RIU Explorers Conference

19th February 2019

The Emerging Wilcherry Gold Camp A High Grade, Shallow, SA Gold System

Cautionary & Competent Persons Statements

Cautionary and Forward Looking Statements

This presentation has been prepared by Alliance Resources Limited ("Alliance"). The information contained in this presentation is of a general nature only and does not constitute an offer to issue, or to arrange an issue, of securities or financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.

Before making an investment decision on the basis of this presentation, the investor needs to consider, with or without the assistance of a financial advisor, whether the investment is appropriate with due regard for their particular investment needs, objectives and financial circumstances.

Certain information in this document refers to the intentions of Alliance, however, these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Alliance's actual plans, results, performance or achievements to differ from those referred to in this presentation.

To the maximum extent permitted by law, none of Alliance's directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this document nor is any obligation assumed to update such information. In particular, no representation or warranty, express or implied, is provided as to its accuracy, completeness or currency of the information contained in this document. Alliance accepts no obligation to correct or update the information or opinions expressed in it. Opinions expressed are subject to change without notice and reflect the views of Alliance at the time of presenting.

Competent Person's Statement

The information in this report that relates to the Exploration Results is based on information compiled by Mr Anthony Gray and Mr Stephen Johnston. Mr Gray is a Member of the Australian Institute of Geoscientists and is a part-time contractor to Alliance Resources Ltd. Mr Johnston is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of Alliance Resources Ltd. Mr Gray and Mr Johnston have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Gray and Mr Johnston consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

ADVANCED GOLD PROJECT

PROGRESSING WEEDNANNA TOWARDS PRODUCTION

WILCHERRY PROJECT, SOUTH AUSTRALIA

  • High Grade, Shallow Gold System

  • 181,000 oz gold resource @ 5.1 g/t gold (49% Indicated Resources)

  • Scoping Study commenced, completion due Q1 2019

  • Positive Scoping Study will enable rapid transition to Pre-feasibility Study (PFS)

  • Existing environmental, heritage & hydrogeology studies from previous WH Iron Project

  • Significant exploration upside to increase the size of the Mineral Resource and near-regional potential for new gold discoveries (Wilcherry Gold Camp)

Corporate Overview

Capital Structure and Shareholders

CAPITAL STRUCTURE

Shares on Issue Market Cap

Cash @ 31 Dec 18 Listed Investments Enterprise Value Options

104.3 M $10.4 M

  • $ 3.0 M

  • $ 0.5 M

  • $ 6.9 M 1.5 M

MAJOR HOLDERS

Abbotsleigh Phoenix Portfolio Sandon Capital Top 20 holders

BOARD & EXECUTIVE MANAGEMENT

Ian Gandel

Chairman

Tony Lethlean

Director

Steve Johnston

Managing Director

Bob Tolliday

CFO & Co. Secretary

Anthony Gray

31.6 % 5.5 % 5.2 % 59.0 %

Exploration Manager

Mining entrepreneur involved in the industry since 1994. NED Chairman, Alkane Resources Ltd

25 years' experience in underground mining at

Kalgoorlie & Bellevue and stockbroking and project finance, including CIBC World Markets. NED Alkane

30 years' exploration and mining geology. Previous roles with Exco, Croesus, Metana, Wiluna and Metals Exploration

Chartered Accountant with over 30 years' experience including accounting, audit, corporate finance, including with KPMG and Pitcher Partners

20 years' experience in exploration and mining geology WMC, Barra Resources, Breakaway Resources, Octagonal Resources and Gandel Metals

Wilcherry Project

  • Located in the Gawler Craton, northern Eyre Peninsula, 40 km north of Kimba

  • Joint venture between Alliance (81.41%) and Tyranna Resources Ltd (18.59%)

  • Alliance has entered into agreement with Tyranna to acquire its remaining interest, as well as acquisition of an 80 person camp in Kimba, for $1.5 million

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Disclaimer

Alliance Resources Limited published this content on 19 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 February 2019 04:52:14 UTC