ASX ANNOUNCEMENT

11 September 2015 ASX Code: AGS No. of pages: 12

COMPANY PRESENTATION

Please find attached a copy of a presentation to be made by the Managing Director, Mr Steve

Johnston at the General Meeting being held in Melbourne, Victoria today.

For and on behalf of the Board.

Bob Tolliday

Company Secretary

About Alliance Resources

Further information relating to the Company and its various exploration projects can be found on the

Company's website at www.allianceresources.com.au.

Suite 3, 51-55 City Road

Southbank, VIC, 3006

P +61 3 9697 9090 F +61 3 9697 9091 [email protected] www.allianceresources.com.au ABN 38 063 293 336

ALLIANCE RESOURCES

L I M I T E D

Extraordinary General Meeting

Level 26, 530 Collins Street, Melbourne

11 September 2015

Corporate Overview

Capital Structure

ASX Code AGS

Shares on Issue (11/09/15) 401,117,592

Options on Issue (expire 30/09/15) 59,342,937

Market Capitalisation ($0.13) $52 M Cash Reserves (30/06/15) $1.798 M Enterprise Value $50 M

Major Shareholders

Abbotsleigh (Ian Gandel) 25.9% Top 20 shareholders 52.6% Board & Management 29.5% Directors

John Dunlop Non Exec Chairman

Steve Johnston Managing Director Ian Gandel Non Exec Director Tony Lethlean Non Exec Director

Rejection of

$57.6m offer

announced

Sale of ACE's share of Four Mile for $73.975M announced

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Next 12 Months

EXPLORE EXISTING PROJECTS

 Monardes Copper-Uranium Project, Chile (drilling to start Jan 2016)

 Sierra Cinchado Copper-Silver Project, Chile

ACQUIRE NEW PROJECTS and/or FARM-IN JOINT VENTURES

 Take advantage of opportunities resulting from tight capital markets

 35 ASX resources companies reported

 Copper, gold, uranium, base metals, in:

 Chile

 Australia

 Other countries with low or acceptable geopolitical risk

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Why Chile?

Largest global copper producing country

 35% of global copper output for the last 30 years

 All major international miners represented in Chile

 Excellent port infrastructure

Experienced and professional mining (and services) workforce

Clear mining legislation

Clear foreign investment framework

 100% foreign ownership allowed

Corporate income tax rate of 22.5% in 2015 (25% from 2017) Australia has a signed double tax treaty with Chile

Free trade agreements with US, China, Canada and Australia

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Chilean Projects

Alliance has two project areas in Atacama Region III, located in northern Chile's iron-oxide copper-gold belt with potential for copper, gold, silver and uranium

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Monardes Cu-U Project Setting

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Monardes Cu-U Project, Chile (100%)

 Located within the Monardes basin adjacent to the Maricunga Belt metallogenic province of

Atacama Region III, 95 km east of Copiapo in northern Chile

 Two sub-parallel uranium-anomalous units with a total strike length of 9 km identified from airborne radiometrics over eastern limb of basin

 The primary target of the geophysical survey was a quartz-pebble conglomerate containing a small excavation for copper

 Limited rock chip sampling has reported:

 Cu >10,000 ppm in 13 out of 29 samples (highest Cu value 3.36%) with U >2000 ppm in 5 of the samples over 1.8 km on eastern unit

 Cu >3,000 ppm in all 4 samples (highest Cu value 3.34%) over 2.3 km on western unit

 The discovery of high grade uranium and copper mineralisation in a reduced conglomerate within a lower red-bed sandstone sequence represents, in Alliance's view, a previously unrecognised or underexplored exploration target requiring systematic follow-up

Refer ASX announcement dated 30 January 2015

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465.000 rrE

1:Sample loeation

* Cu >3000ppm (0.3%)

MNO?DW MDR021 MDR020

: *

*MDR065

Western Cu

; r..mR063*

:MNO DR018

--- *MDRcwr

mineralised unit ·

MNO:ID*

*MDR----Eastern Cu-U mineralised unit

:352**392

E:1

54 "C'l

........ . .. ..... . . . ....... . ......... . ... ..... . ''li!M NOOO ... . .. ............... ... .... ....................... ............ .5? .... §

50 z

*MDR069

MDR004 .:

19MDR001

MDR DR005

lKM

48

44

42

40

se

::.6

3'1

:

28

u

(cps)

465,000 rrE

www.alhanceresources.com.au

-- ··i··-- ----------------------------------------------------------------------------------------------------------------------------------------------------------------

Monardes Cu-U Project, Chile (100%)

Eastern conglomerate

(uranium anomalous)

Image looking southwest

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Cautionary & CP Statement

Cautionary Statement

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 and offer to issue, or to arrange an issue, of securities or the 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.
This presentation is based on internal company and joint venture partner reports, stock exchange announcements, stockbroker research and technical information believed to be reliable. To the maximum extent permitted by law, none of Alliance's directors, 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 presentation 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 presentation. 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 Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Andrew Bowden who is a Chartered Geologist and Fellow of the Geological Society of London, a Recognised Overseas Professional Organisation included in a list promulgated by the ASX from time to time. Mr Bowden is a part-time employee of Alliance Resources Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 Bowden consents to the inclusion in the report of the matters based on his information in the form and context in which it appears and subject to the qualifications entered in the JORC 2012 Table 1 Reports in the relevant ASX Announcements.

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Contact Details

Alliance Resources Limited

Suite 3, 51-55 City Road

Southbank Victoria 3006

T +61 3 9697 9090

F +61 3 9697 9091

Website: www.allianceresources.com.au

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