Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (July 2020)
23 slides from Devex Resources's investor presentation, Jul 6, 2020
Slide 1: Positioned for Discovery in Australia's Exploration Hot-Spots
For personal use only POSITIONED FOR DISCOVERY IN AUSTRALIA’S EXPLORATION HOT-SPOTS Investor Presentation JULY 2020 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: Highly prospective ground in Australia's exploration hot-spots
Lachlan Fold Belt, NSW (100% owned) Highly prospective • New wave of explorers hunting for the next Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd), sparking significant interest in the region. ground in Australia’s For personal use only • DevEx has built a large +600km2 (
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure Major Shareholders Shares 190.4M Tim Goyder (Chairman) 24% Options 14.9M Top 20 48% Market Cap $20.9M (at 11c) Cash* $2.8M Assets PhosEnergy Limited (8.8%): 5.1M Shares Board & Management Tim Goyder Chairman Brendan Bradley Managing Director
Slide 5: Led by a proven team – invested and highly motivated
Led by a proven team – Supported by an experienced invested and highly motivated… technical team and board • 35+ years experience. For personal use only • Extensive experience in epithermal gold and porphyry copper-gold exploration and development in the Lachlan Fold Belt and abroad. Chris Torrey •
Slide 6: Lachlan Fold Belt Gold, Copper-Gold Projects
Lachlan Fold Belt Gold, Copper-Gold For personal use only Projects NEW SOUTH WALES SYDNEY Basin Creek & Junee Projects Large scale gold and copper-gold potential, tightly held by major miners Drilling planned for Q3 2020
Slide 7: Lachlan Fold Belt Region: sizeable portfolio amongst mining majors
Lachlan Fold Belt Region: DevEx has built a 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 largescale gold deposits including Cowal Gold Mine (
Slide 8: Basin Creek Project: Gold system defined over +4km strike length
Basin Creek Project: Gold system defined over +4km strike length For personal use only • Current exploration activities focused on Main Ridge Gold Prospect, within the Basin Creek Project. • Extensive gold system defined at surface over +4km strike with recent rock chips up to 8.0g/t gold – Targets
Slide 9: Main Ridge (Northern Target): Defining high priority drill targets
Main Ridge (Northern Target) : Defining high priority drill targets For personal use only • Significant cluster of >1g/t gold in rock chips over several hundred metres in northern Main Ridge Prospect. • Northern Priority Target : 1km long drill target defined by extensive alteration and associated r
Slide 10: Junee Copper-Gold Project: 60Km NE of Basin Creek Project
Junee Copper-Gold Project: 60Km NE of Basin Creek Project, NSW For personal use only SYDNEY Basin Creek & Junee Projects Major explorers within the Junee-Narromine Volcanic Belt Newmont Goldcorp Exploration Pty Ltd | Freeport-McMoran Exploration Australia Pty Ltd | Evolution Mining Ltd | Sandfire Re
Slide 11: Junee Project: Underexplored with no drilling for +25 years
Junee Project: Underexplored with no exploration drilling for +25 years For personal use only • 2017: Re-rating with Government mapping identifying porphyry monzonite intrusions contemporaneous with the Cu-Au bearing Northparkes and Cadia Ridgeway porphyry intrusions. • +20km of prospective strike.
Slide 12: Junee Project: Exploration ramps up in 2020
Junee Project: Exploration ramps up in 2020 For personal use only 1 Riversdale North Prospect • 2019 assays and mapping identified oxidised copper associated with epidote veins and alteration, including a gold + base metal gossan assaying 2.81g/t Au, 0.4% Cu and 1.3% Pb. Billabong Creek • 2020 a new
Slide 13: Riversdale North and Billabong Creek prospects
1 Scattered Epidote and Oxidised Small Gossan sub-crop Riversdale North Prospect Copper Veins in Volcanics Rockchip – 2.81g/t Au, 0.4% Cu and 1.32% Pb Maximum Rockchip 1.3% Cu Proposed Drilling • Coincident IP chargeability anomaly near surface For personal use only and directly beneath surface occu
Slide 14: Julimar Complex Earn In & Applications
Julimar Complex For personal use only Earn In & Applications WESTERN AUSTRALIA PERTH Julimar Applications Developing a strategic position within a new exploration hot spot Targeting magmatic palladium-nickel-copper deposits
Slide 15: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region For personal use only • Recent high-grade palladium and associated nickel- copper-platinum group elements (Ni-Cu-PGE) discovery by Chalice Gold Mines Limited (ASX:CHN) has kicked off an exploration boom in the region. • DevEx has secured
Slide 16: Sovereign Project: Commenced field exploration
Sovereign Project : Commenced field exploration For personal use only • New Earn-In-Agreement secures the Sovereign magnetic anomaly, which extends over both the ASQ Tenement and DevEx’s neighbouring Application. • The Sovereign Project is located between the Chalice discovery and Yarawindah Brook N
Slide 17: 2020+ Forward Plan
2020+ Forward Plan... Junee Copper-Gold Project • Reverse Circulation and Diamond Drilling at Riverside North, Nangus Road and Billabong Creek Prospects planned for Q3 For personal use only • Indicative drill programme of 6 holes to test targets Basin Creek Gold Project • 4km surface gold system ide
Slide 18: Next Steps: Planned timeline to drill
Next Steps: Planned timeline to drill 2020 Jul Aug Sept Oct Nov Dec 2021 For personal use only Basin Creek Project, NSW • Surface soil geochemistry (central and southern area) • Drilling Programme RC and Diamond Drilling Junee Project, NSW • Drilling Programme RC and Diamond Drilling Sovereign Proje
Slide 19: 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
Slide 20: Appendix: Other Projects
Appendix For personal use only Other Projects 20
Slide 21: West Arnhem Nabarlek Uranium, Copper-Gold Project
West Arnhem Nabarlek For personal use only Uranium, Copper-Gold Project NORTHERN TERRITORY High-grade uranium-copper-gold opportunity in a proven Uranium system One of few ASX companies drilling for high-grade uranium
Slide 22: Exploring in Australia's high grade uranium province
Exploring in Australia’s high grade uranium province For personal use only The Alligator Rivers Uranium Province (ARUP) • +500 Million Pounds U O endowment (mined and current Resources) 3 8 • Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb U3O8) • Significant potential exists for Gold-PGE C
Slide 23: Additional References
Additional References For personal use only Basin Creek & Junee Projects – Slide 7 and 10: 1: Alkane Resource Ltd ASX Announcement 9th September 2019. 2: Sky Metals Ltd ASX Announcement 10th February 2020. 3: GSNSW East Riverina Mapping Project - Some Highlights and Implications, Eastlake and Trigg.