Alkane Resources — Director's Dealing 2022

Sep 8, 2022

ASX and MEDIA RELEASE

9 September 2022

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Vesting of Employee Performance Rights

Alkane Resources Limited (ASX: ALK) ( Alkane or the Company ) advises that the vesting conditions associated with the short term incentive restricted performance rights FY2021 have been satisfied. Consequently, the Company has issued 495,840 fully paid ordinary shares in the capital of the Company for nil consideration.

A notice in accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) (cleansing statement) and Change of Director’s Interest Notices (Appendix 3Y) are attached. The Application for Quotation of Securities (Appendix 2A) will be released today.

For the purpose of ASX Listing Rule 15.5, the Joint Company Secretary has authorised this announcement.

Dennis Wilkins JOINT COMPANY SECRETARY

CONTACT

INVESTORS MEDIA

: NIC EARNER, MANAGING DIRECTOR, ALKANE RESOURCES LTD, TEL +61 8 9227 5677

: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556

: PAUL RYAN, CITADEL-MAGNUS, TEL +61 409 296 511

Level 4, 66 Kings Park Road, West Perth WA 6005, AUSTRALIA (PO Box 768, West Perth WA 6872, AUSTRALIA) Telephone: +61 8 9227 5677 Facsimile: +61 8 9227 8178 www.alkane.com.au mail@alkane.com.au

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

9 September 2022

Company Announcement Office Australia Securities Exchange Level 6 20 Bridge Street Sydney NSW 2000

By Electronic Lodgement

Dear Sir/Madam

ISSUE OF ALKANE RESOURCES LIMITED SHARES – SECONDARY TRADING NOTICE NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001 ("ACT")

On 9 September 2022, Alkane Resources Limited (“ Company ’) issued 495,840 fully paid ordinary shares in the capital of the Company (“ Securities ”).

Secondary Trading Exemption

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) as at the date of this notice, there is no information:

• i. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• ii. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • B. the rights and liabilities attaching to the Securities.

Yours faithfully

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Dennis Wilkins Joint Company Secretary

Level 4, 66 Kings Park Road, West Perth WA 6005, AUSTRALIA (PO Box 768, West Perth WA 6872, 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	Nicholas Paul EARNER
Date of last notice	19 November 2021

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	a) Direct Interest b) Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	b) ED-NE Pty Ltd - an entity of which the Director is a director and shareholder
**Date of change **	9 September 2022
No. of securities held prior to change	a) ii) 1,622,252 LTI FY2020 performance rights iii) 687,346 LTI FY2021 performance rights b) i) 3,627,496 ALK iv) 825,115 LTI FY2022 performance rights v) 184,552 STI FY2021 performance rights
Class	i) Ordinary fully paid shares ALK ii) Performance rights subject to financial year 2020 long term incentive program (LTI FY2020) iii) Performance rights subject to financial year 2021 long term incentive program (LTI FY2021) iv) Performance rights subject to financial year 2022 long term incentive program (LTI FY2022) v) Performance rights subject to financial year 2021 short term incentive program (STI FY2021)
Number acquired	b) i) 184,552
Number disposed	b) v) 184,552
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	a) ii) 1,622,252 LTI FY2020 performance rights iii) 687,346 LTI FY2021 performance rights b) i) 3,812,048 ALK iv) 825,115 LTI FY2022 performance rights
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Vesting of STI FY2021 performance rights in accordance with shareholder resolution dated 17 November 2021.

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

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A, excluded transaction
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

Authorised for release to ASX by: Dennis Wilkins Joint Company Secretary 9 September 2022

• 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.

irector for the purposes of section 205G of	the Corporations Act.
Name of Director	David Ian CHALMERS
Date of last notice	19 November 2021

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	a) Direct Interest b) Indirect Interest c) Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	b) Leefab Pty Ltd – a company of which the Director is a director and shareholder c) MMC Super Family P/L (previously Multi Metal Consultants Pty Ltd ) - a superfund account of which the Director is a director and shareholder
**Date of change **	9 September 2022
No. of securities held prior to change	a) i) 365,155 ALK ii) 198,624 LTI FY2020 performance rights b) i) 5,238,258 ALK iii) 174,903 LTI FY2021 performance rights iv) 193,809 LTI FY2022 performance rights v) 67,833 STI FY2021 performance rights c) i) 84,472 ALK

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	i) Ordinary fully paid shares ALK ii) Performance rights subject to financial year 2020 long term incentive program (LTI FY2020) iii) Performance rights subject to financial year 2021 long term incentive program (LTI FY2021) iv) Performance rights subject to financial year 2022 long term incentive program (LTI FY2022) v) Performance rights subject to financial year 2021 short term incentive program (STI FY2021)
Number acquired	b) i) 67,833
Number disposed	b) v) 67,833
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	a) i) 365,155 ALK ii) 198,624 LTI FY2020 performance rights b) i) 5,306,091 ALK iii) 174,903 LTI FY2021 performance rights iv) 193,809 LTI FY2022 performance rights c) i) 84,472 ALK
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Vesting of STI FY2021 performance rights in accordance with shareholder resolution dated 17 November 2021.

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

• See chapter 19 for defined terms.

01/01/2011 - Appendix 3Y

Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the securities or contracts N/A, excluded transaction detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

Authorised for release to ASX by: Dennis Wilkins Joint Company Secretary 9 September 2022

• See chapter 19 for defined terms.

01/01/2011 – Appendix 3Y

Page 3