Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Shareholder Meeting (November 2009)
19 slides from Devex Resources's shareholder meeting presentation, November 2009
Slide 1: A Near Term Production Focus
A Near Term Production Focus Pre-Production Technology Development and Brownfields Exploration in World Class Districts AGM Address, November 2009
Slide 2: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement 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, assumpti
Slide 3: Key Assets
Key Assets Opportunities For Near Term Production. • The PhosEnergy Process: provides the opportunity to re-establish uranium from phosphates as a major production source globally. • Historic Nabarlek Uranium Mine: A rare Brownfields exploration opportunity. - past production 24 Mlbs @ 1.84% U3O8.
Slide 4: Uranium From Phosphates
Uranium From Phosphates The change required to rejuvenate an industry • Developed by UEQ with Australian Nuclear Science and Technology Organisation (ANSTO). • PhosEnergy is a new “bolt on process” to recover U3O8 as a by by-product product at existing phosphate production facilities. • PhosEnergy a
Slide 5: Scale of the Opportunity
Scale of the Opportunity More than $1 billion in lost revenue per annum. • Worldwide 100Mt phosphate processed annually. annually - 20M lbs of contained U3O8. • 15 - 18% of world’s world s annual U3O8 production currently going unrecovered. • Multiple potential development opportunities g globally.
Slide 6: The Current Position
The Current Position The Process confirmed to pilot plant scale. • Large scale pilot plant testwork completed, over US$5M invested. • Non-Provisional N P i i lP Patent t t applications filed. • Further laboratory testwork in progress to refine low operating & capital cost parameters. • Cameco fundin
Slide 7: The Steps to U3O8 Production
The Steps to U3O8 Production Potentially very short lead time. • Pursue joint venture proposals to develop uranium extraction facilities at existing phosphate operations: - Negotiations underway with 4 producers. • Undertake testwork on ore/acid types from target operations: - Testwork initiated on
Slide 8: In Summary
In Summary Provides multiple options to near term production • Large resources defined and waiting to be exploited. • No effective competition: competing historical process has high operating costs ($60 - $70/lb) and 50% higher capital costs. • PhosEnergy operating costs $25 - $30/lb. $30/lb • Multi
Slide 9: Brownfields exploration in world class mineral districts
Uranium Equities Brownfields exploration in world class l mineral i l di districts ti t
Slide 10: Alligator Rivers Uranium Field
Alligator Rivers Uranium Field The place to find world class deposits. • Alligator Rivers: A world class Uranium province. • Jabiluka (360 Mlbs U3O8) • Ranger (194 Mlbs U3O8) • Nabarlek ( 24 Mlbs U3O8) • Koongarra ( 16 Mlbs U3O8) • Analogous to the Athabasca province with an order of magnitude less
Slide 11: A Rare "Brownfields" Exploration Opportunity
A Rare “Brownfields” Exploration “In the shadow of the Headframe.” Opportunity • Nabarlek N b l kP Project j t - Extensive E t i Land Position. - Nabarlek Mine Lease 100%. - West Arnhem Land Joint Venture (40% UEQ : 60% CAMECO). CAMECO) • Nabarlek Mine - Australia’s highest grade uranium mine (1.84%
Slide 12: Targets for immediate drilling
Targets for immediate Structural targets along mineralised corridor. drilling • Possible extensions to the Nabarlek mineralisation control structure remain untested beneath transported soil and laterite cover. • Regional geochemical anomalism requires follow up drilling drilling. • Targets supported
Slide 13: N147 Discovery
N147 Discovery Significant ore grade mineralization. • Significant intercepts: - 21.0m 21 0m @ 0.374% 0 374% U3O8 - 36.2m @ 0.172% eU3O8 - 14.5m @ 0.224% eU3O8 - 23.4m @ 0.138% eU3O8 • Open along strike in both directions. • Recent SAM survey shows apparent Nabarlek Mine Lease 1988 oblique dislocati
Slide 14: Coopers Prospect
Coopers Prospect Large Geochemical anomaly – structural targets. • Significant geochemical anomaly extends over 400m. • Peak Value 1544ppm U3O8 (ASX announcement 17/9/2009) • Close proximity to the Nabarlek Mine and the N147 Discovery. • Structural targets below and Nabarlek Mine Lease 1988 adjacent
Slide 15: Regional Geochemistry
Regional Geochemistry Major Uranium system with ore grade mineralisation. • Significant ore grade mineralisation defined at N147 prospect. • desp ead u Widespread uranium a u anomalism in shallow RAB drilling identifies targets g for follow up p drilling. • Extensive areas under Nabarlek Mine Lease
Slide 16: Brownfields Opportunities
Brownfields Opportunities Near deposit exploration in large mineral systems. • Rudall Project: j ((UEQ 40% : Cameco 60%)) Tenements adjoining Cameco’s Kintyre Uranium Deposit (70 Mlbs @ 0.38%) • Narraweena : (UEQ 100%) Tenements adjoin and cover extensions t i to t the th mineralised i li d h hostt
Slide 17: Greenfields Opportunities
Greenfields Opportunities Third party funded exploration for world class deposits. • Headwaters: (Vale earning 70% : UEQ 30%) Large under-explored tenement position in the Alligator River’s Uranium Field. Widespread uranium occurrences. • Lake Blanche: (Cameco earning 60% : UEQ 40%) exploring l i ff
Slide 18: Our Partners
Our Partners Major industry partners investing in quality assets. Cameco Investment in PhosEnergy Mitsui Investment in the Nabarlek Project Cameco WALJV (UEQ 40%) Vale Headwaters JV (UEQ 30% to BFS) Cameco Rudall River JV (UEQ 40%) Nabarlek Mine Lease 1988 Cameco Lake Blanche JV (UEQ 40%)
Slide 19: Quality assets with near term production focus
ASX:UEQ Quality assets with near term production focus. 30 Day VWAP A$0.20 Market Capital ≈ A$42 million Cash at Bank ≈ A$11.3 million projected Dec ‘09 Shares on Issue 210 million Nabarlek Mine Lease 1988 Fully diluted 225 million
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