Alchemy Resources : Karonie Exploration Update - Appendix A

Drilling

Drill type (e.g. core, reverse circulation, open-

Not Applicable - Geophysical Surveys only

techniques

hole hammer, rotary air blast, auger, Bangka,

sonic, etc.) and details (e.g. core diameter,

triple or standard tube, depth of diamond

Criteria

JORC Code explanation

Commentary

tails, face-sampling bit or other type, whether

core is oriented and if so, by what method,

etc.).

Drill sample

Method of recording and assessing core and

Not Applicable - Geophysical Surveys only

recovery

chip sample recoveries and results assessed.

Measures taken to maximise sample recovery

and ensure representative nature of the

samples.

Whether a relationship exists between

sample recovery and grade and whether

sample bias may have occurred due to

preferential loss/gain of fine/coarse material.

Logging

Whether core and chip samples have been

Not Applicable - Geophysical Surveys only

geologically and geotechnically logged to a

level of detail to support appropriate Mineral

Resource estimation, mining studies and

metallurgical studies.

Whether logging is qualitative or quantitative

in nature. Core (or costean, channel, etc.)

photography.

The total length and percentage of the

relevant intersections logged.

Sub-

If core, whether cut or sawn and whether

Not Applicable - Geophysical Surveys only

sampling

quarter, half or all core taken.

techniques

If non-core, whether riffled, tube

sampled,

and sample

rotary split, etc. and whether sampled wet or

preparation

dry.

For all sample types, the nature, quality and

appropriateness of the sample preparation

technique.

Quality control procedures adopted for all

sub-sampling

stages

to

maximise

representivity of samples.

Measures taken to ensure that the sampling

is representative of the in-situ material

collected, including for instance results for

field duplicate/second-half sampling.

Quality

of

The nature, quality and appropriateness of

No drill results reported

assay

data

the assaying and laboratory procedures used

and

and whether the technique is considered

laboratory

partial or total.

Tie lines were flown to analyse the cross overs and

tests

For

geophysical

tools,

spectrometers,

assist with levelling the magnetic survey

handheld XRF instruments, etc., the

parameters used in determining the analysis

including instrument make and model,

reading times, calibrations factors applied

No drill results reported

and their derivation, etc.

Nature of quality control procedures adopted

(e.g. standards, blanks, duplicates, external

laboratory checks) and whether acceptable

levels

of accuracy

(i.e. lack

of bias) and

Criteria

JORC Code explanation

Commentary

precision have been established.

Verification

The verification of significant intersections by

Not Applicable - Geophysical Surveys only

of sampling

either independent or alternative company

and

personnel.

assaying

The use of twinned holes

Documentation of primary data, data entry

procedures, data verification, data storage

(physical and electronic) protocols.

Discuss any adjustment to assay data.

Location

of

Accuracy and quality of surveys used to locate

Magnetic survey locations were measured with a

data points

drill holes (collar and down-hole surveys),

dual frequency GNSS receiver operating in

trenches, mine workings and other locations

autonomous mode, with x,y,z accuracies accurate

used in Mineral Resource estimation.

to less than 1m.

Specification of the grid system used.

Elevations were derived using a laser altimeter.

Quality and adequacy of topographic control.

Sample locations were collected and reported using

the WGS84_UTM grid system.

Magnetic survey altitude measurements were

measured with a laser altimeter with accuracies

better than 1cm.

Data

Data spacing for reporting of Exploration

No drilling results reported

spacing and

Results.

distribution

Whether the data spacing, and distribution is

No Drilling results reported

sufficient to establish the degree of geological

and grade continuity appropriate for the

Mineral Resource and Ore Reserve estimation

procedure(s) and classifications applied.

Whether sample compositing has been

applied.

Orientation

Whether the orientation of sampling achieves

Not Applicable - Geophysical Surveys only

of data

in

unbiased sampling of possible structures and

relation

to

the extent to which this is known, considering

geological

the deposit type

structure

If the relationship between the drilling

orientation and the orientation of key

mineralised structures is considered to have

introduced a sampling bias, this should be

assessed and reported if material.

Sample

The measures taken to ensure sample

All magnetic data is digitally stored by the

security

security.

contractor and geophysical consultant.

Audits

or

The results of any audits or reviews of

Daily Repeats and quality control by contractor

reviews

sampling techniques and data.

Data yet to be reviewed by external geophysical

consultant

Criteria

JORC Code explanation

Commentary

Mineral

Type, reference name/number, location and

Type - Exploration Licence (currently in good

tenement and

ownership including agreements or material

standing)

land tenure

issues with third parties such as joint

Reference name -Karonie

status

ventures, partnerships, overriding royalties,