ALCHEMY RESOURCES LIMITED — AGM Information 2024

Nov 24, 2024

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Annual General Meeting Presentation 25 November 2024 | ASX: ALY James Wilson Chief Executive Officer

www.alchemyresources.com.au

Disclaimer

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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 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 th 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 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 Overflow and Karonie Projects 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 Maddocks has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code 2012. 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.

The information in this report that relates to Mineral Resources at the West Lynn Project and Summervale Prospect is based on information compiled by Stephen Godfrey, who is an employee of Resource Evaluation Services Pty Ltd, a consultant to Alchemy Resources Limited. 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 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 appears.

The Company confirms that it is not aware of any further new information or data that materially affects the information included in the original market announcements by Alchemy Resources Ltd (ALY) referenced in this report and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. To the extent disclosed above, the Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Corporate Overview

ASX: ALY

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Capital Structure (22/11/2024 unless stated)

Shares on Issue: 1,178m

Share Price: 0.07c

Market Cap: $8.2m Cash: $2.6m @ 31 October 2024 Enterprise value: $5.6m

Major Shareholders Northern Star Resources: 6.63% Moryton Pty Ltd: 4.69%

Lowell Resources: 3.89% Top 20 Shareholders: ~42%

Experienced Board and Management:

Lindsay Dudfield

Chair, Geologist, +40 years’ experience

Director Jindalee Lithium, Energy Metals, Dynamic Metals

James Wilson

CEO, Geologist, +20 years' experience Gold, iron ore and critical metals projects in Australia, Asia and Africa

Liza Carpene

Non-Executive Director

Non-executive director RLF Agtech, former company secretary Northern Star, former non-executive director Mincor Resources

Anthony Ho

Non-Executive Director,

Chartered Accountant

Non-executive director Australian Agricultural Projects and Mustera Property Group

Carly Terzanidis

Company Secretary, specialist corporate advisor

20 years’ financial services experience, company secretary to ASX listed companies

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Who is Alchemy? ASX: ALY

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Large “Battery Belt” Lithium Land Position

Kalgoorlie, WA Highly Prospective Adjacent to existing Lithium deposit

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Growing Gold Inventory

450koz of combined gold resources and growing[1,2]

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Joint Ventures

Base metals assets with $18m expenditure to date Gold JV with Catalyst Metals Iron Ore JV with Carey Mining Lithium earn in and JV with JOGMEC

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1 Refer to Alchemy Resources Limited ASX announcement dated 31 August 2021 2 Refer to Alchemy Resources Limited ASX announcement dated 20 October 2023

Alchemy Projects

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ASX: ALY

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KARONIE, Kalgoorlie, Western Australia

• Dominant 100% owned position in the battery belt

• 111,000oz Au resource[1]

BRYAH, Western Australia

• Valley Bore Iron Ore

• Catalyst Metals Gold Joint Venture (ASX: CYL)

LACHLAN, New South Wales (ALY 80% / DVP 20%)

• Yellow Mountain – High grade Copper-Gold

• Overflow – 342,000oz AuEq resources near to existing mines[2]

• West Lynn – Nickel Cobalt Resource + High Purity Alumina (HPA)

1 Refer to Alchemy Resources Limited ASX announcement dated 2 Refer to Alchemy Resources Limited ASX announcement dated

31 August 2021 20 October 2023

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Western Australia: Lithium and Gold ASX: ALY

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A STRATEGIC POSITION IN A WELL-ENDOWED PRECIOUS AND BATTERY METALS BELT

KARONIE – 100% ALY:

• Emerging lithium belt, outcropping lithium–caesium–tantalum (LCT)

pegmatites

• ALY ground surrounds the Manna Lithium Deposit (ASX: GL1)

• Farm in and Joint Venture agreement executed with Japan

• Organization for Metals and Energy Security (JOGMEC) over Roe Hills tenements to earn 51% interest by spending $6m over 5 years[3]

LAKE REBECCA – 100% ALY:

• Adjacent to Ramelius Resources (ASX: RMS) Rebecca Gold Project

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

• Never explored for lithium despite favourable geology

• Tightly held belt largely held by mining companies

Page 34

3 Refer to Alchemy Resources Limited ASX announcement dated 30 September 2024

Karonie: Lithium ASX: ALY

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Highly prospective tenure

• Large areas of lithium in soil anomalism

• Alchemy surrounds Global Lithium Resources’ Manna deposit (ASX: GL1)

• Spodumene and Lepidolite identified at numerous locations on ALY ground[4]

• Soil sampling has identified multiple anomalous zones for follow-up

• 111,000oz gold resource located at Taupo and KZ5 deposits next to Vault Minerals’ (ASX: VAU) gold mine at Aldiss

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4 Refer to Alchemy Resources Limited ASX announcement dated 27 October 2023

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Bryah Basin: Gold JV / Iron ore ASX: ALY

Bryah Basin – ALY 100%

• BASE METALS: Strategic landholding in a world

class copper corridor along strike of Sandfire

Resources’ (ASX: SFR) DeGrussa Deposit

• GOLD: Catalyst Metals JV – free carried 20%

interest to decision to mine. Existing Reserves at Hermes South and NSR on Hermes open pit

• IRON ORE: Valley Bore prospect has iron ore

enrichment over 2km strike length on a granted mining lease. Potential to fast-track

development

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Bryah Basin: Iron Ore

Valley Bore Iron Ore Project

• Valley Bore and Old Highway Prospects

• Located adjacent to road infrastructure

• 2km of outcropping mapped hematite x 20-80m wide

• Exceptional assays up to 64.9% Fe[5]

• Granted mining lease

• RC drilling planned in 2025

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ASX: ALY

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5 Refer to Alchemy Resources Limited ASX announcement dated 31 May 2024

New South Wales Projects: Lachlan Fold Belt (ALY 80%: DVP 20%)

ASX: ALY

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HIGH QUALITY BASE AND PRECIOUS METALS PROSPECTS:

• Highly prospective corridor with multiple new discoveries

• YELLOW MOUNTAIN: Cu/Au

• High grade copper at surface at Yellow Mountain Mine

• High grade gold at Melrose

• OVERFLOW:

• 342,000oz AuEq gold resource[2 ] open along strike and at depth[2]

• WEST LYNN: Ni/Co

• 21.3Mt @ 0.84% Ni, 0.05% Co[6]

• 6.6Mt @ 20.8% Al2O3 (HPA)[7]

6 Refer to Alchemy Resources Limited ASX announcement dated 19 February 2019 7 Refer to Alchemy Resources Limited ASX announcement dated 19 June 2019

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NSW Projects: Yellow Mountain

ASX: ALY

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Extensive historic workings not drilled since 1986

• Grab samples of 28.4% Cu, 7.2% Pb in old mine mullock[8]

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• :

• Historic drilling intercepts[9]

• 24m @ 1.12% Cu, 1.19% Pb, 1.02% Zn from Surface

• 52m @ 0.54g/t Au, 0.31% Cu, 35g/t Ag, 1.15% Pb and 1.28% Zn

• RC drilling in Q1CY25 pending heritage approvals

8 Refer to Alchemy Resources Limited ASX Announcement 24 September 2024 9 Refer to Alchemy Resources Limited ASX Announcement 9 June 2019

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NSW Projects: Overflow ASX: ALY

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OVERFLOW

• 342,000oz Maiden Resource at 1.3g/t AuEq[2]

• High grade drill intercepts intercepts[10]

• 6m @ 7.6g/t Au, 3.6% Zn, 1.6% Pb

• 10m @ 4.4g/t Au, 3% Zn, 1.3% Pb

• :

• Surface mapping and sampling returned high grade intercepts[11]

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• Regional potential remains largely untested, planning for follow-up in 2025

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10 Refer to Alchemy Resources Limited ASX Announcement 14 December 2020 11 Refer to Alchemy Resources Limited ASX Announcement 24 September 2024

NSW Projects: West Lynn ASX: ALY

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WEST LYNN Nickel-Cobalt-HPA

• 21.3Mt @ 0.84% Ni, 0.05% Co Resource[12]

• 7Mt @ 21% Al20313

• Positive metallurgical test-work completed in 2019[14]

• Additional metallurgical testwork planned on Alumina to demonstrate High Purity Alumina potential in 2025

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12 Refer to Alchemy Resources Limited ASX Announcement 19 February 2019 13 Refer to Alchemy Resources Limited ASX Announcement 19 June 2019 14 Refer to Alchemy Resources Limited ASX Announcement 20 April 2019

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Indicative Exploration Timeline – strong pipeline of news flow* ASX: ALY

KARONIE(ALY 100%)	December 2024	December 2024	January 2025	January 2025	February 2025	March 2025
Lithium targets	JOGMEC JV Approva		ls		Geophysics/Soil Samplin	g
Gold targets	RC Drilling		Soil Sampling			Aircore drilling
BRYAH BASIN(ALY 20%)
Catalyst Metals Joint Venture
Iron Ore (Valley Bore)						RC Drilling
LACHLAN (NSW)
Yellow Mountain	Heritage Surveys/A		pprovals		RC drilling	Assays and Follow-up
Overflow Drilling			Structural Mapping			RC/Aircore Drilling

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* The indicative timetable is based on ALY’s current intentions and from company announcements regarding Joint Venture interests, is indicative only and is subject to change

Alchemy: Investment Thesis ASX: ALY

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Dominant Lithium land position which is largely untested. Portfolio leveraged to future facing and critical metals

Experienced team with proven M&A and operational track record All projects located in close proximity to lithium and gold processing infrastructure in Australia

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Funded for exploration in 2025 Drill testing of Copper and Iron ore targets to commence in 2025

Attractive enterprise value and leverage to exploration success

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Appendix 1: Mineral Resources

Table A: West Lynn Project Inferred Ni-Co Mineral Resource Estimate (compliant with the JORC Code 2012 guidelines)

Deposit	Tonnes(Mt)	Ni %	Co %	Al %	Fe %
West Lynn	14.7	0.85	0.05	2.4	20.2
Summervale	6.6	0.82	0.04	2.4	19.7
TOTAL	21.3	0.84	0.05	2.4	20

Notes:

• A lower cut-off of 0.6 g/t Au was used to report the resource

• All figures rounded to reflect the appropriate level of confidence (apparent differences may occur due to rounding)

• Refer to Alchemy Resources Limited ASX announcement dated 19 February 2019

Table B: Summervale Inferred Alumina Mineral Resource Estimate (compliant with the JORC Code 2012 guidelines)

Deposit	Tonnes(Mt)	Al2O3%	Fe2O3%	K2O%	Na2O%	TiO2%	SiO2%
Summervale	6.55	20.8	2.8	1.79	0.43	1.15	64.2

Notes:

• A lower cut-off of 18% Al2O3 was used to report the resource

• All figures rounded to reflect the appropriate level of confidence (apparent differences may occur due to rounding)

• The grades are not screened/beneficiated figures

• Refer to Alchemy Resources Limited ASX announcement dated 19 June 2019

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Appendix 1: Mineral Resources (cont)

Table C: Karonie Project Inferred Resource

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Notes:

• All figures rounded to reflect the appropriate level of confidence (apparent differences may occur due to rounding)

• Refer to Alchemy ASX announcement dated 31 August 2021

Table D: Overflow Project Inferred

Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm	Resource Cut off grade AuEq AuEq Au Eq Tonnes ppm Ounces Auppm Ag ppm Cuppm Pbppm Znppm
0.7	8,189,000	1.3	342,300	0.5	54.7	357	2,549	5,236

Notes:

• All figures rounded to reflect the appropriate level of confidence (apparent differences may occur due to rounding)

• Refer to Alchemy ASX announcement dated 20 October 2023

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ASX: ALY

ENQUIRIES:

CONTACT: JAMES WILSON, CEO

E: james@alchemyresources.com.au

P: 08 9481-4400

W: alchemyresources.com.au