Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Shareholder Meeting (November 2020)
18 slides from Alchemy Resources's shareholder meeting presentation, Nov 12, 2020
Slide 1: AGM Presentation: Turning rocks into gold
AGM Presentation Turning rocks into gold 12 November 2020 ASX: ALY
Slide 2: All Australian Projects
Resources Limited All Australian Projects dQ Alchemy Bryah Basin Project Lake Rebecca Project Overflow Project Karonie Project i SYDNEY © Gold Project a) Gold & Base Metals Project ® Nickel-Cobatt Project
Slide 3: Corporate snapshot: shares, capital and board
Karonie RC Karonie RC Drilling Results Overflow / Karonie Drilling Results Yellow Mtn Targets Announced Drilling Commencement ❑ Shares on Issue: 672M ❑ Unlisted Options: 60M (2.5c to 12c) ❑ Share Price: 2.0c (10 Nov 2020) ❑ Market Cap: $13.4M ❑ Cash: $2.3M (30 Sept 2020) ❑ No. of Shareholders: 1,405
Slide 4: Expenditure and 2020 exploration statistics
❑ Staff, administration and corporate costs averaging <$100K per quarter ❑ Exploration Expenditure to Total Expenditure Ratio being maintained above 60% ❑ 2020 exploration statistics: 256 geochem samples and 698.6m diamond, 2623m RC & 1198m aircore drilling 5
Slide 5: Karonie Project overview
❑ 1,180km2 (915km2 granted, 265km2 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 6: Karonie recent drilling along strike of Silver Lake lease
❑ Recent drilling focussed along strike to the north and south of Silver Lake’s mining lease (Karonie-Harrys Hill-Tank 0.5Moz @ 1.9g/t Au 2) ✓ Parmelia ✓ Taupo ✓ KZ5 ❑ Additional gold targets along strike to the south of Silver Lake’s French Kiss deposit (0.1Moz @ 1.8g/t Au 2) ✓ Esplanade ✓ Esplanad
Slide 7: Parmelia and Taupo RC drilling results
❑ Parmelia RC drilling - 26m @ 1.6g/t Au 1 ❑ KZ5: interpreted VMS system, Alchemy drilling - 26m @ 1.3g/t Au, 0.9% Zn 2 ❑ Minz, altered dolerite open in all directions ❑ Mineralisation in massive sulphides, open to the north and down dip where ❑ Extension RC drilling results due early Dec previous d
Slide 8: Lake Rebecca Project
❑ New project under application (520km2) ❑ 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 9: Overflow and Yellow Mountain Projects, West Lynn
❑ Alchemy 51% : Heron Resources 49% ❑ $100K 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 10: Overflow Prospect diamond drilling
❑ Hera-style, shear hosted high grade gold and base metal mineralisation, open down plunge to the south ❑ Two diamond holes drilled into down plunge target area both intercepting 12-15m thick shear with qtz v’s & sulphides ❑ Downhole EM completed in OFDD004, first assay results expected early Decemb
Slide 11: 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 12: Melrose porphyry Cu-Au target
❑ 12km long hydrothermal altn 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 int
Slide 13: Joint ventures: Sandfire and Superior Gold
❑ 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 free cash flow ❑ Superi
Slide 14: Bryah Basin drilling by Sandfire
❑ 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 15: Exploration program timeline
Exploration Program Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Overflow diamond drilling results ✓ ✓ Overflow DHEM ✓ ✓ Karonie RC drilling results ✓ ✓ Bryah Basin - SFR AC drilling commencement & results (WA) ✓ ✓ ✓ ✓ ✓ ✓ Yellow Mountain Mine drilling commencement (NSW) ✓ Yellow Mountain
Slide 16: Summary of gold potential and targets
❑ Excellent 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 & He
Slide 17: 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 18: 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
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