Alchemy Resources Limited · ASX:ALY
Alchemy Resources — RIU Resurgence Conference 2020
17 slides from Alchemy Resources's conference presentation, Sep 16, 2020
Slide 1: RIU Resurgence Conference: Turning rocks into gold
RIU Resurgence Conference Turning rocks into gold Hyatt Regency Perth,15-16 September 2020 ASX: ALY
Slide 2: All Australian Projects
Resources Limited All Australian Projects dQ Alchemy Bryah Basin Project Lake Rebecca Project PERTH Karonie Project © Gold Project © Gold & Base Metals Project © Nickel-Cobalt Project
Slide 3: Corporate snapshot: shares, market cap, shareholders and board
Karonie RC Drilling Results Karonie RC Drilling Karonie RC Yellow Mtn Targets Announced Commencement Drilling Results ❑ Shares on Issue: 672M ❑ Unlisted Options: 60M (2.5c to 12c) ❑ Share Price: 1.7c (11 Sept 2020) ❑ Market Cap: $11.4M ❑ Cash: $2.3M (11 Sept 2020) ❑ No. of Shareholders: 1,342 ❑ Lind
Slide 4: Karonie Gold Project
❑ 1,209km2 (794km2 granted, 415km2 under application) ❑ Quality gold project in well established gold province 100km east of Kalgoorlie ❑ Numerous drill targets surrounding Silver Lake’s Aldiss Mining Centre - 0.6Moz @ 1.9g/t Au 1 (Silver Lake Resources ASX: SLR) ❑ 38km strike of Claypan Shear Zone
Slide 5: Recent drilling along strike of the Karonie deposits
❑ Recent drilling focussed along strike to the north and south of the Karonie deposits (0.5Moz @ 1.9g/t Au 2) ✓ Parmelia ✓ Taupo ✓ KZ5 ❑ Additional gold targets along strike to the south of French Kiss deposit (0.1Moz @ 1.8g/t Au 2) ✓ Esplanade ✓ Esplanade South ✓ Batavia ❑ Operational haul road lin
Slide 6: Parmelia and KZ5 RC drilling
❑ Parmelia RC drilling - 26m @ 1.6g/t Au 1 ❑ KZ5: interpreted VMS system, Alchemy drilling - 26m @ 1.3g/t Au, 0.9% Zn 2 ❑ Altered dolerite open in all directions ❑ Mineralisation in massive sulphides, open to the north and down dip where ❑ Extension RC drilling planned Oct 2020 previous downhole EM
Slide 7: Lake Rebecca Project
❑ New project under application (494km2) ❑ Highly prospective geological setting covering greenstones, internal granites, and known gold bearing structures ❑ 10km south-east of Carosue Dam 5.4Moz @ 2.0g/t Au1 (Saracen Mineral Holdings ASX: SAR) ❑ 6km west of Rebecca, Duchess and Duke deposits 1Moz @
Slide 8: Overflow, Yellow Mountain and West Lynn Projects
❑ Alchemy 51% : Heron Resources 49% ❑ $350K spend by May 2021 to earn 80% ❑ 1,055km2 granted tenure ❑ Gilmore Suture focus: host to Evolution’s Cowal gold deposit (9Moz @ 1.1g/t Au1) (Evolution Mining Limited ASX: EVO) ✓ Overflow Prospect ✓ Yellow Mountain Mine ✓ Melrose Prospect ❑ West Lynn Project
Slide 9: Overflow Prospect: Hera-style gold and base metal mineralisation
❑ Hera-style, shear hosted high grade gold and base metal mineralisation, open down plunge to the south ❑ Two diamond holes planned to test down plunge target area – drilling expected to commence September 2020 Plan showing >1g/t Au grade shell, previous drilling and proposed drilling over satellite
Slide 10: Yellow Mountain Mine target
❑ Extensive historic workings located 20km south of the Overflow Prospect ❑ Thick gold and base metal drill intercepts within an apparent NE-plunging shoot ❑ Interpreted VMS system containing massive sulphides ❑ Strong, untested IP chargeability high located down plunge to the NE – potentially repre
Slide 11: Melrose porphyry Cu-Au target
❑ 12km long hydrothermal alt’n zone containing magn + Mo geochemically similar to porphyry Cu-Au systems (e.g. Cadia-Ridgeway) ❑ Magnetic high comprised of hydrothermally altered & brecciated sediments and volcaniclastic rocks ❑ Re-Os dating on Mo in alteration zone returned 424Ma - similar age to i
Slide 12: Sandfire and Superior Gold joint ventures
❑ Sandfire Resources NL (ASX: SFR) Joint Venture along strike of DeGrussa ❑ 1,400 aircore holes planned to SE of Horseshoe Lights copper mine, due to commence Q4 2020 ❑ Alchemy’s 20% interest carried to production, then 20% share of costs repaid from 50% of Alchemy’s share of profit ❑ Superior Gold
Slide 13: Bryah Basin drilling along strike of DeGrussa
❑ Wide spaced drilling by Sandfire along strike of DeGrussa delineated several gold and base metal anomalies ❑ Best gold intercepts include1: 5m @ 6.4g/t Au from 100m* 5m @ 2.7g/t Au from 65m* 5m @ 2.0g/t Au from 65m* 5m @ 1.6g/t Au from 65m* (* require follow-up drilling) ❑ Several DeGrussa style V
Slide 14: Exploration program and news flow
Exploration Program Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Overflow diamond drilling commencement (NSW) ✓ Overflow diamond drilling & results ✓ ✓ ✓ Karonie RC drilling commencement (WA) ✓ Karonie RC drilling & results ✓ ✓ Bryah Basin - SFR AC drilling commencement & results (
Slide 15: Gold potential and base metal targets summary
❑ Gold Potential; ✓ Karonie Gold Project – quality drill targets, close to existing resources and processing infrastructure ✓ Lake Rebecca Gold Project – newly pegged, quality geological setting, known gold bearing structures and close to existing resources ✓ Mining proposed at Hermes + Hermes South
Slide 16: Disclaimer
ABN 17 124 444 122 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
Slide 17: Mineral Resource Estimates: Hermes South and West Lynn
ABN 17 124 444 122 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: • Joint Venture