Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Investor Presentation (August 2020)
17 slides from Alchemy Resources's investor presentation, August 2020
Slide 1: Investor Presentation: Turning rocks into gold
Investor Presentation Turning rocks into gold August 2020 ASX: ALY
Slide 2: All Australian Projects
Resources Limited All Australian Projects g2 Alchemy BRYAH BASIN JV's Sandfire Base Metal JV (ALY 20%) OVERFLOW PROJECT ® Cobar-style high grade Au + base metal targets e@ ALY 51% + eaming 80% Alchemy free carriedto PFS @ then $5M to DFS Superior Gold JV (ALY 20%) © Hermes South 114 Koz Au resource
Slide 3: Capital structure, shareholders and board
Karonie RC Drilling ❑ Shares on Issue: 550.5M SFR AC Drilling Karonie RC Drilling Karonie RC Yellow Mtn Targets Announced Results Commencement Drilling Results ❑ Unlisted Options: 27.0M (2.5c to 12c) ❑ Share Price: 1.9c (11 August 2020) ❑ Market Cap: $10.5M ❑ Cash: *$0.9M (30 June 2020) * Excludes $
Slide 4: Karonie: quality gold project 90km east of Kalgoorlie
❑ Quality gold project in well established gold province 90km east of Kalgoorlie ❑ 1,209km2 (794km2 granted, 415km2 under application) ❑ Numerous drill targets surrounding Silver Lake Resources’ Aldiss Mining Centre 0.6Moz @ 2.1g/t Au 1 (mining ongoing) ❑ 38km strike of Claypan Shear Zone ✓ Hosts Bo
Slide 5: Drill ready gold targets along strike of Karonie deposits
❑ Drill ready gold targets along strike of Karonie deposits (0.46Moz @ 2.1g/t Au2) ✓ Parmelia ✓ Taupo ✓ KZ5 ✓ K4 ❑ Additional gold targets along strike of French Kiss deposit (0.12Moz @ 2.0g/t Au2) ✓ Esplanade ✓ Batavia ✓ Esplanade South ❑ Gilmore and Aldiss drill targets: strongly altered dolerite
Slide 6: Parmelia and KZ5 extension drilling planned
❑ Parmelia: consistently mineralisation dolerite open in all directions ❑ KZ5: gold mineralisation open to the north and down dip ❑ Extension RC drilling planned ❑ Drilling targeting downhole EM conductivity planned Refer to Alchemy Resources Limited ASX announcement dated 15 July 2020 Refer to Alch
Slide 7: Lake Rebecca: new project under application
❑ New project under application (482km2) ❑ 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 and Yellow Mountain: earning 80% interest
❑ Alchemy 51% - earning 80% interest by $0.35M spend before May 2021 ❑ Gilmore Suture focus ❑ Overflow Prospect ✓ Hera style, high grade gold and base metal drill intercepts ✓ Drilling planned for 2020 ❑ Yellow Mountain Mine ✓ Thick gold-silver-copper intercepts ✓ Untested IP chargeability high ✓ Dr
Slide 9: Cobar and Hera style deposits comparison with Overflow
Hera / Cobar-style Attribute Overflow ❑ Cobar and Hera style deposits - high grade, long life ❑ ❑ Polymetallic (Au-Ag-Cu-Pb-Zn) Vertical continuity ✓ ✓ underground mining operations. ❑ Shear hosted ✓ ❑ Proximity to major structures ✓ Chlorite-silica alteration ✓ ❑ Hera style deposits are typified by
Slide 10: Overflow: mineralisation open down plunge
❑ High grade gold and base metal mineralisation open down plunge ❑ Two diamond holes testing down plunge extension of mineralisation planned Plan showing >1g/t Au grade shell, previous drilling and proposed drilling over satellite image Ref. Alchemy Resources ASX Announcement 30 January 2018 10 OFDD
Slide 11: Yellow Mountain: extensive historic workings and drill intercepts
IP chargeability plan (300m RL) ❑ Extensive historic workings ❑ Thick gold-silver-copper-lead-zinc drill intercepts within an interpreted NE-plunging ore shoot ❑ Interpreted VMS system ❑ Subsequent structurally controlled gold-copper-silver mineralisation ❑ Strong IP chargeability high centered over
Slide 12: Melrose: 12km hydrothermal magnetite alteration
❑ 12km long hydrothermal magnetite alteration geochemically similar to porphyry Cu-Au systems (incl. Cadia-Ridgeway) ❑ Age dating on alteration zone returned 424Ma - similar age to intrusives and sulphides at Mineral Hill (10km to the east) ❑ Hydrothermally altered & brecciated sediments and volcani
Slide 13: Sandfire and Superior Gold joint ventures
❑ Sandfire Resources NL (ASX: SFR) Joint Venture along strike of DeGrussa ❑ Alchemy’s 20% interest free carried to PFS, up to $5M to DFS, then 20% share of costs to production repaid from 50% of Alchemy’s share of profit ❑ 1,400 aircore holes planned for the Fiddler, Bullgullan and Reefer areas due
Slide 14: Bryah Basin drilling completed and significant intercepts
❑ 1,730 AC and 11 RC holes completed for 129,893m ❑ Significant gold intercepts to date 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* (* not yet followed-up) ❑ Follow-up AC and RC drilling to focus on gold intercepts and DeGrussa VMS p
Slide 15: Alchemy Activity Timeline & Newsflow
Alchemy Activity Timeline & Newsflow Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Sandfire drilling commencement & results ✓ ✓ Overflow extension drilling commencement ✓ ✓ Overflow extension drilling & results ✓ ✓ Yellow Mountain Mine drilling commencement ✓ Yellow Mountain Mine drilling
Slide 16: Gold Potential and base metal value
❑ Gold Potential ✓ Karonie Gold Project – quality drill targets, close to existing resources and processing infrastructure ✓ Rebecca Gold Project – newly pegged, quality geological setting, known gold bearing structures and close to existing resources ✓ Hermes South Resource – 114,000oz @ 1.6g/t Au
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
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