Devex Resources Ltd · ASX:DEV
Devex Resources — Noosa Mining Conference 2024
19 slides from Devex Resources's conference presentation, Jul 18, 2024
Slide 1: Targeting High-Grade Uranium
For personal use only Targeting High-Grade Uranium Noosa Mining Conference Investor Presentation July 2024 ASX: DEV
Slide 2: Important Information
Important Information Forward Looking Statements Competent Person Statement This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, The information in this Presentation that relates to Exploration Results for the Nabarlek Project is ext
Slide 3: Well-funded and led by a proven team
Well-funded and led by a proven team Board of Directors Capital Structure For personal use only Tim Goyder Chairman Shares 441.19M Mining executive with strong track record of successful investment and value creation for shareholders. Chairman of Liontown Resources, NED of Minerals 260 and EntX, for
Slide 4: Drilling for the next major discovery in a world-class uranium region
Drilling for the next major discovery in a world-class uranium region Exploring the prestigious McArthur Basin with +700 Mlbs of uranium endowment1,2 For personal use only Famous for large high grade uranium deposits (unconformity type) Analogous to uranium deposits of the Athabasca Basin, Canada De
Slide 5: Nabarlek Uranium Project
For personal use only Nabarlek Uranium Project Northen Territory, 100%
Slide 6: Alligator Rivers Uranium Province
NABARLEK PROJECT Alligator Rivers Uranium Province Brownfield exploration centred on the historical Nabarlek For personal use only Uranium Mine – Australia’s highest-grade uranium mine: Production History: 24 Mlbs @ 1.84% U3O81 DevEx holds a dominant ground position of +4,700km2 Exploring the Nabarl
Slide 7: Alligator Rivers Uranium Province: Unconformity uranium deposits
ALLIGATOR RIVERS URANIUM PROVINCE Unconformity uranium deposits For personal use only 7 Source: Public information. Mineralisation outlines may vary between deposits
Slide 8: 2024 Drilling to focus on two uranium bearing fault zones
NABARLEK PROJECT 2024 Drilling to focus on two uranium bearing fault zones 01 Nabarlek Fault Corridor For personal use only Hosts the historical Nabarlek Uranium Mine Recent uranium intercepts at the unconformity north and south of Nabarlek incl.: • 7.5m @ 0.18% (4.01 lbs/t) eU3O8 from 133m 02 U40 F
Slide 9: U40 Fault – Targeting fault hosted uranium mineralisation at U40
NABARLEK PROJECT U40 Fault – Targeting fault hosted uranium mineralisation at U40 For personal use only RC and diamond drilling is testing uranium mineralisation along the eastern margin of the U40 Fault (East Zone) New results from drilling identify uranium mineralisation in steep dipping fault bre
Slide 10: U40 – Drilling confirms uranium in fault breccia – open to south
NABARLEK PROJECT U40 – Drilling confirms uranium in fault breccia – open to south For personal use only Photo of diamond core from Hole DD03 – Uranium 10 mineralisation in altered fault breccia 252.9m
Slide 11: Significant uranium mineralisation along the Nabarlek Fault Corridor
NABARLEK PROJECT Significant uranium mineralisation along the Nabarlek Fault Corridor Priority Diamond and RC drilling to target the uranium bearing fault corridor at Nabarlek, incl.: For personal use only » North of the Nabarlek Mine: • Testing several major faults within the Corridor where previou
Slide 12: Nabarlek Deposit (mined out) – small footprint, high grade
NABARLEK PROJECT Nabarlek Deposit (mined out) – small footprint, high grade High-Grade Uranium Shoots – Historical drilling has not conclusively closed out uranium mineralisation down plunge Drilling to test the shallow north plunging position directly north of the pit edge For personal use only 12
Slide 13: Nabarlek North – Targeting Nabarlek-type mineralisation
NABARLEK PROJECT Nabarlek North – Targeting Nabarlek-type mineralisation For personal use only RC drilling has been targeting the Nabarlek North Fault where it has been disrupted by cross cutting faults Fault hosted uranium mineralisation intersected in drilling, incl.: • 7.46m @ 0.18% (4.01 lbs/t)
Slide 14: Coopers South – Testing IP anomalies
NABARLEK PROJECT Coopers South – Testing IP anomalies For personal use only New drill targets emerging adjacent to the Nabarlek Fault Corridor south-west of the mine Two large, buried and untested IP anomalies have been identified. One anomaly sits beneath previous uranium intercepts, incl. from las
Slide 15: Murphy West Uranium Project
For personal use only Murphy West Uranium Project Northen Territory (earning-in)
Slide 16: Murphy West Project: An emerging uranium asset
MURPHY WEST PROJECT An emerging uranium asset Three separate Earn-In Agreements to explore For personal use only for uranium • Province scale ~10,000 km2 • 180km prospective strike along margin of McArthur Basin Located west of Westmoreland Uranium Project (Laramide Resources Limited, ASX: LAM) in n
Slide 17: Next Steps
Next Steps For personal use only Nabarlek Project RC and Diamond Drilling program underway Priority targets for follow up drilling include: • U40 and U42 Prospect; and • Nabarlek Fault Corridor • North of the Mine • South of the Mine • Beneath the Mine New targets emerging from recent geophysics Adv
Slide 18: Why DevEx?
Why DevEx? For personal use only One of the few ASX-listed companies fully permitted and actively exploring for high-grade uranium in Australia Aligned with a strong resurgence in uranium - global clean energy transition and a forecast supply shortfall driving recent record uranium spot prices Led b
Slide 19: Contact Us and References
For personal use only References Nabarlek Project – Slide 4 and Slide 6: Contact Us Investor Relations 1 Thank You Production History: McKay, A.D & Miezitis, Y. 2001. Australia’s uranium resources, Level 3, 1292 Hay Street Read Corporate geology and development of deposits. AGSO – Geoscience West Pe