Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (September 2023)
19 slides from Devex Resources's investor presentation, Sep 18, 2023
Slide 1: Exploring Australia's Discovery Hotspots
For personal use only Exploring Australia’s Discovery Hotspots September 2023 ASX: DEV
Slide 2: Important Information
Important Information Forward Looking Statements 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 uncertainties. These statements ar
Slide 3: Exploring Australia's discovery hot-spots
Exploring Australia’s discovery hot-spots Nabarlek Uranium Alligator Rivers Uranium Province, NT For personal use only Project • Nabarlek Project – Targeting high-grade uranium and copper-gold, surrounding the historical Nabarlek Uranium Mine (24 Mlbs @ 1.8% U3O8 produced) • Unique - One of very few
Slide 4: Corporate Overview
Corporate Overview Board of Directors Capital Structure Tim Goyder For personal use only Shares 370.8M Chairman Mining executive with strong track record of successful investment and value creation for Options and Performance Rights 11.85M shareholders. Market Cap $142.8M (at 38.5c2) Chairman of Lio
Slide 5: Major uranium asset in Australia's highest-grade uranium province
Major uranium asset in Australia’s highest-grade uranium province The Alligator Rivers Uranium Province, NT (ARUP) For personal use only • +500 Million Pounds U O endowment (mined and current 3 8 Resources )1,2 • Close analogue to uranium deposits in the Athabasca Basin in Canada DevEx’s Nabarlek Pr
Slide 6: The Nabarlek Deposit: Where it is all about the grade
The Nabarlek Deposit: Where it is all about the grade !! For personal use only Uranium Mineralisation defined by drilling in northern half of the Nabarlek Pit – now mined out. • Small High-Grade Footprint: Significant concentration of Uranium Mineralisation mined from the pit • Strong Structural Con
Slide 7: Nabarlek Project
Nabarlek Project 150 • Exploration centered on For personal use only the historical Nabarlek Nabarlek Mine Area Uranium Mine 125 • Well established infrastructure and support network 100 • Positive working Uranium Spot Price Exploration Camp relationships with traditional owners US$/lb 75 Acquired N
Slide 8: Nabarlek Project: 2023 Drill Campaign Underway
Nabarlek Project: 2023 Drill Campaign Underway Focus on two uranium faults systems For personal use only U40 Fault • Previous high-grade uranium intercepts at U40 Prospect (incl 6.0m @ 7.6% U3O8 from 75m) • New step-out drilling (2023) continues to identify high-grade uranium on U40 Fault – open to
Slide 9: Nabarlek Project: U40 Prospect, new significant uranium intercepts
Nabarlek Project: U40 Prospect, new significant uranium intercepts Exploring the U40 Fault For personal use only U40 Prospect • Spectacular historical uranium with gold intercepts at U40 (December 2010 – just prior to Fukushima in March 2011) incl.: • 6m @ 7.6% U3O8, 0.7g/t Au from 75m (NAR7492); •
Slide 10: Nabarlek Project: Significant uranium open to the south
Nabarlek Project: Significant uranium open to the south For personal use only U40 Prospect • Near surface uranium mineralisation at U40 masked by flat dolerite which requires further infill drilling • DevEx successfully targeting significant uranium mineralisation along the U40 Fault south of previo
Slide 11: Nabarlek Project: Major uranium trend
Nabarlek Project: Major uranium trend For personal use only U40 to U42 Prospects • Uranium bearing U40 Fault can be mapped in magnetics beneath the flat dolerite • U40 Fault appears to link up immediately east of recent uranium intercepts at U42 Prospect • Other unexplored structures east and west o
Slide 12: Nabarlek Project: Nabarlek North and South Prospects
Nabarlek Project: Nabarlek North and South Prospects Exploring the Nabarlek Fault For personal use only • Hosts the uranium mined from Nabarlek Mine • Fracture hosted uranium in dolerite (Nabarlek South) from 2022 drilling: ‒ 10.1m @ 1.10% U3O8 from 124m ‒ 54.6m @ 0.20% U3O8 from 77m • New 2023 dril
Slide 13: Kennedy Project: Extensive Ionic Clay Rare Earth Elements in Surface Clays
Kennedy Project : Extensive Ionic Clay Rare Earth Elements (REE) in Surface Clays For personal use only • Step-out drilling confirms regional scale REE mineralisation from surface with significant results from drilling including: - 2m @ 1,537ppm TREO from surface (KRAB013) - 2m @ 1,734ppm TREO from
Slide 14: Kennedy Project: Positive Metallurgy Supports Next Stage
Kennedy Project : Positive Metallurgy Supports Next Stage For personal use only • Metallurgical test work confirms Ionic Adsorption REE Clays • Rapid recoveries by desorption of REEs in first 30 minutes using ammonium sulphate (AMSUL) solution in weak acid conditions (pH4) • Very low acid consumptio
Slide 15: Kennedy Project: Significant up-scale potential
Kennedy Project : Significant up-scale potential – Extensive Drill Target For personal use only • Drilling underway • Focussed on determining the overall extent of the Ionic Adsorption REE Clays over the broader Project area • Drilling will provide an understanding of the grade distribution of the h
Slide 16: Highway Nickel Project: Nickel sulphide exploration north of Kalgoorlie
Highway Nickel Project: Nickel sulphide exploration north of Kalgoorlie For personal use only • Earn-In-Agreement to explore for Kambalda-style nickel sulphide mineralisation north of the historical Scotia Nickel Sulphide Mine • Located on the nickel sulphide endowed Highway ultramafic, immediately
Slide 17: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Discovery of high-grade palladium and associated nickel- For personal use only copper-platinum group elements (Ni-Cu-PGE) by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region • Sovereign Project located b
Slide 18: DevEx Next Steps
DevEx Next Steps Nabarlek For personal use only • Drilling ongoing at U40, U42 and Nabarlek North and South Prospects • Diamond drilling rig being mobilised to site to also assist with targeted drilling Kennedy • Drilling to test continuity and scale of the clay hosted REE mineralisation Highway Nic
Slide 19: References / Thank you
For personal use only References Nabarlek Project – Slide 5: 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. Thank you 2. Min
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