Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (November 2023)
19 slides from Devex Resources's investor presentation, Nov 13, 2023
Slide 1: Intersecting High-Grade Uranium
For personal use only Intersecting High-Grade Uranium November 2023 ASX: DEV
Slide 2: Important Information
Important Information Forward Looking Statements This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements ar
Slide 3: Exploring Australia's discovery hot-spots
Exploring Australia’s discovery hot-spots Alligator Rivers Uranium Province, NT • Nabarlek Project – Targeting high-grade uranium and copper-gold, surrounding the Nabarlek Uranium historical Nabarlek Uranium Mine (24 Mlbs @ 1.8% U3O8 produced) For personal use only Project • Unique - One of very few
Slide 4: Corporate Overview
Corporate Overview Capital Structure Board of Directors Shares 441.19M Options and Performance Rights 11.85M Tim Goyder For personal use only Chairman Market Cap $111.02M (at 27c2) Mining executive with strong track record of successful investment and value creation for shareholders. Cash3 $27.5M Ch
Slide 5: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT (ARUP) For personal use only • +500 Million Pounds U O endowment (mined and current 3 8 Resources )1,2 • Close analogue to uranium deposits in the Athabasca Basin in Canada DevEx’s Nabarlek Pr
Slide 6: The Nabarlek Deposit: Where it is all about the grade
The Nabarlek Deposit: Where it is all about the grade !! For personal use only Uranium Mineralisation defined by drilling in northern half of the Nabarlek Pit – now mined out. • Small High-Grade Footprint: Significant concentration of uranium mineralisation mined from the pit • Strong Structural Con
Slide 7: Nabarlek Project
Nabarlek Project 150 • Exploration centered on For personal use only the historical Nabarlek Nabarlek Mine Area Uranium Mine 125 • Well established infrastructure and support network 100 • Positive working Uranium Spot Price Exploration Camp relationships and employment with US$/lb Sept 2023: US$73/
Slide 8: Nabarlek Project: 2023 Drill Campaign Underway
Nabarlek Project: 2023 Drill Campaign Underway Focus on two uranium faults systems U40 Fault For personal use only • Significant uranium intercepts, incl: 6.0m @ 7.6% U3O8 from 75m 4.8m @ 1.9% U3O8 from 80m 5.0m @ 0.54% U3O8 from 43m 1.4m @ 1.62% eU3O8 from 78m • Extensive uranium system over 500m o
Slide 9: Nabarlek Project: U40 Prospect – Building a success story
Nabarlek Project: U40 Prospect – Building a success story Discovered in 2010, dormant for a decade. A significant +500m uranium system is emerging. RC and Diamond Drilling Pre-2023 RC and Diamond Drilling - 2023 For personal use only 9
Slide 10: Nabarlek Project: U40 Prospect – Infill and step out drilling next
Nabarlek Project: U40 Prospect – Infill and step out drilling next For personal use only • Near surface uranium mineralisation at U40 masked by flat dolerite which requires further infill drilling • DevEx successfully targeting significant uranium mineralisation along the U40 Fault, south of previou
Slide 11: Nabarlek Project: Nabarlek North and South Prospects
Nabarlek Project: Nabarlek North and South Prospects Exploring the Nabarlek Fault • New gravity survey identifies multiple structural targets For personal use only surrounding Nabarlek Mine. • Recent drilling has identified: - Shallow uranium intercepts at the unconformity at Nabarlek North incl: -
Slide 12: Murphy West Uranium Project, NT: Emerging Uranium Project
Murphy West Uranium Project, NT: Emerging Uranium Project Province-Scale Uranium Exploration For personal use only • Large ground holding (5,000 km2) located west of the Queensland Westmoreland uranium deposits • Same geological host rocks on the NT side, including the prospective Westmoreland Congl
Slide 13: Kennedy Project: Extensive Ionic Clay Rare Earth Elements in Surface Clays
Kennedy Project: Extensive Ionic Clay Rare Earth Elements (REE) in Surface Clays For personal use only • Step-out drilling confirms regional scale REE mineralisation from surface with significant results from drilling including: - 2m @ 1,537ppm TREO from surface (KRAB013) - 2m @ 1,734ppm TREO from s
Slide 14: Kennedy Project: Positive Metallurgy Supports Next Stage
Kennedy Project: Positive Metallurgy Supports Next Stage For personal use only • Metallurgical test work confirms Ionic Adsorption REE Clays • Rapid recoveries by desorption of REEs in first 30 minutes using ammonium sulphate (AMSUL) solution in weak acid conditions (pH4) • Very low acid consumption
Slide 15: Kennedy Project: Significant up-scale potential – Extensive Drill Target
Kennedy Project: Significant up-scale potential – Extensive Drill Target For personal use only • Drilling underway • Focussed on determining the overall extent of the Ionic Adsorption REE Clays over the broader Project area • Drilling will provide an understanding of the grade distribution of the hi
Slide 16: Highway Nickel Project: Nickel sulphide exploration north of Kalgoorlie
Highway Nickel Project: Nickel sulphide exploration north of Kalgoorlie For personal use only • Earn-In-Agreement to explore for Kambalda-style nickel sulphide mineralisation north of the historical Scotia Nickel Sulphide Mine • Located on the nickel sulphide endowed Highway ultramafic, immediately
Slide 17: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Discovery of high-grade palladium and associated nickel- For personal use only copper-platinum group elements (Ni-Cu-PGE) by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region • Sovereign Project located b
Slide 18: DevEx Next Steps
DevEx Next Steps Nabarlek • Two drill rigs on site (Diamond and RC) For personal use only • Priority follow-up drilling of recent uranium intercepts at: • U40 Prospect • Nabarlek North and Nabarlek South Prospects Kennedy • Drilling to test continuity and scale of the clay hosted REE mineralisation
Slide 19: References
For personal use only References Nabarlek Project – Slide 5: 1. Production History: McKay, A.D & Miezitis, Y. 2001. Australia’s uranium resources, geology and development of deposits. AGSO – Geoscience Australia, Mineral Resource Report 1. ERA Annual Production Reports 2001 to 2018. 2. Mineral Resou
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