ALCHEMY RESOURCES LIMITED — AGM Information 2015

Nov 25, 2015

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Unlocking the gold and
base metals potential in
the Bryah Basin
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Annual General Meeting November 2015

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Strategy to unlock gold and base metal potential across Bryah Basin Project , Western Australia through joint venture-funded exploration

Independence Group farm-in and Joint Venture funding base metal exploration along +45km long VMS prospective corridor

Multiple geochemical & geophysical base metal targets identified – initial drilling and ground EM completed

Neptune Prospect – multiple mineralised horizons with strong copper and/or gold anomalism within prospective sequence

Northern Star Resources farm-in and Joint Venture funding gold exploration for additional high-grade gold resources across highly prospective region Pipeline of gold targets from advanced to grass roots identified across project through advances in understanding of key controls on mineralisation Strong cash position to focus on identification and exploration at additional highvalue gold and base metal projects

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Alchemy’s growth strategy is to:

Create value through joint venturefunded exploration for gold and base metals within the Bryah Basin Project Unlock the gold and base metal potential and grow resources of the Bryah Basin Project region through systematic exploration and targeted drilling campaigns Expand the Company’s position through strategic acquisition and exploration of quality advanced project opportunities

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Unique, significant landholding position of 500km[2] in gold and base metal-rich province Major gold (Plutonic, Peak Hill & Fortnum) & base metals (DeGrussa, Monty, Horseshoe Lights) Joint ventures to fund ongoing exploration in historically under-explored province for gold and base metals

Independence Group farm-in and joint venture – base metal prospective areas Northern Star Resources farm-in and joint venture – gold prospective areas

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Leading Australian base metal & gold company Independence Group commits to Joint Venture into base metals prospective tenements covering ~300km[2]

Following Initial Expenditure of ~$1M, r apidly advancing base metals exploration through Additional Expenditure of $6M required to earn 70-80% interest

Alchemy free-carried up to completion of PFS and carried on deferred basis for further $5M of DFS

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Discovery of world class deposits through application of extensive base metals experience and state-of-the-art geophysical tools

Multiple geochemical and geophysical targets identified

Aircore drilling i n 2014 & 2015 – delineated 2.5km length zones of anomalism – Neptune prospect – and additional targets along prospective Narracoota – Karalundi sequence

Initial RC-DD drilling completed in September 2015 at Neptune prospect

Ground EM completed over western targets

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Initial RC-DD drilling targeted 2km zone of geochemical anomalism and EM conductors at Neptune

Multiple zones of pyrite-dominated sulfide mineralisation, including chalcopyrite, at several stratigraphic horizons RC drilling returned multiple mineralised horizons with strong copper and/or gold anomalism within prospective sequence over Broad zones of gold anomalism 1km strike proximal to contact

Diamond drill core results through these zones pending

Size & amplitude of anomalism indicative – of the marginal zone of a VMS system current drilling insufficient to provide a definitive test of prospect

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Leading Australian gold company Northern Star Resources enters Joint Venture into gold prospective tenements covering ~200km[2] Advancing gold exploration through expenditure of $1.2M required to earn 70-80% interest Alchemy carried on deferred basis to production, with repayment from 50% of free cash flow following commencement of production

Northern Star JV allows gold exploration to be accelerated

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High quality exploration portfolio with excellent resource growth potential Currently 87,000oz gold at Wilgeena deposits – potential for growth at depth/strike extent High-grade gold intercepts at Seaborg and Central Bore*

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– Regolith geochemical sampling defining ‘undercover’ drill targets Flamel, Troy, Henry North, Seaborg-Central Bore

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Goal of increasing resources - within trucking distance of processing plants

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Seaborg – Central Bore corridor
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*** Wilgeena** Indicated Resources of 1.36Mt @ 1.99 g/t gold (87,373 oz gold) (see ASX announcement dated 22 October 2012)

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Dominant footprint in Bryah Basin

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• Emerging mineral province – prospective for gold and base metals

• Complex geology, sparse outcrop – good understanding needed

• Systematic exploration to develop robust drill targets

Independence JV targeting base metals

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• Excellent knowledge of base metal systems in Australia

• Systematic approach to target world class deposits

• Decrease base metals exploration risk

Northern Star JV unlocking value of gold resources

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• Targeting additional mineral resources

• Cost effective regolith sampling of concealed corridors

• Follow-up RC & AC drilling at advanced prospects

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Listed on ASX in November 2007	Code: ALY
Shares on issue	228.79m
Options – unlisted	3.0m
Market Capitalisation (undiluted)	$4.2m
Cash (30 September 2015)	$1.68m
Top 3 Shareholders	Northern Star Resources 33.33m (14.6%) BlueCrest Capital 26.94m (11.8%) Jindalee Resources 17.47m (7.6%)
Directors	Oscar Aamodt (Non-executive Chairman, Independent) Sofia Bianchi (Non-executive) Liza Carpene (Non-executive) Lindsay Dudfield (Non-executive) Anthony Ho (Non-executive, Independent)
Management	Kevin Cassidy (Chief Executive Officer) Bernard Crawford (CFO/Company Secretary)

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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.

This presentation 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 developments.

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 representations 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.

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information compiled by Dr Kevin Cassidy, who is an employee and security holder of Alchemy Resources Limited. Dr Cassidy is a Fellow of the Australian Institute of Geoscientists has sufficient experience of relevance to the styles of mineralisation and the types of deposit 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 Resource and Ore Reserves’ (‘JORC Code 2012’). Dr Cassidy 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 Wilgeena Gold Deposit is based on information compiled by Simon Coxhell, who is an employee of CoxsRocks Pty Ltd, a consultant to Alchemy Resources Limited. Mr Coxhell is a Member of the Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee ‘Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves’ (‘JORC Code 2004’). Mr Coxhell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Alchemy confirms that the Indicated Mineral Resource at the Wilgeena Gold Deposit was prepared and first disclosed under JORC Code 2004. These have not been updated since to comply with JORC Code 2012 on the basis that the information has not materially changed since it was last reported on 22 October 2012. Alchemy is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed.

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ABN 17 124 444 122