Growth Strategy

Alchemy’s vision is to build a portfolio of quality mineral resources through innovative exploration and strategic acquisition, with the aim of realising value to shareholders through the mining or sale of mineral discoveries.

The Company’s immediate focus is:

• Systematic drill testing of quality gold targets within the Karonie Greenstone Belt (WA)
• Drill testing of gold and base metal targets within the Overflow and Yellow Mountain projects (NSW)
• Closely monitor the highly prospective Bryah Basin Joint Ventures with Sandfire Resources NL and Superior Gold Inc. (WA).

Alchemy’s strategy for the next twelve months is to create value for shareholders by:

• Progressing the Karonie Gold Project to a JORC 2012 complaint resource status
• Drill testing and outlining of a JORC 2012 complaint resource at the Overflow Gold-Base Metal Prospect (NSW)
• Drill testing the Yellow Mountain Mine IP chargeability high and the 12km long Melrose hydrothermal alteration zone, Yellow Mountain Project (NSW)
• Advancing metallurgical work at the West Lynn Nickel-Cobalt and Summervale Alumina resources (NSW)
• Continuously evaluating new projects throughout Australia.