Ann: Phase 1 Resource Drilling Completed at West Lynn, page-2

Alchemy completes Phase 1 resource drilling and confirms previous drill assays from the West Lynn Project, NSW HIGHLIGHTS

• Phase 1 resource drilling completed at the West Lynn Project; assay results expected late August.

• Phase 2 resource drilling to due to commence in August.

• Analysis of laboratory pulps from historical West Lynn drilling identifies broad, high grade aluminium (Al) intercepts including: o 23m @ 14.3% Al2O3 o 17m @ 15.1% Al2O3 and confirms previous high grade nickel-cobalt intercepts including: o 14m @ 1.36% Ni, 0.08% Co



MI