Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (February 2021)
22 slides from Devex Resources's investor presentation, Feb 9, 2021
Slide 1: Exploring in Australia's Discovery Hotspots
EXPLORING IN AUSTRALIA’S For personal use only DISCOVERY HOTSPOTS Investor Presentation February 2021 ASX : DEV
Slide 2: Important Information
For personal use only Important Information Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such s
Slide 3: Exploring in Australia's discovery hot-spots
Julimar Complex, WA (Earn-In and 100% applications) Exploring in Australia’s discovery hot-spots • New high-grade palladium-nickel discovery by Chalice Mining Limited demonstrates enormous potential for the region. For personal use only • Exploration underway at Sovereign Project - new results suppo
Slide 4: Led by an invested and highly motivated team
Led by an invested and highly Supported by an experienced motivated team… technical team and board • Industrial Chemist with extensive experience For personal use only in the uranium industry. • Experienced in the technical evaluation, construction and operation of projects in various commodities. B
Slide 5: Corporate Overview: Well funded for discovery success
For personal use only Corporate Overview: Well funded for discovery success Capital Structure Major Shareholders Shares 283M Tim Goyder (Chairman) 19% Options 15.5M Top 20 42% Market Cap $59M (at 21c) Cash1 $11.9M Assets PhosEnergy Limited (8.8%): 5.1M Shares Board & Management Tim Goyder Chairman B
Slide 6: Julimar Complex Nickel-Copper-PGE
Julimar Complex For personal use only Nickel-Copper-PGE WESTERN AUSTRALIA PERTH Sovereign Project & Julimar Applications Developing a strategic position within a new exploration hot spot Drilling for nickel-copper-platinum group element (PGE) deposits
Slide 7: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Recent high-grade palladium and associated nickel-copper- For personal use only platinum group elements (Ni-Cu-PGE) discovery by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region. • Sovereign Project is l
Slide 8: Sovereign Nickel-Copper-PGE Project: Major drill campaign underway
Sovereign Nickel-Copper-PGE Project: Major drill campaign underway For personal use only • Multiple shallow Ni-Cu-PGE anomalies from shallow bauxite drilling, together with DevEx rock chips: o Assays of up to 1,210ppm Ni, 395ppm Cu, and 83ppb palladium + platinum (Pd+Pt) • Maiden air-core drilling u
Slide 9: NSW Gold, Copper-Gold Portfolio
NSW Gold, Copper-Gold Portfolio For personal use only Wilga Downs Project Junee Project Basin Creek Project Wilga Downs Project SYDNEY Basin Creek & Large scale gold and copper-gold potential, tightly held by major miners Junee Projects Encouraging early drilling campaigns
Slide 10: Cobar Gold-Base Metal Projects: DevEx further strengthens NSW portfolio
Cobar Gold-Base Metal Projects: DevEx further strengthens NSW portfolio New discovery opportunities within the highly prospective Cobar For personal use only mining region, western Lachlan Fold Belt. 1. Wilga Downs Gold-Base Metal Project • Earn-In Agreement with Thomson Resources Ltd (TMZ), to earn
Slide 11: Wilga Downs Project: Encouraging initial drill results
Wilga Downs Project: Encouraging initial drill results For personal use only • Strong coincident magnetic and gravity high identified beneath historical anomalous copper, lead and zinc intercepts. • Magnetic/Gravity highs located on the prospective fault contact between Cobar Supergroup and Girilamb
Slide 12: Wilga Downs Project: Further exploration underway to test 'near miss'
Wilga Downs Project: Further exploration underway to test ‘near miss’ For personal use only • Drilling targeted the western magnetic high – intersecting a narrow zone of semi massive pyrrhotite (magnetic sulphide) with associated copper sulphide. • Insufficient levels of high/broad magnetic suscepti
Slide 13: Central Lachlan Fold Belt Region: sizeable portfolio amongst mining majors
Central Lachlan Fold Belt Region: DevEx has built a sizeable portfolio amongst mining majors For personal use only 1 A world-class gold, copper-gold Belt Host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd) as well as several largescale gold deposits including Cowal Gol
Slide 14: Junee Project: Underexplored southern extension of the Macquarie Arc
Junee Project: Underexplored southern extension of the Macquarie Arc For personal use only • 2017: Re-rating with Government mapping identifying porphyry monzonite intrusion (Cu-Au bearing Cooba Monzonite) contemporaneous with the Cu-Au bearing Northparkes and Cadia Ridgeway porphyry intrusions2. •
Slide 15: Junee Project: Testing priority Nangus Road Porphyry Cu-Au Target
Junee Project: Testing priority Nangus Road Porphyry Cu-Au Target For personal use only Nangus Road: • +2 km magnetic anomaly shows similarities to Ordovician Cu-Au Cooba Monzonite to the north. • 1st drill hole intersects altered monzonite with trace copper Billabong Creek sulphides associated with
Slide 16: Basin Creek Project: +3.5km gold system defined at Main Ridge Prospect
Basin Creek Project: +3.5km gold system defined at Main Ridge Prospect For personal use only • Large-scale, continuous system of gold-in-soil anomalies, +3.5km in length at the Main Ridge Prospect. • 14 reconnaissance RC/Diamond drill holes completed – first pass exploration to test large gold syste
Slide 17: Nabarlek Project Uranium, Copper-Gold
Nabarlek Project For personal use only Uranium, Copper-Gold NORTHERN TERRITORY High-grade uranium-copper-gold opportunity in a proven uranium system DevEx well positioned to benefit from an improving uranium market
Slide 18: Major uranium asset in Australia's highest grade uranium province
Major uranium asset in Australia’s highest grade uranium province For personal use only The Alligator Rivers Uranium Province (ARUP) • +500 Million Pounds U O endowment (mined and current 3 8 Resources). • Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb U3O8). • Significant potential exists
Slide 19: Next Steps: Planned timeline to drill
Next Steps: Planned timeline to drill 2021 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 For personal use only Sovereign Project, Julimar Complex, WA • Surface geochemistry (incl. Auger sampling) • Ground EM • Maiden air-core (AC) drilling program • RC / DDH Drilling Program Drilling Scheduled Wilga Dow
Slide 20: DevEx Strategy
DevEx Strategy For personal use only 1 Leveraged for Upside DevEx Projects are unconstrained by historical exploration and any discovery success will have a profound impact. 2 Unexplored Exploring newly recognised extensions of Australia’s most promising mineral belts on previously untouched ground.
Slide 21: Additional References
Additional References For personal use only Julimar Complex & Sovereign Project - Slide 7-8: 1. Chalice Gold Mines Limited (ASX:CHN) ASX announcement “High-Grade Ni-Cu-Pd Sulphide Intersected at Julimar” on 23rd March 2020 and “High-grade Ni-Cu-PGEs confirmed in discovery zone at Julimar” on 25th Ma
Slide 22: Contact Details
For personal use only Contact Details Level 3, 1292 Hay Street West Perth WA 6005, Australia +61 8 6186 9490 +61 8 6186 9495 info@devexresources.com.au www.devexresources.com.au https://twitter.com/DevExResources https://www.linkedin.com/company/devex-resources/ Investor Relations Read Corporate Nic
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