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R ESOURCES L TD
ABN 3 5 0 0 0 6 8 9 2 1 6
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23 May 2012

Manager Announcements ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

Dear Sir,

PRESENTATION

Attached is a copy of the Company’s Annual General Meeting presentation to shareholders.

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

65 Burswood Road, Burswood WA 6100, AUSTRALIA (PO Box 4384, Victoria Park WA 6979, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: 61 8 9227 8178 www.alkane.com.au [email protected]

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ANNUAL GENERAL MEETING May 2012

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Equity

Shares – 372,231,500
� Opt ons –i 4 000 000, , � Market Capitalisation – A$370M

Equity & Ownership

Ownership

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Cash – A$105M (30 April 2012)
Debt – nil
� Share turnover – ~1.2M / day current � 12 Month Low/High – A$0.89/$2.55 � Top 20 – 58% As at 30 April 2011 � Codes – ALK (ASX) Major Shareholder: Abbotsleigh (Gandel Metals) – 25% – ANLKY (OTCQX ) Fidelity Investments – 5% Source: ASX 2

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Location and Business Strategy

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Location

Multi commodity explorer and miner – focussed in the Central West of New South Wales, Australia Region with substantial existing infrastructure.

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Dubbo Zirconia Project – world class resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earths.
� Peak Hill Gold mine – gold production from 1996 ‐ 2005.

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Tomingley Gold project – new gold development p annel d t o commence 2013 b ased upon 812 000, oz resource.
McPhillamys Gold project – major gold discovery (~3 million oz). Joint Venture with Newmont .

Central West Region

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Develop multiple operations over next five years – within tight geographic area. New discoveries at Cudal (Au‐Zn) , Bodangora (Au‐Cu) and Galwadgere (Cu‐Au).

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Board & Management

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Senior Management

Board

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||||||
|---|---|---|---|---|
|�|John Stuart Ferguson Dunlop (Chairman).|BE(Min),|
|MEngSc(Min). Mining Engineer|
|�|David Ian|Chalmers (Managing Director).|MSc. Geologist|
|�|Ian Jeffrey Gandel (Director).|LLB, BEc. Businessman|
|�|Anthony Dean Lethlean (Director)|BAppSc|.|Geologist|
|�|Lindsay Colless (Joint Company Secretary – CFO)|‐ CA|
|�|Karen Brown (Joint Company Secretary) –|BEc(hons)|

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Terry Ransted (Chief Geologist) ‐ BAppSc
� Michael Sutherland (General Manager NSW) ‐ BSc � Tony Wright (Commercial Manager) � Henry Kaye (TGP Project Manager) – BEng � Colleen Measday (TGP Environment Manager) – BCivEnvEng � David Meates (Senior Geologist TGP) ‐ BSc � Peter Duerden (Senior Geologist Orange) ‐ BSc

Communications / Investor Relations / Media

Communications / Investor Relations / Media Senior Consultants
� ‐ � Steve Gilman (TZMI) DZP Project Manager ‐ BAppSc Natalie Chapman Corporate Communications Manager BSc(hons) MCom MBA � Gavin Diener (TZMI) DZP DFS Manager – BScEng BCom �
� Athena Prib Communications Advisor ‐ BASc(NucMed)(hons) Alister MacDonald (TCMS) DZP Marketing) ‐ BCeramEng(hons) � Fiona Morgan (Mintrex) TGP DFS Consultant ‐ BEng
� � Greg Foster Mintrex( ) TGP Project Manager – BMec h Eng Westbrook Financial Communications Pty Ltd Ian Westbrook / Sally Field � RW Corkery & Co Environmental Alex Irwin / Mitch Bland � ANSTO Minerals DZP process and DPP operations � Dudley Kingsnorth (IMCOA) DZP Rare earth markets

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Project Locations

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Emerging Producers

Dubbo – Zr, Nb, REEs 400km NW of Sydney
Tom ng ey i l – Au 50km SW of D ubbo

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–
McPhillamys Au 35km SE of Orange
Peak Hill – Au 65km SW Dubbo

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Advanced Exploration

Bodangora – Cu‐Au 40km SE of Dubbo
Wellington – Cu‐Au 50km SE of Dubbo

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� Cudal – Au‐Zn 40km W of Orange
McPhillamys
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Dubbo Zirconia Project

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Demonstration Pilot Plant at ANSTO (2008)
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6
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Rare Metals – Rare Earths

China produces 90% of world downstream zirconium chemicals
China currently produces 95% of world REE output
China is limiting the export of raw rare earths materials
Brazil produces 90% of world niobium

Rare Metals ‐ Rare Earths

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Rare metals Light rare earths Middle Heavy rare earths

� Green technology is dependent on rare metals and rare earths � Increased demand also driven by changes in legislation � China has dominant position

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…not so rare, but increasingly valuable

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DZP Location & Infrastructure

	DZP Location & Infrastructure	DZP Location & Infrastructure	DZP Location & Infrastructure

		Infrastructure � Population– 80,000 Dubbo regional
		� Rail– railway hub � Road– major highways intersection/hub � Water– numerous sources
		� Electricity NSW State power grid – � Gas– NSW State gas grid � Industrial– substantial light industry � Agriculture– major agricultural hub
		� Process chemicals available from multiple sources in eastern Australia � Limestone available at Geurie



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Resources & Reserves

Resources & Reserves – open at depth
Life – +20 years ut can support onger e anb l lif d hi gher product on ratesi
Major world resource ‐ zirconium, hafnium, niobium, tantalum, yttrium & rare earth elements
Important heavy rare earth distribution of 25% of total rare earth content

Resources	Depth (m)	Tonnes (Mt)	Grade
Measured	0-55	35.7	1.94% Zr02, 0.04%HfO2, 0.46% Nb2O5 , 0.03% Ta2O5 , 0.14% Y2O3, 0.74% REO (0.9% TREO)
Inferred	55-100	37.5	As above
Total	0-100	73.2	As above
Reserves
Proven	0-26	8.1	1.93% Zr02, 0.04%HfO2, 0.46% Nb2O5 , 0.03% Ta2O5 , 0 14% Y O 0 75% REO (0 9% TREO) . 2 3, . .
Probable	26-45	27.9	As above
Total	0-45	35.9	As above

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Process Flow Sheet
Processing
� Demonstration Pilot Plant – established 2008
� ANSTO – Aust. Nuclear Science & Tech. Org.
� Process – unique & advanced
� –
Optimization ongoing
� Sulphuric acid leach whole of ore
� Solvent extraction, separation
& refining
� Chemical precipitation
� Zirconium products
� Niobium products
� Heavy RE product
� Light RE product
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Marketing

Off‐take

Zirconium (39% of revenue) – 100% under MOU
Niobium (22% of revenue) – 100% under MOU
LREE (21% of revenue) – advanced negotiations
YHREE (18% of revenue) – advanced negotiations
Throughput – there are four MOU’s which virtually guarantee production at 1Mtpa
Revenue update in progress, which will see shift in % distribution

		Memorandums of Understandings (MOU’s)
MOU	Date Announced	Product Details
1	16 May 2011	Zirconium Leading chemical company & trading company to produce zirconium oxychloride
2	26 July 2011	Zirconium JV with Australia’s Mintech Chemical Industries to produce zirconium oxychloride
3	15 August 2011	Zirconium JV with leading European manufacturing / trading company to market DZP products
4	26 O b 2011 cto er	Ni bi E d d k f i bi o um uropean company to pro uce an mar et erro-n o um

Primary filter cake contains ~ 200ppm Ta2O5. At 1Mtpa this equates to about 200tpa (>400,000lbs pa ).
A program has commenced to review recovery of this valuable Ta2O5 product

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Zirconium

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12
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Zirconium Pricing
Zirconium price trends US$/tonne
12000
10000
8000
+US$6 800/t,
6000
4000
2000
0
4Q 2009 1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012
Zircon 65% ZrO2 Fused Zirconia 99.0% ZrO2
Chemical Zirconia 99.5% ZrO2 ZOC 36.0% ZrO2
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Niobium

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Niobium Demand and Price
Niobium 2010
(Ferroniobium units)
Consumption ~85,000t
90% sourced from Brazil
Estimate for 2012
~100,000t
Sources: IAMGOLD / TZMI
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Rare Earth Elements

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16
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Rare Earth Elements

Rare Earth Elements	Rare Earth Elements	Rare Earth Elements	Rare Earth Elements	Rare Earth Elements	Rare Earth Elements	Rare Earth Elements	Rare Earth Elements

	Rare Earths Prices (US$/kg FOB China REO) Source:Metal Pages© Numbers have been rounded DZP Q2 2010 Q4 2010 Q2 2011 Q4 2011 Q1 2012
	Rare Earths Prices (US$/kg FOB China REO) Source:Metal Pages© Numbers have been rounded
		DZP	Q2 2010	Q4 2010	Q2 2011	Q4 2011	Q1 2012
	Light Rare Earth	Distribution	Average	Average	Average	Average	Average
	Lanthanum Oxide	19.51%	$7.13	$53.00	$138.00	$64.00	$39.00
	Cerium Oxide	36.70%	$5.58	$50.00	$138.00	$56.00	$35.00
	Praseodymium Oxide	4.05%	$30.60	$77.00	$215.00	$204.00	$157.00
	Neodymium Oxide	14.12%	$31.13	$80.00	$253.00	$235.00	$170.00
	Samarium Oxide	2.20%	$4.50	$34.00	$120.00	$92.00	$71.00
	Heavy Rare Earth
	Europium Oxide	0.07%	$521.67	$625.00	$1867.00	$3783.00	$3583.00
	Gadolinium Oxide	2.15%	$8.25	$44.00	$167.00	$135.00	$102.00
	Terbium Oxide	0.34%	$545.00	$605.00	$1767.00	$2938.00	$2617.00
	Dysprosium Oxide	2.05%	$196.67	$295.00	$983.00	$1973.00	$1333.00
	Ho,Er,Tm,Yb,Lu	2.89%
	Yttrium Oxide	15.84%	$11.42	$56.00	$158.00	$128.00	$98.00
	DZP LREE	76.68%	$12.06	$57.20	$163.00	$100.00	$68.00
	DZP YHREE	23.32%	$42.23	$78.70	$240.00	$327.00	$262.00
	DZP LREE Concentrate		$8.44	$40.00	$114.00	$70.00	$48.00
	DZP YHREE Concentrate		$29.59	$55.00	$168.00	$229.00	$183.00
	*Compiled by IMCOA*
These prices are for individual separated rare earth oxides at 99% purity, and the actual value for DZP concentrates will depend on market acceptance of the concentrate, but for this table 70% of the value has been assumed. The prices quoted above are averaged for the full quarter 17 .

These prices are for individual separated rare earth oxides at 99% purity, and the actual value for DZP concentrates will depend on market acceptance of the concentrate, but for this table 70% of the value has been assumed. The prices quoted above are averaged for the full quarter .

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Auto Applications REE Zr Nb Zirconium Small content of niobium in chassis steel can lighten vehicle by 10% ‐ fuel efficiencies; emissions minimisation Potential for solid oxide fuel cells power plant which use zirconia ceramic (+ yttrium and cerium)

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DFS Financials

	DFS Financials	DFS Financials	DFS Financials
	Definitive Feasibility Study September 2011 � Base case – 0.4Mtpa (superseded)	DUBBO ZIRCONIA PROJECT Financial Summary (A$)
	C 1 0M (b ) � urrent case – . tpa ase case � CAPEX – $893M ($751M pre‐contingency) � EBITDA – $308Mpa � IRR – 30%	Capex – Plant1 $278M $543M Infrastructure + Owners $84M $165M SUB TOTAL $362M $708M
	� NPV – $1,207M � Mine Life – initial 20 years; overall much greater	EPCM $36M $43M Contingency $72M $142M TOTAL $470M $893M
		Revenue $189M $504M Operating Costs $97M $196M EBITDA2 $92M $308M IRR3 16.8% 30.2%
		NPV4 $181M $1,207M 1. Includes acid plant 2. Annual average after ramp up 3. 20 year life pre-tax 4 20 ear life after-tax
		. y
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DZP Site Infrastructure
Solid residue
SRSF
storage facility
Liquid residue
LRSF
storage facility
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DZP Plant Layout
Zirconium and niobium
Sulphuric acid plant recovery
Office and workshops
R oas ti ng an d l eac hi ng
Rare earth recovery and refining
Solvent extraction
Crushing and grinding
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Environmental Impact
Environmental Impact Statement – key areas of focus
� Existing land use (agriculture)
� Air quality
� Noise and vibration
� Surface and ground water
� Soil stability
� Flora and fauna
� Biodiversity
� Visibility
� Rail freight movements
� Road traffic
� Aboriginal heritage
� Natural radioactivity
� EIS scheduled to be lodged
with NSW Dept of Planning
and Infrastructure in October
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Naturally Occurring Sources of Radiation

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Radiation Doses
N aturally O ccurring R adioactive M aterials
20.0mSv
(NORM) are in the ground, food and air Annual dose limit for radiation workers
1.5-2mSv Average Australian natural 6.9mSv CT Scan
background radiation annual dose
(per adult)
0.6-1.1mSv radon
1 0mSv.
Annual dose limit recommended for
0.3mSv terrestrial general public (non-natural sources)
0.3mSv cosmic radiation
0.6mSv Stomach x-ray
0.2 - 0.25mSv food
0.1mSv
0.06mSv ~24hours at Toongi Deposit
0.05mSv Return flight Perth to Brisbane
0.05mSv Chest x-ray
0.01mSv
0.005 - 0.01mSv ~24hours at Western Plains Zoo 0.01mSv Dental x-ray
A Sievert is a unit of effective dose of radiation
Millisievert = mSv
Sources: http://www.arpansa.gov.au/Publications/codes/rps9.cfm http://www.arpansa.gov.au/radiationprotection/factsheets/is_cosmic.cfm
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NORM ‐ thorium – Central West Region
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Higher
concentration
of thorium
•
Regional aero-
radiometric image of
thorium
concentration in the
Dubbo Region
•
Thorium is a
Naturally Occurring
Radioactive Material
(NORM)
Lower
concentration
of thorium
Source: GSNSW
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NORM ‐ thorium ‐ Dubbo Area
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Higher
concentration
of thorium
Lower
concentration of
thorium
Source: GSNSW
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DZP Process “NORM”

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NORM Management

Does NOT produce a mineral concentrate.
• Does NOT concentrate the uranium & thorium at the front end.
• All wastes are contained within the project site.
• Waste products are neutralised with limestone.
• Stored in the residue storage facilities at less concentration than in the primary deposit.
• The deportment and concentration of NORM within the process streams is an important consideration.
• Currently being audited by ANSTO.

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DZP Development pathway

DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway	DZP Development pathway

		‐> 2009 2010 2011 2012 2013 2014 2015 ~~�~~
		‐> 2009	2010		2011			2012	2013			2014				2015
DZP	Resource definition 2001 ‐ 2002	~~�~~
	Flow sheet development 2002	�
	Laboratory Zr – Nb 1999 – 2002	�								Con	tin	ue	d p	ro	duc	t
	Pilot plant Zr – Nb 2002	�									~~dev~~	~~elo~~	~~pm~~	~~en~~	~~t~~
	Mine Plan & Scheduling 2002	�
	Plant Design & Engineering 2002	�
	Laboratory Y & REE 2009 ‐	�		�
	Demonstration Pilot Plant 2008 ‐
	ZNbPdDiibi	�
	r – rouct struton
	Y ‐ REE Product Distribution					~~�~~	�
	Secure Offtake Agreements										~~D~~	~~ta~~	~~il c~~	~~os~~	~~s f~~	~~or~~
	Definitive Feasibility Study	2002									ex	pa	nd	ed	de	velop	ment
	Environmental Impact (EIS)	2000 ‐>
	Detailed Design
	Financing / Development Consent
	Construction

	Production

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Tomingley Gold Project
CIL Treatment Plant
Stockpile ROM Pad
Crushing
Gravity
Gold Room Screening
Milling
Leaching
Process Water
Residue Storage
29
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Location / Infrastructure / Resources

TGP located 50km south west of Dubbo on the Newell Highway
15km north of Alkane’s Peak Hill Gold Mine (467,000oz)
Resource – 12.6 Mt @ 2.0g/t (812,000oz)
Three deposits – Wyoming One; Wyoming Three; Caloma, with Caloma Two a potential resource
Exploration – significant upside
Infrastructure
water ‐ 45km pipeline
power ‐ State Grid with 20km 66Kv power line
roads ‐ primary & secondary access
Skilled local workforce
150,000 population within 120km diameter area
– no accommodation required (no fly‐in / fly‐out)

Tomingley Gold Project

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Current Project Activities

Project waiting for approval from NSW Department of Planning and Infrastructure
Review of capital and operating costs
Long lead construction items ordered (ball mill, water supply, tenders for earth works and other infrastructure)
CAPEX – A$107M
($54M plant; $30M infrastructure; $23M owners costs)
Throughput – 1.0Mtpa
Head Grade – 2.00g/t
Recoveries – 93%
Gold Production – 50 ‐ 60,000ozpa
Operating Costs – being reviewed
Life – 7.5years (targeting +10 years)
Mine method – open cut & underground
Caloma Two resource estimate
Production anticipated mid 2013

Tomingley Gold Project

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McPhillamys Gold Project (49%)

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Core drilling at McPhillamys

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McPhillamys Gold Project

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Project Highlights

Joint venture – Newmont has 51% but may go to 75% by completing a bankable feasibility study
� Resource (+0.3g/t cut) – 92Mt @ 1.0g/t gold (3.0Moz) � Resource (0.5g/t cut) – 61Mt @ 1.3g/t gold (2.6Moz) � Copper credits (<0.1%) � Min ng meti hod – open cut or ocbl k cave � Recoveries – +90% from CIL (preliminary metallurgy) � Strip ratio – low � Exploration – upside (open at depth) � McPhillamys dimensions: – Outer ore envelope 1,000m x 260m 0.1g/t Au
– Inner ore zone 600m x 200m to 450m depth
� Comparison with Barrick’s “Cowal Gold Mine”: – 64Mt @ 1.2g/t gold at start up
– 8Mtpa for ~ 250,000ozpa currently

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Exploration

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Core drilling at Bodangora
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Discoveries in 2010‐2011 � Bodangora (100%) – NSW. Glen Hollow gold‐copper: – 46m @ 0 9 . g/t gold & 0 25% . copper – 18m @ 1.7g/t gold & 0.45% copper
� Wellington (100%) – NSW. Galwadgere copper‐gold: – 2Mt @ 1.0% copper & 0.3g/t gold (with upside)
– 14m @ 0.9% copper & 1.1g/t gold‐recent deep hole
� Cudal (100%) – NSW. Bowen Park gold‐zinc: – 17m @ 1.2g/t gold & 2.9% zinc
– 4m @ 2.2g/t gold 7.0% zinc
Other Projects � Calula (100%) – NSW � Diamond Creek (100%) – NSW � Moorilda (49%) – NSW (Newmont JV) � Orange Molong (49%) – NSW (Newmont JV) � Miranda Well (21%) – WA (Xstrata JV) � McDonough (21%) – WA (Xstrata JV)

Exploration

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Outlook

Conclusion

Dubbo Zirconia Project (DZP):
Globa trateg c gnl S i Si ificance – a ong term, s gnl i ificant pro ect n tj i he z rcon um ani i d h eavy rare earth i ndustr es, i which can generate substantial cash flows

Production costs – spread across the four metal outputs which will assist to insulate the DZP from price instability in certain sectors. Four outputs:

(i) zirconium
(ii) niobium (tantalum)
(iii) light rare earths
(iv) heavy rare earths (plus yttrium)
Tom ng eyi l Gold ‐ provides cash fl ow nsurance aga nst any i i DZP d e ays anl d possible s ow own n worl d i ld growth. It also has mine life upside and provides operating expertise.
McPhillamys Gold ‐ a promising project with a global major.
Exploration ‐ a tight geographical focus in NSW with exploration success, provides further development potential.
CONCLUSION ‐ Alkane is a long term investment opportunity with a clear development strategy of multiple operations with substantial emerging cash flow, and capacity to pay dividends.

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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.

This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geosciences.

Competent Person

The information in this presentation that relates to mineral exploration, mineral resources and ore reserves is based on information compiled by Mr D I Chalmers, FAusIMM, FAIG, (director of the Company) who 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 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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Resource & Reserves: Tomingley + Peak Hill

Tomingley (TGP) – Mineral Resources

DEPOSIT MEASURED INDICATED INFERRED	TOTAL
Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage 2.5x2.5x5.0m model (t) (g/t) (t) (g/t) (t) (g/t) (t)	Grade Gold (g/t) (koz)
Wyoming One 2,316,550 2.2 890,340 2.2 3,117,350 1.7 6,324,240	1.9 392.4
Wyoming Three 642,470 2.0 63,225 2.0 102,820 1.3 808,510	1.9 49.9
Caloma 2,690,530 2.3 567,860 2.1 2,194,490 1.9 5,452,870	2.1 369.4
Total 5,649,550 2.2 1,521,420 2.1 5,414,660 1.8 12,585,630	2.0 811.7

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consultng 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 25 March 2009, 2 October 2010 and 29 March 2012.

Tomingley (TGP) – Ore Reserves

DEPOSIT	PROVED	PROBABLE	TOTAL
	Tonnage Grade	Tonnage Grade	Tonnage Grade Ounces
	(t) (g/t)	(t) (g/t)	(t) (g/t)
Wyoming One	1,700,000 1.6	200,000 1.3	1,900,000 1.6 94,500
Wyoming Three	500,000 1.6	0 0.0	500,000 1.6 28,100

Caloma	1 100 000 2 3 , , .	100 000 1 7 , .	1 200 000 2 2 86 500 , , . ,
Total	3,300,000 1.8	300,000 1.5	3,600,000 1.8 209,100

These Ore Reserves are based upon information compiled under the guidance of Mr Dean Basile MAusIMM (Mining One 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. The Reserves and Resources are estimated at an effective A$1,540 per ounce gold price. Dean Basile consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Peak Hill – Mineral Resources

DEPOSIT 0.5g/t gold cut off	MEASURED Tonnage Grade (t) (g/t)	INDICATED Tonnage Grade (t) (g/t)	INFERRED Tonnage Grade (t) (g/t)	TOTAL Tonnage Grade k Ounces (t) (g/t)
Proprietary		9,440,000 1.35	1,830,000 0.98	11,270,000 1.29 467.4
3.0g/t gold cut off	Tonnage Grade (t) (g/t)	Tonnage Grade (t) (g/t)	Tonnage Grade (t) (g/t)	Tonnage Grade k Ounces (t) (g/t)
Proprietary P			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.

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Resource & Reserves: Dubbo + Galwadgere

Dubbo Zirconia Project – Mineral Resources

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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|

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Dubbo Zirconia Project – Ore Reserves

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|---|---|---|---|---|---|---|---|
|Toongi|Tonnage|ZrO2|HfO2|Nb2O5|Ta2O5|Y2O3|REO|
|Deposit|(Mt)|(%)|(%)|(%)|(%)|(%)|(%)|
|Proved|8.07|1.91|0.04|0.46|0.03|0.14|0.75|
|Probable|27.86|1.93|0.04|0.46|0.03|0.14|0.74|
|Total|35.93|1.93|0.04|0.46|0.03|0.14|0.74|

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These O re Reserves are based upon in ormation compiled by Mr Terry Ransted MAusIMM f ( Alkane C hie f G eologist ) who is a competent person as de ined in the f 200 4 Edition o f the Australasian C ode f or Reporting o f Exploration Results, Mineral Resources and Ore Reserves. The reserves were calculated at a1.5% combined ZrO2+Nb2O5+Y2O3+REO cut off using costs and revenues defined in the notes in ASX Announcement of16 November 2011. 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.

Wellington – Galwadgere – Mineral Resources

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||||||||
|---|---|---|---|---|---|---|
|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|

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McPhillamys Resource Statement

Moorilda – McPhillamys – Mineral Resources

DEPOSIT	INDICATED	INFERRED	TOTAL	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
I O Z nner re one	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
Total	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	INDICATED	INFERRED	TOTAL	TOTAL
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

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consulting 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 were given in the ASX Announcement 5 July 2010. Totals may not tally due to rounding.0

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AI assistant

Alkane Resources — AGM Information 2012

48579_rns_2012-05-22_b7254b9c-bb9c-4c89-b1a1-cf2f3beb0632.pdf

PRESENTATION

ANNUAL GENERAL MEETING May 2012

Equity

Equity & Ownership

Ownership

Location and Business Strategy

Location

Board & Management

Senior Management

Board

Communications / Investor Relations / Media

Project Locations

Emerging Producers

Advanced Exploration

Dubbo Zirconia Project

Rare Metals – Rare Earths

Rare Metals ‐ Rare Earths

…not so rare, but increasingly valuable

DZP Location & Infrastructure

Resources & Reserves

Resources & Reserves

Marketing

Off‐take

Zirconium

Rare Earth Elements

DFS Financials

DZP Process “NORM”

NORM Management

DZP Development pathway

Tomingley Gold Project

Current Project Activities

Tomingley Gold Project

McPhillamys Gold Project

Project Highlights

Exploration

Outlook

Conclusion

Disclaimer

Disclaimer

Competent Person

Resource & Reserves: Tomingley + Peak Hill

Tomingley (TGP) – Mineral Resources

Tomingley (TGP) – Ore Reserves

Peak Hill – Mineral Resources

Resource & Reserves: Dubbo + Galwadgere

Dubbo Zirconia Project – Mineral Resources

Dubbo Zirconia Project – Ore Reserves

Wellington – Galwadgere – Mineral Resources

McPhillamys Resource Statement

Moorilda – McPhillamys – Mineral Resources

More from Alkane Resources

Alkane Resources AGM Information 2012