Alkane Resources — Investor Presentation 2011

Aug 18, 2011

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RESOURCES LTD
ABN 35 000 689 216
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19 August 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 presentation to the NSW Mineral Exploration & Investment 2011 Conference being held 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

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 mail@alkane.com.au

Development Projects in the Central West of NSW Sydney 19 August 2011

Corporate snapshot

Shareholder profile*

Exchanges ASX: ALK OTCQX: ANLKY Share Price (18 August 2011) A$1.68 Shares 269m Fully Diluted Market Cap ~A$450m Cash ( a t 30 une J 2011) m ~A$18 Retail Top 20 ~60% No debt Institutions Directors & Management 3% 12 Month High / Low A$2.73/ $0.42 at 30 june 2011 Abbotsleigh (Gandel Metals) 26% 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 Sutherland General Manager NSW A Wright Commercial Manager* Source: FT

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Business Strategy

Multi commodity explorer and miner, focussed in the Central West of New South Wales, Australia

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) Jo nt enture w ti V i h Newmont

Develop multiple operations within tight geographic area over next five years. New discoveries at Cudal (AuZn) , Bodangora (Au-Cu) and Galwadgere (Cu-Au)

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Au Au Cu
Zr Nb Cu
Y REE
Au
150km area
Au
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Dubbo Zirconia Project Zirconium, niobium, yttrium, rare earth elements

Definitive Feasibility Study TZ Minerals International Pty Ltd Study managers: Steve Gilman and Gavin Diener Marketing: Alister MacDonald (TCMS) and Dudley Kingsnorth (IMCOA) Engineering: EPMS and Mintrex

DPP Operations: ANSTO Minerals Group Bob Ring, Doug Collier, Karin Soldenoff, Des Levins, Adrian Manis, Chris Griffiths, Peter Fletcher, Prakash Rajalingam Environmental Assessment: R W Corkery & Co Pty Ltd

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Dubbo Zirconia Project Location Dubbo reg on pop i 80 000, State power grid State gas grid Major mixed agriculture Transport hub Substantial light industry

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	DZP Resources
	Measured Resource : 35.7 million tonnes grading
	0 - 55 metres 1.96% Zr02, 0.04%HfO2, 0.46% Nb2O5 , 0.03% Ta2O5 , 0.14% Y2O3,0.75% REO (0.9% TREO)
	Inferred Resource : 37.5 million tonnes at similar grades 55 - 100 metres
	TOTAL : 73.2 million tonnes
	Major world resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements
	Th dit ntin lw lvl f U nd Th Prdtin f rnim i rrntl rhibitd in NSW
	e epos coas o ees o a ouco o uau s cuey poe .

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DZP Flow Sheet
Heavy REs
Niobium
Zirconium
Light REs
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DZP Demonstration Pilot Plant

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DPP at ANSTO in Sydney The process s un que n i i i the world at present and is a whole of ore sulphuric acid leach, solvent extraction separation and refining, with chemical precipitation to produce final products. The process does not produce a mineral concentrate and does not concentrate the uranium and thorium.

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Zirconium A lications pp

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Zirconium Industr
y
China consumes about
50% of world’s zircon
output.
About 30% of that zircon
is converted to
downstream products.
China currently
produces about 90% of
world’s ZOC and 60% of
FZA.
China has limited
domestic supply of
Zircon Zirconium silicate ZrSiO4 Primary Zr mineral source Value zircon and acquire from
2010 1.4 million tonnes ~US$1.6 billion � US$3.5B major producers (Aust
and S Africa).
Zircon um proi ducts Zircon a ri Z O2 [, rcon um c] Zi i h [em ca s, r me] i l Z t [a] l
2010 120,000 tonnes ~US$0.7 billion � US$1.2B
Source: TCMS
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Niobium A lications pp

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Structure of Niobium Industr
y
Metallurgical
� Structural steels
� Stainless and heat CBMM in Brazil
Pyrochlore FeNb resistant steels produces about 90%
� Superalloys of world demand.
� Super conducting
magnets
Early 2011 a Japanese
Korean consortium
Columbite
Tantalite Nb2O 5 acquired 15% of
Oxides CBMM for US$1.95B
� Glass
� Ceramics
DZP Nb DZP process removes
Concentrate
radioactive elements
such as uranium and
thorium, producing
Nb Raw Materials Intermediate Products Applications
clean concentrate
Ferro‐niobium FeNb Niobium pentoxide Nb2O5 Value
2010 85,000 tonnes ~US$2.0 billion � US$3B
Source: 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$10B ???
Source: IMCOA
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REE Demand Drivers

Growth 10 – 15% 5 - 10% 5 – 10% 4 - 8% 8 -12% 4 – 8% Source: IMCOA

DZP Marketin Develo ments g p

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.
Three MOUs completed that should take all of the 1Mtpa zirconium output
Zirconium Niobium LREE YHREE
US$125 – 150M
100%
75%
In Progress In Progress In Progress
50%
25%
0%
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Several other MOUs in discussion that will cover all niobium and rare earth outputs.

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Financial – DZP Product Out ut and Revenues p

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Base case of 400,000 tonnes pa and expanded 1 million tonnes pa of ore processed

			Potential Production and Revenues
		Product	400,000 tonnes per annum	1,000,000 tonnes per annum
		ZBS, ZOH, ZBC, ZrO2	6,000tpa US$42M*	15,000tpa	US$105M*
		Nb -Ta concentrate	1,400tpa US$42M*	3,500tpa	US$105M*
		LREE concentrate	1,415tpa US$57M**	3,540tpa	US$142M**
		YHREE concentrate	425tpa US$24M**	1,070tpa	US$63M**
		AVERAGED TOTALS	9,240tpa US$160 - 170Mpa	23,110tpa	US$400 - 450Mpa
		Zr @ US$7.00/kg and Nb @ US$30/kg as intermediate average prices* Price average of Q4 2010 for REO basket and assumes concentrate at 70% of total separated REO value REO output based on average 50% recovery

Full operating, capital costs and revenues will be detailed in the feasibility study nearing completion

� ZBS = zirconium basic sulphate; ZOH = zirconium hydroxide; ZBC = zirconium carbonate Equivalent ~99% ZrO2 + HfO2

� Nb-Ta concentrate = ~70% Nb2O5 + Ta2O5 calcined basis � LREE = La, Ce, Nd, Pr � YHREE = Y, Gd, Dy, Tb

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						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

DZP Production Plant La out y

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Tomingley Project Gold Definitive Feasibility Study Mintrex Pty Ltd Study Manager: Fiona Morgan Environmental Assessment R W Corkery & Co Pty Ltd

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Tomingley Gold Project, NSW ALKANE RESOURCES: 100% • Three deposits under conceptual development : – Caloma (3 . 86Mt @ . 1 76g/t Au) – Wyoming One (6.59Mt @ 1.86g/t Au) – Wyoming Three (0.84Mt @ 1.75g/t Au) 947 AC, RC and core holes totalling 109,114 metres • Total current combined resource (d) + 660,000oz – Expansion potential Caloma Two • Deposits open at depth • Significant regional exploration potential • Minimum seven year mine life => +10yr target • Initial open pit +underground operations (Yrs 1‐7) Additional open pit and ug (Yrs 7 ‐10)

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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$22.6m

• – Owners costs A$23m

• Proposed site layout

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		TGP Financials
		Financial Summary Based on initial 7.5 year open pit and undergound operation producing 370,000 ounces
		Financial Summary Based on initial 7.5 year open pit and undergound operation producing 370,000 ounces
			Base Case	Anticipated	Upside
		Gold Price	A$1,400 / oz	A$1,500 / oz	A$1,600 / oz
		Revenue	$516.97m	$553.89m	$590.82m
		Operating Cash Flow	$155.20m	$192.13m	$233.86m
		*
		Net Cash Flow	$65 39m .	$102 32m .	$144 65m .
		IRR	14.5%	22.2%	33.3%
		NPV	$15.08m	$41.61m	$76.73m
	Credit Suisse granted mandate to provide up to A$45m debt facility with gold hedging program to return average A$1,500 / ounce Targeting +10 year mine life ..... awaiting development consent

Credit Suisse granted mandate to provide up to A$45m debt facility with gold hedging program to return average A$1,500 / ounce

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

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Advanced Exploration Gold ODEJV ‐ McPhillamys Newmont Australia Limited (NAL) Subsidiary of US based Newmont Mining Corporation NAL are the Managers and Operators

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ODEJV
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ORANGE DISTRICT EXPLORATION JOINT VENTURE (ODEJV)

Gold, Copper – Orange, NSW | Alkane Resources: 49%, Newmont Australia: 51%

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TWO FOCUS AREAS:

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MOLONG
•
Molong
Carlin & Ridgeway‐type – targeting copper‐gold porphyry‐style gold
porphyry targets ‐
mineralisation (Ridgeway type) and Carlin style
• Moorilda
MOORILDA
–
drilling confirms a major gold system @
M c Phill amy s ’
Cadia Valley
+50Moz
•
Newmont have earned 51%, to go to 75% by
carrying all expenditures through to completion
Orogenic (structural) of final BFS
gold targets
…low risk with significant upside + 4moz system
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ODEJV Moorilda | McPhillamys

||ODEJV Moorilda | McPhillamys|ODEJV Moorilda | McPhillamys|
|---|---|---|
||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
Deep drilling in progress||
||•
Conceptual studies for both open pit
and block cave mining
•
Preliminary metallurgical scoping
indicates +90% gold recovery from CIL
BASE AREAS
•Ot l 1000 26001/t A||
||
uer ore enveope ,m x m .g u
•
Likely low waste to ore ratio to
significant depth for open pit
• Inner ore zone 600m x 200m to 450m depth
• Average 2.8 SG
Compare Barricks Cowal Operation
• 64Mt @ 1.22g/t Au at start up
• 8Mtpa for ~ 250,000ozpa||
||||
||… potential open cut or block caving operation||

… potential open cut or block caving operation

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Exploration
Exp oral tion
2010 ‐ 2011 Discoveries
Bodangora Glen Hollow gold – copper
Wellington Galwadgere copper – gold
Cudal Bowen Park gold – zinc
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Bodangora – Glen Hollow Comobella Intrusive Complex 4km x 3km monzonite intrusives / skarn / hydrothermal breccias Comparable to Cadia – Ridgeway (Newcrest) system near Orange

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Bodangora – Glen Hollow

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Is it similar to Ridgeway discovery? Resource = 44Mt @ 2.6g/t Au; 0.82% Cu

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Source: Newcrest

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Wellington – Galwadgere Indicated Resource defined 2004 2.09Mt @ 0.99% Cu and 0.3g/t Au Potential to open pit mine bulk of existing resource to produce 27% Cu and 3g/t Au clean concentrate

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Cu and 3g/t Au clean concentrate
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Wellington – Galwadgere 14m @ 1 13 g/t Au. , .0 94% Cu + 0 89% Zn. Incl 4m 0.94g/t Au, 1.69% Cu + 2.98% Zn Long Section GAL032 intersection 200m down plunge and has potential to double existing defined resource

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Cudal – Bowen Park
New style of mineralisation
– structural / replacement
Many exploration targets to be tested
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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 / DA
				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											?		?				?

DZP + TGP “Plan Z”

Peak Hill Gold Mine Site

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Below the existing mine, Peak Hill contains a large sulphide resource grading 1.3g/t to 4.40g/t gold.

This could be mined and taken to Toongi (DZP) as sulphur source for DZP sulphuric acid production.

Oxidized product returned to the TGP and processes through the CIL plant.

Cheaper acid for the DZP, additional gold or Tf GP at incremental cost increase.

An example of the synergies between commodities and projects in the same region

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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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TGP – Peak Hill Resource Statement

		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		No Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Gold mgeol model (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t) (koz)
		Wyoming One 2,379,000 2.52 878,000 3.07 3,227,000 2.35 6,484,000 2.51 523.2
		Wyoming Three 670,000 2.05 44,000 2.02 123,000 1.64 837,000 1.99 53.5
		Caloma 2,073,350 2.24 448,140 1.91 1,567,680 1.69 4,089,170 1.99 262.0
		Total 5,122,350 2.35 1,370,140 2.66 4,917,680 2.12 11,410,170 2.29 838.7
		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		Top Cut Tonnage Grade Tonnage Grade Tonnage Grade Tonnage Grade Gold 2.5x2.5x5.0m (t) (g/t) (t) (g/t) (t) (g/t) (t) (g/t) (koz) model
		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

These Mineral Resources are based upon information compiled by Mr Richard Lewis MAusIMM (Lewis Mineral Resource Consultanting 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 .

		DEPOSIT MEASURED INDICATED INFERRED TOTAL
		0.5g/tgold 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 Peak Hill 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 Peak Hill 810,000 4.40 810,000 4.40 114.6
	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.

DZP – Galwadgere Resource Statement

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Dubbo Zirconia Project

		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

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.

Wellington ‐ Ga wal dgere

	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

	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys	McPhillamys Resource Statement Moorilda ‐ McPhillamys
		DEPOSIT INDICATED INFERRED TOTAL McPhillamys Tonnage Grade Grade Tonnage Grade Grade Tonnage Grade Grade k Ounces tonnes 0.3g/t Au cut-off (t) (g/t) % Cu (t) (g/t) % Cu (t) (g/t) % Cu gold 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
		McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade	k Ounces	tonnes
		0.3g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu	gold	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
		McPhillamys	Tonnage Grade Grade	Tonnage Grade Grade	Tonnage Grade Grade	k Ounces	tonnes
		0.5g/t Au cut-off	(t) (g/t) % Cu	(t) (g/t) % Cu	(t) (g/t) % Cu	gold	copper
		Inner Ore Zone	41,260,000 1.27 0.08	16,097,000 1.57 0.09	57,357,000 1.36 0.08	2,499.9	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
		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