Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (May 2026)
26 slides from Devex Resources's investor presentation, May 4, 2026
Slide 1: A New Force in Uranium
For personal use only A New Force in Uranium Exploration strategy & Execution ASX: DEV May 2026
Slide 2: Important Information
Important Information Forward Looking Statements • “Significant Uranium Mineralisation Intersected at Nabarlek as 2024 Exploration Gains Momentum” released on 17 This Presentation contains forward-looking statements which are identified by words such as ’will’, ‘may’, ‘could’, July 2024; ‘believes’,
Slide 3: Introduction to DevEx Resources
For personal use only Introduction to DevEx Resources ASX-listed Australian uranium company with 20+ years experience in responsible uranium exploration, project generation and remediation, and a dynamic growth outlook. Led by a value-driven Board and Executive team with a history of building succes
Slide 4: Corporate Overview
Corporate Overview Capital Structure Board and Executive Shares 710.1M1 Non-Executive Chairman Tim Goyder For personal use only Options and Performance Rights 42.4M1 Managing Director Marnie Finlayson Non-Executive Director Matthew Yates Market Cap ~$138M (at $0.19.52) Technical Director Brendan Bra
Slide 5: From Optional to Strategic — The Market Has Changed
From Optional to Strategic — The Market Has Changed 400% “AI, data centres and a more volatile geopolitical environment are driving demand for nuclear to the top of the agenda” For personal use only uranium price spike after the last major supply shock — World Economic Forum, April 2026 (1973 OPEC e
Slide 6: Strategy: DevEx's Three Pillars for Growth
Strategy : DevEx’s Three Pillars for Growth Our vision is to be a New Force in Uranium; to build a high-quality uranium house through industry consolidation and successful exploration and development, with an aspirational long-term vision to produce over 10Mlbs per year across multiple assets. For p
Slide 7: DevEx's NT Uranium Strategy
For personal use only DevEx’s NT Uranium Strategy Find, build and operate within a world-class mining region
Slide 8: Giant high-grade unconformity-type uranium deposits: found in only two regions
Giant high-grade unconformity-type uranium deposits: Found in only two regions of the world DevEx’s Exploration Strategy Replicate the success of the Athabasca Basin and leverage DevEx's position as the dominant uranium explorer in the McArthur Basin, powered by a resurging uranium price For persona
Slide 9: The Tale of Two Basins: Targeting the Next Giant
THE TAIL OF TWO BASINS Unconformity-Type Uranium Deposits: Targeting the Next Giant McArthur Basin, Northern Territory Athabasca Basin, Canada For personal use only DevEx’s uranium strategy: Targeting Jabiluka-Scale Opportunities 9 Source: Public information. Mineralisation outlines may vary between
Slide 10: Unconformity Uranium Deposits: Standing Apart on Grade & Scale
STRATEGIC TARGETING THE MCARTHUR BASIN Unconformity Uranium Deposits: Standing Apart on Grade & Scale 1,000,000 Uranium Deposits of Australia For personal use only 100,000 Yeelirrie Tonnage (‘000 t) 10,000 1,000 0.1 1.0 10.0 10 Source: See References Slide. Note: Graph excludes Olympic Dam Grade (U3
Slide 11: Strategic advancement of DevEx's target-rich NT pipeline
Strategic advancement of DevEx’s target-rich NT pipeline Field Application Progress Access Target Definition Drill Ready Confirmation to Drill For personal use only Harrier U40 QF Region Region Dan A Skytrain Sandfire Hawker Murphy West Two Rocks Caramal A,B & H Dan B Mustang KP Mirage Caramal Murph
Slide 12: Nabarlek Project: Consolidation within a world-class uranium mining province
NABARLEK PROJECT : NORTH-WEST MCARTHUR BASIN Consolidation within a world-class uranium mining province Region Alligator Rivers Uranium Province, hosts some of the world’s largest uranium deposits within the McArthur Basin, with over 730Mlbs1-3 of uranium endowment. For personal use only Established
Slide 13: Exploring the Angularli Fault Corridor at Sandfire
NABARLEK PROJECT Exploring the Angularli Fault Corridor at Sandfire Drill Ready - Sandfire For personal use only Strategically located south-east of Deep Yellow’s (ASX:DYL) Angularli Deposit (32.9Mlbs @ 1.09% U₃O₈). Sandfire lies along the Angularli Fault Corridor. Highly prospective and underexplor
Slide 14: Exploring the Angularli Fault Corridor at Sandfire
NABARLEK PROJECT Exploring the Angularli Fault Corridor at Sandfire Drill Ready - Sandfire For personal use only Merged magnetic datasets (left) provide opportunity for focused drilling for high-grade uranium. – Favourable fault complications at intersection between Angularli and Sandfire Faults. –
Slide 15: Target Rich Environment along Fault Corridors (Northern Tenements)
Advancement of priority uranium targets associated with Fault Corridors For personal use only (Northern Nabarlek Tenements) Target Rich Environment along Fault Corridors Multiple targets recognised in DevEx’s merged radiometric and magnetic datasets warranting field activities including: • Mapping a
Slide 16: Drill-ready targets surrounding historical Nabarlek Mine
DRILL-READY TARGETS SURROUNDING HISTORICAL NABARLEK MINE Where could a Jabiluka-scale deposit be found within Nabarlek? Drill Ready – Big Radon, KP and For personal use only Nabarlek North Multiple, undrilled large-scale uranium targets surrounding the historical Nabarlek Uranium Mine. Targets are c
Slide 17: Big Radon and KP: Drill targets refined with on-ground activities
DRILL-READY TARGETS SURROUNDING HISTORICAL NABARLEK MINE Big Radon and KP: Drill targets refined with on-ground activities For personal use only Big Radon Prospect: Interpretation of detailed ground gravity survey KP Prospect: Detailed ground gravity has identified two key north-west faults underlie
Slide 18: Priority field activities commenced in the Caramal Region
NABARLEK PROJECT Priority field activities commenced in the Caramal Region Emerging Targets in Caramal Region For personal use only Historical drilling at Caramal Uranium Deposit has identified Jabiluka-type stratigraphy hosting high-grade uranium mineralisation. Field activities commenced to unders
Slide 19: Reviewing historical drilling at Caramal Region
NABARLEK PROJECT Reviewing historical drilling at Caramal Region North South Emerging Targets in Caramal Region For personal use only (Looking East) Historical drilling at Caramal Uranium Deposit has identified Jabiluka-type stratigraphy hosting high-grade uranium mineralisation, including carbonate
Slide 20: Target Rich Environment along Fault Corridors (Southern Tenements)
Advancement of priority uranium targets associated with Fault Corridors For personal use only (Southern Nabarlek Tenements) Target Rich Environment along Fault Corridors Priority focus on Regional Fault Corridors between Nabarlek Mine and Caramal Deposit. Multiple targets recognised in DevEx’s merge
Slide 21: Murphy West Project: An emerging uranium asset
MURPHY WEST PROJECT : SOUTHERN MCARTHUR BASIN An emerging uranium asset Extensive airborne radiometric and magnetic survey completed, identifying multiple large- For personal use only scale uranium anomalies up to 2km in length. Preliminary interpretation of anomalies points to both: • Unconformity-
Slide 22: Murphy West: Priority Targets Identified for 2026
MURPHY WEST PROJECT : SOUTHERN MCARTHUR BASIN Priority Targets Identified for 2026 For personal use only Soil geochemistry over radiometric anomalies shows DevEx to refine targets with ground geophysics and mapping. Westmoreland-type pathfinder elements lie coincident with: Preparations underway for
Slide 23: Strong relationships with local communities and government
Strong relationships with local communities and government Environment Community Government For personal use only Demonstrated environmental Working with Traditional Strong relationships with key management through the Owners, fostering reconnection stakeholder groups in the ongoing rehabilitation
Slide 24: 2026 Focus
2026 Focus Exploration of Our Assets – Nabarlek and Murphy West RC and Diamond Drilling at Sandfire, Big Radon, KP and Nabarlek North. For personal use only Progress permits for 2026 drilling at Murphy West Detailed Hyperspectral Survey and other surveys centred on priority Fault Corridors Rapid adv
Slide 25: References
References . From Optional to Strategic – The Market Has Changed – Slide 5: For personal use only World Nuclear Association, September 2025. The Nuclear Fuel Report, Global Scenarios for Demand and Supply Availability 2025-2040. Unconformity Uranium Deposits: Standing Apart on Grade & Scale – Slide
Slide 26: Contact Us
For personal use only Scan the QR code Contact Us Investor Relations to view or share a digital version Level 3, 1292 Hay Street Read Corporate of this presentation West Perth WA, 6005, Australia Nicholas Read +61 8 6186 9490 info@devexresources.com.au +61 8 9388 1474 nicholas@readcorporate.com.au i