Slide 1: Presentation letter to ASX
ALKANE EXPLORATION LTD ABN 35 000 689 216 Ih CORPORATE OFFICE: 129 Edward Street, Perth WA 6000 (PO Box 8178, Perth Business Centre, Perth WA 6849) Telephone +61 8 9227 5677 Fax:+61 8 9227 8178 Email: mail@alkane.com.au 29 May 2003 Manager Announcements Company Announcements Office Australian Stock
Slide 2: Annual General Meeting 29 May 2003
LKANE EXPLORATION LTD & ABN 35 000 689 216 ANNUAL GENERAL MEETING 29 MAY 2003 Continued discovery and development
Slide 3: Corporate Profile
a CORPORATE PROFILE ASX Code ALK (listed since 1969) Issued Capital 134m shares Cash $5.0m 2002 Loss Profit (2001 / 2000 1999/1998) ($530,600 / $543,00 / $560,000 / $404,000) No Debt
Slide 4: Corporate Summary
CORPORATE SUMMARY ALKANE EXPLORATION LID Australian Public Listed Company 100% 100% PEAK HILL GOLD MINE AUSTRALIAN ZIRCONIA LTD 150,000 2 gold production DUBBO ZIRCONIA PROJECT Zirconia production SULPHIDE DEVELOPMENT Ytiria-Rare Earth production + 400,000 az resource Niobium Tantalum production EXP
Slide 5: Locations
ocations
Slide 6: ab GL Sabie petal ues
ab GL Sabie petal ues : Sel Brian) sediments: ince Y Grd ovicianwaleanic complexe
Slide 7: Tomingley Gold Project Location
| ‘Tomingley Gold ~~ Proj ect Location
Slide 8: Slide 8
Slide 9: Wyoming One Section
— L - One | Section - © 6393375mN i £4
Slide 10: Wyoming One drill hole section
— Ove Tene cnon : | Drill hole with mineralisation - __ (Results in gitAu) __ Other drill hole. _ waaataha sn @ 347 G B Wrattd ben @ 4.30 2am @ 1087
Slide 11: Wyoming Drillhole Summary
Slide 12: Wyoming One Simplified Interpretation
Slide 13: os
os
Slide 14: Wyoming Three idealised oblique view
Wyoming | Three > Idealised— Oblique cue
Slide 15: Wyoming Drillhole Summary: Wyoming Three
Slide 16: Tomingley Gold Project Longitudinal Section - Wyoming
Slide 17: Tomingley Project Aeromagnetic Images
Tomingley Project Aeromagnetic Images
Slide 18: Tomingley Gold Project Aeromagnetic Image
Tomingley Gold Project Aeromagnetic Image ins
Slide 19: Wyoming Prospect — December 2002
Tomingley Gold Project Wyoming Prospect — December 2002 —
Slide 20: Wyoming Prospect WY376
Tomingley Gold Project Wyoming Prospect WY376
Slide 21: Wyoming Prospect — March 2003
_ Tomingley Gold Project Wyoming Prospect — March 2003 __
Slide 22: BS So
Co Le, << = es < : BS So ~~ SSeS < : eC x Ss oC =~ — SC = << OR se — Me Le Tae — - < SSS Se SRE = : ~ < SS = Se x + - . > + “ = < Se < oS SS ee oS SS SS = oe — Sa ~~ oc = ee ~ a < Se SS See = a ee = yy iy Yee A gy Wie ae Vie yy Ag; eee We eae ee We ee wae Se Oe ae ‘i / 1) i : : i / 1 a i) : i: / i:
Slide 23: Wyoming Prospect — April 2003
- Tomingley Gold Project | ‘Wyoming Prospect — April 2003
Slide 24: Wyoming Three Prospect — April 2003
Tomingley Gold Project Wyoming Three Prospect — April 2003
Slide 25: = es eS pe i a ee ; a oe. ” Sa e So
= es eS pe i a 2 ee ; a oe. ” Sa e So x = oS ee _ . ee a 8 _ = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = 7 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Slide 26: WY 468D — altered volcaniclastics
Tomingley Gold Project WY 468D — altered volcaniclastics
Slide 27: WY 468D — vein in altered volcaniclastics
Tomingley Gold Project WY 468D — ve in altered volcaniclastics
Slide 28: Selected 2003 Wyoming One Drill Results
a TOMINGLEY GOLD PROJECT Selected 2003 Wyoming One Drill Results 22m @10.66g/tAu incl 2m @ 107.5g/t Au 8im@ 426g/tAu__ incl 13m @ 16.44g/tAu 54m @ 3.80g/tAu_ incl 6m @ 12.66q/t Au 120m @ 3.85g/tAu incl 12m @ 21.20g/t Au 156m @ 1./1g/tAu incl 15m @7.02g/t Au 39m @ 3.47gitAu_ incl 6m @ 15.06g/t Au 18m
Slide 29: Wyoming Development Concept
a TOMINGLEY GOLD PROJECT Wyoming Development Concept Total drilling from May 2001 to December 2002 ~ 40,000 m in 363 holes Total expenditure to December 2002 A$1.1 million Further 15,000 m RC and core resource drilling scheduled first half 2003 5,000 m target development aircore drilling planned til
Slide 30: Peak Hill Gold Mine
a PEAK HILL GOLD MINE High Sulphidation Epithermal Gold Copper System (Ordovician) Conventional Open Cut Mining, Agglomeration Heap Leach Dump Leach of Oxidised Cap Production Commenced 1996 at Capital Cost $5 million Mined 3.385Mt @ 1.91 g/t Au and 1.499Mt @ 0.78 g/t Au Production 2003 Estimated 5
Slide 31: Peak Hill Gold Mine
PEAK HILL GOLD MINE Me igs ‘ # j @
Slide 32: Peak Hill sulphide
ES Ss N ONE O Z ATI L PHIDE LLOC L L SU RI D
Slide 33: Peak Hill Cross Section
PEAK HILL CROSS SECTION PRD2,5,&6. _ sbomRL- git Au, 0.22% Cu 200m RL = 5.66g/t Au 0.35% 0.2% "130m @ 156 y 239 | Om
Slide 34: Tomingley Gold Project sections
Slide 35: Peak Hill Gold Mine — OCE
PEAK HILL GOLD MINE — OCE Alkane’s commitment to sustainable development
Slide 36: Peak Hill Gold Mine OCE
PEAK HILL GOLD MINE OCE Alkane’s commitment to sustainable development
Slide 37: Dubbo Zirconia Project Summary
a DUBBO ZIRCONIA PROJECT SUMMARY « Project based upon large Jurassic aged alkaline volcanic complex with highly metal enriched vertical trachyte intrusive « One of the worlds largest | ,yttriumand resources (+ 100 million tonnes) - also contains significant and rare earth elements * Zirconium metal
Slide 38: Dubbo Zirconia Project Site and Infrastructure Location
Slide 39: Dubbo Zirconia Project Geology & Year Pit
DUBBO ZIRCONIA PROJECT Geology & 20 Year Pit NN ne i Hl ey”
Slide 40: Dubbo Zirconia Project Resources
DUBBO ZIRCONIA PROJECT RESOURCES Measured Resource : 35.7 million tonnes grading 0 - 55 metres 1.96% Zr0,, 0.04%HfO,, 0.14% Y,O, 0.46% Nb,O,, 0.03% Ta,O; and 0.75% REO Inferred Resource : 37.5 million tonnes at similar grades 55 - 100 metres TOTAL ‘ 73.2 million tonnes
Slide 41: Dubbo Zirconia Project Process Flow Sheet
: DUBBO : IRCONIA PROJECT — _ PROCESS FLOW SHEET
Slide 42: Mini Pilot Plant - Roaster
DUBBO ZIRCONIA PROJECT Mini Pilot Plant - Roaster Ls
Slide 43: Mini Pilot Plant - SX Circuit
DUBBO ZIRCONIA PROJECT Mini Pilot Plant - SX Circuit
Slide 44: Dubbo Zirconia Project Indicative Development
DUBBO ZIRCONIA PROJECT INDICATIVE DEVELOPMENT Conceptual Project at start up 200,000tpa ore processed Zirconium products 3000 tpa zirconia (ZrO, + HfO,) equivalent ZBS Zirconium basic sulphate ZOH Zirconium hydroxide ZCO Zirconium carbonate ZrO. Zirconia (calcined) Niobium - tantalum 600 tpa niobium
Slide 45: Dubbo Zirconia Project Indicative Financials
DUBBO ZIRCONIA PROJECT INDICATIVE FINANCIALS Conceptual Project at 200,000tpa - DFS November 2002 Production - ZrO, (+HfO,) : 3000tpa <8% world Y,0,+ REO: 1200tpa <8% world Ta,O.,Nb,0.: 600tpa minor Revenue - $35.0 to $50.0 million Operating Costs- $30/32 million (base case - reducible) Capital Cost
Slide 46: Preliminary Plant Layout
‘Preliminary Plant Layout
Slide 47: Proje
Proje aa
Slide 48: Dubbo Zirconia Project Current Summary
a DUBBO ZIRCONIA PROJECT Current Summary Advanced discussions in progress with existing major zirconia producer Agreement anticipated by the end of June 2003 Incoming party to earn an interest by funding construction and operation of demonstration pilot plant. Will provide product development techno
Slide 49: The Team
a THE TEAM Terry Ransted Chief Geologist Rimas Katraitis Senior Geologist David Meates Geologist Steve Woodham Field Supervisor Geoff Meates General Manager Gold Operations Shane Allison Operations Manager Mike Sutherland Environment Manager Glen Morgan Wet Plant Foreman David Moyses CAD — Drafting