


Anvil & Ore is a high-volatility online slot from Alchemy Gaming with an RTP of 96.26% and a maximum win of 5,000x.
Page updated July 2026
Alchemy Gaming, working under the Games Global umbrella, takes players underground for Anvil & Ore, a mining-themed slot that serves as the latest vehicle for a familiar bundle of studio mechanics - Echo Roll, Upsizer, Rolling Reels, and a win multiplier among them. It's not the first time Alchemy has sent players beneath the surface either; where the studio's Aquanauts sent players diving into ocean depths, Anvil & Ore swaps water for dense rock, lava flows and a fantasy-tinged mining operation instead.
The overall feel is heavy and deliberate rather than fast-paced - think hammer-on-stone rhythm rather than anything frantic - set against a backdrop of subterranean rock and glowing lava that gives the game a solid sense of place without overcomplicating the visuals.
Played on a 5x5 grid with 3,125 ways to win, Anvil & Ore uses the Rolling Reels mechanic to clear winning symbols and drop new ones in from above, letting fresh combinations form from a single spin. Wins require matching symbols landing from the first reel onward, left to right. At the top of four available RTP configurations, the game returns 96.26% (96.3% rounded), paired with high volatility and a hit frequency of 22.4% - so a little under a quarter of spins land some kind of win, a reasonable rate given the highly volatile math model underpinning the game. Stakes run from £/€0.30 up to £/€42 a spin.
The symbol set leans into the mining theme: metal-fonted 10-to-A card royals form the low pays, worth roughly 0.67x-0.93x the bet for a five-symbol win, while a hammer, shield, gemmed rocks and a chest of nuggets make up the high pays, worth 1.17x-2.5x the bet for the same feat. Wilds are worth double the value of the top-paying premium symbol and can substitute for any regular pay symbol, making them a genuinely valuable sight whenever they show up mid-cascade.
Beyond the core Rolling Reels loop, Anvil & Ore layers in the Echo Roll mechanic, free spins, an Upsizer and Upsizer Max that presumably grow the grid or multiplier over the course of a bonus round, an Upsizer Buy option, and free spins that come bundled with additional Upsizer Tokens - a fairly dense feature set for players who like their bonus rounds to have several moving parts rather than a single simple trigger.
With a 5,000x max win, high volatility, and a genuinely large 3,125-ways structure to work with, Anvil & Ore rewards players willing to sit through the highly volatile math model in exchange for a shot at the Rolling Reels and Upsizer mechanics compounding into something bigger.
Worth testing through the free demo at johnessyslots to see how the Rolling Reels and Upsizer features interact across a real session before deciding whether the 96.26% RTP and high volatility suit your bankroll for real-money mining.
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Anvil & Ore has an RTP (return to player) of 96.26%. RTP is the theoretical percentage of total stakes a slot returns to players over a very large number of spins, as published by Alchemy Gaming — individual sessions can land far above or below it.
Anvil & Ore is rated high volatility. High-volatility slots pay out less often, but wins tend to be bigger when they land — expect longer dry spells and larger swings to your balance.
The advertised maximum win for Anvil & Ore is 5,000x. Max wins are extremely rare by design — treat them as a ceiling, not an expectation.
Anvil & Ore is developed by Alchemy Gaming and was released in Aug 23, 2023.
Verified Data via Johnessy AI