Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (May 2021)
24 slides from Devex Resources's investor presentation, May 31, 2021
Slide 1: Exploring in Australia's Discovery Hotspots
EXPLORING IN AUSTRALIA’S DISCOVERY HOTSPOTS Investor Presentation 31 May 2021 ASX : DEV
Slide 2: Important Information
Important Information 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 statements are not guar
Slide 3: Exploring in Australia's discovery hot-spots
Julimar Complex, WA (Earn-In and 100% Tenements) Exploring in Australia’s • New high-grade palladium-nickel discovery by Chalice Mining Ltd demonstrates enormous potential for the region. discovery hot-spots • Exploration underway at Sovereign Project - underlying mafic-ultramafic intrusive rocks of
Slide 4: Led by an invested and highly motivated team
Led by an invested and highly Supported by an experienced motivated team… technical team and board • Industrial Chemist with extensive experience in the uranium industry. • Experienced in the technical evaluation, construction and operation of projects in various commodities. Bryn Jones • Technical
Slide 5: Upside Potential: Capital Structure and Major Shareholders
Upside Potential: Exploring on untouched ground within proven mineral regions for maximum growth impact Capital Structure Major Shareholders Shares 283M (308M2) Tim Goyder (Chairman) 19% (17.4%2) Options 15.5M Top 20 44% Market Cap $103M ($112M2) (at 36.5c) Cash1 $10.35M ($17.6M2) Assets PhosEnergy
Slide 6: Julimar Complex Nickel-Copper-PGE
Julimar Complex Nickel-Copper-PGE WESTERN AUSTRALIA PERTH Sovereign Project Developing a strategic position within a new exploration hot spot Drilling for nickel-copper-platinum group element (PGE) deposits
Slide 7: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Recent high-grade palladium and associated nickel-copper- platinum group elements (Ni-Cu-PGE) discovery by Chalice Mining Limited (ASX:CHN) has kicked off an exploration boom in the region. • Sovereign Project is located between Chalice
Slide 8: Sovereign Nickel-Copper-PGE Project: Highly encouraging maiden results
Sovereign Nickel-Copper-PGE Project: Highly encouraging maiden results • Highly encouraging results from maiden broad-spaced AC drilling have confirmed: o The presence of a broad differentiated mafic-ultramafic intrusion, similar to the host geology at the Julimar Project discovery. o Extensive +3km
Slide 9: Sovereign Nickel-Copper-PGE Project: Expanded drilling program underway
Sovereign Nickel-Copper-PGE Project: Expanded drilling program underway • Follow-up AC drilling is underway (200 holes for 5000m). • The Mackenzie Target is a priority focus - the highly prospective southern portion of this anomalous intrusion, which remains open. • First-pass drilling will also tes
Slide 10: NSW Gold, Copper-Gold Portfolio
NSW Gold, Copper-Gold Portfolio Wilga Downs Project Junee Project Basin Creek Project Wilga Downs Project SYDNEY Basin Creek & Large scale gold and copper-gold potential, tightly held by major miners Junee Projects Encouraging early drilling campaigns
Slide 11: Cobar Gold-Base Metal Projects: DevEx further strengthens NSW portfolio
Cobar Gold-Base Metal Projects: DevEx further strengthens NSW portfolio New discovery opportunities within the highly prospective Cobar mining region, western Lachlan Fold Belt. 1. Wilga Downs Gold-Base Metal Project • Earn-In Agreement with Thomson Resources Ltd (TMZ), to earn 80% on granted Explor
Slide 12: Wilga Downs Project: Significant Off-Hole Conductor adjacent to mineralisation
Wilga Downs Project: Significant Off-Hole Conductor adjacent to mineralisation • Cobar type magnetic-gravity anomaly located on the prospective fault contact between Cobar Supergroup and Girilambone Group. • Priority target is similar to other gold-polymetallic Cobar deposits: • Glencore’s CSA Coppe
Slide 13: Wilga Downs Project: Further exploration underway to test 'near miss'
Wilga Downs Project: Further exploration underway to test ‘near miss’ Semi massive pyrrhotite with chalcopyrite from 551.6m (Hole 20WD001). Gold mineralization is also associated with the copper. Diamond drilling planned to target the significant off-hole conductor (Conductor A) recently identified
Slide 14: Central Lachlan Fold Belt Region: DevEx has built a sizeable portfolio
Central Lachlan Fold Belt Region: DevEx has built a sizeable portfolio amongst mining majors 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 (Evolution Mini
Slide 15: Junee Project: Underexplored southern extension of the Macquarie Arc
Junee Project: Underexplored southern extension of the Macquarie Arc • 2017: Re-rating with Government mapping identifying porphyry monzonite intrusion (Cu-Au bearing Cooba Monzonite) contemporaneous with the Cu-Au bearing Northparkes and Cadia Ridgeway porphyry intrusions2. • +20km of prospective s
Slide 16: Junee Project: Encouraging gold-copper assays from Nangus Road target
Junee Project: Encouraging gold-copper assays from large-scale, Nangus Road target Billabong Creek IP Chargeability See ASX : DEV Announcement 26th May 2021 • Wide-spaced reconnaissance AC drilling has intersected broadly anomalous and coincident copper-gold bedrock mineralisation on multiple traver
Slide 17: Junee Project: Nangus Road - porphyry copper-gold exploration target
Junee Project: Nangus Road - an excellent porphyry copper-gold exploration target • Nangus Road: exploring for a “Cadia-Ridgeway type” porphyry Cu-Au mineralisation. • The anomalous bedrock Cu-Au mineralisation extends over a strike length of 1km and remains Billabong Creek open to the south over th
Slide 18: Nabarlek Project
Nabarlek Project Uranium, Copper-Gold NORTHERN TERRITORY High-grade uranium-copper-gold opportunity in a proven uranium system DevEx well positioned to benefit from an improving uranium market
Slide 19: 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 (ARUP) • +500 Million Pounds U O endowment (mined and current 3 8 Resources ). 1,2 • Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb U3O8). • Significant potential exists for Gold-Copper
Slide 20: The Nabarlek Deposit: Significant Target - Near-Mine Exploration
The Nabarlek Deposit : Significant Target - Near-Mine Exploration • Nabarlek Uranium Mineralisation – Significant Concentration of Uranium Mineralisation • Near-Mine Exploration: DevEx is targeting extensions to the Nabarlek Uranium Deposit • Numerous historical uranium prospects within the granted
Slide 21: Next Steps: Planned timeline to drill
Next Steps: Planned timeline to drill 2021 May 21 Jun 21 Jul 21 Aug 21 Sep 21 Oct 21 Nov 21 Sovereign Project, Julimar Complex, WA • Expanded air-core (AC) drilling program on eastern side of Complex • Maiden drilling program on western side of Complex • Expanded ground EM • RC / diamond drilling Wi
Slide 22: DevEx Strategy
DevEx Strategy 1 Leveraged for Upside DevEx Projects are unconstrained by historical exploration and any discovery success will have a profound impact. 2 Unexplored Exploring newly recognised extensions of Australia’s most promising mineral belts on previously untouched ground. 3 Discovery Opportuni
Slide 23: Additional References
Additional References Julimar Complex & Sovereign Project - Slides 7-9: 1. Chalice Gold Mines Limited (ASX:CHN) ASX announcement “High-Grade Ni-Cu-Pd Sulphide Intersected at Julimar” on 23rd March 2020 and “High-grade Ni-Cu-PGEs confirmed in discovery zone at Julimar” on 25th May 2020. 2. Cassini Re
Slide 24: Contact Details
Contact Details Level 3, 1292 Hay Street West Perth WA 6005, Australia +61 8 6186 9490 +61 8 6186 9495 info@devexresources.com.au www.devexresources.com.au https://twitter.com/DevExResources https://www.linkedin.com/company/devex-resources/ Investor Relations Read Corporate Nicholas Read +61 8 9388