Devex Resources Ltd · ASX:DEV
Devex Resources — Resources Rising Stars Gold Coast Conference June 2022
20 slides from Devex Resources's conference presentation, Jun 7, 2022
Slide 1: Powering Up: Exploring in Australia's Highest-Grade Uranium Province
For personal use only POWERING UP EXPLORING IN AUSTRALIA’S HIGHEST- GRADE URANIUM PROVINCE Resources Rising Stars Gold Coast Conference – June 2022 ASX : DEV
Slide 2: 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 3: 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 4: Corporate Overview
For personal use only Corporate Overview Capital Structure Major Shareholders Shares 314.2M Tim Goyder (Chairman) 17.8% Options 15.2M Top 20 39.6% Market Cap $122M (at 39c2) Cash1 $10M 0.80 8,000 Assets PhosEnergy Limited (5.3%) 0.70 7,000 Patented technology to recover uranium from phosphate fertil
Slide 5: Led by an experienced technical team
Led by an experienced technical team • Industrial Chemist with considerable experience in the operation and development of Hardrock and In- Situ uranium mines, including the Olympic Dam Expansion Project and Beverly Uranium Mine For personal use only • Managing Director of PhosEnergy Ltd, and Non Ex
Slide 6: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province For personal use only The Alligator Rivers Uranium Province, NT (ARUP) • +500 Million Pounds U O endowment (mined and current Resources1,2) 3 8 • Close analogue to uranium deposits in the Athabasca Basin in Canada, incl.: • Arrow (Nex
Slide 7: Nabarlek Project Time to Power Up
Nabarlek Project Time to Power Up For personal use only 150 Nabarlek Mine Area 125 • Exploration centered on the 100 historical Nabarlek Uranium Mine Uranium Spot Price Exploration Camp • Well established infrastructure US$/lb 75 Acquired Nabarlek and support network March 2022: US$59/lb Fukushima E
Slide 8: Nabarlek 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 9: 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 10: Nabarlek 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 10
Slide 11: Nabarlek 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 12: Ranger Exploration Model: Deep Drilling at Nabarlek is Rare
Ranger 3 Exploration Model: Deep Drilling at Nabarlek is Rare For personal use only • 1 km south of the Nabarlek Uranium Mine • Uranium bearing structures under explored at Nabarlek • Nearby Ranger 3 Deposit demonstrates the significant depth these deposits can extend over 12
Slide 13: Nabarlek Project: Surrounding Uranium 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 14: Nabarlek 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 15: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Recent discovery of high-grade palladium and associated For personal use only nickel-copper-platinum group elements (Ni-Cu-PGE) by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region • Sovereign Project loc
Slide 16: Sovereign Project: Prospective 12km long mafic-ultramafic intrusion
Sovereign Project: Prospective 12km long mafic-ultramafic intrusion For personal use only • Diamond drilling provides a significant endorsement of the Ni-Cu-PGE prospectivity over the larger 12km long Sovereign mafic-ultramafic intrusion • Assays results have confirmed several zones of anomalous Ni
Slide 17: Central Lachlan Fold Belt Region: Sizeable portfolio amongst mining majors
Central Lachlan Fold Belt Region: Sizeable portfolio amongst mining majors For personal use only 1 A world-class gold, copper-gold belt Host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd), as well as several large-scale gold deposits including the Cowal Gold Mine (Evol
Slide 18: Nangus Road Prospect: Large scale Au-Cu Drill Target
Nangus Road Prospect: Large scale Au-Cu Drill Target For personal use only • Recent drilling defining shallow high-grade gold mineralization - open to the north, south and at depth • Gold intercepts lie within strongly altered, sheared, volcanic rocks flanked by monzonite intrusions Billabong Creek
Slide 19: 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 to commence first half of top-end dry season 2022, including: ‒ Nabarlek Pit Edge ‒ Nabarlek South ‒ Zeus to U40 Corridor ‒ U42
Slide 20: Contact Details and References
For personal use only Contact Details Investor Relations Level 3, 1292 Hay Street Read Corporate West Perth WA 6005, Australia Nicholas Read +61 8 9388 1474 +61 8 6186 9490 nicholas@readcorporate.com.au +61 8 6186 9495 info@devexresources.com.au https://twitter.com/DevExResources www.devexresources.
DevEx Resources — Resources Rising Stars Gold Coast Conference June 2022 on 6ix