Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (March 2019)
20 slides from Devex Resources's investor presentation, Mar 26, 2019
Slide 1: Investor Presentation March 2019
Investor Presentation For personal use only MARCH 2019 ASX : DEV • High-impact exploration in Tier-1 provinces • Standout uranium, copper-gold drill targets • Strong leverage to recovering uranium market – market cap just ~$4m
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: West Arnhem Nabarlek, Junee and Bogong Projects
West Arnhem Nabarlek Project West Arnhem Nabarlek Project URANIUM, COPPER-GOLD • Alligator Rivers Uranium Province NT, hosts large scale uranium deposits For personal use only • Ranger Mine +200Mlbs U3O8 • Jabiluka +300Mlbs U3O8 • Near-mine drill targets defined beneath: • Nabarlek Mine (24Mlbs @ 1.
Slide 4: West Arnhem Nabarlek Uranium, Copper-Gold Project
West Arnhem Nabarlek For personal use only Uranium, Copper-Gold Project NORTHERN TERRITORY New high-grade uranium (copper-gold) drill targets in a proven Uranium system One of a few ASX companies targeting high-grade uranium
Slide 5: Exploring Australia's high grade uranium province
Exploring Australia’s high grade uranium province For personal use only Nabarlek 24 Mlbs @ 1.84% U3O8 The Alligator Rivers Uranium Province (ARUP) (Historical Production) • +500 Million Pounds U O endowment (mined and current 3 8 Resources) • Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb
Slide 6: Nabarlek Prospect: drilling to target high grade Nabarlek repetitions
1 Nabarlek Prospect: drilling to target high grade Nabarlek repetitions For personal use only • 2018 3D Induced Polarisation (IP) geophysical survey defines a chargeability anomaly beneath the historical Nabarlek Uranium Mine * • IP Anomaly interpreted to be mapping alteration associated with uraniu
Slide 7: Pre-mining high-grade drill intercepts at Nabarlek justify deeper exploration targeting
Primary focus:: Pre-mining high-grade drill intercepts at Nabarlek justify deeper exploration targeting For personal use only 9
Slide 8: U40 Prospect: Uranium-copper-gold target defined
2 U40 Prospect: Uranium-copper-gold target defined For personal use only • Previous intercepts in diamond core holes that define the high-grade pod include:* • 12.3m @ 0.73% U3O8, 1.77g/t Au, 2% Cu • Incl 2.6m @ 8.1g/t Au, 1.6g/t Pd, 1.0g/t Pt • 6.3m @ 7.23% U3O8, 0.7g/t Au, 1.9% Cu • 2018 IP survey
Slide 9: Uranium Targets - Basement-hosted uranium mineralisation
Uranium Targets - Basement-hosted uranium mineralisation For personal use only • Athabasca Basin (Canada) and the Alligator Rivers Uranium NexGen Energy Ltd: Province (ARUP) are the only known basins hosting 1 Athabasca Basin, economic Proterozoic Unconformity Uranium Deposits Canada • Close geologi
Slide 10: Junee and Bogong Copper-Gold Projects
Junee and Bogong For personal use only Copper-Gold Projects NEW SOUTH WALES Australia’s premier copper-gold district, tightly held by Major Miners Same age porphyries as Cadia-Ridgway and Northparkes Deposits
Slide 11: Junee Project: new opportunity for a major copper-gold discovery
Junee Project: new opportunity for a major copper-gold discovery For personal use only • Located in the Lachlan Fold Belt - a highly endowed copper gold region hosting several of Australia’s largest deposits • Junee Project remains underexplored, with last round of exploration drilling over 20 years
Slide 12: Junee Project: large-scale porphyry copper-gold targets identified
Junee Project: large-scale porphyry copper-gold targets identified For personal use only • +15km of prospective strike • Recent geophysical modelling and geological review by DevEx confirms potential for additional buried porphyry copper-gold style mineralisation • Several drill targets now defined,
Slide 13: Billabong Creek and Billabong North Prospects
1 Billabong Creek and Billabong North Prospects For personal use only • Billabong Creek: Previous interpretation of geophysical and geological datasets highlighted the potential for a buried porphyry intrusion • coincident gravity and magnetic lows; • topographic highs; Magnetics RTP Gravity • Potas
Slide 14: Nangus Road and Riversdale East and West Prospects
2 Nangus Road Prospects 3 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
Slide 15: Bogong Project: a second, nearby copper-gold prospect
Bogong Project: a second, nearby copper-gold prospect For personal use only • 60km SE of Junee Project • Significant near surface, broad copper intercepts in historical drilling • Better copper intercepts include*: • 54.9 m @ 1.06% Cu from 6.1m; and • 9.2 m @ 2.02% Cu from 39.6m • Copper sulphide mi
Slide 16: Bogong Project: under explored copper system in a mineral rich province
Bogong Project: under explored copper system in a mineral rich province For personal use only • Copper in soil geochemistry indicates the system is open to the north • Previous rock chip sampling demonstrates copper + gold relationship, up to 2.7 g/t gold with 1.1% copper • No modern geophysics to t
Slide 17: 2019 Forward Plan
West Arnhem Nabarlek Project 2019 Forward Plan ... • Drilling planned for June 2019 For personal use only • Nabarlek targets prioritised as they lie within an established productive mineralisation system • 10 to 12 holes for ~2100m planned Junee Copper-Gold Project • Mapping and geochemical sampling
Slide 18: Corporate Overview
For personal use only Corporate Overview Capital Structure Major Shareholders Shares 91.9M Tim Goyder (Chairman) 25.3% Fully diluted 94.9M Calm Holdings 5.8% Options ~7.6M Top 20 ~55.6% Market Cap ~$4.4M (at 4.8c) Cash $0.45M* Assets PhosEnergy Limited (9.9%) -3.45M shares Board & Management Tim Goy
Slide 19: Experienced exploration and development team
Experienced exploration and development team For personal use only Tim Goyder Brendan Bradley CHAIRMAN MANAGING DIRECTOR Perth-based mining investor A Geologist with 20+ years of with a strong record of mineral exploration, mining successful investment and and resource development value creation in
Slide 20: 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