Alkane Resources — AGM Information 2008

May 19, 2008

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R ESOURCES L TD
AB N 3 5 0 0 0 6 8 9 2 1 6
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18 May 2007

Manager Announcements Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir,

PRESENTATION

Attached is a copy of a presentation to shareholders immediately following the annual general meeting today.

A copy of this presentation will also be available on the Company’s website www.alkane.com.au.

Yours faithfully,

for ALKANE RESOURCES LTD

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D I Chalmers Technical Director

Registered Office: 129 Edward Street Perth WA 6000 Telephone: 61 8 9227 5677 Facsimile: 61 8 9227 8178 PO Box 8178 Perth Business Centre Western Australia 6849 www.alkane.com.au mail@alkane.com.au

ALKANE RESOURCES LTD ABN 35 000 689 216

Annual General Meeting 20 May 2008

www.alkane.com.au

CORPORATE PROFILE

ASX Code Issued Capital Cash (31/03/08)

Investments: BC Iron Trading Range (1 yr) Trading Volume (1 yr) Current Market Cap Abottsleigh (Gandel Metals) No Debt

ALK (listed since 1969)

241m shares

A$12.5m A$14.7M

A$0.215 - $0.515 average about 10m/mth ~A$114m 29.1%

Alkane Share Price – last twelve months

ALKANE PEOPLE

John Dunlop Ian Chalmers Tony Lethlean Ian Gandel Ian Cornelius

Chairman Managing Director Non-executive director Non-executive director Non-executive director

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Lindsay Colless

Company Secretary

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Terry Ransted

Mike Sutherland

Karen Brown

David Meates

Peter Duerden

Glen Morgan

Stewart Lamond

David Moyses

Chief Geologist

General Manager NSW

Corporate Administrator Project Geologist TGP

Project Geologist Orange

PHGM Site Supervisor

Field Supervisor

Cartographer

The Board at ANSTO

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Australia – project locations
Nullagine BC Iron
9M shares = A$14M
Leinster Nickel JV Central West NSW
Xtrata Nickel Gold – Copper
Rare metals
Perth
Sydney
500 km
Project
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Central West
Tritton Copper
NSW
The Peak
2Moz
Alkane Projects
TGP Gold Copper - gold
and
Syerston Ni Pt
major deposits DZP
Newmont JV
Gold - copper
Rio Tinto
2Moz 1.5Mt Cu
All Alkane projects
Newcrest
within the 120km 30Moz 2Mt Cu
Barrick
diameter circle 4.5Moz
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Tomingley Gold Project and Dubbo Zirconia Project

Dubbo Zirconia Project

Location

Wyoming Caloma Peak Hill 153,000 ozs produced

Tomingley Gold Project

Geological Summary

Pelitic Sediments Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics

Mineralisation

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58,700oz
1km
New discovery
3km
547,700oz
70,000oz historic production
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Tomingley Gold Project
Wyoming One
North – South Section
9m @ 12.5g/t Au
85m @ 2.15g/t Au
614075mE
6m @ 9.53g/t Au
Alluvium
Cotton Formation 12m @ 6.22g/t Au
Feldspar porphyry
18.4m @ 5.74g/t Au
Volcaniclastic sediments 12.5m @ 7.88g/t Au
7.2m @ 11.06g/t Au
Graphitic mudstone
Volcaniclastic conglomerate
Epidote altered volcanics
66m @ 19.5g/t Au
Chlorite-talc schist
11m @ 89.0g/t Au
Andesitic volcanics 14m @ 15.8g/t Au
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Tomingley Gold Project Wyoming One North – South Section 614075mE Preliminary Pit Profile

Alluvium Cotton Formation Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics

TOMINGLEY GOLD PROJECT Resource Summary Wyoming One and Three Dec 2007 0.75g/t gold cut off. Excludes Caloma Measured 4.835 mt @ 2.24g/t gold 348,350 oz 58% Indicated 1.025 mt @ 2.76g/t gold 91,000 oz 15% Inferred 1.270 mt @ 4.09g/t gold 167,000 oz 27 % TOTAL 7.130 mt @ 2.70g/t gold 606,350 oz 100%

Tomingley Gold Project

Caloma

Preliminary Geological Interpretation

Pelitic Sediments Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics Mineralisation

Sections

New RC Intersections 37m @ 8.63g/t Au 15m @ 16.80g/t Au 11m @ 6.87g/t Au 19m @ 6.03g/t Au 53m @ 4.71g/t Au 14m @ 4.83g/t Au

Tomingley Gold Project Caloma

East – West Section 6394140

Alluvium Cotton Formation Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics

Tomingley Gold Project Caloma

East – West Section 6394120

Alluvium Cotton Formation Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics

Tomingley Gold Project: Caloma RC Drilling November 2007

Drilling amongst the harvest

Tomingley Gold Project: Caloma RC Drilling March 2008

Tomingley Gold Project

Proposed Pit Locations

Addition gold potential Caloma 200,000oz � 400,000oz

Total Project potential to approach 1Moz

TOMINGLEY GOLD PROJECT Definitive Feasibility Study Team

DFS Study Manager:

Fiona Morgan (Mintrex – Holtfreters Pty Ltd) Tom Kendal Project Director Drew Noble (MPC) Metallurgy Geoff Bailey (BEC) Electrical Hien Ngo Mechanical Gerard Looten Civil John Robbins Structural Design

External Consultants:

Roselt Croeser Mining Richard Lewis Resource Audit Doug Cooper (DECA) Residue Management David Lucas (Mining One) Geotechnical Peter Halyburton (EMS) Power Supply Allister Rogers (Elders) Water Supply

Tomingley Gold Project

Tomingley

Proposed Site Layout

Caloma

Wyoming Three

CIL Plant

Bridge or underpass

Wyoming One Highway

TOMINGLEY GOLD PROJECT

Development Summary

Definitive Feasibility Study program incl resource drill out Caloma, optimise open pits, optimise head grades and recoveries.

Metallurgical work underway and +90% recoveries anticipated DFS scheduled for early 2009.

Detailed design and engineering for CIL treatment plant.

Complete Environmental Assessment and lodge Development Application early 2009 Investigate financing options, and possible development mid 2009 Current Concept: 1,000,000tpa open pits to produce an average 60-70,000oz pa Capital cost A$40-50 million ? Five year open pit life; + Underground? [Underground 250,000 to 500,000 tpa]

Cash flows range to A$30M pa; open pits to generate A$150m

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Orange Area
Regional
Carlin and Ridgeway
Location
type porphyry targets
Newmont Joint Venture
Molong and Moorilda
NMA to spend $5M before
Cadia Valley
Aug 2010 to earn 51%
+30Moz
Can go to 75% by carrying
all expenditures to final BFS
Orogenic (structural)
gold targets
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ODEJV
McPhillamys Discovery 2006
McPhillamys Discovery 2006
123m @ 1.96g/t Au
Moorilda 123m @ 1.96g/t Au
10m @ 4.08g.t Au
10m @ 4.08g.t Au
31m @ 1.64% zn
31m @ 1.64% zn
Geology and Prospects
7m @ 2.85g/t Au
7m @ 2.85g/t Au
Target corridor
6m @ 2.37g/t Au
6m @ 2.37g/t Au
6m @ 3.52g/t Au
19m @ 1.23g/t Au and 6m @ 3.52g/t Au
19m @ 1.23g/t Au and
0.20% Cu
0.20% Cu
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ODEJV
Moorilda
McPhillamys
o KPD 003
Mineralisation
with drill hole 600m
locations
o KPD 002
Target potential
> 1Moz
200m
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ODEJV Moorilda McPhillamys Drill Section 6292120mN

Strongly foliated dacitic schist

Med-coarse grained dacitic volcaniclastic

Coarse grained volcaniclastic conglomerate (Epiclastic) Strongly foliated dacitic schist Intensely sericite-altered schist

Gold histogram

Zinc histogram

ODEJV Moorilda McPhillamys Drill Section 6292220mN

Strongly foliated dacitic schist

Med-coarse grained dacitic volcaniclastic

Coarse grained volcaniclastic conglomerate (Epiclastic) Strongly foliated dacitic schist

Intensely sericite-altered schist

Gold histogram

Zinc histogram

ODEJV McPhillamys Project: Core Drilling December 2007

KPD 002 Collar

ODEJV McPhillamys Project: KPD 003 Core

Terry Ransted (Alk), Peter Duerden (Alk), Wade Johnson (Newmont), Jeff Bigalow (Newmont)

ODEJV Moorilda McPhillamys Conceptual Target Size

Basic area currently defined at + 1g/t gold ~ 300m x 200m x 85% = 51,000m[2] To vertical depth of 350m = ~18 million m[3 ] Tonnage @ 2.9 sg = ~50 million tonnes Grade @ 1.5g/t gold = ~2.5 million oz

The +0.5g/t envelope is >600m long and open to the north and south The IP chargeabilty anomaly also suggests more targets to the west of drilling Regional mineralisation extends over 4km and possible as much as 10km Preliminary metallurgical scoping indicates +90% gold recovery from CIL Geometry would suggest low waste to ore ratio to significant depth

ODEJV Moorilda

McPhillamys

2008 Program

Regional Scoping -> August 4,000m RC + Core drilling IP from McP to Kings Plains ~$1.6 million

McPhillamys Scoping -> Dec 5,000m RC + Core drilling ~$1.0 million

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3m @ 3.9g/t Au
5m @ 0.6g/t Au
4km
18m @ 0.22g/t Au
18m @ 0.27g/t Au
3m @ 0.95g/t Au
16m @ 1.6g/t Au
29m @ 0.4g/t Au
15m @ 0.5g/t Au
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DUBBO ZIRCONIA PROJECT

Project Site and Infrastructure Location

DUBBO ZIRCONIA PROJECT

RESOURCES

Measured Resource : 0 - 55 metres

35.7 million tonnes grading 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, and 0.75% REO

Inferred Resource : 55 - 100 metres

37.5 million tonnes at similar grades

TOTAL

:

73.2 million tonnes

Major world resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements

Although the ore is not classified as a radioactive deposit, it contains 23 million lbs (10,200t) of uranium

Production of uranium is currently prohibited in NSW

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DUBBO ZIRCONIA PROJECT
Key metals
Light rare earths Heavy rare earths
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DUBBO ZIRCONIA PROJECT Current Program

AusIndustry Commercial Ready Grant of A$3.29M in April 2006 on dollar for dollar basis to complete process optimisations, and construct and operate the Demonstration Pilot Plant (DPP).

Laboratory program to optimise flow sheet commenced at ANSTO Lucas Heights (Australian Nuclear Science and Technology Organisation) July 2006, with Demonstration Pilot Plant commissioned March 2008 Substantial product samples (50 to 100kg) from DPP to be distributed in 2H 2008 Market update completed late 2007 – strong growth predicted in most products Revise and update the 2002 feasibility study by mid 2009

DUBBO ZIRCONIA PROJECT Feasibility Study Team

DFS study manager:

Steve Gilman TZ Minerals International Pty Ltd Dave McCoy Engineering TZMI

Marketing:

Martin Lynch TZMI Philip Murphy TZMI

Special REE Consultant: Dudley Kingsnorth IMCOA DPP Engineering: Ross Hayes Worley Parsons DPP Operations: ANSTO Minerals team

Product Development:

ANSTO Minerals and ANSTO Institute of Materials Engineering IME - developers of synroc and zirconia ceramics

DUBBO ZIRCONIA PROJECT

PROCESS FLOW SHEET

DUBBO ZIRCONIA PROJECT Product market summary

Zirconium:

Hafnium:

Niobium:

drying agent in paints; primer coat of vehicle metalwork; ceramic pigments; engineering ceramics; catalysts; electronics; solid oxide fuel cells cladding in nuclear power plants; special alloys and glasses control rods for nuclear reactors; nextgen microprocessors HSLA steels; special alloys and glasses

Yttrium:

stabilizer in ceramics; phosphors for TV/computer screens; lasers

Rare earths: speciality glasses; phosphors; fertilizers; catalysts; lasers; magnets/batteries, particularly for hybrid vehicle motors

DUBBO ZIRCONIA PROJECT

Current Zirconia Zr Chemical Uses

2006 Consumption 2010 Estimated High growth areas:

100,000 tonnes 126,000 tonnes with industry growth rate of 4.5%pa Advanced ceramics and catalysts 13.0%pa Ceramic pigments 8.0%pa

DUBBO ZIRCONIA PROJECT

Structure of the Zirconia Industry

Dubbo Zirconia Project

Products range from US$4 to +US$20/kg (ZrO2 equ) depending upon quality and use Zirconium metal ranges from US$25/kg to US$250/kg

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Metallurgical
� Structural steels
� Stainless and heat
resistant steels
Pyrochlore FeNb � Superalloys
� Super conducting
magnets
Columbite
Tantalite Nb 2O 5 Oxides
� Class
� Ceramics
AZL Nb
Concentrate
Nb Raw Materials Intermediate Products Applications
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DUBBO ZIRCONIA PROJECT

Schematic Illustration of Niobium Industry Structure

2007 (as pentoxide)

Niobium 86,000t – 90% Brazil

DZP product estimated to range from US$25 to US$35/kg depending upon quality and use, and long term sustainable pricing

DUBBO ZIRCONIA PROJECT

Primary niobium production

Since early 2007, price has spiralled to US$65/kg from long term base of around US$16/kg. Currently ~US$55/kg

DUBBO ZIRCONIA PROJECT Yttrium - Rare Earth Market

China currently produces 95% of world output of 122,500 tonnes 2007 2012 demand forecast 190,000 tonnes. China is limiting the export of raw materials

DUBBO ZIRCONIA PROJECT Yttrium - Rare Earth Market

Big growth areas are magnets Dy-Tb-Nd-Sm and rechargeable batteries Nd (metal alloys) for electric and hybrid vehicles. Also phosphors Y-Tb-Eu (TV, computer, LCD’s), and ceramics Y-Tb and catalysts Ce

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DUBBO ZIRCONIA PROJECT
Yttrium - Rare Earth Market
200,000 200,000
175,000 175,000
Shortfall
150,000 150,000
125,000 125,000
100,000 100,000
75,000 75,000
50,000 50,000
25,000 25,000
0 0
China ROW Supply Global Demand China Demand
2000 2001 2002 2003 2004 2005 2006 2007f2008f 2009f 2010f 2011f 2012f
Demand tpa - REO
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DZP product ranges US$11 to US$15/kg per contained Y2O3 and US$11 to US$14/kg per contained REE’s

Maglev Vertical Wind Turbines GuangZhou ZhongKe HengYuan Energy Technology Company

DUBBO ZIRCONIA PROJECT Demonstration Pilot Plant - Shed

DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant – Shed Internal

DUBBO ZIRCONIA PROJECT Demonstration Pilot Plant - Kiln

DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant – Primary Filter

DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant – Solvent Extraction Circuit

DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant – Zirconium Recovery

Australian Nuclear Science and Technology Organisation

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ANSTO Minerals Dubbo Zirconia Project Team Key Personnel Bob Ring GM – Chemical Engineer, 30yr hydromet, esp uranium Doug Collier – Metallurgist, chemical engineer, 30yr extractive metallurgy Karin Soldenhoff – Metallurgist, +20ys hydromet, sx, ix – Des Levins Consultant Chem Eng, hyromet, sx particularly U and REEs – Adrian Manis DPP Project Engineer Peter Fleming – DPP Consulting Engineer plus 10 – 15 technicians and operators (students)

DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant – The DPP Crew

Australian Nuclear Science and Technology Organisation

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ANSTO is located at Lucas Heights about 30km south of the Sydney CBD and is one of Australia’s premier research facilities.

For 50 years ANSTO has undertaken research in nuclear science and technology with applications which assist in solving problems in such diverse areas as environment, climate change, human health, agriculture, manufacturing, mining, construction, minerals, structural integrity, and nuclear nuclear proliferation. ANSTO has several internal divisions and an associated Technology Park. These include Minerals, Environment, Radiopharmaceutical, Materials Engineering (ceramics, synroc), Bragg Institute (neutron, x-rays). Silex operate in the Technology Park and have a world first laser uranium enrichment process.

Australian Nuclear Science and Technology Organisation

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Australian Nuclear Science and Technology Organisation

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DUBBO ZIRCONIA PROJECT

Process Flow Sheet – Possible developments

Separated yttrium and Dy Tb, Er for magnets (hybrid cars), speciality glasses and alloys, ceramics

Uranium Nuclear power

Zirconium and hafnium metal Nuclear and special alloys New microchip applications

Niobium and tantalum for Thorium ?? special alloys Subcritical reactors

Separated Nd for batteries (hybrid cars), La and Ce

DZP Probable Outputs

• Base case models of 200,000 to 500,000 tonnes per year throughput

• 9,000 to 22,500 tonnes of zirconium chemicals (3kt to 7.5kt zirconia equivalent)

• 1,000 to 2,500 tonnes of niobium-tantalum concentrate (0.6kt-1.5kt Nb equiv)

• 2,400 to 6,000 tonnes of yttrium-rare earth concentrates (1.2kt-3kt YREE equiv)

• 25 to 62 tonnes of uranium concentrate (56,000 to 140,000lbs)

• Revenues of A$50 to $125 million

• Cash flow $15 to $50 million

• Capital costs of A$100 to $200 million

Open pit mine life (base case) > 200 years Uranium production remains prohibited in NSW

Resource Summary

� Tomingley Gold Project

Wyoming One (M,Ind & Inf) Wyoming Three (M,Ind & Inf) Caloma Potential?? Total Peak Hill Sulphide (Ind & Inf) TOTAL

547,700 oz 58,772 oz - ?2 400,000 oz 8-1,000,000 oz 467,570 oz – 1.2 1.5M oz

• Moorilda Project McPhillamys Hill Gold Potential ??

>1.0M oz

� Dubbo Zirconia Project (M & Inf) 73.2Mt @ 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 Toongi 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, 0.75% REO

� Wellington Project Galwadgere Indicated (0.5% Cu) 2.09Mt @ 0.99% Cu and 0.3g/t Au 20,000 oz

Alkane 12 Month Program

• Resource drill out for the Caloma open pit - Revised resources by mid 2008

• Complete f easibility study on TGP (Wyoming-Caloma) – early 2009 Development commence mid 2009. Production by early 2010

• DZP - Operate Demonstration Pilot Plant at ANSTO Advance feasibility study – target completion mid 2009

• Progress Orange JV with Newmont. Advance McPillamys resource potential Test other regional targets

• Advance Galwadgere copper project – own exploration or joint venture

• Advance exploration targets at Wellington, Bodangora and Cudal

• BC Iron - Nullagine WA, progress exploration to resource status Alkane retains 9M shares (15%) Currently worth A$14M

	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline
PROJECT	2008					2009							2010						2011					2012			2013
TGP
Wyoming Caloma
Peak Hill
DZP
ODEJV
McPhillamys
																						?			?			??
Wellington
Galwadgere
	Exploration Resource Feasibility Construction Production

ALKANE RESOURCES LTD ABN 35 000 689 216

Multi Commodity Development in the Central West of NSW

Arsenopyrite in Caloma core

Disclaimer:

This presentation contains certain forward looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Alkane Resources Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Alkane Resources Ltd. Actual results and developments may differ materially from those expressed of implied by these forward looking statements depending on a variety of factors. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.