Alkane Resources — AGM Information 2009

May 17, 2009

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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 2009

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 Managing 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

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ALKANE RESOURCES LTD
ABN 35 000 689 216
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Annual General Meeting

Perth 18 May 2009 www.alkane.com.au

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CORPORATE PROFILE

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• ASX Code ALK (listed since 1969)

• � Issued Capital 244.6m shares � Cash (31/03/09) ~A$6.5m � Investments: BC Iron ~A$6.0M � Trading Range (1 yr) A$0.15 - $0.515 � Trading Volume (1 yr) average about 0.2m/mth � Current Market Cap ~A$63m � Abottsleigh (Gandel Metals) 29.1% � No Debt

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ALKANE PEOPLE John Dunlop Chairman Ian Chalmers Managing Director Tony Lethlean Non-executive director Ian Gandel Non-executive director Ian Cornelius Non-executive director ----------------------------------------------------------------------Lindsay Colless Joint Company Secretary Karen Brown Joint Company Secretary ----------------------------------------------------------------------Terry Ransted Chief Geologist Mike Sutherland General Manager NSW David Meates Senior Geologist TGP Peter Duerden Senior Geologist Orange Jim Thornton Geologist Orange Glen Morgan PHGM Site Supervisor Stewart Lamond Field Supervisor David Moyses Cartographer The Board at the DZP DPP, ANSTO

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Australia – project locations
Nullagine BC Iron
9M shares = 15%
Leinster Nickel JV Central West NSW
Xstrata Nickel Gold – Copper
Rare metals
Perth
Sydney
500 km
Project
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Central West
NSW
Alkane
Projects TGP Gold Copper - gold
DZP
Newmont JV
Gold - copper
All Alkane projects
within the 120km
diameter circle
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Tomingley Gold
Dubbo Zirconia
Project
Project
and
Dubbo Zirconia Project
Location
Wyoming
Caloma
Peak Hill
153,000ozs
produced
1996 – 2005
450,000oz in
sulphide
resource
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Tomingley Gold Project
Geological Summary
Wyoming - Caloma
60,000oz
1km
270,000oz
Pelitic Sediments
3km
Feldspar porphyry 520,000oz
Volcaniclastic sediments
Graphitic mudstone
Volcaniclastic conglomerate 70,000oz historic production
Epidote altered volcanics
Chlorite-talc schist
Andesitic volcanics
Mineralisation
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Tomingley Gold Project
Wyoming One
North – South Section
614075mE 85m @ 2.15g/t Au 9m @ 12.5g/t Au
6m @ 9.53g/t Au
Alluvium
Cotton Formation 12m @ 6.22g/t Au
Feldspar porphyry
Volcaniclastic sediments 18.4m @ 5.74g/t Au 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
3D Model 6 & 7
3
5
Ore Zones
9
2 Porphyry 2
3 376 8
4 831
5 Contact
6 North 1
7 North 2
8 Hangingwall
9 Footwall
4
200 metres
450 metres
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Tomingley Gold Project
Wyoming One
3D Model
with
Planned Open Pit
Approximately 35% ore
recovered from pit.
Remainder subject to
underground development
review
200 metres
450 metres
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Tomingley Gold Project
Caloma
East – West Section
6394140
Alluvium
Cotton Formation
Feldspar porphyry
Volcaniclastic sediments
Dolerite
Volcaniclastic conglomerate
Epidote altered volcanics
Chlorite-talc schist
Andesitic volcanics
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Tomingley Gold Project
Caloma
3D Model
Ore Zones
400 metres
150 metres
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Tomingley Gold Project
Caloma
3D Model
with
Planned Open Pit
Approximately 80%
ore recovered from
pit
400 metres
150 metres
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Tomingley Gold Project
Wyoming Three
3D Model
Ore Zones
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Tomingley Gold Project
Wyoming Three
3D Model
with
Planned Open Pit
Approximately 80%
ore recovered from
pit
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TOMINGLEY GOLD PROJECT

Resource Summary Wyoming One and Three, Caloma March 2009 0.75g/t gold cut off. Measured 4.89 Mt @ 2.37g/t gold 372,000 oz 44% Indicated 1.42 Mt @ 2.70g/t gold 123,000 oz 14% Inferred 5.08 Mt @ 2.16g/t gold 353,000 oz 42 % TOTAL 11.39 Mt @ 2.32g/t gold 848,000 oz 100% Block models with no top cut

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Tomingley Gold Project
Exploration
Wyoming - Caloma
Proposed
Pit Locations
Caloma open below 200m vertical
Depth for underground potential
Mineralisation open along strike Exploration
to the north and south
Wyoming One open at depth and
south towards Myall United
Exploration
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TOMINGLEY GOLD PROJECT

Development Summary

Definitive Feasibility Study program well advanced, and scheduled for mid 2009 Program includes Caloma resource compilation (complete) Revamp of Wyoming One and Wyoming Three resources (complete)

Metallurgical work nearly complete and +90% recoveries from standard gravity CIL gold circuit, with average to above average crush/grind/chemical consumption Mine planning and scheduling in progress

Design and engineering for CIL treatment plant in progress, with Capex and Opex

Land access nearly finalised; water supply being finalised; power supply progressing

Complete Environmental Assessment and lodge Development Application mid 2009 Investigate financing options, and development decision Q3 2009 Production anticipated Q3/4 2010

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TOMINGLEY GOLD PROJECT

Definitive Feasibility Study Team

DFS Study Manager: Fiona Morgan / Ian Kerr (Mintrex – Holtfreters Pty Ltd) Tom Kendal Project Director Peter Banovich (MPC) Metallurgy Geoff Bailey (BEC) Electrical Hien Ngo Mechanical Gerard Looten Civil John Robbins Structural Design External Consultants: Richard Lewis (LMRC) Resource Audit Roselt Croeser Mining Doug Cooper (DECA) Residue Management Mining One - Geotechnical Peter Halyburton (EMS) + Kevin Rugg Power Supply Allister Rogers (Elders) Water Supply

Environment Consultants: Mitchell Bland RW Corkery & Co plus numerous specialists

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– flora and fauna; noise; dust; light; soils; surface and ground water; traffic; heritage and archeology

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Tomingley Gold Project
Tomingley
Proposed Site
Wyoming Three
Layout
Caloma
CIL Plant
Residue storage
Wyoming One
Underpass
Highway
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TOMINGLEY GOLD PROJECT
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Treatment Plant
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TOMINGLEY GOLD PROJECT
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Treatment Plant – Milling-Leaching Circuit
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40,000
3,500
Tomingley Gold
Project Water 45km
Infrastructure
TGP Site
Population
Power 20km
1,400
14,000
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TOMINGLEY GOLD PROJECT

Possible Project Economics

Current Concept: 0.75 to 1Mtpa open pit to produce an average 50-70,000oz pa Capital cost A$50 million+/- 20%

Minimum five year open pit life; + Underground? [Underground 250,000 to 500,000 tpa]

Cash costs ~A$600-700/oz

(state grid power; no fifo; reducing fuel and people costs)

Operating margins A$20 - 30Mpa at A$1150/oz at concepts of A$30 - 42Mpa at A$1350/oz 0.75 to 1Mtpa

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Orange Area
Regional
Location Carlin and Ridgeway
type porphyry targets
Newmont Joint
Venture
Molong and Moorilda
NMA to spend $5M before Cadia Valley
Aug 2010 to earn 51% +50Moz
Can go to 75% by carrying
all expenditures to final BFS
Orogenic (structural)
gold targets
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ODEJV
Moorilda McPhillamys Discovery 2006123m @ 1.96g/t Au10m @ 4.08g.t Au31m @ 1.64% znMcPhillamys Discovery 2006123m @ 1.96g/t Au10m @ 4.08g.t Au31m @ 1.64% zn
Geology and Prospects
7m @ 2.85g/t Au7m @ 2.85g/t Au
Tertiary
6m @ 2.37g/t Au
6m @ 2.37g/t Au
Granites [Carb-Sil + Ord Monzonite]
Siluro-Devonian volcanics and sediments
6m @ 3.52g/t Au
Ordovician volcanics 19m @ 1.23g/t Au and 0.20% Cu19m @ 1.23g/t Au and 0.20% Cu 6m @ 3.52g/t Au
20km Target corridor
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ODEJV
Moorilda
McPhillamys
Regional Geology
KPD 003
Undifferentiated sediments (Devonian) 366m @ 1.86g/t Au
Undiff felsic to intermediate volcanics
Foliated siliciclastic phyllite +4km
Rhyodacite volcanics
Intermediate volcaniclastics
Intermediate volcanics and intrusives
Intensely foliated polymict breccia
Intensely foliated sericitised phyllite
Mafic volcaniclastic and volcaniclastics
KPD 004
McPhillamys target 78m @ 1.04g/t Au
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ODEJV
Moorilda
McPhillamys
Section
Drill hole locations 600m
with 0.5g/t Au
outline
Target potential
2.5 Moz ?
200m
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ODEJV
Moorilda
McPhillamys
Drill Section
6292250mN
Strongly foliated dacitic schist 450m
Med-coarse grained dacitic
volcaniclastic
Coarse grained volcaniclastic
conglomerate (Epiclastic)
Intensely sericite-altered schist
Gold histogram
Zinc histogram
200m @ 1.5g/t Au
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ODEJV Moorilda McPhillamys Conceptual Target Size

Basic area currently defined at + 1g/t gold ~ 500m x 150m x 85% = 64,000m[2] To vertical depth of 400m = ~25 million m[3 ] Tonnage @ 2.8 sg = ~75 million tonnes

Grade @ 1.0g/t gold = ~2.3 million oz @ 1.5g/t gold = ~3.5 million oz

The +0.5g/t envelope is open to the north and south

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

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ODEJV McPhillamys Project: RC Drill August 2008
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DUBBO ZIRCONIA PROJECT

RESOURCES

• Measured Resource : 35.7 million tonnes grading 0 - 55 metres 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, and 0.75% REO

• Inferred Resource : 37.5 million tonnes at similar grades 55 - 100 metres 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

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 (several tonnes) from DPP to be distributed 2H 2009 Currently + 1,000kg of zirconium and 200kg of niobium

Market update completed late 2007 – strong growth predicted in most products Direct contact marketing in progress – Japan May and Europe/N America July

Revise and update the 2002 feasibility study mid 2010

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DUBBO ZIRCONIA PROJECT
PROCESS FLOW SHEET
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DUBBO ZIRCONIA PROJECT

Feasibility Study Team

DFS study manager: Steve Gilman TZ Minerals International Pty Ltd Gavin Diener; Machiel Keegel; Engineering TZMI Marketing: Philip Murphy TZMI Special Marketing Consultants: Dudley Kingsnorth IMCOA - REE Alister MacDonald TCMS - Zr + REE ANSTO Minerals: Bob Ring, Doug Collier, Karin Soldenoff, Des Levins DPP Operations: Adrian Manis, Peter Fleming, Prakash Rajalingam + the crew DPP Ext Engineering: Worley Parsons Product Development: David Parris Parris Consulting ANSTO Div of Materials Science (developed Synroc)

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DUBBO ZIRCONIA PROJECT

Product market summary

Zirconium: 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 Hafnium: control rods for nuclear reactors; nextgen microprocessors Niobium: HSLA steels; special alloys and glasses Yttrium: stabilizer in ceramics; phosphors for TV/computer screens; lasers; and compact fluoro lights = energy efficient bulbs Rare earths: speciality glasses; phosphors; fertilizers; catalysts; lasers; magnets/rechargeable batteries, particularly for hybrid vehicle motors Increased demand for many of the metals is driven by environmental legislation to ensure emissions minimisation and energy consumption efficiency

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DUBBO ZIRCONIA PROJECT Product Output

Base case models of 200,000 to 500,000 tonnes per year of ore processed

Product 200ktpa 500ktpa ZBS, ZOH, ZCO 9,000tpa(3ktpa ZrO2) 22,500tpa(7.5ktpa ZrO2) Nb-Ta concentrate 1,000tpa(0.7ktpa Nb2O5) 2,500tpa(1.75ktpa Nb2O5) LREE concentrate 990tpa (REOs) 2,475tpa (REOs) YREE concentrate 301tpa (REOs) 753tpa (REOs) Revenues: Base case 200,000tpa = US$50 million; Expanded = +US$100 million Open pit life > 200 years

• ZBS = zirconium basic sulphate; ZOH = zirconium hydroxide; ZCO = zirconium carbonate Equivalent ~99% ZrO2 + HfO2

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� Nb-Ta concentrate = ~80% Nb2O5; 1.5% Ta2O5 calcined basis

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DUBBO ZIRCONIA PROJECT
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Zirconia use in vehicle exhaust systems
Oxygen sensor for gas monitoring
Catalytic convertor in exhaust
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DUBBO ZIRCONIA PROJECT

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Zircobond [TM] New auto metal pretreatment and a use for zirconium chemicals
Source PPG web site
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DUBBO ZIRCONIA PROJECT

Zircobond[TM] New auto metal pretreatment and a use for zirconium chemicals

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Source PPG web site
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DUBBO ZIRCONIA PROJECT

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Demonstration Pilot Plant – Shed Internal
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The Project Pipeline
PROJECT 2009 2010 2011 2012 2013 2014
TGP
Wyoming
Caloma
Peak Hill
DZP
ODEJV
McPhillamys ? ? ? ? ??
Wellington
Galwadgere
Exploration Resource Feasibility Construction Production
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ALKANE RESOURCES LTD ABN 35 000 689 216

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Multi Commodity Development in the Central West of NSW

Yttrium “powered” compact fluoro light

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.

Competent Person:

Mr D I Chalmers, FAusIMM, FAIG, (director of the Company) 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 Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ian Chalmers consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

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