Alchemy Resources Limited · ASX:ALY
Alchemy Resources — Investor Presentation (October 2020)
17 slides from Alchemy Resources's investor presentation, October 2020
Slide 1: Investor Presentation: Turning rocks into gold
Investor Presentation Turning rocks into gold October 2020 ASX: ALY
Slide 2: All Australian Projects
Resources Limited All Australian Projects 4 Alchemy BRYAH BASIN JV's Sandfire Base Metal JV (ALY 20%) OVERFLOW PROJECT ® Cobar-style high grade Au + base metal targets Alchemy free carriedto PFS @ then $5M to DFS Superior Gold JV (ALY 20%) © Hermes South 114 Koz Au resource © ALY 51% + earming 80% A
Slide 3: Capital structure, shareholders and board
Karonie RC Drilling Karonie RC Karonie RC Drilling Results Overflow Drilling Commencement Drilling Results Yellow Mtn Targets Announced Commencement ❑ Shares on Issue: 672M ❑ Unlisted Options: 60M (2.5c to 12c) ❑ Share Price: 1.8c (8 Oct 2020) ❑ Market Cap: $12.1M ❑ Cash: $2.2M (30 Sept 2020) ❑ No.
Slide 4: Karonie Gold Project
❑ 1,209km2 (794km2 granted, 415km2 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 5: Recent drilling along strike of Silver Lake's mining 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 6: Parmelia and KZ5 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 planned Oct 2020 previous downho
Slide 7: Lake Rebecca Project
❑ New project under application (494km2) ❑ 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, Yellow Mountain and West Lynn projects
❑ Alchemy 51% : Heron Resources 49% ❑ $350K 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 9: Overflow Project: Hera-style mineralisation
❑ Hera-style, shear hosted high grade gold and base metal mineralisation, open down plunge to the south ❑ Two diamond holes targeting down plunge area – 1st hole returned 12m thick minz zone, 2nd hole underway Plan showing >1g/t Au grade shell, previous drilling and current drilling (red traces) ove
Slide 10: Yellow Mountain Project
❑ 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 11: 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 in
Slide 12: Sandfire and Superior Gold joint ventures
❑ 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 13: Bryah Basin drilling along strike of DeGrussa
❑ 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 14: Exploration program and news flow
Exploration Program Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Overflow diamond drilling commencement (NSW) ✓ Overflow diamond drilling & results ✓ ✓ ✓ Karonie RC drilling commencement (WA) ✓ Karonie RC drilling & results ✓ ✓ Bryah Basin - SFR AC drilling commencement & results (
Slide 15: Investment highlights
❑ 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 16: 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 17: 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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