Resource Information - Alkane Resources Ltd
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Tomingley Gold Project – Mineral Resources (as at 30 June 2018)

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 410 1.6 991 1.7 137 0.7 1,538 1.6 79
Wyoming Three 86 2.0 16 1.3 33 1.4 135 1.7 8
Caloma 895 1.6 1,016 1.2 824 1.2 2,735 1.3 116
Calome Two 71 2.1 824 1.98 26 1.4 921 2.0 59
Sub Total 1,462 1.6 2,847 1.73 1,020 1.3 5,329 1.5 262
Underground Resources (cut off 2.50g/t Au)
Wyoming One 0 0.0 866 4.0 110 3.2 976 3.9 122
Wyoming Three 10 3.6 6 3.1 4 3.1 20 3.4 2
Caloma 82 3.8 35 3.4 47 3.0 164 3.5 18
Caloma Two 0.0 218 3.6 76 3.2 294 3.5 33
Sub Total 92 3.6 1,125 3.9 237 3.2 1,454 3.7 175
Total 1,554 1.8 3,972 1.9 1,257 1.7 6,783 1.8 437
*apparent arithmetic inconsistencies are due to rounding

First released in ASX announcement dated 8 October 2018. Full details of methodology are given in that ASX announcement.

Tomingley Gold Project – Ore Reserves (as at 30 June 2018)

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 193 1.7 4 2.3 197 1.7 11
Wyoming Three 0 0.0 0 0.0 0 0.0 0
Caloma 0 0.0 0 0.0 0 0.0 0
Caloma Two 18 1.8 2 1.5 20 1.8 20
Stockpiles 1,257 1.0 0 0 1,257 1.0 39
Sub Total 211 1.6 6 1.7 1,474 1.5 70
Underground Reserves (cut off 2.50g/t Au)
TGO underground 45 2.7 688 3.2 732 3.1 74
Sub Total 45 2.7 688 3.2 732 3.1 74
Total 256 1.8 694 1.9 2,206 1.8 166
*apparent arithmetic inconsistencies are due to rounding

Released in ASX announcement dated 8 October 2018. 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 Craig Pridmore, Geology Superintendent of Tomingley Gold Operations, who is a Member of the Australasian Institute of Mining and Metallurgy and an employee of Alkane Resources Ltd. Mr Pridmore 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 Pridmore consented to the inclusion in the report of the matters based on his information in the form and context in which they appear.