Karonie Project (WA)
Gold
(held 100% by Alchemy)

The Karonie Project surrounds Silver Lake Resources Ltd’s (ASX:SLR) Aldiss Mine (0.6Moz @ 2.0g/t Au) and is along strike to the south of Breaker Resources NL’s (ASX:BRB) Bombora deposit (1.37Moz @ 1.5g/t Au).

Lake Rebecca Project (WA)
Gold
(held 100% by Alchemy)

The Lake Rebecca Project is located ~10km to the southeast of the Northern Star Resources (ASX: NST) (ASX: NST) 4.6Moz Carosue Dam gold deposit, and immediately west of the Apollo Consolidated (ASX: AOP) 1.1Moz Rebecca, Duchess and Duke deposits.

Lachlan Projects (NSW)
Gold / Base Metals
(80% interest)

Alchemy has earned an 80% interest in the Lachlan projects in NSW. The projects are located in well-endowed gold, base metal and nickel-cobalt districts along the Gilmore Suture with significant upside for high grade and bulk tonnage mineralisation. Alchemy intends to define sufficient resources to support profitable near-term mine development.

Bryah Basin Project (WA)
Gold / Base Metals
(20% interest)

Alchemy retains a free carried 20% interest in two Bryah Basin Joint Ventures. The joint venture with Sandfire Resources NL (ASX:SFR) covers Cu-Au exploration along strike from the De Grussa mine. The second joint venture with Superior Gold Inc. (TSX-V:SGI) covers a production and exploration JV focussed on the Hermes and Hermes South assets located nearby to the Plutonic Gold Operations.

West Lynn Project (NSW)
Base Metals
(80% interest)

The West Lynn Project in NSW contains an inferred resources of 21.3Mt @ 0.84% Ni, 0.05% Co, 2.4% Al, 20.0% Fe, 12.9% MgO) and 6.6Mt @ 20.8% Al2O3, 2.8% Fe2O3, 1.15% TiO2) at the Summervale Prospect. Positive metallurgical results for the Ni-Co mineralisation and for the alumina ore has prompted Alchemy to consider a scoping study on the Project as soon as DNi process capital expenditure estimates can be confirmed.