Alkane Resources — AGM Information 2024

Nov 25, 2024

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Annual General Meeting

Nic Earner Managing Director

26 November 2024

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Disclaimer

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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 or 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.

Alkane Resources Ltd cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this presentation will occur and investors are cautioned not to place any reliance on these forward-looking statements. Alkane Resources Ltd does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where required by applicable law and stock exchange listing requirements. 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 countries’ 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.

Previously reported information

The information in this presentation that relates to the combined mineral resources and ore reserves is drawn from the Company’s ASX announcement dated 13 September 2023, 27 February 2024. Exploration results are extracted from the Company’s ASX announcements noted in the text of the document and are available to view on the Company’s website. The information relating to the Tomingley Five Year Plan is drawn from the Company’s ASX Announcement dated 24 June 2024. The information relating to the Boda-Kaiser Scoping Study is drawn from the Company’s ASX Announcement dated 10 July 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement(s); in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed; and that the form and context in which the Competent Person’s findings are presented have not been materially altered.

Competent person

Unless otherwise advised above or in the Announcements referenced, the information in this presentation that relates to exploration results, 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 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Chalmers consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

Company Snapshot

Tomingley Boda-Kaiser (20Mtpa) FY25: A$1.78B pre-production capital 70K-80K oz Au $2,400-$2,600 AISC Cu t 35,600 From FY27: Au oz 159,300 100K+ oz Au (pa) (pa for first 5yrs) $1,900-$2,100 AISC A$6.7B A$2.4B ~$115M free NPV (7%) cashflow capital for growth (pre-tax) Au @ A$4,000/oz over next 18 months 17yr+ mine life

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• Tomingley 5yr plan (24 Jun 2024) - alkane.com.au/tomingley-five-year-plan

• ** Boda-Kaiser Scoping Study (10 July 2024) - alkane.com.au/boda-kaiser-scoping-study

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Hi ghlights from the last year

Increased Roswell Reserve

Commenced stope ore production at Roswell

Efficiency measures at Roswell implemented including new equipment, ore pass, UG crib, UG workshop and UG fuelling

RSF2 built and operational

Constructed the paste plant, constructed and commissioned the flotation and fine grind circuit

Moved to Indicated Resources at Boda Kaiser

Completed Scoping Study for Boda Kaiser including metallurgical testing and plant engineering

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Capital Structure

Ordinary Shares	603 million
Share Price (25 November 2024)	A$0.51
Market Capitalisation	A$308M
12 Month low/high	A$0.38/0.74
Cash and Gold Bullion (30 September 2024)	~A$51M
Interest Bearing Debt Drawn (30 September 2024)	~A$65M
Total Liquidity (30 September 2024)	~A$67M
Enterprise Value	~A$322M
Average Daily Turnover (6 Months)	~A$0.7M/day

Share Register Profile (Sep 2024)

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5%
13%
Domestic Institutions
Foreign Institutions
20%
Directors and Management
Retail & Other
62%
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Broker Coverage

Share Price 2024

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HEDGING PUT OPTIONS DELIVERY Dec 2024 to 81,700 oz 132,180 oz at A$2,842 at A$3,000 Jun 2027

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Tomingley

Tomingley Operation

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~$115M capital for growth over next 18 mths

FY25-29: oz Au 455,000-505,000 $1,900-$2,100 AISC

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Mine life to 2030+

1.5M oz Au in resource

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Capital Project Timing

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Construction complete Commissioning complete
2024 2025 2025 2025 2025 2026 2026
Q4 Q1 Q2 Q3 Q4 Q1 Q2
Paste Plant
Flotation & Regrind
Open Cut Infrastructure
Open Cut Mining
Newell Highway
Kyalite Road
Process Plant Throughput
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2024-2026: A Transformational Period

Quarter ending:	Sep-24	Dec-24	Mar-25	Jun-25	Sep-25	Dec-25	Mar-26	Jun-26
Production Range(ozAu)	18,418	17,000–19,500	17,500–20,000	19,000–21,500	20,000–22,500	21,000–23,500	21,000–23,500	23,000–25,500
Milled Tonnes(kt)	264,370	260–290	260–290	260–290	260–290	260–290	350–400	350–400
Head Grade(g/t Au)	2.44	2.1–2.3	2.1–2.3	2.5–2.7	2.5–2.7	2.6–2.8	2.2–2.4	2.2–2.4
Recovery%	84.8	82–87	88-93	90–94	90–94	90–94	90–94	90–94
Sustaining Capital(A$m)*	8.5	27–32			15–20
Expected AISC(A$/ozAu)	2,182	2,400–2,600			1,800–2,000
Growth Capital(A$m)**	14	60–65			55–60

• Includes UG development capital

• **Excluding mining equipment purchase and financing

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~20% increase Production

~5% increase Head Grade

~10% increase Recovery

~33% decrease ~25% decrease Sustaining & Growth AISC Capital

Roswell Underground

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Levels (looking west) 955 855 740

New Underground Equipment

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Paste Plant
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Road Network

Flotation & Fine Grind Circuit

Production Beyond Current Plan

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Tomingley
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• Mining has project approval to 2032, this can be extended on application

• Open cut reserves exist at San Antonio and Roswell

• beyond current five-year plan

• Resources are open at depth under Roswell, San Antonio and both Caloma pits; drilling ongoing

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Production
Drive ~2.5km
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• Decision on which ore sources have best financial returns to be made in three to five years’ time

• Regional exploration continues

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Roswell
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Boda-Kaiser

Geology & Resource

• ~15M oz Au eq. in resource

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ALKANE RESOURCES | ASX:ALK 35

Au @ A$4,000/oz Summary Scoping Study Metrics

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20 Mtpa 17+ years Throughout (2 x 10 Mtpa) Life of Mine

A$1.8B Capex (pre-production)

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35,611 tpa 159,334 oz pa Copper (first 5 years) Gold (first 5 years)

A$630.4 / oz AISC (with copper by-product credit)

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A$5.1B A$2.4B 10-Year Free Cashflow (pre-tax) NPV (7%)

29% IRR

ALKANE RESOURCES | ASX:ALK 36

For more detail refer to the Boda-Kaiser Scoping Study (10 July 2024) - alkane.com.au/boda-kaiser-scoping-study

Boda-Kaiser

• Regional exploration opportunities (~$5m pa)

• Environmental studies commenced

• Further studies to reduce mining costs and assess potential for bulk-tonnage, underground mining

• ~15M oz Au eq. in resource

• Engaging with potential partners

ALKANE RESOURCES | ASX:ALK 37

Looking Ahead

Commission the paste plant and incorporate into the mining sequence

Optimise the flotation and fine grind circuit together with ore throughput

Expand the Tomingley resource base through near mine and regional exploration

Finalise solar plant construction and supply agreement for Tomingley

Evaluate and pursue inorganic growth opportunities

Continue Boda Kaiser environmental data collection and studies

Continue regional exploration whilst evaluating partnering opportunities for Boda

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Company Summary

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Tomingley

Substantial cash and increase gold production to 100,000 oz Au (pa)

~$115M capital for growth over next 18 months

Alkane

3 major projects approved in last 12 years

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Boda-Kaiser

tonnes Cu 35,600

oz Au 159,300 (pa for first 5yrs)

<4-year payback

Environmental studies continuing

Engaging with potential partners

Stock presents value opportunity for shareholders

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@alkaneresources alkane-resources-ltd alkane.com.au

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Board and Management

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Ian Gandel

Non-Executive Chairman

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Dennis Wilkins

Joint Company Secretary

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Nic Earner

Managing Director

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Simon Parsons

Executive General Manager, Operations

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Ian Chalmers

Technical Director

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Rod Griffith

General Manager, Operations

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Gavin Smith

Non-Executive Director

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Mike Sutherland

General Manager, NSW

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Anthony Lethlean

Non-Executive Director

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Brendan Ward

General Manager, Legal & Commercial

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James Carter

CFO

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David Meates

Exploration Manager, NSW

ALKANE RESOURCES | ASX:ALK 41

Successful Explorers

• Alkane draws on its extensive experience to create value through mineral resource discoveries

• Long term well-resourced team

• Comprehensive databases

• Detailed regional knowledge

• Successful at developing its discoveries and will also transact or joint venture for value

• At Tomingley, regional programs seek to add further mine life, in context of approval times

• On discovery, Alkane first increases knowledge and then increase drill density to produce a resource to de-risk projects

• Continue to be very cost effective in discovery to development

• San Antonio / Roswell cost <$20 per resource ounce

• Boda / Kaiser cost <$4 per resource ounce (equivalent)

ALKANE RESOURCES | ASX:ALK 42

Tomingley Resources

TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)

TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS MINERAL RESOURCES (at 30 June 2024)
	MEASURED		INDIC	ATED	INF	ERRED	TOT	AL	Total Gold
DEPOSIT	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(kt)	(g/t Au)	(kt)	(g/t Au)	(kt)	(g/t Au)	(kt)	(g/t Au)	(koz)
Open Pittable Re	sources (cut-off 0.40g/t Au)
Caloma One	0	0.0	0	0.0	0	0.0	0	0.0	0
Sub Total	0	0.0	0	0.0	0	0.0	0	0.0	0
Underground Re	sources (cut-off 1.3g/t		Au)
Wyoming One	1013	2.7	763	2.2	108	2.1	1,884	2.5	149
Wyoming Three	46	2.2	24	2.0	20	1.9	90	2.1	6
Caloma One	602	2.2	916	2.0	469	2.0	1,987	2.1	132
Caloma Two	351	2.4	1261	2.4	462	1.8	2,074	2.3	153
Sub Total	2,012	2.5	2,964	2.2	1,059	1.9	6,035	2.3	444
TOTAL	2,012	2.5	2,964	2.2	1,059	2.1	6,035	2.3	441

TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES (at 30 June 2024)

TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)	TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES(at 30 June 2024)
							TOTAL		Total Gold
	MEASURED		INDICATED		INF	ERRED
DEPOSIT	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(kt)	(g/t Au)		(g/t		(g/t		(g/t Au)	(koz)
			(kt)	Au)	(kt)	Au)	(kt)
Open Cut Resources (cut-off 0.4g/t Au Roswell and 0.5g/t Au San Antonio)
Roswell			3,900	1.7	0	0.0	3,900	1.7	213
San Antonio			5,930	1.8	1,389	1.3	7,319	1.7	406
Sub Total	0	0.0	9,830	1.8	1,389	1.3	11,219	1.7	619
Underground Resources (cut-off 1.3 g/t Au and 1.3g/t Au McLeans)
Roswell	825	3.0	3,123	2.8	1,957	2.5	5,905	2.7	517
McLeans			0	0.0	870	2.5	870	2.5	70
Sub Total	825	3.0	3,123	2.8	2,827	2.5	6,775	2.7	587
TOTAL	825	3.0	12,953	2.0	4,216	2.1	17,994	2.1	1,206

**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **	**TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES(at 30 June 2024) **
	PROVED		PROBAB	LE		TOTAL
DEPOSIT							Gold
	Tonnage	Grade	Tonnage	Grade	Tonnage	Grade
	(kt)	(g/t Au)	(kt)	(g/t Au)	(kt)	(g/t Au)	(koz)
Open Pittable Reserves
	(cut-off 0.40g/t Au)
Roswell	0	0.0	3,900	1.7	3,900	1.7	213
San Antonio	0	0.0	4,100	1.6	4,100	1.6	214
Sub Total	0		8,000	1.6	8,000	1.6	427
Underground Reserves	(cut-off 1.6g/t Au)
Roswell	881	2.4	2,202	2.4	3,082	2.4	236
San Antonio*	0	0.0	0	0.0	0	0.0	0
Sub Total	881	2.4	2,202	2.6	3,082	2.5	236
TOTAL	881	2.4	10,202	1.8	11,082	1.9	663

• San Antonio UG Reserves not determined at this time

TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)	TOMINGLEY GOLD OPERATIONS ORE RESERVES (at 30 June 2024)
	PROVED				PROBABLE				TOTAL
DEPOSIT	Tonnage		Grade		Tonnage		Grade		Tonnage		Grade		Gold
	(kt)		(g/t Au)		(kt)		(g/t Au)		(kt)		(g/t Au)		(koz)
Open Pittable Reserves(cut-off 040g/t Au)
. Stockpiles 241 1.1 0 0 241 1.1 9
Sub Total	241		1.1		0		0.0		241		1.1		9
Underground Reserves(cut-off 1.3g/t Au)
Wyoming One	87		1.9		105		1.7		192		1.8		11
Caloma One	86		1.8		105		1.8		190		1.8		11
Caloma Two	48		1.8		3		1.2		50		1.8		3
Sub Total	220		1.8		213		1.8		433		1.8		25
TOTAL	461		1.5		213		1.8		674		1.6		34
PEAK HILL GOLD PROJECT MINERAL RESOURCES (30 June 2024)
Deposit				Cut-Off		Tonnes (Mt)		Gold				Copper Metal (%)
										Gold Metal
		Resource C
								Grade g/t		(Koz)
		ategory
Proprietary U/G		Inferred		2g/t Au		1.02		3.29		108		0.15
TOTAL						1.02						0.15
								3.29		108

ALKANE RESOURCES | ASX:ALK 43

Boda-Kaiser Resource

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Total Boda-Kaiser Grade-Tonnage Curve

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ALKANE RESOURCES | ASX:ALK 44

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Exploration Presentation: FY24 AGM Ian Chalmers Technical Director

26 November 2024

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© 2024 Alkane Resources
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Disclaimer

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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 or 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.

Alkane Resources Ltd cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this presentation will occur and investors are cautioned not to place any reliance on these forward-looking statements. Alkane Resources Ltd does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where required by applicable law and stock exchange listing requirements.

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 countries’ 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

Unless otherwise advised above or in the Announcements referenced, the information in this presentation that relates to exploration results, mineral resources and ore reserves is based on information compiled by Mr Ian Chalmers, FAusIMM,FAIG, (Alkane Technical Director) 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 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Chalmers consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

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Previously reported information

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This document includes information that relates to previously reported results which were prepared in accordance with the requirements of the JORC Code (2012). This information was included in Alkane’s previous ASX announcements as follows:

• *1 Annual Resources and Reserves Statement FY24 - 4 September 2024

• *2 Tomingley Regional Exploration Update - 7 October 2024

• *3 Near Mine Exploration at Tomingley Delivers Significant Intercepts - 16 September 2021

• *4 Revised Kaiser Resource Estimate improves confidence and Grade of Resource Base at Boda District - 29 April 2024

• *5 Boda-Kaiser Scoping Study - 10 July 2024

• *6 NMPP Regional Update. Potential For New Au-Cu Porphyry Deposits Demonstrated - 21 June 2024

• *7 Acquisition of Exploration Tenements in NSW Completed with Initial Tenement Review - 30 May 2023

• *8 Large Cu-Zn-Pb-Ag Targets Confirmed at the Rockley Project - 8 August 2024

• *9 High Grade Zones Intersected at Boda by Revised Drilling Orientation - 18 December 2020

• *10 Continuity of High Grade Gold-Copper Breccia Intersected at Boda - 3 May 2021

• *11 Mineralised system Continues to Grow at boda - 22 October 2021

• *12 Significant High Grade Gold-Copper Mineralisation Intersected at Boda - 23 March 2020

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement(s); in the case of estimates of mineral resources or ore reserves, estimates are based on and fairly represents information and supporting documentation that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed; and that the form and context in which the Competent Person’s findings are presented have not been materially altered.

FY24 Exploration Summary

Tomingley Gold Project:

• 68,155m of underground grade control and resource expansion drilling at TGO. Inclusive of mining depletion, Resources and Reserves were lifted around 10%.[(*1)]

• Exploration drilling completed at El Paso and Plains near-mine targets. Airborne gravity survey for structural/lithological definition.[(*2)]

• Technical study at Peak Hill supports possible porphyry source at depth.

Northern Molong Porphyry Project:

• 55,100m of RC and Core drilling for resource classification and upgrade completed at Boda and Kaiser.[(*4)]

• Airborne gravity survey for regional target definition, and limited Aircore-RC-Core drilling tested several regional targets.[(*6)]

• Potential development Scoping Study delivered positive results.[(*5)]

Several promising targets identified within the South Junee Porphyry Project following data review and gravity survey.[(*7)]

Encouraging Au-Cu-Pb-Zn results from reconnaissance drilling at Apsley (Rockley Project).[(*8)]

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Tomingley Gold Project

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Tomingley Gold Operations

Total (M, I & I) Mineral Resources:

24.24Mt grading 2.16g/t Au (1,682,000oz)[(*1)]

Total (P &P) Ore Reserves:

11.76Mt grading 1.9g/t Au (705,000oz)[(*1)]

Regional Targets:

Gravity, Mag, Seismic, ANT, Drilling programs.[ (*2)]

El Paso: RC and core drilling (800m strike) EPP043 16m @ 2.69g/t Au incl 6m @ 6.14g/t Au.[(*3)] EPP049 9m @ 2.30g/t Au

EPD004 13m @ 1.79g/t Au incl 1.55m @ 9.95g/t Au EPD013 12m @ 1.50g/t Au incl 4m @ 2.55g/t Au

Plains: RC drilling (500m strike)[(*3)]

RWRC465 10m @ 1.59g/t Au incl 3m @ 4.18g/t Au RWRC482 6m @ 1.31g/t Au

Tomingley Two: RC and core drilling (800m strike) TORC005 11m @ 1.70g/t Au incl 4m @ 3.87g/t Au[(*3)]

Only 30% of the 20km corridor from Tomingley Two to Peak Hill has been explored in any detail. Another 30km south of Peak Hill.

ALKANE RESOURCES | ASX:ALK 49

Tomingley – Resource and Reserve Expansion

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San Antonio ‘Deeps’ drilling commenced

Roswell down dip and north plunge extensions

Mcleans UG reserve drilling

Review of historic Myalls mining and drilling (70koz production)

Continued UG reserve drilling at Wyoming and Caloma, following mineralisation along strike and down dip.

ALKANE RESOURCES | ASX:ALK 50

TGO Underground Development

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Resource blocks with grade and underground development Resource Target

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ALKANE RESOURCES | ASX:ALK 51

Northern Molong Porphyry Project

Regional Geology

• Regional airborne gravity survey confirmed that the volcanic sequence has been intruded by a number of monzonitic to dioritic complexes. As elsewhere in the belt, these intrusives are the cause of the extensive alteration and mineralisation.

• The central part of the project is dominated by the Comobella Intrusive Complex (CIC), a 10 by 7km body with several peripheral mineralised targets (Driell Creek, Glen Hollow and Haddington) which have only been sporadically drilled.

• Boda, Boda South and Kaiser form a linear fault bounded belt of intrusive complexes over 5km and are the hosts of the currently defined resources.

• Limited work has been completed on the satellite Windora, Murga and Tompkins complexes.

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ALKANE RESOURCES | ASX:ALK 52
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Boda-Kaiser Geology

• Alkane has completed over 240,000 metres of drilling within the NMPP since 2019.

• Drilling has defined more than 3km of continuous calcpotassic alteration with Au-Cu mineralisation from Kaiser to Boda 2-3, up to 700m width.

• Potassic pyrite zone (gold rich) occurs on the east and northeast flanks of the calc-potassic core.

• Phyllic alteration overprints the northeast shoulder of Boda.

• Imbricated west dipping thrusts dislocate the porphyry district.

• Late NE faulting further dislocates.

ALKANE RESOURCES | ASX:ALK 53

Boda Geology and Mineralisation

Selected Intercepts in Section[(*9, 10 and 11)]

KSDD028 832m grading 0.38g/t Au, 0.17% Cu from 256m incl 266m grading 0.66g/t Au, 0.36% Cu from 764m incl 65m grading 1.98g/t Au, 1.13% Cu from 799m incl 25m grading 4.43g/t Au, 2.59% Cu from 838m KSDD031 383.2m grading 0.80g/t Au, 0.31% Cu from 775m and 204m grading 1.40g/t Au, 0.51% Cu from 776m incl 101m grading 2.47g/t Au, 0.83% Cu from 824m incl 70m grading 3.04g/t Au, 0.92% Cu from 829m

KSDD040 155m grading 0.26g/t Au from 110m and 848m grading 0.29g/t Au, 0.17% Cu from 337m incl 103m grading 0.77g/t Au, 0.41% Cu from 671m incl 19m grading 1.36g/t Au, 0.51% Cu from 701m also 14m grading 1.42g/t Au, 1.03% Cu from 753m

KSRC043 31m grading 2.94g/t Au, 0.97% Cu from surface incl 9m grading 9.43g/t Au, 2.65% Cu, 8g/t Ag from surface

Selected Intercepts in 45° Section (discovery)

KSDD007[(*12)] 1,167m @ 0.55g/t gold, 0.25% copper from 75m incl 512m @ 1.00g/t gold, 0.44% copper from 688m incl 376m @ 1.30g/t gold, 0.56% copper from 768m incl 96.8m @ 3.97g/t gold, 1.52% copper from 768m

Mineralisation dominantly pyrite, chalcopyrite and bornite

ALKANE RESOURCES | ASX:ALK 54

Boda-Kaiser Indicated and Inferred Resources[(*4)]

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ASX Release 14 December 2023 & 29 April 2024. The equivalent calculation formula is AuEq(g/t) = Au(g/t) + Cu%/10031.1035*copper price

($/t)/gold price($/oz). 12-month average metal prices were used of US$1,950/oz gold and US$8,600/t copper, and A$:US$0.67. Recoveries are estimated at 87% for Cu and 81% for Au for Boda, and at 81% Cu and 71% Au for Kaiser from metallurgical studies.

ALKANE RESOURCES | ASX:ALK 55

Boda 2-3 Deposit and High Grade Target

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• Boda 2-3 is classified as 10% Indicated and 90% Inferred

• BOD159 (6) intercepted a chalcopyrite-cemented breccia of 65.5m @ 1.22g/t Au, 0.41% Cu from 1154.5m including 15.6m @ 4.37g/t Au, 1.31% Cu* and is positioned outside the Boda MRE. Earlier BOD094 returned a similar intercept.

• 3 major imbricate reverse faults dislocate the deposit thrusting deeper parts of the system over shallow and more preserved sections to the east.

• Core drilling is scheduled for later 2024 to test this zone up-dip and along strike.

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ALKANE RESOURCES | ASX:ALK 56
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NMPP District Exploration

Porphyry clusters at all (alteration) levels[(*6)]

Haddington

4022RA138 - 2m @ 2.9g/t Au, 0.51% Cu from 4m

NKRC3 - 18m @ 0.95g/t Au, 0.15% Cu from 64m, incl 2m @ 5.7g/t Au, 0.44% Cu

Glen Hollow

COMRC009 - 45m grading 0.87g/t Au, 0.24% Cu from 60m including 21m grading 1.51g/t Au, 0.41% Cu from 84m.

Driell Creek

• DRC004 - 130m grading 0.25g/t Au, 0.11% Cu from 174m to end of hole. DRC010 - 47.7m grading 0.12g/t Au, 0.15% Cu from 279.3m incl 7m grading 0.34g/t Au, 0.26% Cu from 320m and 2m grading 0.12g/t Au, 0.19% Cu from 333m and 54m grading 0.17g/t Au, 0.04% Cu from 463m and 5m grading 0.16g/t Au, 0.11% Cu from 539m

Follow up AC, RC and DD to commence before end of 2024

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ALKANE RESOURCES | ASX:ALK 57

South Junee Porphyry Project

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Acquired by Alkane in May 2023.

Work completed by Alkane includes review of magnetic, gravity and lithgeochem data from recon drilling.

New airborne gravity survey to assist target definition.

Existing drill results include:[(*7)]

Imola

CBD01 110m @ 0.64g/t Au, 0.01% Cu from 139m incl 6m @ 1.74g/t Au, 0.01% Cu from 141m also 34m @ 1.14g/t Au, 0.01% Cu from 197m CBD17 16m @ 1.71g/t Au, 0.04% Cu from 276m incl 3m @ 6.80g/t Au, 0.04% Cu from 289m

Silverstone and Catalunya

CBD08 74m @ 0.15% Cu, 0.02g/t Au from 226m incl 6m @ 0.39% Cu, 0.03g/t Au from 226m also 3m @ 0.71% cu, 0.08g/t Au from 297m CBD09 50m @ 0.15% Cu, 0.04g/t Au from 282m incl 9m @ 0.35% Cu, 0.05g/t Au from 323m

ALKANE RESOURCES | ASX:ALK 58

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@alkaneresources alkane-resources-ltd alkane.com.au

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Tomingley Resources and Reserves (FY24)

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TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION MINERAL RESOURCES (as at 30 June 2024)
	MEASURED		INDICATED		INFERRED		TOTAL		Total Gold
DEPOSIT	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)
									(Koz)
Open Pittable Resources (cut off 0.40g/t Au)
Caloma One	0	0.0	0	0.0	0	0.0	0	0.0	0
Sub Total	0	0.0	0	0.0	0	0.0	0	0.0	0
Underground Resources (cut off 1.3g/t Au)
Wyoming One	1013	2.7	763	2.2	108	2.1	1,884	2.5	149
Wyoming Three	46	2.2	24	2.0	20	1.9	90	2.1	6
Caloma One	602	2.2	916	2.0	469	2.0	1,987	2.1	132
Caloma Two	351	2.4	1261	2.4	462	1.8	2,074	2.3	153
Sub Total	2,012	2.5	2,964	2.2	1,059	1.9	6,035	2.3	441
TOTAL	2,012	2.5	2,964	2.2	1,059	1.9	6,035	2.3	441
TOMINGLEY GOLD EXTENSION PROJECT MINERAL RESOURCES (as at 30 June 2024)
	MEASURED		INDICATED		INFERRED		TOTAL		Total Gold
DEPOSIT	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	(Koz)
Total Resources(cut off 0.4g/t Au Roswell and 0.5g/t Au San Antonio)
Roswell			3,900	1.7	0	0.0	3,900	1.7	213
San Antonio			5,930	1.8	1,389	1.3	7,319	1.7	406
Sub Total	0	0.0	9,830	1.8	1,389	1.3	11,219	1.7	619
Underground Resources (cut off 1.3 g/t Au and 1.3g/t Au McLeans)
Roswell	825	3.0	3,123	2.8	1,957	2.5	5,905	2.7	517
McLeans			0	0.0	870	2.5	870	2.5	70
Sub Total	825	3.0	3,123	2.8	2,827	2.5	6,775	2.7	587
TOTAL	825	3.0	12,953	2.0	4,216	2.1	17,994	2.1	1,206

TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)	TOMINGLEY GOLD OPERATION ORE RESERVES (as at 30 June 2024)
	PROVED		PROBABLE		TOTAL		Total Gold
DEPOSIT	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	(Koz)
Open Pittable Reserves (cut off 0.40g/t Au)
Stockpiles	241	1.1	0	0	241	1.1	9
Sub Total	241	1.1	0	0.0	241	1.1	9
Underground Reserves (cut off 1.3g/t Au)
WyomingOne	87	1.9	105	1.7	192	1.8	11
Caloma One	86	1.8	105	1.8	190	1.8	11
Caloma Two	48	1.8	3	1.2	50	1.8	3
Sub Total	220	1.8	213	1.8	433	1.8	25
TOTAL	461	1.5	213	1.8	674	1.6	34
TOMINGLEY GOLD EXTENSION PROJECT ORE RESERVES (as at 30 June 2024)
	PROVED		PROBABLE		TOTAL		Total Gold
DEPOSIT	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	Tonnage (Kt)	Grade (g/t Au)	(Koz)
Open Pittable Reserves (cut off 0.40g/t Au)
Roswell	0	0.0	3,900	1.7	3,900	1.7	213
San Antonio	0	0.0	4,100	1.6	4,100	1.6	214
Sub Total	0		8,000	1.6	8,000	1.6	427
Underground Reserves (cut off 1.6g/t Au)
Roswell	881	2.4	2,202	2.4	3,082	2.4	236
San Antonio*	0	0.0	0	0.0	0	0.0	0
Sub Total	881	2.4	2,202	2.4	3,082	2.4	236
TOTAL	881	2.4	10,202	1.8	11,082	1.9	663

ALKANE RESOURCES | ASX:ALK 60

*San Antonio Reserves not determined at this time.

Peak Hill – Lithogeochemical Study

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Super heated fluids and gases rise through fractures from intruding magma, react with wall rocks and cool. Resultant minerals highlight fluid outflow areas and vector to porphyry source.

ALKANE RESOURCES | ASX:ALK 61

Boda – Kaiser Ounces per Vertical Metre

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Boda Kaiser Combined MRE 2024 AuEq (g/t) Vertical Profile

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DEG Hemi Gold Project Mineral Resource Estimate 2024 ASX 14 Nov 2024

ALKANE RESOURCES | ASX:ALK 62