Devex Resources Ltd · ASX:DEV
Devex Resources — Shareholder Meeting (November 2019)
16 slides from Devex Resources's shareholder meeting presentation, Nov 27, 2019
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 27 NOVEMBER 2019 ASX : DEV
Slide 2: Important Information
Important Information For personal use only ❑ Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such s
Slide 3: The Company
West Arnhem Nabarlek Project The Company Exploring for major porphyry copper-gold deposits in NSW For personal use only • Fresh projects in the premier Lachlan Fold Belt • Significant copper intercepts drilled decades ago, but never followed up • Shallow, drill-ready targets identified – Drilling ha
Slide 4: A New Copper-Gold Exploration Strategy in New South Wales
A New Copper-Gold Exploration Strategy in New South Wales A Fresh Opportunity No drilling within a globally-recognised copper-gold region for decades For personal use only 3 Bogong and Junee Projects strategically located in the Lachlan Fold Belt – a major geological province hosting several of Aust
Slide 5: Bogong Project: Broad system of copper-gold mineralisation identified
Bogong Project: Broad system of copper-gold mineralisation identified For personal use only Currently focussed on a broad copper-gold system at the main Bogong Copper workings where: • Mapping and rock-chip samples identifies copper sulphides (chalcopyrite and bornite) associated with a felsic porph
Slide 6: Bogong Project: Project-scale exploration campaign underway
Bogong Project: Project-scale exploration campaign underway DevEx 2019 Drilling Commenced: For personal use only 1 • Hole 1 (19BGDD001) completed • 12.6m @ 1.24% Cu2 from 16.8 metres • shallow copper sulphide mineralisation (chalcopyrite and bornite) associated with a brecciated porphyry (diorite) •
Slide 7: Bogong Project: Project-scale exploration campaign underway
Bogong Project: Project-scale exploration campaign underway For personal use only Hole 19BGDD001 (Hole 1): • 12.6m @1.24% copper from 16.8m Photos of copper mineralisation styles of NQ core from Hole 1: (a) disseminated and vein chalcopyrite (yellow) within diorite at 17.2m (centre core). (a) (b) (b
Slide 8: Bogong Project: Regional prospectivity exploration campaign underway
Bogong Project: Regional prospectivity exploration campaign underway For personal use only Regional Magnetics suggestive of a deep intrusion underlying Bogong Copper Project: • Deep (1km) circular magnetic anomaly identified in historical 1975 wide spaced airborne magnetics (1000m to 2000m line spac
Slide 9: Junee Project: Exploring for a Cadia-Ridgeway style copper-gold discovery
Junee Project: Exploring for a Cadia-Ridgeway style copper-gold discovery For personal use only • Junee Project remains underexplored, with no exploration drilling for +20 years • 60km NW of Bogong Project, forming part of DevEx’s larger exploration strategy in the Lachlan Fold Belt • Project-scale
Slide 10: Nangus Road Prospects and Riversdale East and West Prospects
1 Nangus Road Prospects 2 Riversdale East and West Prospects For personal use only • Shallow surface sediments masking outcrop • Copper in porphyry outcrop: two rock chip samples assayed 1.2% and 2.0% copper (malachite) • Broad magnetic anomaly of similar size and amplitude to the magnetic anomaly w
Slide 11: Billabong Creek and Riversdale North Prospects
3 Billabong Creek and Riversdale North Prospects 5m @ 0.28g/t Au, 1,125ppm Zn 2019 mapping and rock chip sampling identifies For personal use only new copper and gold mineralisation • Riversdale North: • Assays and mapping identified oxidised chalcopyrite associated with epidote veins and alteration
Slide 12: Forward Plan 2019-2020
Bogong Copper-Gold Project 2019 - 2020 • Significant copper-gold system of >500m strike identified in maiden 2019 exploration programmes Forward Plan... For personal use only • Commencement of Diamond drilling to test beneath historical drill intercepts and nearby IP geophysical targets • Drilling p
Slide 13: West Arnhem-Nabarlek Project
For personal use only West Arnhem-Nabarlek Project West Arnhem-Nabarlek Project URANIUM, COPPER-GOLD, 100% • Located in the Alligator Rivers Uranium Province NT, host to large scale uranium deposits: Ranger Mine +200Mlbs U3O8 ; Jabiluka +300Mlbs U3O8 • 2019 drilling programme confirms uranium minera
Slide 14: Experienced exploration and development team – invested and motivated
Experienced exploration and development team – invested and motivated For personal use only Tim Goyder Brendan Bradley Richard Hacker Bryn Jones CHAIRMAN MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Perth-based mining investor A Geologist with 20+ years of A Chartered Accountant E
Slide 15: Corporate Overview
Corporate Overview For personal use only Capital Structure Major Shareholders Shares ~190M Tim Goyder (Chairman) ~22% Fully diluted ~196.8M Top 20 51% Options ~6.8M Market Cap ~$15.6M (at 8.2c) Cash* ~$4.2M Assets PhosEnergy Limited (8.8%) -3.45M shares Board & Management Tim Goyder Chairman Brendan
Slide 16: Contact Details
For personal use only Contact Details Level 2, 1292 Hay Street West Perth WA 6005, Australia +61 8 9322 3990 +61 8 9322 5800 info@devexresources.com.au www.devexresources.com.au https://twitter.com/DevExResources https://www.linkedin.com/company/devex-resources/ Investor Relations Read Corporate Nic
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