Alchemy At A Glance...

Alchemy is actively exploring three key areas; the Magnus Copper Project, the Gascoyne Gold Project, and the Murchison Projects (comprising six separate areas in the Murchison District).

The Magnus Copper Project comprises approximately 25 kilometres of prospective stratigraphy in the Bryah Basin region, host of Sandfire Resources’ DeGrussa copper-gold discovery. It is part way through evaluation and drill testing of conductors identified by an airborne VTEM survey and gold/copper-in-soil anomalies associated with prospective areas identified by geological field mapping. Alchemy continues to devote significant expenditure to exploration programs at Magnus and will continue its evaluation.

The Gascoyne Gold Project includes the Hermes and Wilgeena gold deposits and the Central Bore gold prospect. Hermes has an Indicated Resource of 2.79Mt @ 2.19 g/t Au (equivalent to 196,650 ounces of gold) and was acquired from Troy Resources NL in June 2008. At Wilgeena, located 15 kilometres south of Hermes, RC and diamond drilling programs confirmed and extended existing zones of gold mineralisation, previously explored by Plutonic Operations Ltd in 1997. In July 2010, Alchemy estimated a maiden Indicated Resource of 659,480t @ 2.34g/t Au (equivalent to 49,536 ounces of gold) comprising three discrete mineralised zones. Alchemy is committed to identifying a commercialisation strategy for these gold resources.