Alkane Resources — Investor Presentation 2007

Sep 10, 2007

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R ESOURCES L TD
ABN 3 5 0 0 0 6 8 9 2 1 6
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11 September 2007

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

Dear Sir,

PRESENTATION

Attached is a copy of a presentation to the Excellence in Mining and Exploration Conference in Sydney today.

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

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

ALKANE RESOURCES LTD

ABN 35 000 689 216

Multi Commodity Development in the Central West of NSW

Excellence in Mining and Exploration Conference Sydney 10-11 September 2007 www.alkane.com.au

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CORPORATE PROFILE

ASX Code Issued Capital Cash (31/08/07) Trading Range (1 yr) Trading Volume (1 yr) Current Market Cap Gandel Metals No Debt

ALK (listed since 1969) 200m shares

A$3.5m

A$0.17 - $0.45 average about 10m/mth

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A$60m 18.2%

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ALKANE MANAGEMENT

John Dunlop

Chairman

Mining Engineer with 36 years in mining operations

Ian Chalmers

Managing Director

Geologist with 36 yrs experience in mining, exploration and development

Tony Lethlean

Ian Gandel

Ian Cornelius

Non-executive director

Non-executive director

Non-executive director

Geologist with 10 yrs in mining and 14 yrs in finance, specialising in resources sector

Successful businessman and resource sector investor

45 yrs in minerals and petroleum industry administration

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Lindsay Colless Company Secretary

Chartered Accountant with 40 yrs experience in the minerals and petroleum industry

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Chief Geologist

Terry Ransted

Resources, reserves, mining – feasibility EIS, Planning consent

Mike Sutherland

Environment Manager

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Australia – project locations
Nullagine BC Iron
Central West NSW
Gold – copper
Leinster Nickel JV
Zr-Nb-Y-U-REE
Perth
Sydney
500 km
Project
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Central West NSW

Tritton Copper

The Peak 2Moz

Alkane Projects and major deposits

TGP Gold Syerston Ni Pt DZP Rio Tinto 2Moz 1.5Mt Cu Newcrest 30Moz 2Mt Cu Barrick 4.5Moz

Copper - gold Newmont JV Gold - copper

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Tomingley Gold Project

Regional Outcrop Geology

Cover Caloma Hervey Group Wyoming Myalls United Dulladerry Rhyolite Yeoval Granite Forbes Group Peak Hill 153,000 ozs produced Mungincoble Chert Cotton Formation Goonumbla (Mingelo) Volcanics

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Tomingley Gold Project

Wyoming Geological Summary

Geological Summary 58,700oz New discovery 3km Pelitic Sediments Feldspar porphyry 547,700oz Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate 70,000oz production Epidote altered volcanics Chlorite-talc schist Andesitic volcanics Mineralisation

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Tomingley Gold Project – South View

Peak Hill Gold Mine 153,000 oz production, 450,000 oz in sulphides at depth

Smiths

McLeans

Myalls United Mine 70,000oz production

Wyoming One >550,000oz

Myalls Deeps

Caloma 200,000oz ?500,000oz Newell Highway

Wyoming Three >60,000oz

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Tomingley

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TOMINGLEY GOLD PROJECT

Resource Summary Wyoming One and Three Dec 2005 0.75g/t gold cut off

Measured 4.835 mt @ 2.24g/t gold 348,350 oz 58% Indicated 1.025 mt @ 2.76g/t gold 91,000 oz 15% Inferred 1.270 mt @ 4.09g/t gold 167,000 oz 27 % TOTAL 7.130 mt @ 2.70g/t gold 606,350 oz 100%

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Tomingley Gold Project

Caloma

Preliminary Geological Interpretation

Pelitic Sediments Feldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-talc schist Andesitic volcanics Mineralisation

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New RC Intersections 37m @ 8.63g/t Au 11m @ 6.87g/t Au 19m @ 6.03g/t Au 14m @ 4.83g/t Au

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Tomingley Gold Project Caloma RC Drilling May 2007

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Tomingley Gold Project

Wyoming Proposed Pit Locations

Addition gold potential Caloma 200,000oz Total Project potential to approach 1Moz

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TOMINGLEY GOLD PROJECT

Wyoming Development Summary

Definitive Feasibility Study program to resource drill out Caloma, optimise open pits, generate conceptual underground mine plan, optimise head grades and recoveries Detailed design and engineering for CIL treatment plant Current Concept: 1,000,000tpa open pits to produce 60-70,000oz pa Underground 250,000 to 500,000 tpa Capital cost A$40 million ? Four to five year open pit life; four years + ? underground Cash flows range to +A$25M pa; open pits to generate A$100m Complete Environmental Assessment and lodge Development Application Investigate financing options, and possible development commitment mid-late 2008

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Orange Area Regional Geology

Molong Regional Geology Cudal ODEJV = Molong and Moorilda Quaternary Tertiary Carboniferous granites Cadia Valley Moorilda Siluro-Devonian granites +30Moz Siluro-Devonian sediments Ordovician monzonite and related intrusives Ordovician ultramafics Ordovician volcanics

Newmont Joint Venture ODEJV = Molong and Moorilda

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ODEJV Moorilda

Geology and Prospects

Godolphin Structural Corridor

McPhillamys Discovery 2006 McPhillamys Discovery 2006 123m @ 1.96g/t Au 123m @ 1.96g/t Au 10m @ 4.08g.t Au 10m @ 4.08g.t Au 31m @ 1.64% zn 31m @ 1.64% zn

7m @ 2.85g/t Au 7m @ 2.85g/t Au 6m @ 2.37g/t Au 6m @ 2.37g/t Au 6m @ 3.52g/t Au 6m @ 3.52g/t Au 19m @ 1.23g/t Au and 19m @ 1.23g/t Au and 0.20% Cu 0.20% Cu

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ODEJV
Moorilda
McPhillamys
600m
Soil geochemistry
with drill hole
locations
300m
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ODEJV Moorilda McPhillamys Drill Section 6292050mN

Legend Sediments

Western altered sediments Altered-sediments Felsic volcanic / volcaniclastic Volcaniclastic sediments Mineralised Zone - Au Mineralised Zone - Zn >0.10% Zn >0.25 g/t Au

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ODEJV Moorilda McPhillamys Drill Section 6292120mN

Legend Sediments Western altered sediments Altered-sediments

Felsic volcanic / volcaniclastic Volcaniclastic sediments

Mineralised Zone - Au Mineralised Zone - Zn

0.10% Zn >0.25 g/t Au

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ODEJV
Moorilda
McPhillamys
East Zinc Zone
+0.2% Zn
Mineralisation
with drill hole
300m
locations
East Gold Zone
Target potential +1g/t Au
> 1Moz
West Gold Zone
Central Zinc Zone
+1g/t Au
+1% Zn
200m
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ODEJV MOLONG - Borenore Prospect Core drilling May 2007

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DUBBO ZIRCONIA PROJECT

Project Site and Infrastructure Location

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DUBBO ZIRCONIA PROJECT

RESOURCES

Measured Resource : 0 - 55 metres

Inferred Resource : 55 - 100 metres

TOTAL

:

35.7 million tonnes grading 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, and 0.75% REO

37.5 million tonnes at similar grades

73.2 million tonnes

Major world resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements

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Although the ore is not classified as a radioactive deposit, it contains 23 million lbs (10,200t) of uranium

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Production of uranium is currently prohibited in NSW

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DUBBO ZIRCONIA PROJECT

Current Program

AusIndustry Commercial Ready Grant of A$3.29M in April 2006 on dollar for dollar basis to complete process optimisations, and construct and operate the Demonstration Pilot Plant (DPP).

Laboratory program to review and optimise flow sheet commenced at ANSTO (Lucas Heights) July 2006, with Demonstration Pilot Plant to be operating in second half of 2007 Market update for all products in progress Substantial product samples (50 to 100kg) from DPP to be distributed late 2007, into 2008 Revise and update the 2002 feasibility study by mid-late 2008 Specialist consultants, TZ Minerals International are the feasibility study managers

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DUBBO ZIRCONIA PROJECT

PROCESS FLOW SHEET

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LKANE
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DUBBO ZIRCONIA PROJECT

Process Flow Sheet – Possible developments

Uranium Nuclear power

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Zirconium and hafnium metal Nuclear and special alloys New microchip applications

Niobium and tantalum for special alloys

Separated yttrium and HREE’s for speciality glasses, magnets, alloys, ceramics

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Thorium ?? Acclerator driven subcritical reactors

DUBBO ZIRCONIA PROJECT Possible Product Suite

ZBS Zirconium basic sulphate ZOH Zirconium hydroxide ZCO Zirconium carbonate ZrO2 Zirconia (calcined) Zirconium and hafnium metal Nb O 2 5 niobium (+Ta) concentrate

Zirconium products

Niobium - tantalum products Yttrium - rare earth Others?

Yttria (Y2O3) - rare earth concentrate (REO) Uranium concentrate and Thorium concentrate

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DUBBO ZIRCONIA PROJECT Product market summary

Zirconium:

Hafnium:

Niobium:

Yttrium:

Rare earths:

drying agent in paints; primer coat of vehicle metalwork; ceramic pigments; engineering ceramics; catalysts; electronics; solid oxide fuel cells cladding in nuclear power plants; special alloys and glasses control rods for nuclear reactors; nextgen microprocessors HSLA steels; special alloys and glasses

stabilizer in ceramics; phosphors for TV/computer screens; lasers

speciality glasses; phosphors; fertilizers; catalysts; lasers; magnets/batteries, particularly for hybrid vehicle motors

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DUBBO ZIRCONIA PROJECT

Demonstration Pilot Plant July 2007

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24m
21m
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DZP Probable Outputs

• Base case models of 200,000 to 500,000 tonnes per year throughput

� 9,000 to 22,500 tonnes of zirconium chemicals (3kt to 7.5kt zirconia equivalent) � 1,000 to 2,500 tonnes of niobium-tantalum concentrate (0.6kt-1.5kt Nb equiv) � 2,400 to 6,000 tonnes of yttrium-rare earth concentrates (1.2kt-3kt YREE equiv)

� 25 to 62 tonnes of uranium concentrate (56,000 to 140,000lbs)

• Revenues of A$40 to $100 million (current escalated to ~A$130M)

• Capital costs of A$100 to $180 million

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Target development commence late 2008 Production 2010 Open pit mine life (base case) > 200 years

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Alkane Resource Summary

� Tomingley Gold Project

Wyoming One (M,Ind & Inf) Wyoming Three (M,Ind & Inf) Caloma ? Potential Total

Peak Hill Sulphide (Ind & Inf) TOTAL

547,700 oz 58,772 oz ?200,000 oz 805,000 oz 467,570 oz 1,274,000 oz

• Wellington Project

Galwadgere Indicated (0.5% Cu) 2.09Mt @ 0.99% Cu and 0.3g/t Au 20,000 oz

• Dubbo Zirconia Project (M & Inf) Toongi

73.2Mt @ 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, 0.75% REO

• Moorilda Project McPhillamys Hill Potential ??

500,000 – 1,000,000 oz

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12 Month Strategy

• Resource drill out for the Caloma open pit – October start. Assess underground at Caloma, Myalls United and Wyoming Three

• Complete f easibility study on TGP (Wyoming-Caloma) – mid 2008

• DZP - Operate Demonstration Pilot Plant at ANSTO Advance feasibility study – mid to late 2008

• Progress Orange JV with Newmont. Advance McPillamys resource potential Test other regional targets

• Advance Galwadgere copper project – own exploration or joint venture

• Advance exploration targets at Wellington, Bodangora and Cudal

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• BC Iron - Nullagine WA, progress exploration to resource status Alkane retains 17%

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The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline	The Project Pipeline
PROJECT	2007	2008	2009	2010	2011	2012
TGP
Wyoming Caloma	DFS Resource	DFS>EIS> DA>Const	Const > Prod	70,000oz	70,000oz	70,000oz
Peak Hill					Review /drill	Resource
DZP	DPP	DPP>DFS	DFS>DA – Const	Const-Prod	31,000t	31,000t
ODEJV
McPhillamys	Exploration	Resource	DFS>EIS	DA - Const	Const - Prod	?150,000oz
Wellington
Galwadgere	Expl	Exploration	Res -DFS	DFS>EIS> DA	Construct	Production

ALKANE RESOURCES LTD

ABN 35 000 689 216

“The New Force in Zirconium” and hafnium, niobium, yttrium, with significant input from gold

Disclaimer:

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www.alkane.com.au

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.