Alkane Resources — AGM Information 2011

May 17, 2011

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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 2011

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

Dear Sir,

PRESENTATION - ADDENDUM

Further to the AGM presentation released yesterday, the following addendum sets out details of each of the resource statements for the Tomingley Gold Project, the Peak Hill Gold Mine, the Dubbo Zirconia Project, the Galwadgere copper-gold prospect (Wellington) and the McPhillamys gold prospect (Moorilda).

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

TGP – Peak Hill Resource Statement

		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		No Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Gold mgeol model (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t) (koz)
		Wyoming One 2,379,000 2.52 878,000 3.07 3,227,000 2.35 6,484,000 2.51 523.2
		Wyoming Three 670,000 2.05 44,000 2.02 123,000 1.64 837,000 1.99 53.5
		Caloma 2,073,350 2.24 448,140 1.91 1,567,680 1.69 4,089,170 1.99 262.0
		Total 5,122,350 2.35 1,370,140 2.66 4,917,680 2.12 11,410,170 2.29 838.7
		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Gold 2.5x2.5x5.0m (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t) (koz) model
		Wyoming One 2,227,000 2.07 882,000 2.25 3,478,000 1.62 6,587,000 1.86 393.2
		Wyoming Three 630,000 1.87 58,000 1.73 154,000 1.25 842,000 1.75 47.3
		Caloma 2,047,750 2.04 440,050 1.71 1,371,620 1.36 3,859,420 1.76 218.5
		Total 4,904,750 2.03 1,380,050 2.06 5,003,620 1.54 11,288,420 1.82 658.9

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consultanting Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Richard Lewis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology are given in the ASX Reports dated 25March 2009 and 2 October 2009 .

		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		0.5g/tgold Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade k Ounces
		cut off (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t)
		Proprietary Peak Hill 9,440,000 1.35 1,830,000 0.98 11,270,000 1.29 467.4
		3.0g/t gold Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade k Ounces cut off (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t)
		Proprietary Peak Hill 810,000 4.40 810,000 4.40 114.6
	These Mineral Resources are based upon information compiled by Mr Terry Ransted MAusIMM (Principal, Multi Metal Consultants Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Terry Ransted consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology were given in the 2004 Annual Report.

DZP – Galwadgere Resource Statement

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Dubbo Zirconia Project

		Toongi Tonnage ZrO2 HfO2 Nb2O5 Ta2O5 Y2O3 REO U3O8 Deposit (Mt) (%) (%) (%) (%) (%) (%) (%)
		Measured 35.70 1.96 0.04 0.46 0.03 0.14 0.75 0.014
		Inferred 37.50 1.96 0.04 0.46 0.03 0.14 0.75 0.014
		TOTAL 73.20 1.96 0.04 0.46 0.03 0.14 0.75 0.014

These Mineral Resources are based upon information compiled by Mr Terry Ransted MAusIMM (Principal, Multi Metal Consultants Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Terry Ransted consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology were given in the 2004 Annual Report.

Wellington ‐ Ga wal dgere

	DEPOSIT MEASURED INDICATED 0.5% Cu cut off Tonnage Grade Grade Tonnage Grade Grade (t) (% Cu) (g/t) (t) (% Cu) (g/t)
	Galwadgere - - 2,090,000 0.99 0.3

These Mineral Resources are based upon information compiled by Mr Terry Ransted MAusIMM (Principal , Multi Metal Consultants Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Terry Ransted consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The full details of methodology were given in the 2005 Annual Report

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McPhillamys Resource Statement

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Moorilda ‐ McPhillamys

	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys
		DEPOSIT INDICATED INFERRED TOTAL McPhillamys Tonnage Grade Grade Tonnage Grade Grade Tonnage Grade Grade k Ounces tonnes 0.3g/t Au cut-off (t) (g/t) % Cu (t) (g/t) % Cu (t) (g/t) % Cu gold copper Inner Ore Zone 51,650,000 1.10 0.07 23,504,000 1.19 0.07 75,154,000 1.13 0.07 2,723.6 55,091 Outer Ore Envelope 9,624,000 0.44 0.04 7,167,000 0.43 0.03 16,791,000 0.43 0.03 234.7 5,729
		McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade	k Ounces	tonnes
		0.3g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu	gold	copper
		Inner Ore Zone	51,650,000 1.10 0.07	23,504,000 1.19 0.07	75,154,000 1.13 0.07	2,723.6	55,091
		Outer Ore Envelope	9,624,000 0.44 0.04	7,167,000 0.43 0.03	16,791,000 0.43 0.03	234.7	5,729
		T t l o a	61 274 000 0 99 0 07 , , . .	30 671 000 1 01 0 06 , , . .	91 945 000 1 00 0 07 , , . .	2 958 3 , .	60 820 ,
		DEPOSIT
		McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade	k Ounces	tonnes
		0.5g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu	gold	copper
		Inner Ore Zone	41,260,000 1.27 0.08	16,097,000 1.57 0.09	57,357,000 1.36 0.08	2,499.9	46,933
		Outer Ore Envelope	2,169,000 0.69 0.03	1,338,000 0.62 0.03	3,507,000 0.66 0.03	74.6	1,170
		Total	43,429,000 1.24 0.08	17,435,000 1.50 0.08	60,864,000 1.32 0.08	2,574.5	48,104
		the matters based on his information in the form and context in which it appears The full details of methodology were given in the ASX Announcement 5 July 2010 Totals may not . . tally due to rounding.0