Alkane Resources — Investor Presentation 2008

Sep 14, 2008

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R ESOURCES L TD
AB N 3 5 0 0 0 6 8 9 2 1 6
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15 September 2008

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 & Exploration Conference being held in Sydney, NSW 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

Excellence in Mining and Exploration Sydney 15 September 2008 www.alkane.com.au

CORPORATE PROFILE ASX Code ALK (listed since 1969) Issued Capital 242.4m shares Cash (30/06/08) A$9.7m Investments: BC Iron A$7.5M Trading Range (1 yr) A$0.28 - $0.515 Trading Volume (1 yr) average about 5m/mth Current Market Cap ~A$85m Abottsleigh (Gandel Metals) 29.1% No Debt

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ALKANE PEOPLE

John Dunlop Chairman Ian Chalmers Managing Director Tony Lethlean Non-executive director Ian Gandel Non-executive director Ian Cornelius Non-executive director

----------------------------------------------------------------------Lindsay Colless Joint Company Secretary Karen Brown Joint Company Secretary -----------------------------------------------------------------------

Terry Ransted Chief Geologist Mike Sutherland General Manager NSW David Meates Project Geologist TGP Peter Duerden Project Geologist Orange Jim Thornton Geologist Orange Glen Morgan PHGM Site Supervisor Stewart Lamond Field Supervisor David Moyses Cartographer The Board at ANSTO

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Australia – project locations
Nullagine BC Iron
9M shares = 15%
Leinster Nickel JV Central West NSW
Xstrata Nickel Gold – Copper
Rare metals
Perth
Sydney
500 km
Project
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Central West
NSW
Alkane
Projects TGP Gold Copper - gold
DZP
Newmont JV
Gold - copper
All Alkane projects
within the 120km
diameter circle
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Tomingley Gold
Project
and
Dubbo Zirconia
Dubbo Zirconia Project Project
Location
Wyoming
Caloma
Peak Hill
153,000ozs
produced
450,000oz in
sulphide
resource
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Tomingley Gold Project
Geological Summary
Wyoming - Caloma
58,700oz
1km
New discovery
Pelitic Sediments
3km
Feldspar porphyry 547,700oz
Volcaniclastic sediments
Graphitic mudstone
Volcaniclastic conglomerate 70,000oz historic production
Epidote altered volcanics
Chlorite-talc schist
Andesitic volcanics
Mineralisation
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Tomingley Gold Project
Wyoming One
North – South Section
614075mE 85m @ 2.15g/t Au 9m @ 12.5g/t Au
6m @ 9.53g/t Au
Alluvium
Cotton Formation 12m @ 6.22g/t Au
Feldspar porphyry
Volcaniclastic sediments 18.4m @ 5.74g/t Au 12.5m @ 7.88g/t Au
7.2m @ 11.06g/t Au
Graphitic mudstone
Volcaniclastic conglomerate
Epidote altered volcanics
66m @ 19.5g/t Au
Chlorite-talc schist 11m @ 89.0g/t Au
Andesitic volcanics 14m @ 15.8g/t Au
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TOMINGLEY GOLD PROJECT

Resource Summary Wyoming One and Three Dec 2007 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% Excludes the Caloma Deposit at 14/09/08

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Tomingley Gold Project
Caloma
Preliminary
Geological Interpretation
Pelitic Sediments
Feldspar porphyry
Volcaniclastic sediments Section
Graphitic mudstone
Volcaniclastic conglomerate
Epidote altered volcanics
New RC Intersections
Chlorite-talc schist 37m @ 8.63g/t Au
Andesitic volcanics 15m @ 16.80g/t Au
11m @ 6.87g/t Au
Mineralisation 19m @ 6.03g/t Au
53m @ 4.71g/t Au
13m @ 90.00g/t Au
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Tomingley Gold Project
Caloma
East – West Section
6394140
Alluvium
Cotton Formation
Feldspar porphyry
Volcaniclastic sediments
Graphitic mudstone
Volcaniclastic conglomerate
Epidote altered volcanics
Chlorite-talc schist
Andesitic volcanics
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TOMINGLEY GOLD PROJECT
Mineralised zone PE 253D Caloma (vg with coarse Py Asp) with andesitic volcanics and porphyry
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Tomingley Gold Project
Extensions
Wyoming - Caloma
Proposed
Pit Locations 20m x 20m
drill out over
400m strike
Addition gold potential
Caloma 200,000oz Extensions
� 400,000oz
Total Project potential
to approach 1Moz
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TOMINGLEY GOLD PROJECT

Development Summary

Definitive Feasibility Study program incl resource drill out Caloma, optimise open pits, optimise head grades and recoveries. Metallurgical work underway and +90% recoveries anticipated DFS scheduled for April 2009.

Detailed design and engineering for CIL treatment plant.

Complete Environmental Assessment and lodge Development Application early 2009

Investigate financing options, and possible development decision mid 2009

Current Concept: 1,000,000tpa open pits to produce an average 60-70,000oz pa Capital cost A$40-50 million ?

Five year open pit life; + Underground? [Underground 250,000 to 500,000 tpa]

Cash flows range to A$30M pa; open pits to generate A$150m

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Orange Area
Regional
Location Carlin and Ridgeway
type porphyry targets
Newmont Joint Venture
Molong and Moorilda
NMA to spend $5M before Cadia Valley
Aug 2010 to earn 51% +50Moz
Can go to 75% by carrying
all expenditures to final BFS
Orogenic (structural)
gold targets
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ODEJV
Moorilda McPhillamys Discovery 2006123m @ 1.96g/t Au10m @ 4.08g.t Au31m @ 1.64% znMcPhillamys Discovery 2006123m @ 1.96g/t Au10m @ 4.08g.t Au31m @ 1.64% zn
Geology and Prospects
7m @ 2.85g/t Au7m @ 2.85g/t Au
Tertiary
6m @ 2.37g/t Au
6m @ 2.37g/t Au
Granites [Carb-Sil + Ord Monzonite]
Siluro-Devonian volcanics and sediments
6m @ 3.52g/t Au
Ordovician volcanics 19m @ 1.23g/t Au and 0.20% Cu19m @ 1.23g/t Au and 0.20% Cu 6m @ 3.52g/t Au
Target corridor
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ODEJV
Moorilda
McPhillamys
Mineralisation ~0.5g/t Au o KPD 003
with drill hole 600m
locations 08 o KPD 002
Target potential
> 1Moz � 2.5Moz
200m
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ODEJV
Moorilda
McPhillamys
Drill Section
6292120mN
Strongly foliated dacitic schist
349m @ 0.87g/t Au
Med-coarse grained daciticvolcaniclastic 224m @ 1.11g/t Au
True widths ~ 85%
Coarse grained volcaniclastic
conglomerate (Epiclastic)
Strongly foliated dacitic schist
Intensely sericite-altered schist
Gold histogram
Zinc histogram
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ODEJV
Moorilda
McPhillamys
Drill Section
6292220mN
Strongly foliated dacitic schist
336m @ 1.85g/t Au
Med-coarse grained dacitic 264m @ 2.41g/t Au
volcaniclastic 109m @ 4.07g/t Au
Coarse grained volcaniclastic True widths ~ 75%
conglomerate (Epiclastic)
Strongly foliated dacitic schist
Intensely sericite-altered schist
Gold histogram
Zinc histogram
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ODEJV Moorilda McPhillamys Conceptual Target Size

Basic area currently defined at + 1g/t gold ~ 300m x 200m x 85% = 51,000m[2] To vertical depth of 350m = ~18 million m[3 ] Tonnage @ 2.8 sg = ~50 million tonnes

Grade @ 1.5g/t gold = ~2.5 million oz

The +0.5g/t envelope is >600m long and open to the north and south The IP chargeabilty anomaly also suggests more targets outside of this drilling Regional mineralisation extends over 4km and possible as much as 10km

Preliminary metallurgical scoping indicates +90% gold recovery from CIL Geometry would suggest low waste to ore ratio to significant depth

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ODEJV
Moorilda Silurian Volcanics
McPhillamys
Regional Geology
with IP chargeability
4km
The 2.5Moz target
Ordovician Volcanics
78m @ 1.04g/t Au
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ODEJV Moorilda McPhillamys Drill hole locations 300m with IP chargeability Target potential 200m 2.5 Moz ? x 3 ??

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ODEJV McPhillamys Project: RC Drill August 2008
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DUBBO ZIRCONIA PROJECT
Project Site and Infrastructure Location
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DUBBO ZIRCONIA PROJECT
Key metals
Light rare earths Heavy rare earths
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DUBBO ZIRCONIA PROJECT
Geology
0 200
metres
Jurasic trachyte subvolcanic intrusive . Drill hole collar
Triassic sediments
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DUBBO ZIRCONIA PROJECT RESOURCES Measured Resource : 35.7 million tonnes grading 0 - 55 metres 1.96% Zr02, 0.04%HfO2, 0.14% Y2O3 0.46% Nb2O5, 0.03% Ta2O5 , 0.014% U3O8, and 0.75% REO 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 Although the ore is not classified as a radioactive deposit, it contains 23 million lbs (10,200t) of uranium Production of uranium is currently prohibited in NSW

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 optimise flow sheet commenced at ANSTO Lucas Heights (Australian Nuclear Science and Technology Organisation) July 2006, with Demonstration Pilot Plant commissioned March 2008

Substantial product samples (several tonnes) from DPP to be distributed late 2008 Samples in 50 to 100kg lots

Market update completed late 2007 – strong growth predicted in most products Revise and update the 2002 feasibility study by mid to late 2009

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DUBBO ZIRCONIA PROJECT
PROCESS FLOW SHEET
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DUBBO ZIRCONIA PROJECT

Product market summary

Zirconium: 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 Hafnium: control rods for nuclear reactors; nextgen microprocessors

Niobium: HSLA steels; special alloys and glasses

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

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

Revenues: Base case 200,000tpa = US$50 million Likely 400,000tpa = US$100 million Open pit life > 200 years

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DUBBO ZIRCONIA PROJECT
Demonstration Pilot Plant - Shed
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DUBBO ZIRCONIA PROJECT
Demonstration Pilot Plant – Shed Internal
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DUBBO ZIRCONIA PROJECT
Demonstration Pilot Plant - Kiln
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DUBBO ZIRCONIA PROJECT

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Demonstration Pilot Plant – Primary Filter
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DUBBO ZIRCONIA PROJECT
Demonstration Pilot Plant – Solvent Extraction Circuit
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DUBBO ZIRCONIA PROJECT

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Demonstration Pilot Plant – Zirconium Recovery
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The Project Pipeline
PROJECT 2008 2009 2010 2011 2012 2013
TGP
Wyoming
Caloma
Peak Hill
DZP
ODEJV
McPhillamys ? ? ??
Wellington
Galwadgere
Exploration Resource Feasibility Construction Production
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ALKANE RESOURCES LTD
ABN 35 000 689 216
Multi Commodity
Development
in the Central West of
NSW
Arsenopyrite in Caloma core
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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 Person:

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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