Alkane Resources Ltd. announced that as of 1 September 2017, Mr. Ian Chalmers will be stepping down as Managing Director of the Group, making way for the appointment of Nic Earner in his place. Mr. Earner joined the Group as Chief Operations Officer in August 2013, with responsibility for the safe and efficient management of the Company's operations at Tomingley. Under his supervision, the successful development of TGO transitioned to profitable and efficient operations.

His guidance also drives the engineering and metallurgical aspects of the Dubbo Project, overseeing optimisation of plant design and product and marketing development. In addition Mr. John Dunlop will be retiring effective from 1 September 2017. As part of the rejuvenation process, Mr. Ian Gandel will assume the role of non-executive Chairman, steering the company through the crucial funding stage of the Dubbo Project.

Mr. Chalmers will remain on the Board as Technical Director providing ongoing support to the Group's management team with regard to the DP and the Group's technical activities, ensuring the Group continues to benefit from his geological expertise and his substantial intellectual data base of knowledge on the DP, its products and their markets.