Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (May 2023)
18 slides from Devex Resources's investor presentation, May 16, 2023
Slide 1: Exploring Australia's Discovery Hotspots
For personal use only Exploring Australia’s Discovery Hotspots Resources Rising Stars May 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 historical Nabarlek Uranium 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 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 10.3M shareholders. Market Cap $116.8M (at 31.5c2) Chairman of Lion
Slide 5: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT (ARUP) For personal use only • +500 Million Pounds U O endowment (mined and current 3 8 Resources )1,2 • Close analogue to uranium deposits in the Athabasca Basin in Canada, incl.: • Rook I Pr
Slide 6: Nabarlek Project
Nabarlek Project 150 For personal use only Nabarlek Mine Area • Exploration centered on the 125 historical Nabarlek Uranium Mine • Well established infrastructure 100 and support network Uranium Spot Price Exploration Camp • Positive working relationships US$/lb Acquired Nabarlek with traditional ow
Slide 7: Nabarlek Project: Delivering results across multiple uranium prospects
Nabarlek Project: Delivering results across multiple uranium prospects Advanced uranium drill targets for 2023 Nabarlek South For personal use only Near surface fracture hosted uranium mineralisation in dolerite, preliminary results incl.: 10.1m @ 1.10% U3O8 from 124m incl 3.3m @ 2.65% U3O8 54.6m @
Slide 8: Nabarlek Project: Nabarlek South Regional Targets
Nabarlek Project: Nabarlek South Regional Targets • Sparse RC/diamond drilling over several For personal use only kilometres defining uranium mineralisation • Uranium association with southern edge of ENE gravity feature • Untested uranium drillhole intercepts east and west of recent 2022 drilling •
Slide 9: Nabarlek Project: High grade Uranium untested along trend
Nabarlek Project: High grade Uranium untested along trend U42 and U40 Prospects • Prominent uranium trend open to the north For personal use only • Ranger-type target • Priority drill targets for 2023 9
Slide 10: Nabarlek Project: Uranium trend to south of U40 Prospect, untested
Nabarlek Project: Uranium trend to south of U40 Prospect, untested U40 Prospect For personal use only • Close analogue to Coronation Hill uranium, gold PGE deposits (south of Nabarlek) • Spectacular historical uranium with gold, PGE intercepts at U40 (December 2010) incl.: • 6m @ 7.6% U3O8, 0.7g/t A
Slide 11: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Recent discovery of high-grade palladium and associated For personal use only nickel-copper-platinum group elements (Ni-Cu-PGE) by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region • Sovereign Project loc
Slide 12: Julimar Complex: Drilling to tests targets on eastern margin of intrusion
Julimar Complex: Drilling to tests targets on eastern margin of intrusion For personal use only Cobalt Pd+Pt+Au • Elevated Ni, Cu, Co, Pd+Pt+Au on eastern margin of Mafic-Ultramafic Intrusion • Weak-Moderate EM Conductors identified • Drilling scheduled for late May 12
Slide 13: Central Lachlan Fold Belt Region: Sizeable portfolio amongst majors
Central Lachlan Fold Belt Region: Sizeable portfolio amongst majors 1 A world-class gold, copper-gold belt For personal use only Host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd), as well as several large-scale gold deposits including the Cowal Gold Mine (Evolution M
Slide 14: Nangus Road Prospect: Large scale Au-Cu Drill Target
Nangus Road Prospect: Large scale Au-Cu Drill Target For personal use only • Shallow high-grade gold mineralization - open north, south and at depth • Gold intercepts lie within strongly altered, sheared, volcanic rocks Billabong Creek flanked by monzonite intrusions IP Chargeability • Anomalous cop
Slide 15: Kennedy Project: Extensive Rare Earth Elements (REE) in Surface Clays
Kennedy Project : Extensive Rare Earth Elements (REE) in Surface Clays • DevEx targeted Kennedy Project for Ionic Clay type REE mineralisation. For personal use only • Proof of Concept RAB Drilling Programme • Total Rare Earth Oxide (TREO) Intercepts at Surface incl. 2m @ 1895 ppm TREO from surface
Slide 16: Kennedy Project: Positive Preliminary Metallurgy Supports Next Stage
Kennedy Project : Positive Preliminary Metallurgy Supports Next Stage • Good preliminary REE recoveries with AMSUL For personal use only [pH4] leach over 24hrs incl Praseodymium (Pr) : ~49% Recovery Neodymium (Nd) : ~51% Recovery Terbium (Tb): ~47% Recovery Dysprosium (Dy): ~44% Recovery • Good supp
Slide 17: DevEx Next Steps
DevEx Next Steps Nabarlek • Planning underway for recommencement of drilling in second quarter 2023 For personal use only • Drilling to expand upon high-grade uranium intercepts, incl.: o U42 and U40 Prospects o Nabarlek South Sovereign • Drilling to test EM conductors in late May Junee • Awaiting f
Slide 18: 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