DevEx Resources Ltd · ASX:DEV
DevEx Resources — Investor Presentation (March 2022)
18 slides from DevEx Resources's investor presentation, Mar 31, 2022
Slide 1: Investor Presentation
POWERING UP EXPLORING IN AUSTRALIA’S HIGHEST- GRADE URANIUM PROVINCE Investor Presentation 31 March 2022 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 Alligator Rivers Uranium Province, NT
Exploring Australia’s Alligator Rivers Uranium Province, NT discovery hot-spots • Nabarlek Project – Targeting high-grade uranium, and copper-gold surrounding the historical Nabarlek Uranium Mine (24 Mlbs @ 1.84% U3O8 produced) • One of very few ASX companies with high-grade uranium opportunities in
Slide 4: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Shares 314.2M Tim Goyder (Chairman) 17.5% Options 15.2M Top 20 40.3% Market Cap $141M (at [45]c2) 0.80 10,000 Cash1 $12.9M 0.70 9,000 Assets PhosEnergy Limited (5.3%) 8,000 Patented technology to recover uranium 0.60 from phosphate fertilizer 3
Slide 5: Led by an experienced technical team
Led by an experienced technical • Industrial Chemist with considerable experience in team the operation and development of Hardrock and In- Situ uranium mines, including the Olympic Dam Expansion Project and Beverly Uranium Mine • Managing Director of PhosEnergy Ltd, and Non Executive Director of Bo
Slide 6: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT (ARUP) • +500 Million Pounds U O endowment (mined and current Resources1,2) 3 8 • Close analogue to uranium deposits in the Athabasca Basin in Canada, incl.: • Arrow (NexGen Energy Ltd) and Hu
Slide 7: Tight landholding in high-grade uranium province
Tight landholding in high-grade uranium province Ground tightly held by three ASX listed companies: • DevEx Resources Limited • Vimy Resources Limited • Alligator Energy Limited 7
Slide 8: Project Time to Power Up
Nabarlek Project Time to Power Up 150 Nabarlek Mine Area 125 • Exploration centered on the 100 historical Nabarlek Uranium Mine Uranium Spot Price Exploration Camp US$/lb • Well established infrastructure 75 Acquired Nabarlek and support network Fukushima Event March 2022: US$59/lb • Positive workin
Slide 9: Nabarlek Project: Exploring for high-grade uranium
Nabarlek Project: Exploring for high-grade uranium Near-mine uranium exploration focus: • Multiple uranium prospects to explore Nabarlek South Prospect: • Drilling to test beneath a cluster of high- grade uranium intercepts Nabarlek Pit Prospect: • Drilling to test NE edge of the uranium pit Uranium
Slide 10: The Nabarlek Deposit: Where it's all about the grade
The Nabarlek Deposit: Where it’s all about the grade !! • Nabarlek uranium mineralisation : Significant concentration of uranium mineralisation mined from the pit • Strong Structural Control : Strong control to high-grade uranium mineralisation adjacent to the North Fault • Near-Mine Exploration : D
Slide 11: Nabarlek Project: Multiple high-grade uranium occurrences
Nabarlek Project: Multiple high-grade uranium occurrences Nabarlek Pit Prospect • The highest uranium grades mined from the Nabarlek pit were adjacent to the North Fault • Pre-mining (1972) ground radiometric survey identified: • The mined portion of the uranium mineralisation at Nabarlek • A north-
Slide 12: Nabarlek Project: Surrounding Uranium Prospects
Nabarlek Project: Surrounding Uranium Prospects Nabarlek South Prospect • Similar structural setting to Nabarlek Uranium Deposit • Drilling planned beneath historical uranium intercepts Nabarlek South 12
Slide 13: Nabarlek South Prospect: Cluster of high-grade uranium intercepts
Nabarlek South Prospect: Cluster of high-grade uranium intercepts Nabarlek South – 3D View of drilling looking south west • 1 km south of the Nabarlek Uranium Mine • Uranium mineralisation associated at junction of Nabarlek Fault (host to the Nabarlek uranium deposit) and Gabo Faults • A cluster of
Slide 14: Nabarlek Project: Surrounding Uranium Prospects
Nabarlek Project: Surrounding Uranium Prospects Eastern Nabarlek Prospects Eastern Nabarlek Prospects • Similar structural setting to Nabarlek Uranium Deposit • Exploration and drilling planned: • along strike from historical uranium-copper intercepts • to test undrilled surface anomalies 14
Slide 15: Nabarlek Project: Adjacent Nabarlek-type uranium-copper-gold corridors
Nabarlek Project: Adjacent Nabarlek-type uranium-copper-gold corridors Nabarlek East Prospects: • Impressive database of 25,000 Radon Track Etch [radon] samples throughout project • Technique works - led to discovery of uranium mineralisation at multiple prospects, including U40 Prospect • Explorati
Slide 16: DevEx Next Steps
DevEx Next Steps Nabarlek • Highly credentialed team assembled with real uranium exploration and development experience • Drilling of priority targets (application to drill submitted to NT Regulator) to commence first half of top-end dry season 2022, including: ‒ Nabarlek Pit Edge ‒ Nabarlek South ‒
Slide 17: Contact Details
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 Nicholas Read +61 8 9388
Slide 18: Appendix: References
Appendix References Nabarlek Project – Slide 6: 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 Resource: Vimy Res