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This suburb, within the Shire of Wanneroo, is named after the Greek freighter "Alkimos" which ran aground on the coast adjacent to the suburb. The 7033 ton freighter originally came aground south of Geraldton on the 19th March 1963. It was refloated and made its own way to Fremantle and the tug 'Pacific Star" was engaged to tow the vessel to Hong Kong for scrap. Just after the tow was started on the 31st May 1963, bad weather was encountered and the tow cable snapped and the vessel ran aground again. Several attempts were made to refloat her, but all were unsuccessful.

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