Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2021)
23 slides from Alchemy Resources's shareholder meeting presentation, Nov 18, 2021
Slide 1: Exploring for High Grade Gold and Base Metals - Annual General Meeting
EXPLORING FOR HIGH GRADE GOLD AND BASE METALS IN WESTERN AUSTRALIA AND NEW SOUTH WALES Annual General Meeting November 18, 2021 ANNUAL GENERAL MEETING PRESENTATION 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 Dominant position in WA Gold Belts • Strategic 1,800km2 package of prospective gold and base metals tenements along the Keith Kilkenny shear • ALY commands the largest position of the three main groups which controls this land package Near term production via JV’s • Superior Gold
Slide 4: Corporate Overview
Corporate Overview CAPITAL STRUCTURE SHARES ON ISSUE (post rights issue) 952M MARKET CAP1 $11.4M CASH** (post rights issue) $3.5M ENTERPRISE VALUE ** $8.1M MAJOR SHAREHOLDERS BOARD & MANAGEMENT LINDSAY DUDFIELD NON-EXECUTIVE CHAIRMAN Geologist, +30 years experience, Exec Director Jindalee Resources,
Slide 5: Western Australia: Gold Projects
Western Australia: Gold Projects A STRATEGIC LAND PACKAGE IN ONE OF AUSTRALIAS MOST WELL ENDOWED GOLD BELTS… LAKE KARONIE: REBECCA • 110km east of Kalgoorlie 1,238km2 tenement package • Heavy haulage roads, rail and 3G coverage • 90km of prospective strike, vastly under-explored • 111koz Maiden Reso
Slide 6: Lake Rebecca – an M&A hot spot
Lake Rebecca – an M&A hot spot LAKE REBECCA - (ALY 100%) • Strategic landholding in a multi-million ounce corridor • 6km West of AOP 1.1Moz @ 1.2g/t Au1 and north of BRB 1.37Moz @ 1.5g/t Au2 • 10km from NST’s Carosue Dam operations (4.3Moz @ 2g/t Au3) • Significant tenure along the Claypan and Keith
Slide 7: Karonie
Karonie KARONIE • Along strike from SLR’s Aldiss Mining Centre (560koz)4 • Established Gold Province • Previous explorers focussed heavily on RAB/Aircore (ineffective) • Under drilled – significant alluvial cover • 38km strike coverage of the Claypan Shear • <10km South from BRB’s Lake Roe discovery
Slide 8: Karonie – Maiden Resource completed
Karonie – Maiden Resource completed PARMELIA, KZ5, TAUPO Along strike from SLR:ASX Aldiss Mining Operation • Maiden 111,100oz Resource (0.8g/t cut-off)7 • Taupo – 441kt @ 1.4g/t Au for 20koz • KZ5 – 1.9Mt @ 1.2g/t Au for 71koz • Parmelia – 644kt @ 1.0g/t Au for 21koz KARONIE – ESPLANADE – BATAVIA •
Slide 9: Karonie: KZ5 & Parmelia
Karonie: KZ5 & Parmelia KZ5 PARMELIA PROSPECT PROSPECT
Slide 10: Karonie: Taupo simple geometry and good grade
Karonie: Taupo simple geometry and good grade TAUPO PROSPECT Page 9
Slide 11: Karonie: Sparse drilling
Karonie: Sparse drilling MINIMAL HISTORIC DRILLING • Previous explorers focused on near surface supergene targets • Large majority of drilling was RAB and Aircore which was not able to penetrate into fresh rock or loose alluvial cover • 190 holes drilled >100m depth over the entire tenement package
Slide 12: Karonie: Hi-Res magnetics
Karonie: Hi-Res magnetics High resolution drone magnetics completed in October 2020 • High resolution 40m and 20m line spacing magnetics were flown throughout the Aldiss Corridor adjacent to Silver Lake Resources Aldiss Mine. • Magnetics picks up the dolerite host rock in the region • Numerous new t
Slide 13: Bryah Basin JV’s – near term cashflow potential from Hermes
Bryah Basin JV’s – near term cashflow potential from Hermes 8 Refer to Alchemy ASX announcement dated 24 February 2015 9 Refer to Alchemy ASX announcement dated 8 May 2019 Page 12
Slide 14: New South Wales Projects: Cobar Basin & Lachlan Fold Belt (ALY 80%)
New South Wales Projects: Cobar Basin & Lachlan Fold Belt (ALY 80%) HIGH QUALITY PROSPECTS: • MELROSE (IRGS Au-Cu) • YELLOW MOUNTAIN (Cu-Au porphyry, VMS) • OVERFLOW (high grade Au + base metals) • WEST LYNN / SUMMERVALE • lateritic Ni-Co & Alumina resource • 21.3Mt @ 0.84% Ni, 0.05% Co10 • 6.6Mt @
Slide 15: Melrose – Challenging 80 year old geological model
Melrose – Challenging 80 year old geological model MELROSE MAGNETIC ANOMALY (“MMA”) • 12km long alteration zone geochemically analogous to large IRGS systems such as Kidston, Mungana • No drilling >100m deep into alteration zone – failed to identify the mafic intrusive anomaly • 7 strongly anomalous
Slide 16: Yellow Mountain Prospect
Yellow Mountain Mine Prospect Extensive historic workings not drilled since 1986, many drillholes not tested for gold Historic drilling intercepts12: • 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 Untested IP chargeability high
Slide 17: NSW Projects – Overflow(ing) with potential
NSW Projects – Overflow(ing) with potential OVERFLOW • 20km north of Yellow Mt • Best historic intercept • 6m @ 7.6g/t Au14 • 10m @ 4.4g/t Au14 • Mineralisation traced over a 700m strike extent • Open down plunge • Drill testing early CY2022 14 Refer to Alchemy Resources ASX Announcement 14 December
Slide 18: Indicative Exploration Timeline – strong pipeline of news flow
Indicative Exploration Timeline – strong pipeline of news flow* KARONIE (ALY 100%) Q4 2021 Q1 2022 Q2 2022 Q3 2022 Karonie East Gilmore and Western Brown Karonie Aircore & RC drilling Karonie detailed UAV Magnetics Gilmore EIS Co-funding decision BRYAH BASIN JV’s (ALY 20%) Superior Gold JV (Hermes S
Slide 19: Alchemy – Investment Thesis
Alchemy – Investment Thesis Enterprise Value ~$10m highly leveraged to exploration success BRYAH BASIN (WA) Superior Gold JV – Near term cash-flow potential Sandfire Resources – Free carried with extensive exploration underway WEST LYNN / SUMMERVALE Large tonnage Ni-Co & alumina resources with explo
Slide 20: 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 21: 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 21 Page 20
Slide 22: Appendix 2: Alchemy WA Gold Tenure
Appendix 2: Alchemy WA Gold Tenure – majority control of the belt for 154km of strike 22 Page 20
Slide 23: 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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