Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (October 2024)
24 slides from Devex Resources's investor presentation, Oct 22, 2024
Slide 1: Positioned for growth in the resurging uranium sector
For personal use only Positioned for growth in the resurging uranium sector Investor Presentation October 2024 ASX: DEV
Slide 2: Important Information
Important Information Forward Looking Statements The information in this Presentation that relates to Exploration Results for the Nabarlek Project is extracted from the This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ASX announc
Slide 3: Well-funded and led by a proven team
Well-funded and led by a proven team Board and Management Capital Structure For personal use only Shares 441.69M Tim Goyder Chairman Mining executive with 40+ years of mining experience and a strong track record of successful investment and value creation for shareholders. Chairman of Liontown Optio
Slide 4: DevEx's Exploration Portfolio – Building a Clean Energy Portfolio
DevEx’s Exploration Portfolio – Building a Clean Energy Portfolio Nabarlek For personal use only Nabarlek Uranium Project Alligator Rivers Uranium Province, Murphy West Northern Territory (100%) Kennedy Jimblebar Murphy West Uranium Project Westmoreland Uranium Province, Highway Northern Territory (
Slide 5: Why uranium?
For personal use only Why uranium? Clean energy Increased demand Supply Constraints Policy Support • Nuclear power is a • Global need to find low- • Uranium production has been • Changes in government sustainable, reliable and carbon, large-scale power subject to geopolitical energy policies are see
Slide 6: Assets aligned with a strong resurgence in the uranium market
Assets aligned with a strong resurgence in the uranium market Uranium Supply Demand (Upper Scenario) Uranium Price For personal use only $120 Feb 24: 16-year price $100 high US$107 $80 $60 $40 $20 $0 2019 2020 2021 2022 2023 2024 A growing supply shortfall – forecast to …Driving a strong uranium mar
Slide 7: Giant high-grade unconformity-type uranium deposits: found in only two regions
Giant high-grade unconformity-type uranium deposits: Found in only two regions of the world DevEx’s Exploration Strategy Replicate the success of the Athabasca Basin and leverage DevEx's position as the dominant uranium explorer in the McArthur Basin, powered by a resurging uranium price For persona
Slide 8: Actively exploring the prestigious McArthur Basin with +700 Mlbs of uranium endowment
Actively exploring the prestigious McArthur Basin with +700 Mlbs of uranium endowment Nabarlek Uranium Project For personal use only Located on north-west margin of the Mc Arthur Basin - Alligator Rivers Uranium Province - famous for large high grade uranium deposits (unconformity type). Host to Aus
Slide 9: Nabarlek Uranium Project
For personal use only Nabarlek Uranium Project Northern Territory, 100%
Slide 10: Nabarlek Project – Alligator Rivers Uranium Province
NABARLEK PROJECT Alligator Rivers Uranium Province For personal use only Brownfield exploration centred on the historical Nabarlek Uranium Mine – Australia’s highest-grade uranium mine: Production History: 24 Mlbs @ 1.84% U3O8 DevEx holds a dominant ground position of +4,700km2. Exploring the Nabarl
Slide 11: Alligator Rivers Uranium Province – Unconformity uranium deposits
ALLIGATOR RIVERS URANIUM PROVINCE Unconformity uranium deposits For personal use only 11 Source: Public information. Mineralisation outlines may vary between deposits
Slide 12: Recent focus on two uranium bearing fault zones
NABARLEK PROJECT Recent focus on two uranium bearing fault zones Nabarlek Fault Corridor For personal use only Hosts the historical Nabarlek Uranium Mine. Drilling identified uranium mineralisation along the fault zone directly beneath the unconformity. Fault zone poorly tested to NW and at depth be
Slide 13: U40 Fault – Extensive uranium mineralisation
NABARLEK PROJECT U40 Fault – Extensive uranium mineralisation For personal use only DevEx’s drilling is defining high-grade uranium mineralisation at the U40 Prospect. Encountering unconformity-type uranium mineralisation typical of the province: • Hosted in basement rocks directly beneath the uncon
Slide 14: U40 Fault – Targeting fault hosted uranium mineralisation
NABARLEK PROJECT U40 Fault – Targeting fault hosted uranium mineralisation at U40 High-grade uranium intercepts associated with a series of stacked faults. For personal use only West Zone • West, shallow-dipping fault zone on the western margin of the U40 Fault. • Fault and mineralisation open down
Slide 15: U40 – Drilling confirms uranium in fault breccia – open to south
NABARLEK PROJECT U40 – Drilling confirms uranium in fault breccia – open to south For personal use only Right: Photo of diamond core from Hole DD3 – Uranium mineralisation in altered fault breccia - 1.4m @ 0.58% U3O8 from 252.5m 15
Slide 16: Murphy West Uranium Project
For personal use only Murphy West Uranium Project Northern Territory (earning-in)
Slide 17: Murphy West Project – An emerging uranium asset
MURPHY WEST PROJECT An emerging uranium asset Located west of Westmoreland Uranium For personal use only Project (Laramide Resources Limited, ASX: LAM) in nearby QLD. Three separate Earn-In Agreements to explore for uranium: • Province scale ~10,000 km2. • 180km prospective strike along southern mar
Slide 18: Large scale priority uranium targets for immediate field testing
MURPHY WEST PROJECT Large scale priority uranium targets for immediate field testing New Radiometric and Magnetic Airborne For personal use only Survey identifying large unexplored targets. Radiometric Anomalies (uranium-channel) up to 2km long. Untested by previous exploration. Two types of uranium
Slide 19: Kennedy Rare Earth Element Project
For personal use only Kennedy Rare Earth Element Project Queensland, 100%
Slide 20: Maiden 150Mt Inferred Mineral Resource - starts from surface
KENNEDY PROJECT Maiden 150Mt Inferred Mineral Resource - starts from surface One of only a select few ionic clay projects defined in Australia For personal use only Significant investment by the QLD Government into infrastructure upgrades and critical minerals in the region. Recent QLD Government su
Slide 21: Working closely with local communities and landowners to deliver shared benefits
Working closely with the local communities and landowners to deliver shared benefits Environment For personal use only • Demonstrated environmental management through the ongoing rehabilitation of Nabarlek Mine Site. • Worked with local communities for various on-country support, including restor
Slide 22: Why DevEx?
Why DevEx? For personal use only One of the few ASX-listed companies fully permitted and actively exploring for high-grade uranium in Australia. Aligned with a strong resurgence in the uranium market - global clean energy transition and a forecast supply shortfall driving recent record uranium spot
Slide 23: References
References Nabarlek Project – Slide 8 and Slide 10: 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. For personal use only 2 Mi
Slide 24: Contact Us
For personal use only Scan the QR code Contact Us Investor Relations to view or share a digital version Todd Ross, Managing Director Read Corporate of this presentation +61 416 718 110 Nicholas Read todd.ross@devexresources.com.au +61 8 9388 1474 Level 3, 1292 Hay Street nicholas@readcorporate.com.a
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