Alkane Resources - Investor Presentation 2011

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RESOURCES LTD
ABN 35 000 689 216
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10 October 2011

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

Dear Sir,

PRESENTATION

Attached is a copy of the Company’s updated corporate presentation.

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]

Corporate resenP tation October 2011

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Corporate snapshot

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Shareholder profile
Exchanges ASX: ALK
OTCQX: ANLKY
Share Price (7 October2011) A$1.16
Shares 269m
Fully Diluted Market Cap ~A312m
Cash ( a t 30 une J 2011) ~A$18 m
No debt
Top 20 ~60%
at 30 Sept 2011
Abbotsleigh (Gandel Metals) 26%
12 Month High / Low A$2.73/ $0.65
Directors & Management
J S F Dunlop Chairman
D I Chalmers Managing Director
A D Lethlean Non‐Executive Director
I J Gandel Non‐Executive Director
L A Colless CFO Joint Secretary
K E Brown Joint Secretary
T W Ransted Chief Geologist
M D Suther anl d Genera Manager NSWl
A Wright Commercial Manager
Source: FT A MacDonald DZP Marketing
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Central West Region

Location and Business Strate gy Multi commodity explorer and miner, focussed in the Central West of New South Wales, Australia Region with substantial existing infrastructure Dubbo Zirconia Project – world class resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earths Gold production from Peak Hill mine 1996 – 2005. New gold development planned at Tomingley based upon 650,000 oz resource Major gold discovery at McPhillamys (~3 million oz) Joint Venture with Newmont Develop multiple operations within tight geographic area over next five years. New discoveries at Cudal (Au-Zn) , Bodangora (Au-Cu) and Galwadgere (Cu-Au)

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Dubbo Zirconia Project ‐ Infrastructure Dubbo region pop 80,000 State power grid State gas grid Ma or m xei d i lture j agr cu Transport hub Substantial light industry

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	DZP Resources and Reserves

	Measured Resource : 35.7 million tonnes grading 0 55 metres 1 94% Zr0 0 04%HfO 0 46% NbO -
	. 2, . 2, . 2 5, 0.03% Ta2O5 , 0.14% Y2O3,0.74% REO (0.9% TREO) Inferred Resource : 37.5 million tonnes at similar grades 1
	55 00 metres - TOTAL : 73.2 million tonnes --------------------------------------------------------------------------------------------------------------------------------
	Proved Reserves : 8.07 million tonnes grading 0 – 26 (max) metres 1.91% Zr02, 0.04%HfO2, 0.46% Nb2O5 , 0.03% Ta2O5 , 0.14% Y2O3,0.75% REO (0.9% TREO)
	These reserves are for the 400 000tpa operation over a 20 year life Major world resource of zirconium hafnium niobium tantalum ttrium and rare earth elements , . The reserves for the 1Mtpa, 20 year life will be a direct conversion of resources, to give 20Mt -----------------------------------------------------------------------------------------------------------------------------------------------------
	, , , , y
	The deposit contains low levels of U and Th. Production of uranium is currently prohibited in NSW

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DZP Flow Sheet
Whole of ore sulphuric acid
leach, solvent extraction
separation and refining, with
chemical precipitation to
produce final products.
Unique in the world today.
The process does not produce
a mineral concentrate and does
not concentrate the uranium
and thorium.
These waste products are
neutralised and dispersed in
the residue storage facilities at
less concentration than in the
primary deposit.
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Zirconium A lications pp

DZP Zircon ‐ Zirconium Chemicals Pricin g

DZP Zircon ‐ Zirconium Chemicals Pricing	DZP Zircon ‐ Zirconium Chemicals Pricing	DZP Zircon ‐ Zirconium Chemicals Pricing	DZP Zircon ‐ Zirconium Chemicals Pricing	DZP Zircon ‐ Zirconium Chemicals Pricing	DZP Zircon ‐ Zirconium Chemicals Pricing



	PRODUCT	ZrO2	Q4 2010 US$/T	Q1 2011 US$/T	Q2 2011 US$/T
	Zircon (producer/trader)	65%	$900 ‐$1,150	$1,500 ‐$2,100	$1,700 ‐$2,750
	(100% ZrO2 basis)	100%	($1,440 ‐$1,840)	($2,400 ‐$3,360)	($2,720 ‐$4,400)

	ZOC ( i i hl id ) z rcon um oxyc or e	36%	$1 350 $1 450 , ‐ ,	$2 300 $2 600 , ‐ ,	$3 600 $4 000 , ‐ ,
	(100% ZrO2 basis)	100%	($3,750 ‐$4,025)	($6,400 ‐$7,200)	($10,000 ‐$11,111)
	ZBS (zirconium basic sulphate)	33%	$1,770	$3,000	$6,000
	(100% ZrO2 basis)	100%	$5,360	$9,100	$18,200

	( b b ) ZBC zirconium asic car onate	40%	$2 100 ,	$3 400 ,	$5 400 ,
	(100% ZrO2 basis)	100%	$5,250	$8,500	$13,500
	Fused Zirconia	98.50%	$2,900 ‐$3,100	$4,100 ‐$4,400	$6,000‐$7,000
	Chemical Zirconia	99.50%	$4,200 ‐$4,400	$7,200 ‐$7,500	$10,000‐$12,000
	Chemical Zirconia	99.90%	$5,300 ‐$5,500	$8,500 ‐$10,500	$12,000‐$15,000

*Source: TCMS*

Source: TCMS

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Zircon Su l Demand Price
pp y
20% shortfall by 2020
Zircon prices have
escalated during
2010 and 2011 to
>US$2,800/t
Zircon price and supply will have a major impact on the cost and availability of zirconium
chemicals, zirconia and zirconium metal. China and Japan have declared zirconium a
strategic metal.
Source: TZMI
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Niobium A lications pp

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Niobium Demand and Price
Niobium 2010
(Ferro-niobium units)
consumption
~85,000t – 90% Brazil
Estimate for 2012
~100,000t
Ferroniobium price spiralled to US$60/kg in March 07 and is currently around US$40 - 45/kg
Sources: IAMGOLD / TZMI
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REE A lications pp

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Rare Earth Su l ‐ Demand
pp y
Will rare earth supply
demand be in balance
from 2015 with Lynas
and Molycorp
producing?
High probability for
LREE but not HREE
The DZP has a 75%
LREE - 25% HREE
split which gives it a
demand advantage
Separated rare earth products Value
2010 130,000 tonnes ~US$2.0 billion � US$6B ?
Source: IMCOA
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DZP Rare Earth Pricin g

DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing	DZP Rare Earth Pricing

	Rare Earths Prices (US$/kg FOB China REO)
	Rare Earths Prices (US$/kg FOB China REO)
	Source:Metal Pages© Numbers have been rounded							Spot 5 Oct $79 $80 $220
	Light Rare Earth	DZP Distribution	Q2 2010 Average	Q3 2010 Average	Q4 2010 Average	Q1 2011 Average	Q2 2011 Average
	Lanthanum Oxide	19.51%	$7.13	$25.75	$53.00	$75.00	$138.00
	Cerium Oxide	36.70%	$5.58	$24.50	$50.00	$77.00	$138.00
	Praseodymium Oxide	4.05%	$30.60	$48.25	$77.00	$118.00	$215.00
	Neodymium Oxide	14.12%	$31.13	$49.50	$80.00	$125.00	$253.00	$260 $100 $3,800 $165
	Samarium Oxide	2.20%	$4.50	$22.25	$34.00	$69.00	$120.00
	Heavy Rare Earth
	Europium Oxide	0.07%	$521.67	$570.00	$625.00	$723.00	$1867.00
	Gadolinium Oxide	2.15%	$8.25	$28.75	$44.00	$81.00	$167.00
	Terbium Oxide	0 34% .	$ 545.00	$ 570.00	$ 605.00	$ 693.00	$ 1767.00	$3,200 $2,300 ......$155........ $119
	Dysprosium Oxide	2.05%	$196.67	$275.00	$295.00	$405.00	$983.00
	Ho, Er, Tm, Yb, Lu	2.89%
	Yttrium Oxide	15.84%	$11.42	$26.25	$56.00	$93.00	$158.00
	DZP LREE	76.68%	$12.06	$30.58	$57.20	$81.00	$163.00
	DZP YHREE
		23 32% .	$42 23 .	$62 34 .	$78 70 .	$119 00 .	$240 00 .	$377 ........ ....... $82 $264
	DZP LREE Concentrate		$8.44	$21.41	$40.00	$61.00	$114.00
	DZP YHREE Concentrate		$29.59	$43.64	$55.00	$83.00	$168.00
	*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 *Source: IMCOA* averaged for the full quarter.

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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Source: IMCOA

Financial – DZP Product Out ut and Revenues p

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1 million tonnes pa of ore processed


	Anticipated Production and Revenues
Product	Price / kg predicted	Price / kg used 1,000,000 tonnes per annum
ZBS, ZOH, ZOC, ZrO2	US$10 - 15	US$10.60 15,700tpa	A$196M
Nb -Ta conc / FeNb	US$42 - 45	US$45 3,005tpa	A$111M
LREE concentrate	US$40	US$30 3,050tpa	A$108M
YHREE concentrate	US$55	US$68 1,120tpa	A$90M
TOTALS		22,875tpa	A$504Mpa
Tonnage based upon recoveries developed from mass balances of the demonstration pilot plant and revenues based upon flat long term pricing and , an exchange rate of A$:US$ of 0.85. Numbers are rounded. Product prices predicted Q2 2011 average

� ZBS = zirconium basic sulphate; ZOH = zirconium hydroxide; ZOC = zirconium oxychloride Equivalent ~99% ZrO2 + HfO2 � Nb-Ta conc / FeNb = ~70% Nb2O5 + Ta2O5 calcined basis � LREE = La, Ce, Nd, Pr � YHREE = Y, Gd, Dy, Tb

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	DZP DFS Financials

	DUBBO ZIRCONIA PROJECT Financial Summary
	DUBBO ZIRCONIA PROJECT Financial Summary

	Project Capacity	400,000 tonnes pa	1,000,000 tonnes pa
	Capex – Plant1	$278M	$543M
	Infrastructure + Owners	$84M	$165M
	SUB TOTAL	$362M	$708M
	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 year life after tax DFS was completed on the 400,000tpa case but costs and revenues factored for the 1Mtpa. Actuals for the 1Mtpa being documented

1 - Includes acid plant; 2 - Annual average after ramp up; 3 - 20 year life, pre-tax; 4 - 20 year life after tax

DFS was completed on the 400,000tpa case but costs and revenues factored for the 1Mtpa. Actuals for the 1Mtpa being documented

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DZP Marketin Develo ments g p

Three MOUs completed that should take all of the 1Mtpa zirconium output.

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Zi rcon i um Ni o bi um LREE YHREE
100%
75%
50%
25%
0%
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Several other MOUs in discussion that will cover rare earth outputs and niobium production.

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DZP Site Infrastructure


		DZP Developmentpathway

						2012 2013 2014
		‐> 2009	2010		2011	2012		2013 2014
DZP	Resource definition 2001 ‐ 2002	~~�~~
	Flow sheet development 2002	�									uct
	Laboratory Zr – Nb 1999 – 2002	�					Co	ntin	ue	d prod
	Pilot plant Zr – Nb 2002	�						~~dev~~	~~elo~~	~~pment~~
	Mine Plan & Scheduling 2002	�
	Plant Design & Engineering 2002	�
	Laboratory Y & REE 2009 ‐	�	�
	Demonstration Pilot Plant 2008 ‐
	ZNbPdDiibi	�	�	�
	r – rouct struton										r elopment
	Y ‐ REE Product Distribution			~~�~~
	Secure Offtake Agreements							~~et~~	~~il c~~	~~osts fo~~
	Definitive Feasibility Study	2002					e	xpa	nd	ed dev
	Environmental Impact (EA)	2000 ‐>
	Detailed Design
	Financing / Development Consent
	Construction

	Production

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Tomingley Gold Project, NSW
• Three deposits for initial development :
–
Caloma (3.86Mt @ 1.76g/t Au)
–
Wyoming One (6 . 59Mt @ . 1 86g/t Au)
–
Wyoming Three (0.84Mt @ 1.75g/t Au)
Over 2,000 AC, RC and core holes totalling +200,000 metres
• Tota current coml bined resource (d) + 660,000oz
–
Expansion potential
• Deposits open at depth
Caloma Two
• Si g nificant re g ional ex p loration p otential
•
Minimum seven year mine life => +10yr target
• In t a open p t + uni i l i derground operat onsi (Y rs ‐ 1 7)
Additional open pit and underground (Yrs 7 ‐10)
•
Exploration potential highlighted by recent
Caloma Two RC drilling
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TGP Infrastructure
• Infrastructure: – water => 45km pipeline – power (State Grid) => 20km 66Kv power line – roads => primary & secondary access
• Skilled local workforce – population base of 150,000 within 120km diameter area
– No FIFO, no accommodation required
• Capital costs ~A$90 Million – CIL plant A$43m
– Infrastructure A$23m
– Owners costs A$23m
Proposed site layout

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TGP Financials


Based on initial	Financial Summary 7.5 year open pit and underground operation producing			370,000 ounces
Gold Price	A$1,500 / oz	A$1,600 / oz	A$1,700 / oz	A$1,800 / oz
Revenue	$554m	$591m	$629m	$665m
EBITDA*	$167m	$201m	$225m	$269m
IRR	17.7%	25.1%	32.2%	39.4%
NPV	$28.4m	$53.6m	$78.7m	$103.9m

EBITDA* Includes all royalties

Credit Suisse granted mandate to provide up to A$45m debt facility with gold hedging program. Current flat forward price for 3.5 years ~ A1,900/oz

Targeting +10 year mine life ..... awaiting development consent

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ODEJV Newmont 51% ‐ McPhillamys

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INITIAL RESOURCES

Indicated + Inferred +0.3g/t gold 92 Mt @ 1.00g/t Au 0.07% Cu 2.96 Moz Au & 60,000t Cu
• Indicated + Inferred +0.5g/t gold 61 Mt @ 1.32g/t Au 0.08% Cu 2.57 Moz Au & 48,000t Cu
• Mineralisation open at depth • Conceptual studies for both open pit and block cave mining
• Preliminary metallurgical scoping indicates +90% gold recovery from CIL BASE AREAS • Outer ore envelope 1,000m x 260m 0.1g/t Au
• Likely low waste to ore ratio to •• Average 2.8 SGInner ore zone 600m x 200m to 450m depth significant depth for open pit Compare Barricks Cowal Operation • 64Mt @ 1.22g/t Au at start up • 8Mtpa for ~ 250,000ozpa

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… potential open cut or block caving operation

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Exploration 100% Alkane

Exp oral tion 2010 ‐ 2011 Discoveries Bodangora Glen Hollow gold – copper 45m @ 0.91g/t Au 0.24% Cu; 21m @ 1.5g/t Au 0.41% Cu Wellington Galwadgere copper – gold 2Mt @ 1.0% Cu 0.3g/t Au – potential doubled by recent DDH Cudal Bowen Park gold – zinc 17m @ 1 2 .m @ 1 2 .@ 1 2 . . g/t u .A/t u .At u .AA 2 85% Z n; m 4 n; m 44 @ 2 2 . . g/t u .A/t u .At u .AA 7 03% Z n n

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17m @ 1 2 .m @ 1 2 .@ 1 2 . . g/t u .A/t u .At u .AA 2 85% Z n; m 4 n; m 44 @ 2 2 . . g/t u .A/t u .At u .AA 7 03% Z n n
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ALKANE OPERATIONS TEAM
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	Project Development Pipeline

			2011 2012 2013 2014 2015
		2010	2011	2012		2013	2014	2015


TOMINGLEY GOLD	D fi iti F ibilit St d (DFS) e n ve eas y u y
	Environmental Assessment / DC
	Project Financing @ $A90m
	Construction
DUBBO ZIRCONIA	Production
	Definitive Feasibility Study (DFS)
	Environmental Assessment / DC
	Project Financing
McPHILLAMYS	Construction
	Production
	Exploration/Pre‐feasibility
	Bankable Feasibilit Stud (BFS)
Galwadgere	y y
	Construction						?	?
	Production							?
	Exploration/Pre‐feasibility				?	?	?

B d o angora Cudal	E l ti /P f ibilit xp ora on re‐ eas y				?	?	?
	Exploration/Pre‐feasibility				?	?	?

ALKANE – The Future

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The DZP is a long term project with strategic significance in the zirconium and heavy rare earth industr es, ani d can generate substant a casi l h flows.

Production costs are spread across the four metal outputs – zirconium, niobium (tantalum), light rare earths and yttrium-heavy rare earths will insulate the DZP . from unforeseen price instability in certain sectors

The TGP provides cash flow insurance against any possible development delay for the DZP, and possible slow down in world growth. It also has upside in mine life.

The tight geographical focus and existing exploration success, provides Alkane with long term development potential and increasing profits.

Alkane is a long term investment opportunity with a clear development strategy of multiple operations and substantial cash flow, and capacity to pay dividends.

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Disclaimer

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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.

Competent P erson

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) 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 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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These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consultants Pty Ltd) who is a competent person as defined in the 2004 Edition of the Australasian Code for R

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TGP – Mineral Resources

TGP – Peak Hill Resource / Reserve Statements

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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|DEPOSIT|MEASURED|INDICATED|INFERRED|TOTAL|
|Top Cut|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|Gold|
|2.5x2.5x5.0m|
|model|(t)|(g/t)|(t)|(g/t)|(t)|(g/t)|(t)|(g/t)|(koz)|
|Wyoming One|2,227,000|2.07|882,000|2.25|3,478,000|1.62|6,587,000|1.86|393.2|
|Wyoming Three|630,000|1.87|58,000|1.73|154,000|1.25|842,000|1.75|47.3|
|Caloma|2,047,750|2.04|440,050|1.71|1,371,620|1.36|3,859,420|1.76|218.5|
|Total|4,904,750|2.03|1,380,050|2.06|5,003,620|1.54|11,288,420|1.82|658.9|

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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 25March 2009 and 2 October 2009 .

TGP – Ore Reserves

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

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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

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|---|---|---|---|---|---|---|---|---|---|
|DEPOSIT|MEASURED|INDICATED|INFERRED|TOTAL|
|0 5g/t gold.|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|k Ounces|
|cut off|(t)|(g/t)|(t)|(g/t)|(t)|(g/t)|(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|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|Tonnage|Grade|k Ounces|
|cut off|(t)|(g/t)|(t)|(g/t)|(t)|(g/t)|(t)|(g/t)|
|Proprietary P|810,000|4.40|810,000|4.40|114.6|

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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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DZP – Galwadgere Resource / Reserve Statements

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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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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 .

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|

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These Ore Reserves are based upon information compiled by Mr Terry Ransted MAusIMM (Alkane Chief Geologist) 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 were calculated at a nominal 1.0% ZrO2 cut off using costs derived from vendor quotes and revenue documented within the ASX Announcement 19 august 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|
|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 2005 Annual Report|

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McPhillamys Resource Statement

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Moorilda – McPhillamys – Mineral Resources

DEPOSIT	INDICATED	INFERRED	TOTAL
McPhillamys 0.3g/t Au cut-off	Tonnage Grade Grade (t) (g/t) % Cu	Tonnage Grade Grade (t) (g/t) % Cu	Tonnage Grade Grade (t) (g/t) % Cu	k Ounces gold	tonnes copper
Inner Ore Zone	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
T t l o a	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
McPhillamys 0.5g/t Au cut-off Inner Ore Zone	Tonnage Grade Grade (t) (g/t) % Cu 41,260,000 1.27 0.08	Tonnage Grade Grade (t) (g/t) % Cu 16,097,000 1.57 0.09	Tonnage Grade Grade (t) (g/t) % Cu 57,357,000 1.36 0.08	k Ounces gold 2,499.9	tonnes copper 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 Investor Presentation 2011

48579_rns_2011-10-09_05804284-a45d-49c4-8cec-1c52b068d8fc.pdf

PRESENTATION

for ALKANE RESOURCES LTD

Corporate snapshot

DZP Zircon ‐ Zirconium Chemicals Pricin g

DZP Rare Earth Pricin g

Financial – DZP Product Out ut and Revenues p

1 million tonnes pa of ore processed

TGP Financials

ODEJV Newmont 51% ‐ McPhillamys

INITIAL RESOURCES

… potential open cut or block caving operation

ALKANE – The Future

Disclaimer

Competent P erson

TGP – Mineral Resources

TGP – Peak Hill Resource / Reserve Statements

TGP – Ore Reserves

Peak Hill – Mineral Resources

DZP – Galwadgere Resource / Reserve Statements

Dubbo Zirconia Project – Mineral Resources

Dubbo Zirconia Project – Ore Reserves

Wellington – Galwadgere ‐ Mineral Resources

McPhillamys Resource Statement

Moorilda – McPhillamys – Mineral Resources

AI assistant

Alkane Resources — Investor Presentation 2011

48579_rns_2011-10-09_05804284-a45d-49c4-8cec-1c52b068d8fc.pdf

PRESENTATION

for ALKANE RESOURCES LTD

Corporate snapshot

DZP Zircon ‐ Zirconium Chemicals Pricin g

DZP Rare Earth Pricin g

Financial – DZP Product Out ut and Revenues p

1 million tonnes pa of ore processed

TGP Financials

ODEJV Newmont 51% ‐ McPhillamys

INITIAL RESOURCES

… potential open cut or block caving operation

ALKANE – The Future

Disclaimer

Competent P erson

TGP – Mineral Resources

TGP – Peak Hill Resource / Reserve Statements

TGP – Ore Reserves

Peak Hill – Mineral Resources

DZP – Galwadgere Resource / Reserve Statements

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 Investor Presentation 2011