Alkane Resources — Major Shareholding Notification 2012

Apr 9, 2012

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN

Alkane Resources Ltd ABN 35 000 689 216

1. Details of substantial holder[(1)]

Name Abbotsleigh Pty Ltd ACN/ARSN 005 612 377

There was a change in the interests of the substantial holder on The previous notice was given to the company on The previous notice was dated

10/04/2012 29/09/2009 29/09/2009

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	Previous notice	Previous notice		Present notice
securities (4)
	Person'svotes	Voting power(5)	Person'svotes	Voting power(5)
Ordinary Shares	70,911,964	28.62%	82,475,502	24.529%

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 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:

Date of	Person whose	Nature of Change	Consideration	Class and	Person’s votes
Change	relevant interest	(6)	given in relation	number of	affected
	changed		to change (7)	securities
				affected
	Ref ANNEXURE “A”

4. Present relevant interests

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

Holdersrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredasholder(8)	Nature of relevant interest(6)	Class andnumber ofsecurities	Person’svotes
AbbotsleighPtyLtd	AbbotsleighPtyLtd	Abbotsleigh PtyLtd		75,875,502 –Ord Shares	22.566%
AbbotsleighPty Ltd	CiticorpNominees PtyLtd	Abbotsleigh PtyLtd		6,600,000 –Ord Shares	1.963%
			TOTAL	82,475,502	24.529%

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
Abbotsleigh PtyLtd	Suite 3, 51-55 CityRoad, Southbank,VIC, 3006
CiticorpNomineesPtyLtd	GPOBox 764GMelbourne,VIC, 3001

Signature

Print Name Ian Pamensky Capacity Man Fin & Bus Development Sign Here Date 10/04/2012

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.

ANNEXURE “A”

Changes in relevant interests

Date ofChange	Person whoserelevant interestchanged	Nature of Change(6)	Considerationgiven in relationto change – A$ (7)	Class andnumber ofsecuritiesaffected	Person’s votesaffected
05/04/12	Abbotsleigh PtyLtd	1:10RightsIssue	$7,800,316.70	7,091,197	Abbotsleigh P/L
05/04/12	Abbotsleigh Pty Ltd	1:10 Rights Issue– Shortfall – Sub-Underwriting	$4,919,575.10	4,472,341	Abbotsleigh P/L
	TOTAL		$12,719,891.80	11,563,538

This is the Annexure A referred to in the Form 604 – Notice of change of interests of substantial holder

Signature

Print Name Ian Pamensky Capacity Manager Fin & Bus Development Sign Here Date 10/04/2012