Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (March 2022)
18 slides from Devex Resources's investor presentation, Mar 31, 2022
Slide 1: DevEx Managing Director to Present at Investor Webinar: Uranium Exploration Update
31st March 2022 For personal use only DevEx Managing Director to Present at Investor Webinar: Uranium Exploration Update DevEx Resources Limited (ASX: DEV, “DevEx” or “the Company”) is pleased to advise that its Managing Director, Brendan Bradley, will be hosting a live investor webinar to discuss t
Slide 2: Exploring in Australia's Highest-Grade Uranium Province
POWERING UP For personal use only EXPLORING IN AUSTRALIA’S HIGHEST- GRADE URANIUM PROVINCE Investor Presentation 31 March 2022 ASX : DEV
Slide 3: Important Information
Important Information Forward Looking Statements For personal use only 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 uncertaintie
Slide 4: 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) For personal use only • One of very few ASX companies with high-grade ur
Slide 5: Corporate Overview
For personal use only 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 45c2) 0.80 10,000 Cash1 $12.9M 9,000 0.70 Assets PhosEnergy Limited (5.3%) 8,000 Patented technology to recover uranium 0.60 from ph
Slide 6: Led by an experienced technical team
Led by an experienced technical team • Industrial Chemist with considerable experience in the operation and development of Hardrock and In- Situ uranium mines, including the Olympic Dam Expansion Project and Beverly Uranium Mine For personal use only • Managing Director of PhosEnergy Ltd, and Non Ex
Slide 7: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province For personal use only The Alligator Rivers Uranium Province, NT (ARUP) • +500 Million Pounds U O endowment (mined and current Resources1,2) 3 8 • Close analogue to uranium deposits in the Athabasca Basin in Canada, incl.: • Arrow (Nex
Slide 8: Project Time to Power Up
Nabarlek Project Time to Power Up For personal use only 150 Nabarlek Mine Area 125 • Exploration centered on the 100 historical Nabarlek Uranium Mine Uranium Spot Price Exploration Camp • Well established infrastructure US$/lb 75 Acquired Nabarlek and support network Fukushima Event March 2022: US$5
Slide 9: Project: Exploring for high-grade uranium
Nabarlek Project: Exploring for high-grade uranium For personal use only 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 t
Slide 10: The Nabarlek Deposit: Where it's all about the grade
The Nabarlek Deposit: Where it’s all about the grade !! For personal use only • 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 • Nea
Slide 11: Project: Multiple high-grade uranium occurrences
Nabarlek Project: Multiple high-grade uranium occurrences For personal use only 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
Slide 12: Project: Surrounding Uranium Prospects
Nabarlek Project: Surrounding Uranium Prospects For personal use only Nabarlek South Prospect • Similar structural setting to Nabarlek Uranium Deposit • Drilling planned beneath historical uranium intercepts Nabarlek South 11
Slide 13: South Prospect: Cluster of high-grade uranium intercepts
Nabarlek South Prospect: Cluster of high-grade uranium intercepts For personal use only 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
Slide 14: Project: Surrounding Uranium Prospects – Eastern Nabarlek Prospects
Nabarlek Project: Surrounding Uranium Prospects For personal use only 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 surfac
Slide 15: Project: Adjacent Nabarlek-type uranium-copper-gold corridors
Nabarlek Project: Adjacent Nabarlek-type uranium-copper-gold corridors For personal use only 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 U4
Slide 16: DevEx Next Steps
DevEx Next Steps For personal use only 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 E
Slide 17: Contact Details
For personal use only 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 Nic
Slide 18: Appendix: References
Appendix For personal use only 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. Mine