Alchemy Resources Limited · ASX:ALY

Alchemy Resources — Investor Presentation (July 2019)

17 slides from Alchemy Resources's investor presentation, July 2019

  1. Slide 1: Investor Presentation

    Investor Presentation ASX: ALY July 2019

  2. Slide 2: Alchemy Projects

    Alchemy Projects: Renewed GoldjRocus AS?Alchem Resources Limited KARONIE PROJECT 794km? of exploration ground ALY 100% © OVERFLOW PROJECT © 378km’ of exploration ground e ALY 51% + earning 80% e Cobar-style high grade Au + base metal targets Immediately along strike of Breaker’s © 1.1Moz Au Bombora

  3. Slide 3: Capital Structure

    Capital Structure Listed on ASX Nov 2007 Shares on Issue (12 July 2019) 440.4m SFR Bryah West Lynn Options - unlisted (ex. 4c – 12c) 22.0m Farm-In Drilling Results Overflow Diamond Drilling West Lynn SFR Drilling Commencement Ni-Co Summervale Resource Al Resource Share Price (12 July 2019) 1.4c Mark

  4. Slide 4: Karonie Gold Project: quality gold project near Kalgoorlie

     Quality gold project in well established gold province 100km east of Kalgoorlie  Surrounds Silver Lake’s Aldiss Mining Centre  38km strike of Claypan Shear Zone (Bombora host structure):  fertile shear zone within poorly explored greenstone belt  only 4 lines of drilling through shallow transp

  5. Slide 5: 7 high quality gold targets

     7 high quality gold targets (aircore, RC & diamond drilling planned)  KZ5  Taupo  Parmelia  Gilmore  Aldiss  Esplanade  Challenger  Strike extensions of Karonie & French Kiss deposits 593,000oz @ 2.0g/t Au (Silver Lake Resources ASX: SLR)  Parmelia target: close to recent SLR Tank South d

  6. Slide 6: Overflow Project and West Lynn Project

     Alchemy 51% - earning 80% interest by $0.5M spend before May 2021  Overflow Project  Existing thick, high grade gold and base metal drill intercepts  Further drilling planned  West Lynn Project  JORC inferred resources established 21.3Mt @ 0.84% Ni, 0.05% Co 1 6.6Mt @ 20.8% Al2O3 (HPA) 2  Ad

  7. Slide 7: Cobar and Hera style deposits

    Hera / Cobar-style Attribute Overflow  Cobar and Hera style deposits - high grade, long life  Polymetallic (Ag-Au-Cu-Pb-Zn)  underground mining operations.  Proximity to major structures   Shear hosted  Chlorite-silica alteration   Hera style deposits are typified by lead-zinc rich upper 

  8. Slide 8: High grade gold and base metal mineralisation open down plunge

     High grade gold and base metal mineralisation open down plunge  Drilling planned Plan showing >1g/t Au grade shell, previous drilling and proposed drilling over satellite image Ref. Alchemy Resources ASX Announcement 30 January 2018 8

  9. Slide 9: West Lynn inferred JORC 2012 resource

     West Lynn inferred JORC 2012 resource 21Mt @ 0.84% Ni, 0.05% Co* Deposit Cut Off Ore (Mt) Ni% Ni (t) Co% Co (t) Fe % West Lynn 0.6% Ni 14.7 0.85 124,962 0.05 7,360 20.2 Summervale 0.6% Ni 6.6 0.82 54,440 0.04 2,920 19.7 Total 0.6% Ni 21.3 0.84 179,291 0.05 10,280 20.0  Good correlation between el

  10. Slide 10: Good initial metallurgical recoveries using nitric acid leach

     Good initial metallurgical recoveries using nitric acid leach (patented DNi Process™)  Composite blended laterite/saprolite samples returned average recoveries of 87.1% for nickel and 86.9% for cobalt*  West Lynn average Fe grade (20%) is ~half that of typical WA laterite deposits which facilita

  11. Slide 11: Summervale inferred JORC 2012 resource

     Summervale inferred JORC 2012 resource  6.6Mt @ 20.8% Al2O3* Deposit Cut Off Ore (Mt) Al2O3% Al2O3 (Mt) Fe2O3% TiO2% SiO2% Summervale 18% Al2O3 6.6 20.8 1.4 2.8 1.15 64  Mineralisation open in all directions  Potential for grade increase with beneficiation of ore  Up to 70% aluminium extractio

  12. Slide 12: Infrastructure near West Lynn and Summervale

     Mitchell Highway runs through the tenement  7km from Nyngan railway line (linked to Sydney & Newcastle)  Summervale 3km from Nyngan- Bourke power line  West Lynn 7km from Nyngan-Cobar power line  7km from Bogan Weir water pipelines (fed by Macquarie River)  12km from Nyngan township (>2,000 p

  13. Slide 13: Bryah Basin JVs: Sandfire and Superior Gold

     Sandfire Resources NL (ASX: SFR) earning up to 80% interest by spending $3.1M before 29 Oct 2019 1  Alchemy 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  Superior Gold Inc. (TSX-V: SGI) Joint Venture - Alchemy’s 20%

  14. Slide 14: Sandfire aircore drilling at De Grussa host rocks

     Aircore drilling across a 35km strike of the De Grussa host rocks is underway (initial 1.6km drill line spacing)  Anomalous copper intercepted at Churchill and Neptune 1  Deep RC drilling underway  Detailed gravity completed  MLEM underway  Horseshoe Lights AC drilling planned  >$3M work pla

  15. Slide 15: Alchemy Activity Timeline & Newsflow

    Alchemy Activity Timeline & Newsflow Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Sandfire drilling & results     Karonie RC/DD drilling commencement  Karonie RC drilling & results    Karonie Diamond drilling & results    Karonie Aircore drill

  16. Slide 16: Investment highlights

     Gold and Base Metals;  Karonie Gold Project – quality drill targets, close to existing resources and processing infrastructure  Overflow Project – Hera style high grade gold/base metal drill targets  Sandfire Resources funding >$3M of base metal exploration via Bryah Basin JV by Oct 2019  Herm

  17. Slide 17: 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 complete. Recipi

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