Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (February 2024)
14 slides from Devex Resources's investor presentation, Feb 14, 2024
Slide 1: Targeting High-Grade Uranium
For personal use only Targeting High-Grade Uranium February Date 2024 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 are
Slide 3: Major Focus on Northern Territory Uranium
Major Focus on Northern Territory Uranium Exploring a World Class Uranium Region For personal use only Exploring the margin of the Lower McArthur Basin Major uranium deposits include: • Nabarlek 24Mlbs U3O8 (Mined) • Ranger 300Mlbs U3O8 (Mined) • Jabiluka 307Mlbs U3O8 (Mineral Resource) • Angularli
Slide 4: Alligator Rivers Uranium Province
Alligator Rivers Uranium Province Unconformity Uranium Deposits For personal use only 4 Source: Public information. Mineralisation outlines may vary between deposits
Slide 5: Project in Australia's highest-grade uranium province
Nabarlek project in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT For personal use only • +600 Million Pounds U3O8 endowment (Mined and Resources1,2) • Close analogue to uranium deposits in the Athabasca Basin in Canada DevEx’s Nabarlek Project (100%) • Centere
Slide 6: Uranium Price
Nabarlek Project Uranium Price For personal use only Nabarlek Mine Area Uranium Spot Price Exploration Camp US$/lb Feb 2024: US$107.00 17 Year High Acquired Nabarlek Fukushima Event 6
Slide 7: Focus on two uranium bearing fault zones
Nabarlek Project Focus on two uranium bearing fault zones For personal use only 01 U40 Fault Significant uranium intercepts, incl: 6.0m @ 7.6% (167.55 lb/t) U3O8 from 75m 4.8m @ 1.9% (41.89 lb/t) U3O8 from 80m 16.0m @ 0.23% (5.07 lb/t) U3O8 from 95m 6.0m @ 7.6% U3O8 from 75m 5.0m @ 0.54% (11.90 lb/t
Slide 8: U40 Prospect – Building a success story
Nabarlek Project : U40 Prospect – Building a success story Two zones of uranium mineralisation identified : +500m uranium system is emerging For personal use only 8
Slide 9: U40 Prospect East Zone – Significant growth in scale, open ended
Nabarlek Project U40 Prospect East Zone – Significant growth in scale, open ended For personal use only Long Section does not include uranium intercepts from the West Zone 9
Slide 10: Significant uranium mineralisation along the Nabarlek Fault
Nabarlek Project Significant uranium mineralisation along the Nabarlek Fault For personal use only New gravity survey identifies multiple structural targets surrounding Nabarlek Mine. Recent drilling has identified: - Shallow uranium intercepts at the unconformity at Nabarlek North incl: - 13.0m @ 0
Slide 11: Murphy West Uranium Project
Murphy West Uranium Project Emerging Uranium Project For personal use only Large ground holding (5,000 km2) located west of the Queensland Westmoreland uranium deposits Province-Scale Uranium Exploration Same geological host rocks on the NT side, including the prospective Westmoreland Conglomerate M
Slide 12: Corporate Overview
Corporate Overview 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 Options and Performance Rights 16.85M shareholders. Chairman of Liontown Resources, NED of Minera
Slide 13: DevEx Next Steps
DevEx Next Steps For personal use only Nabarlek Project Preparing for 2024 drill campaign (commencing ~April) Priority targets at the U40 Prospect and within the Mining Lease New targets emerging from recent geophysics Advancing priority tenement applications Murphy West Preparing for large airborne
Slide 14: Thank You Contact Details
For personal use only Thank You Contact Details Level 3, 1292 Hay Street Investor Relations Read Corporate References Nabarlek Project – Slide 5 1. Production History: West Perth WA, 6005, Australia Nicholas Read McKay, A.D & Miezitis, Y. 2001. Australia’s uranium resources, geology and development
DevEx Resources — Investor Presentation (February 2024) on 6ix