Slide 1: Alkane Exploration ASX presentation cover letter
‘A /- | ALKANE EXPLORATION LTD ‘em 2 A.B.N 35 000 689 216 wns: 18 May 2007 Manager Announcements Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000 Dear Sir, PRESENTATION Attached is a copy of a presentation fo shareholders immediately following the annua
Slide 2: Annual General Meeting 18 May 2007
a “4 . sen er Annual General Meeting 18 May 2007 ane ee
Slide 3: Australia — project locations
Australia — project locations i Pe i" j : : / af " nnn
Slide 4: Central West NSW Alkane Projects and major deposits
Central West NSW Alkane Projects and major deposits LEKANE Monriiia New South Wales, rospoer Location
Slide 5: Tomingley Gold Project regional outcrop geology
ect gley Gold Proj ional Outcrop Geology ° in . Cover Tom Reg Hervey Group Duiladerry Rhyolite Yeoval Granite 2 om] 2 co) 0 ® 4 6 u Mungincoble Chert =e La ae Bees Coiton Formation Voicanics ) Goonumbia (Mingelo = a See
Slide 6: Tomingley Gold Project
Tomingley Gold Project Weaning Wyoming Geological Summary Wyoming Two 7m @ 4. 22g/t Au ; New Inti sections 6m @ 2.03) Au 32m @ 6.76git Au 24m @A.80git Au Pelitic Sediments 18m @ 3.94g/t Au Wyoming One my Feldspar porphyry §47,7000z Volcaniclastic sediments ’ 3km Graphitic mudstone Lo Wyoming One Sou
Slide 7: Tomingley Gold Project — South View
Tomingley Gold Project — South View oe oe i Le ) oe i a. a ae ae Anlsle ve Le i CE a ee ei | i ;
Slide 8: Tomingley Gold Project Wyoming One Geological Interpretation
Tomingley Gold Project Wyoming One Geological Interpretation Pelitic Sediments Feidspar porphyry Volcaniciastic sediments Graphitic mudstone Volcaniciastic conglomerate Epidote altered volcanics Chiorite-taic schist Andesitic volcanics LIRANE
Slide 9: Wyoming One North — South Section
Tomingley Gold Project Wyoming One North — South Section 614075mE Alluvium Cotton Formation 2, Feldspar porphyry Voicaniclastic sediments Graphitic mudstone Volcaniciastic conglomerate Epidote altered volcanics Chiorite-talc schist Andesitic volcanics fi L \ : : Z 6m @O.53git Au oy 7 S ae f : 12m @
Slide 10: Wyoming One East - West Section
Tomingley Gold Project Wyoming One East - West Section 6393300mN Afluvium Cotton Formation eldspar porphyry Volcaniclastic sediments Graphitic mudstone Volcaniclastic conglomerate Epidote altered volcanics Chlorite-taic schist Andesitic volcanics 32m @ 1.75qtAu
Slide 11: Tomingley Gold Project Caloma Preliminary Geological Interpretation
Tomingley Gold Project Am @ 1 Sgit Au : Be @ Moat AU Caloma Preliminary Geological Interpretation Pelitic Sediments Calome Feldspar porphyry Voicaniclastic sediments 3 : > New RCO intersections. 39m @ 6.76g/t Au 24m @ 4.80g/t Au | o CC Volcaniclastic conglomerate / Q Dp 18m @ s94g/t Au Be | Hie ia G
Slide 12: Tomingley Gold Project Caloma RC Drilling May 2007
Tomingley Gold Project Caloma RC Drilling May 2007 y EDIE y Ve ; ; CD _ Le Vee ee ae y y yy ee yo a a y oe Ce 7 | oe oe oe se ees a i ia oe - Q Ie 7 a : ae ae bi
Slide 13: Resource Summary Wyoming One and Three
TOMINGLEY GOLD PROJECT Resource Summary Wyoming One and Three Dec 2005 0.75g/t gold cut off ail: ene i iQ
Slide 14: Wyoming Proposed Pit Locations
Tomingley Gold Project Wyoming Proposed Pit Locations Base Case wyomi One
Slide 15: Wyoming Development Summary
TOMINGLEY GOLD PROJECT Wyoming Development Summary Definitive Feasibility Study prograrn to optimise open pits, generate detailed underground mine plan, optimise head grades and recoveries Models range from 500,000tpa open pits to produce 30-35,0000z pa to 1,000, 000tpa open pits to produce 60-70,00
Slide 16: Dubbo Zirconia Project Site and Infrastructure Location
DUBBO ZIRCONIA PROJECT Project Site and Infrastructure Location : J / AL
Slide 17: Dubbo Zirconia Project Resources
DUBBO ZIRCONIA PROJECT RESOURCES Weasured Resource : 35.7 million tonnes grading 0-55 metres 1.96% Zr0,, 0.04%HFO,, 0.14% Y,0, 0.46% Nb,O,, 0.03% Ta,O, , 0.014% U,0,, and 0.75% REO inferred Resource : 37.5 million tonnes at similar grades 55 - 100 metres TOTAL : 73.2 million tonnes Major world resou
Slide 18: Dubbo Zirconia Project Process Flow Sheet
DUBBO ZIRCONIA PROJECT PROCESS FLOW SHEET Promary Crusher SCREENING | : * ‘Storage ped Residue __ — Storege JRelningk : pitation VREE _ Concentrate - _ Storage ee SS Yim Product Residue LKAN —rr—C—C“SCO
Slide 19: Zirconium Industry Structure and Market Entry Points
DUBBO ZIRCONIA PROJECT AIRCON | BADDELEYITE ELECTRIC ARC FURNACE Zirconium Chemicals Industry Structure and | thea eee 7 Market Entry Points —— ~ 140,000t zircon converts to ; — _ 96,000t of Zr chemicals aa “gee and 13,000 Zr metal
Slide 20: Current Zirconia Uses
DUBBO ZIRCONIA PROJECT CURRENT ZIRCONIA USES 2005 Consumption 2010 Estimated High growth areas: 96,000 tonnes 126,000 tonnes with industry growth rate of 4.5%pa Advanced ceramics and catalysts 13.0%pa Ceramic pigments 8.0%pa Source: TZ Minerals International Dec 05
Slide 21: Why strategically significant? Current Zircon Uses
DUBBO ZIRCONIA PROJECT Why strategically significant? Other Foundry 2%, 14% Ceramics 50% CURRENT ZIRCON USES 2006 World TV Glass is} Production 8% Refract efractory 1.2Mt 414% Source: Hluka Oct 05
Slide 22: Zircon Supply / Demand Outlook
DUBBO ZIRCONIA PROJECT Zircon Supply / Demand Outlook ry =~ 2 1600 3 c S 1400 5 £ * 2 2 1200 wo 3 s © 1000 8 3 | _ ee = e 800 @ ea Lijit i i | $ E 600 & GC 400 ~ _ w 2) a 5s 200 2 — Q a oe J 3 3 CSS ween enreaonnnen ” i) e2eogosccp Sooo fee rete anak Saaannrananss wet Balance (RHS) om Supply — Deman
Slide 23: Schematic Illustration of Niobium Industry Structure
DUBBO ZIRCONIA PROJECT Schematic Illustration of . . Metallurgical Niobium Industry _Structura steels —— . Stainless and heat Structure Pyroctiore i nl B suveratioys resistant steels Super conducting ‘magnets Columbite Tantalite Oxides Class Current World Output a ceramics * . AZLNG . Niobium . 35,0
Slide 24: DZP Possible Outputs
DZP Possible Outputs * Base case models of 200,000 to 500,000 tonnes per year throughput * 9,000 to 22,500 tonnes of zirconium chemicals (3kt to 7.5kt zirconia equivalent) * 600 to 1,500 tonnes of niobium-tantalum concentrate = 1,200 to 3,000 tonnes of yttrium-rare earth concentrates = 25 to 62 tonn
Slide 25: Process Flow Sheet — Possible developments
DUBBO ZIRCONIA PROJECT Process Flow Sheet — Possible developments Primary oe Crasher Bini aue Storage: ea Leaching { A Neutral ined iain & A) Precipitation _ Nitaiobn Preduct Vibes rae JOireaiiteny Preece Uranium Separated yttrium Nuclear power p and HREE’s for speciality Zirconium and Niobium and g
Slide 26: Zirconium and Hafnium Metal
DUBBO ZIRCONIA PROJECT ZIRCONIUM and HAFNIUM METAL ZIRCONIUM: _ sponge (~US$25-30/kg) > metal (~US$250/kg) Major uses: cladding in nuclear power plants, nuclear fuel rod tubing, corrosion resistant piping, special alloys, super glass Consumption: 13,000 tonnes plus but true figures probably higher H
Slide 27: Bulk sample for Demonstration pilot plant
DUBBO ZIRCONIA PROJECT October 2006 Bulk sample for Demonstration pilot plant
Slide 28: Demonstration Pilot Plant Shed April 2007
DUBBO ZIRCONIA PROJECT Demonstration Pilot Plant Shed April 2007 5 Mrcoiia Projet Demonstralian Pilot Plink Shed al ANBTO Minerals
Slide 29: Demonstration Pilot Plant Layout
DUBBO ZIRCONIA PROJECT Demonstration Pilot Plant Layout
Slide 30: Current Program
DUBBO ZIRCONIA PROJECT Current Program AusIndustry Commercial Ready Grant of A$3.29M on dollar for dollar basis to complete process optimisations, and construct and operate the Demonstration Pilot Plant (DPP). Total of about 27 months Laboratory program commenced at ANSTO (Lucas Heights) July 2006 w
Slide 31: Innovative developments with these metals continues
DUBBO ZIRCONIA PROJECT Innovative developments with these metals continues
Slide 32: Orange Area Regional Geology
Orange Area im @ 3.36git Au and 0.65% Zn Re gio nal : ' dm @ 9.69g/t Au and 0.20% Zn 41m @ 9.91g/t Au and 0.56% Cu 48m © 0.31git Au 0.35 % Cu Ta} a 4 G e 0 l oO gy 7 # Boreriore — core drilling of large IP Target Newmont Joint Venture ODEJV = Molong and Moorilda ia Fi 37k x 100-500m Cu-Au 33rn @ 0.2
Slide 33: ODEJV Molong - Borenore Prospect Core drilling May 2007
ODEJV MOLONG - Borenore Prospect Core drilling May 2007 LEKANE
Slide 34: ODEJV McPhillamys Discovery 2006
ODEJV McPhillamys Discovery 2006 123m @ 1,96g/t Au ° 40) 4.08q.1 Al Moorilda oe Geology and Prospects a : poem Browns Graen E 6m @ 2.379/t Au : j TM in Anomaly 19m @ 1.23g¢/ Au and 0.20% Cu
Slide 35: ODEJV Moorilda McPhillamys soil geochemistry
ODEJV Moorilda McPhillamys Soil geochemistry with drill hole : locations “Seils ¥ : LLKANE Newson. =) :
Slide 36: ODEJV Moorilda McPhillamys aerial photo
ODEJV Moorilda McPhillamys Aerial Photo with drill holes and sections
Slide 37: ODEJV McPhillamys Drill Section 6292050mN
ODEJV Moorilda McPhillamys Drill Section 6292050mN Legend Sediments Western altered sediments Altered-sediments Felsic volcanic / voicaniclastic Volcaniclastic sediments Mineralised Zone - Au Mineralised Zone - Zn >0.10% Zn HE >0.25 g/t Au —— NEWMONT. 2D s00me 1OnS ‘io Nord) Section 6292050mN
Slide 38: ODEJV McPhillamys Drill Section 6292120mN
ODEJV Moorilda McPhillamys Drill Section 6292120mN Legend Sediments Western altered sediments Altered-sedimenis Felsic volcanic / voicaniclastic Volcaniclastic sediments Mineralised Zone - Au Mineralised Zone - Zn 70.10% Zn @ 5 0.25 g/t Au —— NEWMONT. — PA5800mE B cl 2601 a epogtau gl ae from fom LO
Slide 39: ODEJV McPhillamys Mineralisation
ODEJV Moorilda McPhillamys Mineralisation with drill hole locations Target potential > 1Moz
Slide 40: ODEJV Moorilda - McPhillamys AC drilling September 2006
ODEJV MOORILDA - McPhillamys AC drilling September 2006
Slide 41: ODEJV Moorilda — McPhillamys Prospect
ODEJV MORILDA — McPhillamys Prospect MePhillamys Hil KPD 001. Zinc Zone NEWMONT.
Slide 42: Wellington Regional Geology
Wellington Bodangora Regional Geology Galwadgere Indicated Res Open pitable resource 2.09Mt @ 0.99% Cu and 0.3g/t Au +20,000t Cu / +25,0000z Au High quality copper concentrate
Slide 43: Wellington Galwadgere Geology and IP targets
Wellington Galwadgere Geology and IP targets FALKANE
Slide 44: BC Iron Ltd - Nullagine Project
BC Iron Ltd - Nullagine Project Channel Iron Deposits Total Length 90km Tonnage Potential >500Mt Alkane Retains 17% 9 million shares LIRANE Pot | Meadlane 4 | iccapina: (Ria). a a ‘Mindy Mindy i 120°00E, 4
Slide 45: Resource Summary
Resource Summary = Tomingley Gold Project Wyoming One Measured/Indicated/Inferred (0.75g/t) 6.30Mt @ 2.70g/t Au 547,700 oz Wyoming Three M/I/I 0.83Mt @ 2.20g/t Au 58,772 oz Peak Hill Sulphide Indicated/Inferred (0.5g/t) 11.22Mt @ 1.29g/t Au 467,570 oz Peak Hill Sulphide Indicated/Inferred (1.0g/t) 4
Slide 46: Next Months Strategy
12 Month Strategy * Complete feasibility study on Wyoming gold (TGP) — determine best dev option * Test additional resource targets within TGP — Caloma open pitable Myall United, Wyoming Three underground * DZP - Operate Demonstration Pilot Plant at ANSTO Advance feasibility study * Progress Orange
Slide 47: Focused on a multi commodity development program
Focused on a multi commodity development program in the Central West, NSW \ Disclaimer: This presentation contains certain forward looking statements and forecasts, including possible or assurned reserves and resources, production levels and rates, costs, prices, future performance or potential grow