Devex Resources Ltd · ASX:DEV

Devex Resources — Uranium Equities — Investor Presentation (May 2017)

26 slides from Devex Resources's investor presentation, May 2017

  1. Slide 1: New targets, new opportunities in a world-class uranium province

    Corporate Presentation Investor Presentation – May 2017 ASX: UEQ New targets, new opportunities in a world-class uranium province Exploring the Alligator Rivers Uranium Province in the Northern Territory

  2. Slide 2: Disclaimer and Competent Person's Statement

    Disclaimer and Competent Person’s Statement  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

  3. Slide 3: The UEQ Overview

    Corporate Presentation The UEQ Overview Ideally positioned to capitalise on the renaissance of investor interest in uranium • High-quality Australian uranium explorer with strong asset base and accomplished technical team • Extensive and highly prospective +5,000km2 exploration portfolio in world-cl

  4. Slide 4: The Right Time…

    Corporate Presentation The Right Time… After a lengthy bear market, uranium prices appear to have turned the corner • Now is an opportune time to reinvigorate exploration activities as investor interest returns to the uranium sector • Recent U3O8 price turnaround follows years in the doldrums • More

  5. Slide 5: Alligator Rivers Uranium Province (ARUP)

    Corporate Presentation Alligator Rivers Uranium Province (ARUP) A new chapter of exploration at the Nabarlek Project  >500Mlb U3O8 endowment with >30 years of uranium production (ground tightly held)  Highly prospective (MacArthur sedimentary basin) – comparable to the Athabasca Basin, Saskatchewa

  6. Slide 6: A Global Analagoue: Athabasca Basin Uranium Province

    Corporate Presentation A Global Analagoue: Athabasca Basin Uranium Province Geological similarities to Athabasca demonstrate huge potential of ARUP • Both Athabasca and ARUP represent first significant deposition of unconformity-style uranium deposits in large-scale continental sedimentary basins fo

  7. Slide 7: Significant upside from exploration success

    Corporate Presentation Significant upside from exploration success Nexgen Energy……a case study for uranium exploration success!  Nexgen Energy (TSX: NXE) recent high grade discovery (“Arrow”) – mkt cap +C$1.0 billion  Arrow is now the largest undeveloped deposit in Athabasca Basin*  201.9Mlbs con

  8. Slide 8: UEQ – Extensive landholding in ARUP

    Corporate Presentation UEQ – Extensive landholding in ARUP Historical uranium mine and numerous uranium occurrences  UEQ holds total of >5,000km2 in granted tenements and EL applications over ARUP: • Nabarlek Mining Lease MLN 962 (UEQ Nabarlek Mine 100%); contains the historic Nabarlek 24Mlbs @ 1.8

  9. Slide 9: Nabarlek Uranium Project – Targeting High Grades

    Corporate Presentation Nabarlek Uranium Project – Targeting High Grades Historic uranium mine and numerous uranium occurrences  Uranium deposit models based on existing mines and occurrences in the region  Favourable geological settings include:  Basal unconformity of the Kombolgie Nabarlek Mine

  10. Slide 10: The Nabarlek Project – 2016 Field Activities

    Corporate Presentation The Nabarlek Project – 2016 Field Activities Exploration Targets • New technical review undertaken in early 2016 across the project • Review highlighted targets from integrated approach using geology-geophysics- geochemical datasets • Identified prospective areas with comparat

  11. Slide 11: Ground Gravity Surveys – 2016

    Corporate Presentation Ground Gravity Surveys – 2016 Exploration Targets  Gpx surveys (gravity, magnetics, EM) are driving recent exploration successes in ARUP and Athabasca basins by refining areas for targeted exploration follow-up  Ground gravity effective in defining basement structural trends

  12. Slide 12: New Exploration Target – Namarrkon

    Corporate Presentation New Exploration Target – Namarrkon Namarrkon radon-in-soil anomaly • Alpha-track radon gas surveys used routinely in uranium exploration – Nuclear track detectors measure radon (Rn) which is a radioactive element (gas) in the radioactive decay series of uranium-238 • New struc

  13. Slide 13: GC-11 Prospect

    Corporate Presentation GC-11 Prospect  Ground gravity survey showing 1VD bouger gravity image  Significant definition of structural trends and gravity lows across the survey area  Target areas shown (2-10) defined as gravity lows and intersecting fault structures (combination of gravity and EM) 

  14. Slide 14: GC-11 Prospect

    Corporate Presentation GC-11 Prospect 2015 drill testing  Target generated from application of new alteration model: • Drill holes NAR 7535, 7537 intersected uranium mineralisation over +30m downhole widths in haematite-altered Oenpelli Dolerite • Drill hole NAR 7534 intersected a unique alteration

  15. Slide 15: Nabarlek Offset Target

    Corporate Presentation Nabarlek Offset Target Testing for fault offset of the historical Nabarlek uranium deposit • Chlorite alteration signature in NAD083 >1% U3O8 high-grade 2015 Drill sections shells; truncated by dolerite supports lithogeochemistry Cahill Formation • Reflects alteration related

  16. Slide 16: Nabarlek Offset Target

    Corporate Presentation Nabarlek Offset Target Drill testing Nabarlek  Two 150m-spaced sections drilled normal to interpreted strike of Nabarlek structure projected below Oenpelli Dolerite  No significant uranium but: o Drilling intersected intense-moderate zones of silica-sericite +/- illite-carbo

  17. Slide 17: Nabarlek Offset Target

    Corporate Presentation Nabarlek Offset Target Drill testing Nabarlek  Alteration style and pathfinder geochemistry support Nabarlek Offset model with potential to locate other U deposits beneath the Oenpelli Dolerite  Priority target = 2.1km strike length of untested strike length of Nabarlek stru

  18. Slide 18: Regional Targeting

    Corporate Presentation Regional Targeting Significant regional potential on UEQ tenements  Dr Jon Hronsky engaged to undertake a mineral systems targeting study over the ARUP  This approach seeks to identify basin- wide regional controls on mineralisation and prioritises areas for focused explorat

  19. Slide 19: Regional Targeting

    Corporate Presentation Regional Targeting Regional Targets on UEQ ELA’s  Radiometric image (same area as previous figure) highlighting airborne radiometric anomalies  Additional significant radiometric anomaly NE of Nabarlek on EL application  Other EL application adjacent to Angularli uranium de

  20. Slide 20: Next Steps

    Corporate Presentation Next Steps 2017 Work Program  RC drill test Namarrkon radon-in-soil anomaly (1,500m RC), GC-11 target (1,000m)  Aircore drilling of target areas- QFZ, East QFZ, West QFZ, GC-1  Progress other priority tenement applications through to grant within the broader ARUP  Integrat

  21. Slide 21: Plateado Cobalt Project, Chile

    Corporate Presentation Plateado Cobalt Project, Chile The first step towards diversifying energy metals exposure  Binding agreement to earn-in to an 80% interest  Contains a historical mine reported to have produced high-grade cobalt  Recent sampling of historical workings has returned grades of

  22. Slide 22: Rudall River Project, Western Australia

    Corporate Presentation Rudall River Project, Western Australia Tenure adjacent to Kintyre (U) and Maroochydore (Cu)  100% interest in 3 EL’s (172km2) located in the Rudall River region of the Paterson orogen  Paterson orogen hosts significant deposits including Kintyre (U) and Maroochydore (Cu) 

  23. Slide 23: ANNEXURES

    Corporate Presentation ANNEXURES 23

  24. Slide 24: U3O8 – the Underlying Story

    Corporate Presentation U3O8 – the Underlying Story Forecast worldwide reactor numbers rising and uranium supply falling Reactor numbers driven by China – a sunny day in Beijing Cameco - “As annual supply adjusts and utilities’ uncovered requirements grow, the pounds available in the spot market won’

  25. Slide 25: Corporate Snapshot

    Corporate Presentation Corporate Snapshot Highly leveraged to exploration success Capital Structure Board & Management Shares 653M Tim Goyder Chairman Fully diluted 668M Bryn Jones Non Exec. Director Market Cap ~$5M (at 0.9c) Brendan Bradley Managing Director Cash $0.4M (at 31 Mar 17) Dr Kevin Frost

  26. Slide 26: Questions.

    Corporate Presentation Investor Presentation – May 2017 ASX: UEQ Questions.

Uranium Equities — Investor Presentation (May 2017) on 6ix