Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (August 2023)
20 slides from Devex Resources's investor presentation, Aug 16, 2023
Slide 1: Exploring Australia's Discovery Hotspots
For personal use only Exploring Australia’s Discovery Hotspots August 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 Nabarlek Uranium Alligator Rivers Uranium Province, NT For personal use only Project • Nabarlek Project – Targeting high-grade uranium and copper-gold, surrounding the historical Nabarlek Uranium Mine (24 Mlbs @ 1.8% U3O8 produced) Sovereign • Unique - One o
Slide 4: Corporate Overview
Corporate Overview Board of Directors Capital Structure Tim Goyder For personal use only Shares 370.8M Chairman Mining executive with strong track record of successful investment and value creation for Options and Performance Rights 9.85M shareholders. Market Cap $124.2M (at 33.5c2) Chairman of Lion
Slide 5: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT (ARUP) For personal use only • +500 Million Pounds U O endowment (mined and current 3 8 Resources )1,2 • Close analogue to uranium deposits in the Athabasca Basin in Canada DevEx’s Nabarlek Pr
Slide 6: The Nabarlek Deposit: Where it is all about the grade
The Nabarlek Deposit: Where it is all about the grade !! For personal use only Uranium Mineralisation defined by drilling in northern half of the Nabarlek Pit – now mined out. • Small High-Grade Footprint: Significant concentration of Uranium Mineralisation mined from the pit • Strong Structural Con
Slide 7: Project: Nabarlek Mine Area and uranium spot price
Nabarlek Project 150 For personal use only Nabarlek Mine Area • Exploration centered on the 125 historical Nabarlek Uranium Mine • Well established infrastructure 100 and support network Uranium Spot Price Exploration Camp • Positive working relationships US$/lb Acquired Nabarlek with traditional ow
Slide 8: Project: 2023 Drill Campaign Underway
Nabarlek Project: 2023 Drill Campaign Underway Focus on two uranium faults systems U40 Fault For personal use only • Previous high-grade uranium intercepts at U40 Prospect (incl 6.0m @ 7.6% U3O8 from 75m). • New step-out drilling (2023) continues to identify high-grade uranium on U40 Fault – open to
Slide 9: Project: U40 Prospect, new significant uranium intercepts
Nabarlek Project: U40 Prospect, new significant uranium intercepts Exploring the U40 Fault U40 Prospect For personal use only • Spectacular historical uranium with gold intercepts at U40 (December 2010) incl.: • 6m @ 7.6% U3O8, 0.7g/t Au from 75m (NAR7492); • 4.8m @ 1.9% U3O8, 4.5g/t Au from 80.4m (
Slide 10: Project: Significant uranium open to the south
Nabarlek Project: Significant uranium open to the south For personal use only U40 Prospect • Near surface uranium mineralisation at U40 masked by flat dolerite • DevEx successfully targeting significant uranium mineralisation along the U40 Fault south of previous high-grade intercepts. • Infill dril
Slide 11: Project: Major uranium trend
Nabarlek Project: Major uranium trend For personal use only U40 to U42 Prospects • Uranium bearing U40 Fault can be mapped in magnetics beneath the flat dolerite. • U40 Fault appears to link up immediately east of recent uranium intercepts at U42 Prospect. • Unexplored structure east and west of U40
Slide 12: Project: Nabarlek South Regional Targets
Nabarlek Project: Nabarlek South Regional Targets For personal use only Exploring the Nabarlek Fault • Hosts the uranium mined from Nabarlek Mine • Associated with near fracture hosted uranium in dolerite (Nabarlek South) from 2022 drilling ‒ 10.1m @ 1.10% U3O8 from 124m ‒ 54.6m @ 0.20% U3O8 from 77
Slide 13: Project: Nabarlek South Regional Targets
Nabarlek Project: Nabarlek South Regional Targets For personal use only Exploring the Nabarlek Fault • Uranium mineralisation intersected at the unconformity south of the dolerite for the first time • Significant development in the search for Ranger-type deposits • Both RC holes (37 and 99) show sig
Slide 14: Kennedy Project: Extensive Ionic Clay Rare Earth Elements in Surface Clays
Kennedy Project : Extensive Ionic Clay Rare Earth Elements (REE) in Surface Clays • Broad spaced drilling (~1km) has defined extensive Total Rare Earth Oxides (TREO) in surface clays, incl.: For personal use only 1m @ 2,103ppm TREO from surface (Hole 2) 2m @ 1,607ppm TREO from surface (Hole 3) 1m @
Slide 15: Kennedy Project: Positive Preliminary Metallurgy Supports Next Stage
Kennedy Project : Positive Preliminary Metallurgy Supports Next Stage • Metallurgical test work confirms Ionic Adsorption REE Clays. For personal use only • Rapid recoveries by desorption of REEs in first 30 minutes using ammonium sulphate (AMSUL) solution in weak acid conditions (pH4) • Very low ac
Slide 16: Kennedy Project: Significant up-scale potential
Kennedy Project : Significant up-scale potential For personal use only • Drilling remains broad spaced and infill underway • Large scale exploration opportunity to test the Target Regolith over the broader Project. • DevEx plans to drill test broader potential over August and September. 16
Slide 17: 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 18: 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 19: DevEx Next Steps
DevEx Next Steps Nabarlek • Drilling underway For personal use only • Drilling to expand upon high-grade uranium intercepts, incl.: o U42 and U40 Prospects o Nabarlek South Kennedy • Drilling to test continuity and scale of the clay hosted REE mineralisation Highway Nickel • Exploration scheduled to
Slide 20: References / Thank you
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. Thank you 2. Min
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