Alkane Resources Limited announced Initial Roswell Inferred Resource. The Roswell Deposit is located 3km south of Alkane's operating Tomingley Gold Operations (TGO) mine and processing facility. A 60,000 metre resource definition drilling program on the Roswell and San Antonio prospects is ongoing as part of an extensive regional exploration program aimed at providing additional ore feed, either at surface or underground, in the future to TGO. 34,193 metres of this program have been completed to date with results previously released. The drilling completed at the Roswell Deposit has been modelled and demonstrates an Inferred Mineral Resource using a 0.5g/t gold cut-off of: 7.02 million tonnes grading 1.97g/t gold (445,000oz). Further drilling at Roswell is underway to reduce the drill hole spacing in order to convert Inferred Resources to Indicated and Measured status. Scope exists to expand the Resources at depth with particular focus on the high grade zones in southern Roswell. Drilling is continuing in the prospective corridor to the south of Roswell and an initial Inferred Resource for the San Antonio deposit anticipated in March. NSW State Government Approval has been sought for an underground exploration drive to the Roswell Deposit, with equipment purchased, personnel recruited and land acquired in order to facilitate rapid development on approval. Tomingley Gold Project: Alkane Resources Ltd. 100%: The Tomingley Gold Project (TGP) covers an area of approximately 440km2 stretching 60km north-southalong the Newell Highway from Tomingley in the north, through Peak Hill and almost to Parkes in the south. The TGP contains Alkane's currently operating Tomingley Gold Operations (TGO), an open pit mine with a 1Mtpa processing facility that is transitioning to underground. Over the previous two years Alkane has conducted an extensive regional exploration program with the objective of defining additional resources that have the potential to be mined either via open pit or underground operations and fed to TGO. The program yielded broad, shallow high grade intercepts that demonstrate potential for material project life extension and show that a return to open pit mining and /or underground extension is possible with appropriate resource confirmation, landholder agreement and regulatory approvals. Geology: The Tomingley gold deposits are interpreted as orogenic gold systems positioned within a major structural zone. This style of deposit is well documented globally with the more significant examples in Australia being the Archean greenstone belts of the Yilgarn Craton in WA and the Paleozoic slate belts in Victoria. The Roswell deposit is hosted in the Mingelo Volcanic Formation, a strongly deformed and hydrothermally altered Ordovician aged belt of volcanics that are predominantly andesitic volcaniclastic breccias, lesser sandstone/siltstone units, lavas and black mudstones. The volcanics are overlain by the younger Cotton Formation siltstones. The resource drilling program has defined a fault bounded section of volcanic stratigraphy that has been rotated 15o east from striking approximately north-south. The mineralisation at Roswell is primarily hosted by two `brittle' volcanic units (monzodiorite and andesite) as per the structural setting observed at the Tomingley gold deposits. These volcanics host structural zones generated by a competency contrast between the `brittle' volcanics and `ductile' volcaniclastic meta-sediments. Mineralisation is characterised as similar to the Tomingley gold mineralisation, as quartz-carbonate- pyrite-arsenopyrite veins hosted in phyllic altered volcanics. These sheeted quartz veins are orientated as moderate to steep east dipping, striking approximately 10o east of north, and are typically constrained within the volcanic units. The mineralisation has been defined by drilling over a strike length of approximately 600 metres and remains open to the north and at depth. The higher grading mineralisation occurs in the southern section, proximal to and truncated to the south by a regional NW trending structure named the Rosewood Fault. The San Antonio deposit is a continuation of the mineralised zone to the south of the fault. The Rosewood Fault is of a similar orientation to the structure that dextrally displaces the Caloma deposits from the Wyoming deposits, positioned in the centre of the Tomingley `gold camp'. The mineralisation at the Roswell Deposit is displaced by four, approximately 4 metre thick dolerite dykes dipping steeply to the NNE, striking WNW. The dolerites postdate the gold mineralisation. Weathering of the mineralised bedrock has developed a saprolitic clay profile extending approximately 35 metres from the base of alluvium to fresh rock. The mineralised bedrock lies beneath a Cainozoic alluvium overburden between 30-55 metres thick. Inferred Resource: An initial Inferred Resource has been calculated on the Roswell deposit with a nominal 40 metre drill hole spacing, strike length of 600 metres to an average depth to -50mRL (approximately 300m below the ground surface). Some of the drill hole spacing used in the estimation is already infilled to 20 metres, however due to the complexity of the geology, the resource will be converted to Indicated status when the confidence through drilling the further areas of the resource to 20 metres spacing is completed: The Inferred Resource will be subject to further infill and extensional drilling with a view to both define the continuity of the mineralisation to the north and high grade zones at depth. Exploration Upside at Roswell: The Inferred Resource delineates a high grade large tonnage zone of mineralization proximal to the Rosewood Fault in the southern section of Roswell. There is considerable upside to further test the depth extensions of this significant ore zone. Other exploration targets are at the poorly constrained northern zone where mineralisation is open to the west and at depth where grade and tonnage potential is improving (RWD001 - 11.55m grading 2.15g/t Au from 323.45m and 7.65m grading 2.50g/t Au from 340.6m including 2.95m grading 4.48g/t Au from 345.3m). These areas are high priority targets for infill drilling and will be incorporated with the underway infill drilling program. In addition some targets will be tested from underground as the NSW State Government Approval has been sought for an underground exploration drive to the Roswell Deposit, with equipment purchased, personnel recruited and land acquired in order to facilitate rapid development on approval.