Lithium Resources (ASX: GL1) Manna Lithium Deposit • Outcropping LCT Pegmatites a
Slide 7: Karonie: Lithium
Karonie: Lithium Strong pipeline of Drill Ready Lithium targets identified • Geochemical 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 • T
Slide 8: Karonie: Lithium - Strategic tenure adjacent to a lithium development play
Karonie: Lithium Strategic tenure adjacent to a Lithium development play ▪ ALY tenure is 100% owned ▪ Granted tenure surrounding ASX: GL1 tenure ▪ Tenure sits within the “Goldilocks zone” in proximity to the Cardunia Granite – the “fertile parent granite” for LCT Mineralisation in the area 7
Slide 9: Karonie: Lithium - Highly prospective tenure
Karonie: Lithium Highly prospective tenure • Soil sampling has identified numerous zones of Lithium and Pathfinder element anomalism • Roe Hills, Taupo North and Cherry-Pecan trend remain largely untested • Multiple anomalous zones up to 12km x 6km • Exploration mapping has identified zones of Lepid
Slide 10: Karonie: Lithium - Regional Exploration
Karonie: Lithium Karonie Regional Exploration Belt scale lithium prospectivity • Regional soil geochemistry highlights “belt scale” potential6 • Red Oak & Alder which show coincident lithium and pathfinder anomalism • Multiple regional targets to test within 60km area along strike from Cherry/Hickor
Slide 11: Karonie: Gold
Karonie: Gold A traditional gold province for many decades… • Adjacent to the Silver Lake Resources (ASX: SLR) Aldiss Mining Operation (currently operating) • Maiden 111,100oz Resource released in mid-20212 • Near surface gold resources at Taupo, KZ5 and Parmelia • Over 16 regional advanced gold tar
Slide 12: Lake Rebecca – Lithium / Gold
Lake Rebecca – Lithium / Gold LAKE REBECCA - (ALY 100%) • Strategic landholding in a multi-million-ounce gold corridor • 6km West of Ramelius’ Rebecca Gold Project & 10km East of ASX: NST’s Carosue Dam Gold Mine • Dominant tenure along the Claypan Shear and Keith Kilkenny shear • Lithium soil sampli
Slide 13: Bryah Basin Joint Ventures (ALY 20%)
Bryah Basin Joint Ventures (ALY 20%) 7 Refer to Alchemy ASX announcement dated 24 February 2015 8 Refer to Alchemy ASX announcement dated 8 May 2019 12
Slide 14: New South Wales Projects: Cobar Basin & Lachlan Fold Belt
New South Wales Projects: Cobar Basin & Lachlan Fold Belt (ALY 80%: DVP 20%) HIGH QUALITY BASE AND PRECIOUS METALS PROSPECTS: • MELROSE: (IRGS Au-Cu) • YELLOW MOUNTAIN: (Cu-Au porphyry, VMS) • OVERFLOW: 342koz AuEq gold & base metal Resource9 • WEST LYNN / SUMMERVALE • HPA and Nickel Cobalt Resource
Slide 15: New South Wales Projects
New South Wales Projects NSW Projects in Joint Venture with Develop Global (ASX:DVP) • Alchemy 80% interest and operator of JV • YELLOW MOUNTAIN (High grade Cu-Au) – not drilled since 1986 • MELROSE (IRGS Au-Cu) – High grade gold - proximal to Mineral Hill Mine owned by Kingston Resources • OVERFLOW
Slide 16: NSW Projects – Yellow Mountain
NSW Projects – Yellow Mountain Mine Prospect Extensive historic workings not drilled since 1986 • Historic drilling intercepts13: • 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 17: NSW Projects – Overflow
NSW Projects – Overflow OVERFLOW • 342koz Maiden Resource at 1.3g/t AuEq⁹ • High grade drill intercepts intercepts15 • 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 along strike and at depth • Additional drill testing planned in CY
Slide 18: NSW Projects – Overflow Regional
NSW Projects – Overflow Regional OVERFLOW REGIONAL EXPLORATION • Regional structures along strike from Overflow are poorly tested • Regional Target 1 has never been drilled despite showing structural similarities to Overflow • Regional Target 2 has multiple zones not followed up since 1978 by Aberfo
Slide 19: NSW Projects – West Lynn
NSW Projects – WEST LYNN WEST LYNN Nickel-Cobalt-HPA • Advanced critical metals • Positive metallurgical test-work completed in 201917 • HPA Product achieved – requires additional test work to achieve 4N quality • HPA Deposit sits above Ni-Co Resource and could be mined concurrently • Option agreeme
Slide 20: Indicative Exploration Timeline – strong pipeline of news flow
Indicative Exploration Timeline – strong pipeline of news flow* KARONIE (ALY 100%) Q4 2023 Q1 2024 Q2 2024 Q3 2024 Karonie Lithium Follow-up drilling RC drilling Regional Lithium XRF Mapping Lithium Regional soils BRYAH BASIN JVs (ALY 20%) Catalyst Metals (Hermes South Exploration) Sandfire JV Airco
Slide 21: Alchemy – Investment Thesis
Alchemy – Investment Thesis Dominant Lithium land position Fully funded for exploration Portfolio leveraged to future in 2024 facing and critical metals Drill testing of lithium targets to Experienced team with proven track commence in December 2023. Gold record and base metals targets testing in 20
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 Table E: Overflow Project Inferred Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Au ppm Ag ppm Cu ppm Pb ppm Zn ppm 0.7 8,189,000 1.3 342,300 0.5 54.7 357 2,549 5,236 Notes: • All figures rounded to reflect the appro
Slide 24: Enquiries
ENQUIRIES: CONTACT: JAMES WILSON, CEO E: james@alchemyresources.com.au P: 08 9481-4400 W: alchemyresources.com.au
Alchemy Resources — Shareholder Meeting (November 2023) on 6ix