Alkane Resources — Investor Presentation 2008

Aug 31, 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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1 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 Mining New South Wales Conference being held in Orange, 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

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ALKANE RESOURCES LTD
ABN 35 000 689 216
Mining NSW Conference
Orange
1 September 2008
www.alkane.com.au
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Australia – project locations
Nullagine BC Iron
9M shares = A$8M
Leinster Nickel JV Central West NSW
Xstrata Nickel Gold – Copper
Rare metals
Perth
Sydney
500 km
Project
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Central West Tritton Copper
NSW
The Peak
2Moz
Alkane Projects
and TGP Gold Copper - gold
major deposits Syerston Ni Pt DZP
Newmont JV
Gold - copper
Rio Tinto
2Moz 1.5Mt Cu
All Alkane projects
Newcrest
within the 120km Barrick 30Moz 2Mt Cu
diameter circle 4.5Moz
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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
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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Porphyry
Tomingley Gold Project Contact
‘376’
Wyoming One ‘831’
Hangingwall
Geological Interpretation
Pelitic Sediments
Feldspar porphyry
Volcaniclastic sediments
Graphitic mudstone
Volcaniclastic conglomerate
Epidote altered volcanics
Chlorite-talc schist
Andesitic volcanics
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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 15/08/08

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Tomingley Gold Project
Caloma
Preliminary
Geological Interpretation
Pelitic Sediments Sections
Feldspar porphyry
Volcaniclastic sediments
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
14m @ 4.83g/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
Caloma
East – West Section
6394260
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 (vg with coarse Py Asp) with andesitic volcanics and porphyry
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Tomingley Gold Project
Proposed
Pit Locations
Addition gold potential
Caloma 200,000oz
� 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 early 2009.

Detailed design and engineering for CIL treatment plant.

Complete Environmental Assessment and lodge Development Application early 2009

Investigate financing options, and possible development 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
Aug 2010 to earn 51% Cadia Valley
+30Moz
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 Au6m @ 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 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 to the west of 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
Moorilda
McPhillamys
2008 Program
4km
McPhillamys Scoping
7,000m RC + Core drilling
Regional Scouting
4,000m RC + Core drilling
incl IP and Kings Plains Area
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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
Jurrasic 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 (50 to 100kg) from DPP to be distributed in 2H 2008

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

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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/batteries, particularly for hybrid vehicle motors

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DUBBO ZIRCONIA PROJECT

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Current
Zirconia
Zr Chemical
Uses
2006 Consumption 100,000 tonnes
2010 Estimated 126,000 tonnes with industry growth rate of 4.5%pa
High growth areas: Advanced ceramics and catalysts 13.0%pa
Ceramic pigments 8.0%pa
TZ Minerals International Dec 07
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DUBBO ZIRCONIA PROJECT
Structure of the Zirconia Industry
Dubbo Zirconia
Project
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Products range from US$5 to +US$20/kg (ZrO2 equ) depending upon quality and use Zirconium metal ranges from US$25/kg to US$250/kg TZ Minerals International Aug 06/Dec07

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DUBBO ZIRCONIA PROJECT
Primary niobium production
Since early 2007, price has spiralled to US$65/kg from long term base of
around US$16/kg. Currently ~US$55/kg TIC Dec 07
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DUBBO ZIRCONIA PROJECT
Schematic Illustration of
Metallurgical
� Structural steels
Niobium Industry � resistant steelsStainless and heat
Structure Pyrochlore FeNb �� magnetsSuperalloysSuper conducting
ColumbiteTantalite Nb 2O 5 Oxides
� Class
2007 (as pentoxide) � Ceramics
AZL Nb
Concentrate
Niobium
86,000t – 90% Brazil Nb Raw Materials Intermediate Products Applications
DZP product estimated to range from US$25 to US$35/kg depending
upon quality and use, and long term sustainable pricing
TZ Minerals International Dec07
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DUBBO ZIRCONIA PROJECT
Yttrium - Rare Earth Market
China currently produces 95% of world output of 122,500 tonnes 2007
2012 demand forecast 190,000 tonnes. China is limiting the export of raw materials
Roskill 2007
IMCOA 2008
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DUBBO ZIRCONIA PROJECT
Yttrium - Rare Earth Market
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Big growth areas are magnets Dy-Tb-Nd-Sm and rechargeable batteries Nd (metal alloys) for electric and hybrid vehicles. Also phosphors Y-Tb-Eu (TV, computer, LCD’s), and ceramics Y-Tb and catalysts Ce

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Roskill 2007
IMCOA 2008
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DUBBO ZIRCONIA PROJECT
Yttrium - Rare Earth Market
200,000 200,000
175,000 175,000
Shortfall
150,000 150,000
125,000 125,000
100,000 100,000
75,000 75,000
50,000 50,000
25,000 25,000
0 0
China ROW Supply Global Demand China Demand
DZP product ranges US$11 to US$15/kg per contained Y2O3
and US$13 to US$15/kg per contained REE’s
Roskill 2007
IMCOA 2008
2000 2001 2002 2003 2004 2005 2006 2007f2008f 2009f 2010f2011f 2012f
Demand tpa - REO
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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
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
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
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Multi Commodity Development in the Central West of NSW Arsenopyrite in Caloma core

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.

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