Targeted Exploration Commences at Bryah Basin Copper Project

Alchemy Resources Limited (ASX: ALY) is pleased to announce that it has commenced a targeted exploration program at its Bryah Basin Copper Project in Western Australia. The Bryah Basin Copper Project covers over 45km of strike length of volcanic and sedimentary rocks of the highly prospective Narracoota volcanic sequence (Figure 1) to the west of Sandfire Resources’ high-grade DeGrussa copper-gold deposit (Measured, Indicated and Inferred Resources of

14.33Mt @ 4.6% Cu and 1.6g/t Au).

The audio-magnetotelluric (AMT) survey completed in late 2011 over 3km strike extent of Narracoota volcanics at the East Magnus prospect area delineated fivediscrete anomalies (Figure 2). These anomalies may represent massive sulfide targets not detected or resolved in the previous geophysical survey.

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