Alkane Resources — Director's Dealing 2020

Jul 20, 2020

==> picture [115 x 53] intentionally omitted <==

ALKAN E RESOURCES L TD A B N 3 5 0 0 0 6 8 9 2 1 6

21 July 2020

Company Announcement Office Australian Securities Exchange Level 6, 20 Bridge Street SYDNEY NSW 2000

By Electronic Lodgement

Dear Sir/Madam

Change of Director’s Interest Notices – Mr I Gandel and Mr N Earner ASIC Form 604 – Mr I Gandel

I attach an Appendix 3Y for Mr Ian Gandel and Mr Nic Earner relating to changes in the relevant interests in the Company’s securities held by each of them.

Mr Earner was recently issued with Alkane shares in accordance with the Company’s Long Term Incentive Plan. The trading conducted by Mr Earner was to assist with managing his personal tax commitments that crystalized upon the issue of the shares.

Also attached is Form 604 ‘Notice of change of interests of substantial holder’ for Mr Gandel.

Further details are provided in the attached documents.

For the purposes of ASX Listing Rule 15.5, Alkane confirms this document is authorised for release to the market by the Company Secretary.

Yours faithfully

Dennis Wilkins Company Secretary ALKANE RESOURCES LIMITED

Ground Floor, 89 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 mail@alkane.com.au

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/01. Amended 01/01/11

Name of entity Alkane Resources Ltd ABN 35 000 689 216

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ian Jeffrey GANDEL
Date of last notice	14 January 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Indirect interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	a) Abbotsleigh Pty Ltd – a company in which the Director is a director and shareholder b) Citicorp Nominees Pty Ltd – custodian nominee holding for and on behalf of Abbotsleigh Pty Ltd
Date of change	16-20 July 2020
No. of securities held prior to change	a) 127,921,143 ALK b) 8,100,000 ALK
Class	Ordinary fully paid shares ALK
Number acquired	a) 11,371,363 ALK
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) $1.21 per share (average price)
No. of securities held after change	a) 139,292,506 ALK b) 8,100,000 ALK
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	On-market trades.

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the Not applicable trade to proceed during this period? If prior written clearance was provided, on what date was Not applicable this provided?

• See chapter 19 for defined terms.

01/01/2011 - Appendix 3Y

Page 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/01. Amended 01/01/11

Name of entity Alkane Resources Ltd ABN 35 000 689 216

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Nicholas Paul EARNER
Date of last notice	16 July 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Direct or indirect interest	Direct Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	17 July 2020
No. of securities held prior to change	i) 8,627,496 ALK ii) 1,622,252 LTI FY2020 performance rights
Class	i) Ordinary fully paid shares ALK ii) Performance rights subject to financial year 2020 long term incentive program (LTI FY2020)
Number acquired	Nil
Number disposed	i) 5,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$1.22 per share
No. of securities held after change	i) 3,627,496 ALK ii) 1,622,252 LTI FY2020 performance rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation inbuy-back	On-market trade

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 - Appendix 3Y

Page 2

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Alkane Resources Limited ACN/ARSN ABN 35 000 689 216

1. Details of substantial holder[(1)]

Name Ian Jeffrey Gandel ACN/ARSN

There was a change in the interests of the substantial holder on 17/07/2020 The previous notice was given to the company on 14/01/2020 The previous notice was dated 14/01/2020

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3)

in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice	Present notice	Present notice
		Person's votes	Voting power(5)	Person's votes		Voting power(5)
OrdinaryShares		136,021,143	23.451%	147,392,506		24.762%
3.Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associa in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of Change	Person whose relevant interest changed	Nature of Change (6)	Consideration given in relation to change (7)		Class and number of securities affected		Person’s votes affected
16/07/20	Abbotsleigh Proprietary Limited	On-market trade	$2,463,325		2,084,384 Ord Shares		Abbotsleigh Proprietary Limited
17/07/20	Abbotsleigh Proprietary Limited	On-market trade	$10,121,751		8,323,124 Ord Shares		Abbotsleigh Superannuation Fund
20/07/20	Abbotsleigh Proprietary Limited	On-market trade	$1,173,783		963,855 Ord Shares		Abbotsleigh Proprietary Limited

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holders relevant interest	Registered holder of securities	Person entitled to be registered asholder(8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
Abbotsleigh Proprietary Limited	Abbotsleigh Proprietary Limited	Abbotsleigh Proprietary Limited		131,184,324 – Ord Shares	22.039%
Abbotsleigh Proprietary Limited	Citicorp Nominees Pty Ltd	Abbotsleigh Proprietary Limited		8,100,000 – Ord Shares	1.361%
Abbotsleigh Proprietary Limited	Abbotsleigh Proprietary Limited	Abbotsleigh Superannuation Fund		8,108,182 – Ord Shares	1.362%
			TOTAL	147,392,506	24.762%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Ian JeffreyGandel	Suite 3,51-55 CityRoad,Southbank,VIC,3006
Abbotsleigh ProprietaryLimited	Suite 3,51-55 CityRoad,Southbank,VIC,3006
CiticorpNominees PtyLtd	GPO Box 764G Melbourne,VIC,3001

Signature Print Name Ian Gandel Capacity Individual Sign Here Date 21/07/2020

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.