ALY

i am bullish on ALY

-With 3 drilling programs that are commencing within the next 3 months.
-Being a company with such a small market cap gives it potential to move.
-Gold price is very good at the moment.

DECEMBER 2017 QUARTERLY REPORT

• Highlights
  KARONIE PROJECT (WA) – GOLD
  - First-pass RAB drilling of the gold prospective Claypan Shear Zone to commence
  early in February 2018.
  - First-pass RAB drilling of interpreted dolerite coincident with magnetic and
  gravity highs at the Warrior Prospect also planned to commence in February.
  - Significant untested gold-in-soil anomaly identified at KZ5.
  LACHLAN / COBAR BASIN PROJECTS (NSW) – GOLD / BASE METALS
  - Reverse Circulation drilling at the Black Range Tank Gossan VTEM / surface EM
  anomaly and coincident Au-Cu-Pb-Zn-Ag-in-soil anomaly to commence during
  the March 2018 quarter.
  - First pass wide spaced soil sampling at Eurow identifies significant gold and
  copper anomalism.
  - Historic soil sampling collation identifies strong gold and copper soil
  anomalism at Quarry Hill and Rosedale prospects.
  - Auger drilling at Girilambone identifies low tenor copper anomalism.
  BRYAH BASIN PROJECT (WA) – GOLD / BASE METALS
  - Independence Group NL moving loop EM (MLEM) survey identifies strike
  extensive EM conductors.
  - Billabong Gold Pty Ltd JORC 2012 update for the Wilgeena resource has
  commenced but is yet to be finalised.
  CORPORATE
  - Cash at 31 December 2017 - $1.41M.
  
  
  
  Western Australia: Karonie Project
  • 782km2 of highly prospective, recently granted
  exploration licences (only one application)
  • Quality geological setting – greenstones
  containing large scale structures (Keith Kilkenny
  and Claypan Faults) and mineralised secondary
  structures, proximal to “internal” granites
  • Along strike to the south of Breaker Resources
  (ASX:BRB MCap. $80M) Lake Roe Project (Bombora
  gold deposit on Claypan Fault)
  • 35km of the Claypan Fault - limited soil sampling
  over transported soils and no previous drilling
  • Northern and southern strike extensions of
  560,000oz @ 2.2g/t Au* (Karonie Main, Harry’s
  Hill, Spice, Tank, French Kiss & Argonaut reserves
  and resources - Silver Lake Resources (ASX:SLR))
  • Adjacent to Kairos Minerals (ASX:KAI MCap. $54M)
  Roe Hills Project
  • 50km from Silver Lake’s Mt Monger / Randalls
  processing plant