ALARA RESOURCES LIMITED

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Annual General Meeting Perth, Western Australia

6[th] November 2008

Shanker Madan – Managing Director

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An international energy and resources Company VICTOR HO - COMPANY SECRETARY Strategic mineral assets

Advanced targets

Key portfolio of landholdings

Global demand

Strong Cash position ($8.15 million as of 31/10)

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Australian Projects

Bigrlyi South
Mt James
Mt Lawrence Wells
VICTOR HO - COMPANY SECRETARY
Canning Well
Kimberley Phosphate
King Sound Mineral Sands

TITLE OF THE PRESENTATION 4 Kimberley Phosphate (in red - 100% Alara)

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Historical Reports of anomalous Phosphate occurrences (up to 17.8% P2O5)within Alara’s tenements in the Kimberley Region of W.A.

Currently awaiting granting of Exploration Licences.

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King Sound Mineral Sands (in blue - 70% Alara)
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Primary target
minerals are:
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Ilmenite
-
Zircon
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Rutile
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Magnetite
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Historical Reports of significant Mineral Sands occurring within Alara’s King Sound tenements.

Currently awaiting granting of Exploration Licences.

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King Sound Mineral Sands
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Mt James

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Conducting heritage survey for
permission to drill 2000 m in November
Shallow carnotite mineralisation in
lateritic profile identified
Deeper uraninite mineralisation in
pegmatitic veins in the gneissic rocks – vein type deposits
0.17% U3O8 for 0.2m at 69.5m in a
diamond core hole
Detailed airborne radiometric
survey completed.

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Mt James
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TITLE OF THE PRESENTATION 10 Canning Well

AUQ’s Tenements:

EL46/629 and ELA46/585

Location:

110km SW of Telfer and 80km west of Kintyre

Potential Target Mineralisation:

Uranium, gold, base metal and Mn targets

Geology

Proterozoic rocks (Mn Group, Tarcunyah Group, Yeneena Supergroup and Savory Group) dominate with Achaean rocks present. The Manganese Group

TITLE OF THE PRESENTATION 11 Canning Well – Recent Mag/lag geochemical survey results

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Maglag sampling program identified anomalous base metals zonesas well as a high priority Manganese anomaly traced over 3.5km
Heritage survey planned to take place in November in order to seek approval to drill 2000m

 Location of the mag/lag survey area (black)

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Canning Well: Image of U
VICTOR HO - COMPANY SECRETARY Break in trend possibly
caused by leaching
Strike parallel trends
associated with
suggesting stratigraphy
structures
origin
Low order anomaly
associated with Pb
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Canning Well: Image of Au

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Strike parallel to NW-SE
structural and stratigraphy trends
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Canning Well: Image of Mn
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Offset in trend
possibly by structure
Stratigraphy or alluvial
controlled
3.5 km trend in Mn
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Canning Well: Image of Mo

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Peruvian Projects

Pampacolca
Crucero
Santa Rosa
Coasa

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Pampacolca

Historical sampling reported
0.82% uranium oxide (U3O8)
Regional Exploration program
conducted

• Proposed forward work programme - based on results

Crucero... continued

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Targeting rhyolitic tuffs and ash flows – which host several known uranium occurrences in the district.

Uranium is concentrated in structures along fractures and faults within the volcanic tuffs. VICTOR HO - COMPANY SECRETARY

AUQ project area is 500m along strike from the uranium (autinite) occurrences inspected and trench sampled by IPEN in the 1980’s.

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Rhyolitic tuff fill the Picotani basin (view to the West)
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Crucero Uranium Project

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Crucero Uranium Project

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G
VICTOR HO - COMPANY SECRETARY F
E
D
Mi
C
ria
B m
A
Anomalo
us Areas
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-4 Concessions totalling 4100 hectares

-Mapping and ground radiometrics survey completed

-Detailed radiometric survey outlined anomaly over 3 km strike length.

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-Lituania 3- most advanced

-10m x 10m grid radiometirc survey (hot spots) has been completed over 7 anomaly areas

-2000m drilling planned on the spots -Community approvals have been obtained

-Drilling will commence as soon as a rig is aavilable

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Santa Rosa Uranium Project

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Santa Rosa... continued

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6 concessions = 4400Ha.

Rhyolitic lava flows lie adjacent to an unconformity carbonaceous slates.

The lavas are the main targets for uranium mineralisation. Mineralisation is also VICTOR HO - COMPANY SECRETARY associated with the unconformity.

Large geochemical anomalies of over 200ppm uranium have been reported by IPEN from chip samples adjacent to the unconformity in the region.

Volcanic sequence of Mitu - rhyolites ( r ) inserted in andesites ( a )

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Coasa

11 concessions = 9600Ha.

Coasa Granite is well exposed throughout project area., with numerous mafic dykes and veins.

Veins and dykes in the granite are VICTOR HO - COMPANY SECRETARY anomalous in uranium.

Historical IPEN sample reported 0.19% uranium.

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Gap‐
1
Gap‐
2
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Crosscut of fractures - hydrothermal alteration visible; possible occurrence of pitchblende

New Opportunities

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Currently investigating numerous opportunities in a range of commodities and countries. VICTOR HO - COMPANY SECRETARY

Strong cash position to facilitate the acquisition of high quality potential projects.

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QUESTIONS ?

VICTOR HO - COMPANY SECRETARY Visit our website – www.alararesources.com.au

for corporate information for shareholders and investors

-Email your details to [email protected]

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves has been compiled by Mr Hem Shanker Madan who is a Member of The Australian Institute of Mining and Metallurgy. Mr Madan is the Managing Director of the Company. Mr Madan has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code).” Mr Madan consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

AI assistant

ALARA RESOURCES LIMITED AGM Information 2008

64461_rns_2008-11-05_238c93f8-05ae-4780-8c3b-8bdfcb3d95ed.pdf