Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Mining the Northern Territory Conference 2008
23 slides from Devex Resources's conference presentation, Oct 16, 2008
Slide 1: ASX cover letter
16 October 2008 Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000 Attn: The Manager – Companies Dear Sir Please see attached presentation made to the “Mining the Northern Territory” Conference. Regards MARK CHALMERS Managing Director
Slide 2: The opportunity in the Uranium sector
..... the opportunity in the Uranium sector Mining the Northern Territory Conference Oct 08 Mark Chalmers Managing Director ACN 009 799 553 www.uel.com.au
Slide 3: Disclaimer
Disclaimer This document is confidential and is being distributed to a limited number of potential investors and shall not be construed as an advertisement or public offering of the securities referred to herein. This presentation does not constitute an offer to sell these securities and it is not s
Slide 4: Key Projects
Key Projects the asset quality to build substantial shareholder value Slide 3
Slide 5: Alligator Rivers Uranium Project
Alligator Rivers Uranium Project ► A world class uranium province: ► Jabiluka (360 mlbs U3O8 ) ► Ranger (194 mlbs U3O8 ) ► Koongarra ( 16 mlbs U3O8 ) ► Nabarlek ( 24 mlbs U3O8 ) ► Analogous to the Athabasca Uranium Province, Canada ... most likely place to find high grade deposits in Australia Slide
Slide 6: Alligator Rivers / Athabasca comparison
Alligator Rivers /Athabasca comparison Uranium Province Athabasca (Canada) Alligator Rivers U3O8 Endowment 1,400 million lb 950 million lb World production largest third largest Exploration spend (C$) ≈ $500 million pa ≈ $20 million pa Number of explorers 77 7 ... an under explored, world class uran
Slide 7: Nabarlek Project
Nabarlek Project ► High grade Nabarlek Uranium Mine (24 million lb @ 1.84% U3O8 past production) ► Mine corridor largely untested over 18 km ► Multiple targets for immediate testing ► N147 deposit/Gabo fault zone ... as good as it gets Slide 6
Slide 8: Nabarlek Project
Nabarlek Project ► Mining Lease and surrounding JV ground ► SMLB Prospect 27.0m @ 0.07% U3O8 ► N147 Deposit 21.1m @ 0.37% U3O8 ► Bedrock geochemical anomalies, Gabo Fault Zone ... as good as it gets Slide 7
Slide 9: N147 Deposit: Cross Section
N147 Deposit : Cross Section ► Historical systematic drilling not ► UEQ-Cameco 2007/2008 has yielded significant intercepts: Best 2007 21.1m @ 0.37% U3O8 Best 2008 36.2m @ 0.17% U3O8 ► Further opportunities to extend and expand deposit and for repeats ... developing a quality resource 8 Slide 8
Slide 10: N147 as it is today
N147 as it is today ...a building story 9 Slide 9
Slide 11: Nabarlek area – Opportunities for further expansion
Nabarlek area – Opportunities for further expansion ► Encouraging results in 2008 ► Shallow RAB/RC undertaken in 2008 has defined further geochemical anomalies ► Significant probability for additional high grade mineralization …looking for repeats Slide 10
Slide 12: Nabarlek area
12m @ 23ppm U30g from 4m (NAA6487) 4m @ 82ppm U30g from 24m . inc. 1m @ 136ppm U30g ee from 27m (NAA6424) & Effective dril holes —— Unconformity 10m @ 78ppm U30g from 12m Sandstone og + >50GT (ppm Us0g xm) et bap! . INAAG age [} bolerite SN. >200 T (ppm U0 xm) . {| Basement = Key Structures © Slide
Slide 13: Watsons Project
Watsons Project ► Target ► 100 million lb U3O8 lb Beverley-4 Mile style uranium deposit ► Key Target Criteria ► Favourable host sands / extensive palaeochannel ► Potential uranium depositional site identified (redox front) ► Multi-target opportunity ... “Beverley-4Mile” type target ready for drill t
Slide 14: Moorarie Project (Iron Ore)
Moorarie Project (Iron Ore) ► Strong gravity anomaly ► Shallow soil covered BIF sequence established from airborne magnetics ► Extensive demagnetised zones within BIF ... strong iron ore target Slide 13
Slide 15: Moorarie Project: Iron Ore Target
Moorarie Project : Iron Ore Target ► Target ►+100mt hematite deposit at shallow depth ► Key Target Criteria ►BIF sequence under shallow cover (magnetics and BIF float to 46% Fe) ►+8 mgal gravity anomaly over demagnetised zone ►Modelled over 2km x 300m ► Drilling commenced 13th October ... a company
Slide 16: Narraweena Project
Narraweena Project ► Extension to the Ben Lomond (10 Mlb U3O8) structural trend. ► Radiometric anomalies along trend. ► High grade uranium mineralisation in rock chip samples. ► Uncertainty as to Title. Overlying Defence Dept ground. Title situation being resolved before further work. ... further te
Slide 17: Eromanga Basin Simpson / Lake Blanche
Eromanga Basin Simpson / Lake Blanche ► Sandstone-hosted uranium targets analogous to the major Kazakhstan Uranium fields ► Target criteria established ► Key land positions secured adjacent to uranium rich basement ► Negotiations with Native Title claimants proceeding ... potential to repeat the Kaz
Slide 18: The PhosEnergy Process
The PhosEnergy Process ► A new technology to extract U3O8 in the superphosphate process Phosphates have been a ► major source of U3O8 ►Historical production 3.7-5.2Mlb pa ►Production ceased in 1980’s on high operating costs and falling uranium price ... the path to access a large, dormant, uranium r
Slide 19: The PhosEnergy Process
The PhosEnergy Process ► Status ► Pilot Plant constructed and operating the potential ► Patent Application filed to tap stranded ► Technology assessment end 2008 worldwide ► Decision to move to commercial scale production estimated evaluation possible within 12 months at 19 Mlb pa ► Results to date
Slide 20: Capital structure
Capital structure ASX listed Code : UEQ Top Investors (30 Jun 2008) % Directors, employees and related parties 21 Market Capital ≈ A$24 million Corporate stakeholders (Laramide/Resolute) 18 Private stakeholders 8 Cash at Bank ≈ A$12.5 million (August 2008) New City Investment Management (UK) 4 Share
Slide 21: UEQ ... the past 12 months
UEQ ... the past 12 months Project portfolio with high quality 9 options for growth developed options for Financial capability secured in the 9 market at an optimum time growth and financial capacity 9 N147 extended; further options to expand; new targets generated secured Acquired historic high gra
Slide 22: The current six months
The current six months Project Jul Aug Sept Oct Nov Dec N147 Prospect Nabarlek Mine Lease PhosEnergy Pilot Moorarie Legend Drilling scheduled Pilot test work scheduled ... a phase of intense drilling and project assessment activity Slide 21
Slide 23: Thank you
Thank you Contact Us: Level 6 West , 50 Grenfell Street, Adelaide, South Australia, 5000 T 61 8 8110 0700 E reception@uel.com.au F 61 8 8110 0777 W www.uel.com.au ACN 009 799 553
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