ALCHEMY RESOURCES LIMITED — AGM Information 2016

Nov 23, 2016

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Building a gold and
base metals business
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Annual General Meeting 24 November 2016

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Diverse project portfolio with significant exploration potential and pipeline of gold & base metal targets

in : Newly acquired high-value gold & gold-base metal projects key metallogenic provinces Lachlan (NSW) – high-grade gold-base metal projects at Overflow, Eurow, Yellow Mountain & Girilambone Eastern Goldfields (WA) – high-grade Karonie gold project

Significant upside potential with drill-ready gold & base metal targets at multiple projects Bryah Basin (WA) project in emerging metallogenic province – JV-funded gold & base metal exploration

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Capital Structure	Capital Structure
Listed on ASX	November 2007
Shares on Issue	230.79m
Options - unlisted	10.5m
Share Price (21 Nov 2016)	2.1c
Market Cap	$4.8m
Cash (30 Sep 2016)	$1.1m

Shareholders	Shareholders
Northern Star Resources	33.33m (14.5%)
Jindalee Resources	17.47m (7.6%)
Lindsay Dudfield	12.46m (5.4%)
Top 20	49.9%
Top 40	58.8%
No of Shareholders	1,267

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0.04 20
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1/11/15 1/1/16 1/3/16 1/5/16 1/7/16 1/9/16 1/11/16
Board & Management
Oscar Aamodt Chairman
Liza Carpene Non Executive Director
Lindsay Dudfield Non Executive Director
Anthony Ho Non Executive Director
Kevin Cassidy CEO
Bernard Crawford Company Secretary/CFO
Share Price $
Volume (Millions)
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Expand the Company’s position through strategic acquisition and exploration of quality project opportunities

Projects in key mineral provinces and each with potential for discovery of a major mine Unlock the gold & base metal potential of Projects through systematic exploration and targeted drilling campaigns

Continue to create value through JV-funded exploration for gold & base metals within the Bryah Basin Project

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Tritton trend –
Cobar trend – 1Mt copper
2.2Mt copper – 7Moz gold resources/ production
resources/production
Overflow
Historic gold workings
Previous high grade intersections
Further drilling planned
Yellow Mountain
Historic copper workings
Previous high grade intersections
Prospective for copper-gold
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• Farm-in/JV agreement with Heron Resources (HRR) to earn 80% interest[1] – $2M over 5yrs to earn up to 80% interest

• Opportunity available following HRR merger with TriAusMin (TRO) and HRR’s commitment to develop Woodlawn

• Minimum expenditure of $300k within 12 months including diamond drilling at Overflow

• Multiple projects – Overflow, Eurow, Yellow Mountain, Girilambone (674km[2] ) – close to operating mines

• Multiple prospects – high-grade epithermal / Cobar-style gold / base-metal mineralisation; Besshi-type copper mineralisation

• Drill-ready targets at Overflow

1 ALY ASX Announcement 30 May 2016

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• Overflow Mine – historic high-grade Au-Ag producer; small non-JORC resource

• Structurally-controlled, high-grade Au-Ag with ZnPb-Cu credits

• Historic high-grade intercepts[1] include:

• 4.6m at 8.5g/t Au, 79g/t Ag, 13.5% Zn, 7.1% Pb (from 185m) in BOBRCP6

• 10m at 4.4g/t Au, 3.0% Zn, 1.3% Pb (from 163m) in TBB001

• 7m at 1.67g/t Au (from 198m) & 7m at 6.67g/t Au (from 236m) in TBB008

• 6m at 4.69g/t Au (from 121m) & 6m at 7.55g/t Au (from 136m) in TBB017

• Grade x thickness contours of Au Eq drilling intersections supportive of high-dollar per tonne ore

• Model Earth™ modelling shows high-grade zones remain open down plunge or down dip

• Priority RC-diamond drilling program Dec 2016

1 TRO ASX Announcement 5 May 2014

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• Overflow Project area targets – identified targets outside of historic mine area, include:

Historic drilling – majority <50m with limited deep drilling

• BO2 Area – strong IP anomaly and EOH Au-Cu anomalism not followed up; drill-ready Au-Cu target

• Parkvale – EM–IP and surface anomalies partially tested; 0.7m at 6.8% Cu & 1.2% Pb not followed up

• Black Range Tank South & Airport – outcropping gossans and surface Pb-Zn anomalism; Cu & Pb RAB anomalies and untested moving-loop and off-hole EM conductors

• Prettyview South – coherent surface Au-Zn anomalism over 600 x 400m area untested

• Drill-ready gold & base metal targets at BO2 Area & Parkvale

• Minimal modern exploration on tenements to north and south

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• Premier goldfields address – within 50km of processing plants

• 285km[2] landholding along 40km strike of prospective Archean belt

• 100% interest in exploration licence applications – executed Heritage Agreements in place, awaiting grant

• Adjacent Silver Lake Resources’ (SLR) Harrys Hill and French Kiss resource areas (Harry’s Hill Reserve 1.05Mt at 2.2g/t for 75koz Au[1] )

• Along strike from Breaker Resources’ (BRB) Lake Roe Project with RC drilling bedrock intercepts to >20g/t gold over >2.2km strike[2]

• High-quality geological setting – camp-scale gold targeting vectors (structure, hydrothermal alteration, pathfinder geochemistry)

• Historic first-pass RC drilling returned high-grade gold bedrock intercepts to >30g/t[3] at multiple prospects:

• Significant upside potential and multiple, high priority targets identified

1 Silver Lake Resources Ltd (SLR) ASX Announcement 26 August 2016 2 Breaker Resources Ltd (BRB) ASX Announcement dated 20 October 2016 3 Integra Mining Ltd (IGR) ASX Announcements 28 January 2005, 27 April 2006, 18 September 2012, 17 December 2012

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• High-grade intercepts to >25g/t Au within four gold anomalous trends – Little Peck-Esplanade , Admiral , Batavia & Challenger – outlined by shallow RAB/AC drilling[1 ]

• Historic first-pass RC drilling returned high-grade gold bedrock intercepts[2] at multiple prospects:

• Little Peck– 5m at 2.86g/t Au (from 101m) in LPRC005 Esplanade 1m at 21.35g/t Au (from 133m) in LPRC018

• • Batavia 2m at 13.45g/t Au (from 182m) in ISRC1001 3m at 14.57g/t Au (from 121m) in ISRC1003 1m at 24.81g/t Au (from 70m) in ISRC1013

• Challenger 10m at 1.46g/t Au (from 118m) in ISRC1035

• Significant upside potential

• Multiple, high priority targets identified

• Systematic exploration of priority targets to commence upon grant

1 Relode Mining Ltd (RLD)/IGR ASX Announcements 5 August 2004, 18 January 2011, 21 February 2012 2 Integra Mining Ltd (IGR) ASX Announcements 28 January 2005, 27 April 2006, 18 September 2012, 17 December 2012

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Little Peck prospect
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LPAC065 Little Peck prospect
20m at 0.28g/t (44m to EOH)
LPAC083
9m at 3.01g/t (61m)
LPRC19
LPRC20
LPRC18 13m at 0.60g/t (41m)
8m at 1.30g/t (64m) 3m at 2.88g/t (116m) 6m at 1.46g/t (44m )
2m at 10.95g/t (133m)
LPRC05
5m at 2.86g/t (101m) LPRC08
3m at 1.40g/t (143m)
12m at 1.08g/t (79m)
LPRC02
11m at 0.68g/t (36m) ROE1317 LPAC035
13m at 0.54g/t (40m to EOH) 8m at 3.37g/t (38m)
ROE1267
ROE1264 11m at 0.35g/t (58m to EOH)
8m at 0.21g/t (64m)
10m at 0.12g/t (78m to EOH)
0 300m Proposed drill hole
600m
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• Little Peck / Esplanade extends over 4km strike and remains open to north & south – last drill tested in 2006

• Broad gold dispersion / anomalism in regolith over high-grade intervals in bedrock

• :

• Shallow (RAB/AC) drilling returned high-grade gold intercepts[1] 8m at 3.37g/t Au (from 38m) in LPAC035 9m at 3.01g/t Au (from 61m) in LPAC083 13m at 0.54g/t Au (from 40m to EOH) in ROE1317

• :

• Initial RC drilling returned high-grade gold intercepts[2] 8m at 1.30g/t Au (from 64m) and 2m at 10.94g/t Au (from133m) (incl. 1m at 21.6g/t) in LPRC18

• 5m at 2.86g/t Au (from 101m) in LPRC5 6m at 1.46g/t Au (from 44m) in LPRC20

• One of multiple prospects that require follow-up drilling

• 1 Relode Mining Ltd (RLD) ASX Announcements 5 August 2004 2 Integra Mining Ltd (IGR) ASX Announcements 28 January 2005, 27 April 2006

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Batavia prospect
ISRC1001 SISC1248
1m at 8.14g/t (48m) 5m at 0.85g/t (20m)
2m at 13.45g/t (182m)
ISRC1003
ISRC1006 3m at 14.57g/t (121m)
2m at 2.99g/t (110m
SISC1261
SISC776
8m at 2.11g/t (12m )
10m at 0.54g/t (28m to EOH)
ISRC1060
4m at 2.51g/t (138m)
ISRC1063
3m at 1.25g/t (63m)
1m at 9.08g/t (134m)
SISC1271
14m at 0.42g/t (24m to EOH)
SISC789
10m at 0.59g/t (24m to EOH) ISRC1013
1m at 24.81g/t (70m)
ISRC1056
0 200m 5m at 1.04g/t (11m)
Proposed drill hole
400m
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• Batavia extends over 1km strike and remains open to north & south – last drill tested in 2012

• Broad gold dispersion / anomalism in regolith over high-grade intervals in bedrock

• :

• Shallow (RAB/AC) drilling returned gold in regolith intercepts[1] 8m at 2.11g/t Au (from 12m) in SISC1261 10m at 0.59g/t Au (from 24m to EOH) in SISC789 10m at 0.54g/t Au (from 28m to EOH) in SISC776

• :

• Initial RC drilling returned high-grade gold intercepts in bedrock[2] 1m at 8.14g/t Au (from 48m) and 2m at 13.45g/t Au (from182m) in ISRC1001 3m at 14.57g/t Au (from 121m) in ISRC1003 1m at 24.81g/t Au (from 70m) in ISRC1013 1m at 9.08g/t Au (from 134m) in ISRC1063

• Narrow vein-style high-grade bedrock gold prospect that requires follow-up drilling

• 1 Integra Mining Ltd (IGR) ASX Announcements 18 January 2011, 21 February 2012 2 Integra Mining Ltd (IGR) ASX Announcements 18 September 2012, 17 December 2012

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Significant landholding position in emerging gold and base metal-rich Bryah Basin province Independence Group ( IGO ) commits[1] to belt-scale base metal opportunity through farm-in and joint venture

Expenditure of $6M to earn 70-80% interest and Alchemy free-carried up to completion of PFS and carried on deferred basis for further $5M of DFS[2 ]

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Multiple geochemical and geophysical targets in prospective Narracoota-Karalundi sequence identified & systematically being explored Neptune prospect – Initial RC-DD drilling returned multiple mineralised horizons with strong copper and/or gold anomalism – five target areas require follow-up drilling, including untested off-hole conductor[3 ] AC drilling of regional targets in Q3 2016[4] – results pending

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1 IGO ASX announcement 21 January 2016 2 ALY ASX Announcement 30 January 2014 3 ALY ASX Announcement 27 January 2016 4 ALY ASX Announcement 11 August 2016

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Billabong Gold PL ( Billabong ) acquires NST’s Plutonic operations[1] , including on-going farmin/JV into historically under-explored goldprospective part of Bryah Basin project

Advancing gold exploration through expenditure of $1.2M required to earn 70-80% interest, with Alchemy carried on deferred basis to production[2 ]

Currently Indicated Resource of 1.36Mt at 1.99g/t for 87,000oz Au[3] at Wilgeena – potential for growth at depth/strike extent

High-grade gold intercepts at Seaborg and Central Bore[4 ]

– Regolith geochemical sampling defining ‘undercover’ drill targets Flamel, Troy, Henry North, Seaborg-Central Bore[5 ]

Goal of increasing resources – within trucking distance of processing plants

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Seaborg – Central Bore corridor
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• 1 NST ASX Announcement 15 August 2016

• 2 ALY ASX Announcement 24 February 2015 3 ALY ASX Announcement 22 October 2012

• 4 ALY ASX Announcements 29 April 2013, 17 April 2014 5 ALY ASX Announcements 20 November 2014, 29 January 2016

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Diverse project portfolio with significant growth potential

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• Underexplored tenure within proven & emerging mineral provinces

• Prospective for high-grade gold and base metals

Lachlan gold and base metal projects, NSW

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• Overflow – drill-ready, high-grade gold – base metal targets & multiple regional targets

• Eurow & Yellow Mountain – copper-gold targets below/along strike from historic workings

• Girilambone – targeting high-grade copper along VMS trends

Karonie gold project, Eastern Goldfields, WA

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• High-grade gold targets at multiple prospects within multiple >4km gold anomalous trends

• Targeted RC drilling of identified priority targets

Continuing prominent position in emerging copper-gold Bryah Basin, WA

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• IGO commits to belt-scale base metal opportunity – targeting high-grade copper-gold

• Billabong unlocking value of gold resources – targeting additional mineral resources

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Staged, near-term exploration of high-grade gold & base metal targets at newly acquired projects Initial testing of drill-ready targets at Overflow commencing in Dec 2016, continuing into H1 at Karonie JV-funded gold & base metal exploration at Bryah Basin

Project	Q4 2016	H1 2017
Lachlan	•Targeted RC-diamond drilling at Overflow Mine •Compilation & targeting at Eurow, Yellow Mountain, Girilambone	•Drilling of priority targets at Overflow, Eurow •Targeted geophysics and geochemistry at Yellow Mountain, Girilambone
Karonie	•Completion of compilation & targeting across project area •Heritage Agreement executed •Awaiting grant of tenements	•RC drilling of priority targets at Batavia, Little Peck-Esplanade •Shallow drilling of identified regional targets - Taupo
Bryah Basin (JV-funded)	•Base metal exploration (funded by IGO) – drilling of regional targets, geophysics (EM)	•Gold exploration (funded by Billabong) – auger geochemical drilling of regional targets

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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 a part-time 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