Slide 1: Cover letter to ASX: Presentation
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 2 March 2004 Manager Announcements Company Announcements Office Australian Stock
Slide 2: Continuing discovery and development
AKANE EXPLORATION LTD Continuing discovery and development March 2004
Slide 3: Corporate Profile
CORPORATE PROFILE 3 ASX Code 2 Issued Capital 4 Cash 3 2003 Loss Result (2002/01/00/99/98) ( 2 No Debt ALK (listed since 1969) 136m shares 9.8m listed opts / 9.2m unlisted $4.0m 1$0.53/ $0.54 / $0.56 / $0.4)
Slide 4: Central West
MN — Z = _ = S 72) rs <P) Z Central West
Slide 5: Central Lachlan Fold Belt NSW
Central Lachlan Fold Belt NSW Younge: Monzonitic intrusions Ordo arc volcanics Fifield complexes
Slide 6: Central West NSW Projects
Central West NSW Projects Younger granites Monzonitic intrusions olcanics Fifield complexes
Slide 7: Tomingley Gold Project
Tomingley Gold Project Regional Outcrop ae ee “ Yeoval Granite Forbes Group eee Mungincoble Chert Cotton Formation Goonumbla (Mingelo) Volcanics
Slide 8: Wyoming Drillhole Summary
Wyoming Drillhole Summary Alkane drillholes pre Jan 2003 Alkane drillholes Jan ~ Dec 2003 Feldspar porphyry
Slide 9: Wyoming One Simplified Interpretation
Wyoming One Simplified Interpretation ee 376 Structure a Pelitic sediments Volcaniciastic sediments Feids par porphyry m RL (-70m) ar porphyry 100m RL {-170m) elds par porphyry Om RL {-270m) Alkane drillhole till end 2002 Alkane drillnole 2003
Slide 10: Wyoming One East-West Section
Wyoming One East - West Section 6393350mN 2 Aluvium a Volcanicias tic sediments Felds par porphyry Mineralisation
Slide 11: Wyoming One North-South Section
Wyoming One North — South Section 614075mE a Volcanicias tic sediments | Felds par porphyry Mineralisation vem @ 4769" ne i @ 2108 on @ 207ot™ Aon) @ 100g A0n aioe eam ams O0g!t 4b 11 Gat) NGI) @ 9 59g), Mi idm @ 8220/1) Wb @ 7 Sbg/t)
Slide 12: Wyoming Three Interpretation
Wyoming Three 200mRL Interpretation Mineralized zone po Volcaniciastic sediments Felds par porphyry “} Alkane drillhole till end 2002 Alkane drillnole 2003 a OBO ne mia a0 me j : i i j a al el
Slide 13: Wyoming Three North-South Section
Wyoming Three North - South Section 614200mE Felds par porphyry Mineralisation
Slide 14: Tomingley Gold Project Wyoming Resources
TOMINGLEY GOLD PROJECT 4,095,000 2.49 785,000 3.34 380,000 4A5 5,260,000 2.76 WYOMING RESOURCES (0,75a/t Au cut off 4,835,000 2.24 1,025,000 2.76 520,000 3.49 6,380,000 2.43 497,920
Slide 15: Wyoming Conceptual Pit Locations
Wyoming Conceptual Pit Locations
Slide 16: Tomingley Gold Project Aeromagnetic Images
is Tomingley Gold Project : Aeromagnetic Images LK ANE
Slide 17: Tomingley Immediate Regional Targets
Tomingley oe, a Gold Project ae Immediate Regional Targets a ae LK ANE
Slide 18: Tomingley Gold Project Regional Targets
Tomingley Gold Project Regional Targets Yeoval Granite Forbes Group Cotton Formation Goonumbla (Mingelo) Volcanics
Slide 19: Wyoming Development Summary
TOMINGLEY GOLD PROJECT Wyoming Development Summary To end 2003 total drilling ~ 68,000m in 650 holes Resource compilation Current program: 5,000m RC at McLeans/Wyoming One South 2,000m core Wyoming One -> deep/structure 20,000m target development Tomingley structure Scoping / pre-feasibility studies
Slide 20: Bodangora Wellington Project Location
Bodangora , Wellington : Project Location Younger granites Monzonitic intrusions olcanics Fifield complexes
Slide 21: aS
aS
Slide 22: Bodangora Targets
000 oz © ll Targets I : Bodangora Mine |. ine kings & Dr ___ Mistoric 200, cs Same S on = oS = S pO ic Wor 1S H tor - _ Bodangora South — S
Slide 23: Bodangora drill section
>0.75% Cu over 2m >0.5g/t Au over 2m I 2200 mN 31.1m @ 1.86g/t Au 1.46% Cu 3.27 %2n 2000 mN Cu 0.25m @ 15 5git Au 5.5% Cu 230git Ag l 1800 mN o = 25 a, ¥ mA = 2 Pu is =P) eo bn = rr Es S 5p Us & Devonian - Silurian sediments and volcanics 5 3m @ 5 B2qit Au 7.07% | Permian sediments (off section) 18.
Slide 24: Molong Moorilda Cudal Project Locations
Molong Moorilda Cudal Project Locations Younge: Monzonitic intrusions Ordo arc volcanics Fifield complexes Rasiedeny Galgoweg. Wodomrke Poors
Slide 25: Moorilda geology
o S syenite rusives & volcanics monzonite & ~ ultramafic ranite Int ts. ics isions ~ ani TOUS, a Gi Sedimen Volcan iona Intru: Volc: Moorilda oO S fe cian arboni rdov Cc Silurian Or
Slide 26: Charlies/Mt Keenan
aS CharliéS/Mt Keenan
Slide 27: Peak Hill Gold Mine
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 2004 Estimated 2 -3
Slide 28: Peak Hill Gold Mine
PEAK HILL GOLD MINE PIT NOV 2002 cane
Slide 29: Dubbo Zirconia Project Summary
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 , yttrium and resources (+100 million tonnes) - also contains significant and rare earth elements ¢ Zirconium metal Zr
Slide 30: Dubbo Zirconia Project Process Flow Sheet
DUBBO ZIRCONIA PROJECT PROCESS FLOW SHEET
Slide 31: Dubbo Zirconia Project Current Summary
DUBBO ZIRCONIA PROJECT Current Summary Development joint venture signed with Astron Limited October 2003 Astron is ASX listed with major zirconia, zirconium chemicals production in north east China. Currently produces 25% of world output. Astron’s financials for 2002/03: A$6.24m atp on A$81.4m turno
Slide 32: Central West Conceptual Development Hubs
Central West Conceptual Development Hubs Younge: Monzonitic intrusions Ordo arc volcanics Fifield complexes
Slide 33: Western Australian Project Locations
WESTERN AUSTRALIAN PROJECT LOCATIONS MT KEITH LOOKOUT >| 9m @ 0.51%Ni 0.15m @ 2.9% Ni 0.2m @ 8.1%Ni 0.5-1.0%Ni over +m TEE STE SSUES LEONOR j - ne Aixane
Slide 34: Alkane Program to July 2004
ALKANE PROGRAM -> JULY 2004 : pre-feasibility; target development drilling; resource extension drilling expansion of detailed aeromagnetic coverage : detailed aeromognetics; data compilation; initial 2,000m RC reconnaissance drilling : data comp; ground EM at Galwadgere : detailed aeromag; auger geo
Slide 35: Alkane Strategy 2004-06
ALKANE STRATEGY 2004-06 : To develop a plus 100,000 oz per year output based upon production from Wyoming and Bodangora, and possibly Orange area (Moorilda Cudal). Review Peak Hill Centralise regional site management : advance Galwadgere to formally resource assessment/possible \ development. Assess