Alchemy Resources : CEO Presentation - 2021 AGM

EXPLORING FOR HIGH GRADE GOLD
AND BASE METALS IN WESTERN
AUSTRALIA AND NEW SOUTH WALES
only	Annual General Meeting
use
November 18, 2021
ANNUAL GENERAL MEETING PRESENTATION	ASX: ALY	www.alchemyresources.com.au
ersonal

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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. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdictions. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such a jurisdiction.

Thisonlypresentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political deve opments.

To the fullest extent permitted by law, Alchemy and its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other represe tations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Alchemy. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under any applicable law and the ASX Listing Rules, Alchemy does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation of any changes in events, conditions or circumstances on which any such forward looking statement is based.

Compuset nt Person's Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr James Wilson, who is the Chief Executive Officer of Alchemy Resources Limited and holds shares and options in the Company. Mr Wilson is a Member of the Australian Institute of Geo cienti ts and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ('JORC Code 2012'). Mr Wilson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources at the Hermes South Gold Deposit is based on information compiled by Mr Stephen Hyland, a geological consultant working for Superior Gold Inc. Mr Hyland is a Fellow of The Australasian Institute of Mining and Metallurgy, and has s fficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ('JORC Code 2012'). Mr Hyland consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

TheersonalWest Lynn and Summervale estimates were completed by Stephen Godfrey of Resource Evaluation Services, who is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Godfrey is a Fellow of the Australasian

Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists, and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ('JORC Code 2012'). Mr Godfrey consents to the inclusion in this report of the matters based on his information in the form and context in which it ppears .

The i formation in this report that relates to the Mineral Resources is based on information announced to the ASX on 19 February 2019 (West Lynn Ni-Co), 19 June 2019 (Summervale Al2O3) and 31 July 2020 (Hermes South Au). Alchemy confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply.

The inf rmation in this report that relates to Karonie Mineral Resources is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Richard Maddocks is an employee of Auranmore Consulting. Richard Madd cks has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Res urces and Ore Reserves'. Richard Maddocks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Investment Snapshot

Dominant position in WA Gold Belts

• Strategic 1,800km2 package of prospective gold
only
and base metals tenements along the Keith
Kilkenny shear
• ALY commands the largest position of the three
main groups which controls this land package
Near term production via JV's
• Superior Gold Joint Venture to mine the Hermes
+ Hermes South deposit in early 2022
• Sandfire Resources NL Joint Venture (ALY 20%
useinterest) free carried to production
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NSW Gold and Base metals: (ALY 80%)
• Large Scale potential from Cu-Au porphyries -
some not explored since 1986
L w valuation compared to exploration peers
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Corporate Overview

	CAPITAL STRUCTURE
	SHARES ON ISSUE (post rights issue)	952M
	only			$11.4M
	MARKET CAP1
	CASH	** (post rights issue)		$3.5M
	use			$8.1M
	ENTERPRISE VALUE **
		MAJOR SHAREHOLDERS			BOARD & MANAGEMENT
							NON-EXECUTIVE CHAIRMAN
	ersonal					LINDSAY DUDFIELD
					Geologist, +30 years experience, Exec Director Jindalee Resources, NED Energy Metals
	NORTHERN STAR RESOURCES
			JAMES WILSON	CHIEF EXECUTIVE OFFICER
						Geologist, +20 years experience, former gold analyst for prominent WA broking
	NEIL WATSON				houses
			LIZA CARPENE	NON-EXECUTIVE DIRECTOR
						Former Company Secretary NST, Current NED Mincor Resources
	LINDSAY DUDFIELD
			ANTHONY HO	NON-EXECUTIVE DIRECTOR
	TOP 20 60%
			JESSAMYN LYONS / CARLY TERZANIDIS	JOINT COMPANY SECRETARY
1 Bas d on the closing price of ALY shares of $0.012ps on 17/11/21				Page 3
** Curr nt shares on issue as at 17/11/2021- Entitlement's issue underway - refer ASX announcement 11 October 2021

Western Australia: Gold Projects

A STRATEGIC LAND PACKAGE IN ONE OF AUSTRALIAS MOST WELL ENDOWED GOLD BELTS…

KARONIE:

only• 110km east of Kalgoorlie 1,238km2 tenement package

• Heavy haulage roads, rail and 3G coverage

•

use90km of prospective strike, vastly under-explored

• 111koz Maiden Resource released in September

LAKE REBECCA (Under Application): ersonal• 562km2 land package

• 6km West of Rebecca Project (ASX: AOP)

• 10km East from Carosue Dam operations (ASX: NST)

LAKE

REBECCA

KARONIE

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