Resource Information - Alkane Resources Ltd
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Tomingley Gold Project – Mineral Resources (as at 30 June 2017)

These Mineral Resources are wholly inclusive of Ore Reserves.

(Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Koz)
Open Pittable Resources (cut off 0.50g/t Au)
Wyoming One 1,716 1.7 400 1.6 625 1.1 2,741 1.6 137
Wyoming Three 86 2.0 16 1.3 33 1.4 135 1.7 8
Caloma 954 1.6 1,016 1.2 824 1.2 2,794 1.3 120
Calome Two 0.0 956 2.1 927 1.1 1,883 1.6 97
Stockpiles 762 1.0 762 1.0 23
Sub Total 3,518 1.6 2,388 1.73 2,409 1.3 8.315 1.4 385
Underground Resources (cut off 2.50g/t Au)
Wyoming One 169 4.8 206 4.4 363 4.2 738 4.4 104
Wyoming Three 10 3.6 6 3.1 4 3.1 20 3.4 2
Caloma 5 3.0 16 2.9 21 2.9 2
Calome Two 80 3.4 53 3.2 133 3.3 14
Sub Total 179 4.7 297 4.1 436 4.0 912 4.2 122
Total 3,697 1.8 2,685 1.9 2,845 1.7 9.227 1.7 508
*apparent arithmetic inconsistencies are due to rounding

First released in ASX announcement dated 4 September 2017. Full details of methodology are given in that ASX announcement.

These Mineral Resource estimates are based on, and fairly represent, information which has been compiled by Mr Terry Ransted, who is a Member of the Australasian Institute of Mining and Metallurgy and an employee of Alkane Resources Ltd. Mr Ransted has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Ransted’s consent has been received for the inclusion in the report of the matters based on his information in the form and context in which they appear.

Tomingley Gold Project – Ore Reserves (as at 30 June 2017)

Deposit Proved Probable Total Total Gold
Tonnage Grade Tonnage Grade Tonnage Grade
(Kt) (g/t Au) (Kt) (g/t Au) (Kt) (g/t Au) (Koz)
Open Pittable Reserves (cut off 0.50g/t Au)
Wyoming One 1,033 1.7 134 1.5 1,167 1.6 63
Wyoming Three 0 0 0 0 0 0 0
Caloma One 58 2.2 0 0 58 2.2 4
Caloma Two 167 2.7 167 2.7 14
Stockpiles 762 1.0 762 1.0 22
Sub Total 1,853 1.4 301 2.2 2,154 1.5 104
Open Pittable Reserves (cut off 2.50g/t Au)
Wyoming One* 224 4.0 300.5 3.4 524.4 3.7 62
Sub Total 224 4.0 300.5 3.4 524.4 3.7 62
Total 2,077 1.7 602 2.8 2,678 1.9 166
*apparent arithmetic inconsistencies are due to rounding

First released in ASX announcement dated 4 September 2017. Full details of methodology are given in that ASX announcement.

These Ore Reserve estimates are based on, and fairly represent, information which has been compiled by Mr John Millbank (Proactive Mining Solutions), an independent consultant, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Millbank has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Millbank’s consent has been received for the inclusion in the report of the matters based on his information in the form and context in which they appear.