Slide 1: Investor Presentation August 2018
Investor Presentation August 2018
Slide 2: Building a diversified metals business
Building a diversified metals business Our aim is to discover and develop nickel-cobalt, base metal and/or gold deposits through systematic, targeted exploration: West Lynn Project (NSW) – Significant Ni-Co Exploration Target (100km2) Cobar Basin (NSW) – High-Grade Au and Base Metal Targets (674km2)
Slide 3: Corporate Overview
Corporate Overview Capital Structure Karonie Aircore Karonie RAB West Lynn Listed on ASX November 2007 Completion Commencement Ni-Co Option Karonie RAB results Shares on Issue (3 Aug 2018) 440.4m Karonie Aircore Commences Bombora Resource Options - unlisted 29.5m 1.5c Rights Issue Share Price (3 Aug
Slide 4: NSW Ni-Co: West Lynn and Woodsreef Projects
NSW Ni-Co: West Lynn and Woodsreef Projects (381km2) • World-class Ni-Co-Sc endowed mafic belt • West Lynn and Woodsreef Ni-Co Projects added into the existing Heron Resources Ltd (ASX: HRR) Farm-In Agreement • Farm-In Agreement enables Alchemy to earn up to an 80% interest in the licences by spendi
Slide 5: West Lynn Ni-Co Project
West Lynn Ni-Co Project (100km2) • 6km from Nyngan railway line linked to Sydney & Newcastle • 13km from Nyngan township (power & labour) • 11km from Scandium International Mining (TSX: SCY - MCap. $55M) Nyngan Sc Project (May 2016 positive NI43-101 Feasibility – 17Mt @ 235ppm Sc) • Geology, mineral
Slide 6: Market Cap Comparison & Activity Timeline
Market Cap Comparison & Activity Timeline • West Lynn Project value not yet recognised • Resource drilling to commence August 2018 Company Key project Resource MCap $M* Cut-off Source Alchemy Resources Ltd (ALY) West Lynn 1530Mt @ 0.050.07% Co, 0.70.9% Ni (Expl Target) 7 0.04% Co In-house resourc
Slide 7: West Lynn / Summervale Prospects – Ni-Co Exploration Potential
West Lynn / Summervale Prospects – Ni-Co Exploration Potential • West Lynn Prospect shallow high grade historic intercepts including: Summervale 19m @ 1.21% Ni, 0.10% Co (2.6% Al, 19.8% Fe) from 36m1) 16m @ 0.98% Ni, 0.07% from 37m 1) 10m @ 0.78% Ni, 0.11% Co from 15m 2) • Summervale Prospect shallo
Slide 8: West Lynn / Summervale Prospects – Phase 1 resource drilling completed
West Lynn / Summervale Prospects – Phase 1 resource drilling completed Summervale X-Section West Lynn X-Section • Phase 2 resource drilling to commence August 2018 8
Slide 9: NSW Cobar Basin / Lachlan Projects (674km2) – Epithermal, VMS, Porphyry Cu-Au Targets
NSW Cobar Basin / Lachlan Projects (674km2) – Epithermal, VMS, Porphyry Cu-Au Targets • 378km2 in metal-rich Cobar Basin; pre-mining metal inventory of: >6.4 Moz Au >2.2 Mt Cu >4.0 Mt Zn >3.0 Mt Pb >200 Moz Ag (Ref. Aurelia Metals Ltd ASX announcement dated 26 Sept 2012) • Overflow and Yellow Mounta
Slide 10: Hera / Cobar Style Deposits: Polymetallic, small surface area, long legs
Hera / Cobar Style Deposits: Polymetallic, small surface area, long legs Hera / Cobar-style Attribute Overflow • Overflow is a Hera style target representing the upper portions of a • Polymetallic (Ag-Au-Cu-Pb-Zn) ‘Cobar style’ deposit; typified by lead-zinc enriched upper sections • Proximity to
Slide 11: Overflow
Overflow OverflowVTEM VTEMConductivity ConductivityTarget Target: :Proposed ProposedMLEM MLEM&&Diamond DiamondHole Hole Execution of Native Title Access Agreement imminent 18m @ 2.1g/t Au, 111g/t Ag, 1.1% Zn 3m @ 7.3g/t Au, 43g/t from 245m Ag, 4.6% Zn, 4.6% Pb from 286m Crown Land Overflow Prospect
Slide 12: Alchemy 2018 Activity Timeline
Alchemy 2018 Activity Timeline Activity Timeline & Newsflow 2018 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 West Lynn Prev. Drilling Pulp Analysis (Sc-Al-Fe) Pulp Assays Received & Announced West Lynn Resource Drilling Overflow Surface EM survey West Lynn Drilling Assays Announced
Slide 13: Western Australia: Karonie Project
Western WesternAustralia: Australia:Karonie KaronieProject Project • 782km2 of highly prospective exploration licences • Quality geological setting – greenstones containing large scale structures (Keith Kilkenny and Claypan Shear) and mineralised secondary structures, proximal to “internal” granites
Slide 14: Karonie Project - Drill Targets
Karonie KaronieProject Project- Drill - DrillTargets Targets Maximum DH Gold in Historic Drilling • Esplanade (southern extension of French Kiss 137Koz @ 1.8g/t Au) • Parmelia (southern extension of Harry’s Hill 423Koz @ 2.3g/t Au) • Claypan Shear Zone (38km long, no effective geochemistry and only
Slide 15: Karonie and Claypan Shear Drill Targets
Karonie KaronieProject Project- Karonie and – Karonie Claypan and Shear Claypan Drill Shear Targets Drill Targets • Anomalous gold results returned from Dragon and Manhattan RAB drilling across the Claypan Shear Zone, coinciding with quartz veined, sheared silica- carbonate-pyrite altered dolerite.
Slide 16: Bryah Basin Project (527km2) – Farm-In Agreements
Bryah Bryah Basin Basin Project Project (527km (527km 2) – IGOand 2) - Sandfire andSuperior SuperiorGold Gold Farm-in’s Farm-In Agreements • Sandfire Resources NL (ASX: SFR) have acquired IGO’s Farm-in interests1) and are now earning a 70-80% by spending an additional $3.1M before 29 Oct 2019. Alche
Slide 17: Bryah Basin Project - Superior Gold Farm-in Joint Venture
Bryah BryahBasin BasinProject Project- Superior - Superior Gold Gold Farm-in Joint Venture / Joint Venture • Superior Gold / Billabong Gold recently completed phase 1 RC drilling (45 holes for 7,000m) to confirm potential for Hermes South (Wilgeena) to become a second open pit operation. • Significa
Slide 18: Summary
Summary Value of projects not recognised in Alchemy’s share price; West Lynn Ni-Co (Al + Sc) Exploration Target with significant expansion potential close to rail and potential Sc processing plant Overflow Project – host to a potential “company maker” deposit? Karonie Project prospective for shallow
Slide 19: Appendix 1: Cobalt Supply, Demand and Price
Appendix 1: Cobalt Supply, Demand and Price Cobalt Demand Global Mined Cobalt by Country - 2016 5 Year Cobalt Price (US$/t) Source: Canaccord Genuity If the DRC turmoil continues, and/or China continues to absorb global cobalt supplies, then prices should remain Annual Global Light Vehicle Sales For
Slide 20: Overflow Project - Mallee Bull and Tritton EM anomalies
Karonie(ASX: Overflow Project - Southern ALY), Prospects Mallee Bull (ASX: PEX) and Tritton (ASX: AIS) EM anomalies 20 Ref. Alchemy ASX Announcement dated 31 Jan 2017
Slide 21: Karonie Project – Southern Prospects
Karonie KaronieProject Project–-Southern SouthernProspects Prospects Esplanade historic drill intercepts include: 9m @ 3.0g/t Au from 61m (LPAC083) 8m @ 3.4g/t Au from 38m (LPAC035) 5m @ 2.9g/t Au from 101m (LPRC5) Batavia historic drill intercepts include: 3m @ 14.6g/t Au from 121m (ISRC1001) 8m @
Slide 22: Disclaimer
Disclaimer Karonie Project and Competent - SouthernPerson’s Prospects Statement 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