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ALLIANCE RESOURCES LTD

Annual General Meeting

2021

N

high-magnetic

granite

magnetite skarn

1.2 kilometers

granite

Cautionary & Competent Persons

Statements

Cautionary and Forward Looking Statements

onlyThis 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.

Bef re 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 announcement includes certain forward looking statements, including, without limitation, those concerning economic outlook for the mining industry,

useTo the maximum extent permitted by law, none of Alliance's directors, officers, employees, advisors or agents, accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss or damage 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. To the maximum extent permitted by law and the ASX Listing Rules, the Company accepts no

xp ctations regarding gold prices, exchange rates, production rates and costs and other operating results, growth prospects and the outlook for the

Company's operations contain or comprise certain forward looking statements that involve various risks and uncertainties. Although the Company believes that the expectations reflected in such forward looking statements are reasonable at the date of the announcement, no assurances can be given that such

tatements will prove to have been correct.

ob igation to correct or update the information or statements contained therein.

Competent Person's Statement

The information in this report that relates to the Exploration Results is based on information compiled by Mr Anthony Gray. Mr Gray is a Member of the Australian Institute of Geoscientists and is a full time employee of Alliance Resources Ltd. Mr Gray has 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 a Competent Person as defined in the 2012 Editi n of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Gray consents to the inclusion in the report

f the matters based on their information in the form and context in which it appears.

2

AGM Presentation 25 November 2021

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Alliance Overview

Capital Structure and Shareholders Statements

CAPITAL STRUCTURE

BOARD & EXECUTIVE MANAGEMENT

Shares on Issue

208.0 M

Mkt Cap @ $0.17

$35.4 M

only

Ian Gandel

Chairman

Mining entrepreneur with 25+ years in the exploration and mining industry.

Non-Executive Chairman, Alkane Resources Ltd and Australian Strategic Materials Ltd.

Cash @ 30 Sept 21

$ 2.0 M

Listed Investments

$ 0.1 M

Enterprise Value

$33.3 M

Options

9.3 M

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MAJOR HOLDERS

Tony Lethlean

Director

Steve Johnston

Director

Kevin Malaxos

Managing Director

25+ years in underground mining, stockbroking and project finance, including CIBC World Markets. Non-Executive Director, Alkane Resources Ltd.

38 years in exploration, mining, project management

  • corporate administration. Previous roles include Exco, Croesus, Metana and Metals Exploration.

Mining engineer with 35+ years in mining industry, including open pit and underground operations and management. Previous roles include Centrex Metals, Mt Gibson Iron and WMC Resources.

Abbotsleigh / GM

72.2 %

Sandon Capital

10.5 %

Top 20 holders

92.9 %

ersonal

Bob Tolliday

CFO & Co. Secretary

Anthony Gray

Exploration Manager

Chartered Accountant with 30+ years in accounting, audit, corporate finance, including with KPMG and Pitcher Partners.

20+ years in exploration and mining geology. Previous roles with WMC, Barra Resources, Breakaway Resources and Octagonal Resources.

3 AGM Presentation 25 November 2021

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Weednanna Gold / Iron Deposit

Location

onlyuse ersonal4 AGM Presentation 25 November 2021

  • Southern Gawler Craton, South Australia
  • 50 km north of the township of Kimba
    • 100% owned
  • Significant tenement holding
    • In excess of 1500 km2
  • Well serviced by large regional centres
    • Whyalla, Port Augusta and Port Lincoln
  • 3 Ports within trucking distance suitable for bulk commodity exports
    Whyalla, Cape Hardy, Lucky Bay
  • 450km N-W of Adelaide by road

www.allianceresources.com.au

Weednanna Gold / Iron Deposit

3D Geological Model

only

conceptual

West Pit

Shoot 3

Shoot 8

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Shoot 1

Shoot 9

Shoot 11

Shoot 7

Shoot 7A

conceptual

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East Pit

Shoot 4

Shoot 5

5 AGM Presentation 25 November 2021

Shoot 2

Shoot 10

Shoot 6

Shoot 5E

83% of Mineral Resources occurs within 120m of surface

which is a function of the average depth of RC drilling to date

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Alliance Resources Limited published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 23:39:04 UTC.