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Discovering wealth in
the heart of the rich
Bryah Basin, WA
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Investor Presentation November 2012

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 Fellow of the Australian Institute of Geoscientists, and is an employee of Alchemy Resources Limited. Dr Cassidy has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. 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 Hermes Gold Deposit and Wilgeena Gold Deposit is based on information compiled by Mr Simon Coxhell of CoxsRocks Pty Ltd, who is a Member of the Australian Institute of Geoscientists and a Member of the Australasian Institute of Mining and Metallurgy and is a consultant to Alchemy Resources Limited. Mr Coxhell has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. 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 .

ABN 17 124 444 122

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Landholding uniquely positioned in the heart of WA’s rich Bryah Basin

Bryah Basin hosts Sandfire’s high-grade DeGrussa copper-gold mine – the key DeGrussa geological structures continue into Alchemy’s ground – Multiple copper – gold targets identified drilling commenced Indicated Resource of over 300,000oz gold at an average grade of 2.0g/t, close to existing processing plants

Excellent potential to discover additional ounces across highly prospective region and to commercialise the project

Cash ~$3.5M at 30 September 2012; Alchemy is well funded

Experienced Board and management team with track record to build significant resource companies through exploration success

Listed on ASX in November 2007	Code: ALY
Shares on issue	156.85m
Options – unlisted	2.21m
Market Capitalisation (undiluted)	$14.4m
Cash (30 September 2012)	$3.5m
Top 3 Shareholders	BlueCrest Capital 26.92m (17.2%)
	Jindalee Resources 17.47m (11.1%)
	Grandor (Mark Scott) 7.39m (4.7%)
Directors	Oscar Aamodt (Non-executive Chairman, Independent)
	Sofia Bianchi (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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Nov 2011 Dec 2011 Jan 2012 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012 Sep 2012 Oct 2012
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Primary focus is advancing the flagship Bryah Basin Project

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Alchemy’s growth strategy is to:

Create value through focused, innovative exploration for copper-gold Continue to expand Company’s position through strategic acquisition of additional projects

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Grow mineral resources through targeted extensional drilling at Hermes and Wilgeena

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Bryah Basin Project – copper-gold and gold potential

Historically under-explored province – discovery of DeGrussa copper-gold mine in 2009

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Unique, underexplored landholding position of 630km[2] in exciting copper-gold province Dominant position between high-grade DeGrussa and Horseshoe Lights copper-gold mines Region hosts major gold mines – Plutonic, Peak Hill & Fortnum

Bryah Basin Project - Copper

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– Favourable geology stratigraphy and structure

45km strike length of prospective Narracoota volcanics

Underexplored for copper for past 40 years Targeting both copper-gold and gold discoveries Native Title extinguished over >95% of area

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Discovered April 2009 (Sandfire testing production in mid 2012 DeGrussa is high-grade (>6% Cu equiv; in situ value ~A$7B) and low cost (C1 costs ~ US$1/lb)

shallow gold target); commenced

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Primary mineralisation in near-vertical lenses that commence at >100m below surface and extend to >500m depth

Strike extent of DeGrussa resources is 1.4km

DeGrussa is VMS deposit located near base of Narracoota volcanic sequence

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Alchemy now controls ~45km of strike extent of Narracoota volcanic sequence

VMS deposits typically occur in clusters in favourable parts of stratigraphy

Prospective stratigraphy mostly soil covered, never explored for copper Alchemy’s main focus for 2012 (and beyond) is discovery of more DeGrussa’s

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Over 70 copper – gold targets identified from geophysics & geochemistry within prospective Narracoota sequence Mapping confirms prospective VMS horizons across project

Coherent multi-element (copper, zinc, gold, silver, bismuth, antimony) soil & rock-chip anomalies associated with horizons

Re-sampling of historic drilling returns multi-element anomalism

Metal association similar to DeGrussa and Horseshoe Lights and consistent with VMS mineralising systems

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6,000m drilling program testing multi-element anomalies underway – assays awaited Drilling is targeting areas with anomalous drill spoil, rock chip and soil samples and coincident VTEM anomalies

Historic drilling shallow (<100m) and many holes assayed for gold only

Improving geological & geochemical knowledge of prospective Narracoota sequence Ground EM surveys over selected VTEM anomalies to refine conductors prior to drill testing WA Govt (EIS) grant awarded to drill test priority geophysics anomalies

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Bryah Basin Project – Gold

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Goal of increasing resources while continually evaluating commercialisation opportunities Currently over 300,000oz gold at Hermes and Wilgeena deposits Potential for growth through depth and strike extent of existing resources Exciting prospect at Central Bore with high-grade gold potential High quality exploration portfolio with excellent resource growth potential

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Acquired from Troy Resources in 2008 with 131,000oz gold Indicated resource 230% increase in resources Indicated resources now total over 300,000oz at Hermes and Wilgeena Enhanced value of project Improved geological understanding and confidence in grade continuity Potential for growth through depth and strike extent of existing resources Additional drilling* scheduled for 2013

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Hermes – Indicated Resources of 3.34Mt @ 1.98 g/t gold (212,687 oz gold)
Wilgeena – Indicated Resources of 1.36Mt @ 1.99 g/t gold (87,373 oz gold)

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Hermes Gold Deposit Open at depth, <3% of holes >125m vd Recent drilling confirms grade and width Significant recent intercepts: 18m @ 9.79 g/t gold from 107m 10m @ 3.05 g/t gold from 154m

Wilgeena Gold Deposit Continuity of mineralisation confirmed Open at depth Significant recent intercepts: 12m @ 5.99 g/t gold from 81m 21m @ 2.27 g/t gold from 80m

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Metallurgical test-work on oxide core material indicates amenable to treatment in conventional crush, grind and CIL plant

Good recoveries across all size fractions

High proportion of gold contained in coarse fraction

Large percentage (40-60%) of free gold recoverable by gravity concentration Within trucking distance of processing plants

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Central Bore Gold Prospect Continuity of mineralisation confirmed Remains open along strike and at depth Potential for additional stacked zones Significant recent intercepts 4m @ 25.79 g/t gold from 125m 14m @ 3.26 g/t gold from 44m Further drilling scheduled in 2013

Regional assessment Focussed on unlocking copper – gold potential across expanded Bryah Basin landholding

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September 2012 Q

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Acquisition & interpretation of ground geophysics
surveys
Complete geochemistry programs and plan drilling
Re-estimate gold resources at Hermes and Wilgeena deposits

December 2012 Q

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Drill testing geochemical targets - underway
Ground geophysics surveys - underway
1[st] Half 2013

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Follow up new copper and gold discoveries

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Focus on discovering DeGrussa-style Cu-Au

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Dominant footprint in Bryah Basin

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Emerging mineral province, highly prospective for copper and gold
Exploration spend by others in the region poorly directed
Deep weathering, sparse outcrop, geology poorly understood, good science needed!

A rich prize awaits…..

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VMS style deposits occur in clusters in favourable stratigraphy
High grade mineralisation targeted (DeGrussa: 5.6% Cu, 1.8g/t Au)

Unlock the value of gold resources

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Targeting additional mineral resources to gain critical mass
Increased landholding has increased opportunities
Investigating near-term commercialisation

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Discovering wealth in
the heart of the rich
Bryah Basin, WA
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Investor Presentation November 2012

AI assistant

ALCHEMY RESOURCES LIMITED Investor Presentation 2012

64369_rns_2012-10-30_a97a0283-d40d-42e8-b0aa-0d7bc657bf47.pdf

Investor Presentation November 2012

Disclaimer

Competent Person’s Statement

Primary focus is advancing the flagship Bryah Basin Project

Bryah Basin Project - Copper

Bryah Basin Project – Gold

September 2012 Q

December 2012 Q

Focus on discovering DeGrussa-style Cu-Au

Dominant footprint in Bryah Basin

A rich prize awaits…..

Unlock the value of gold resources

Investor Presentation November 2012

AI assistant

ALCHEMY RESOURCES LIMITED — Investor Presentation 2012

64369_rns_2012-10-30_a97a0283-d40d-42e8-b0aa-0d7bc657bf47.pdf

Investor Presentation November 2012

Disclaimer

Competent Person’s Statement

Primary focus is advancing the flagship Bryah Basin Project

Bryah Basin Project - Copper

Bryah Basin Project – Gold

September 2012 Q

December 2012 Q

Focus on discovering DeGrussa-style Cu-Au

Dominant footprint in Bryah Basin

A rich prize awaits…..

Unlock the value of gold resources

Investor Presentation November 2012

More from ALCHEMY RESOURCES LIMITED

ALCHEMY RESOURCES LIMITED Investor Presentation 2012