Slide 1: 2025 AGM Chair's Address and Presentation
ASX Announcement 27 November 2025 ASX:DEV 2025 AGM Chair’s Address and Presentation DevEx Resources Limited (ASX: DEV; DevEx or the Company) is pleased to provide a copy of the Chair’s address and the Company’s presentation which will be delivered to shareholders at the DevEx Annual General Meeting
Slide 2: 2025 Annual General Meeting – Chair's Address
ASX Announcement 27 November 2025 ASX:DEV 2025 Annual General Meeting – Chair’s Address Ladies and Gentlemen, The past year has been one of consolidation and reset for DevEx, positioning the Company for the next phase of growth in what we see as the early stages of a major resurgence in the global u
Slide 3: Chair's Address (continued)
2025 ANNUAL GENERAL MEETING – CHAIR’S ADDRESS Looking ahead, 2026 is set to be a busy period for DevEx, with multiple work programs targeting high- grade uranium discoveries across our expanded ground position in the Northern Territory, ongoing work at Murphy West and the continued advancement of Ke
Slide 4: Positioned for growth in the resurging uranium sector
WE SHOULD USE A For personal use only NEW PHOTO HEREES THIS SLIDE NEED TO BE UPDATED? Positioned for growth in the resurging uranium sector DevEx Annual General Meeting 27 November 2025 ASX: DEV
Slide 5: Important Information
Important Information Forward Looking Statements • “Nabarlek Uranium Project – Exploration Update” released on 9 September 2024; This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, • “U40 System Grows with High-Grade Uranium Hits” r
Slide 6: About DevEx Resources
For personal use only About DevEx Resources Rare Tenure, Rare ASX-listed Global Nuclear Power Demand Rapid value growth through uranium opportunity is ready to surge: AI to drilling discovery. Supercharge Uranium’s Demand Capitalise on-ground knowhow to Control the Basin unlock other advanced assets
Slide 7: Value Driving Team: Discovery to Development
Value Driving Team : Discovery to Development Board and Management Capital Structure Tim Goyder Chairman Shares 441.69M For personal use only Mining executive with 40+ years of mining experience and a strong track record of successful investment and value creation for shareholders. Chairman of Liont
Slide 8: The New Force in Uranium
The New Force in Uranium Positioning for Growth For personal use only Full value chain expertise 2026 drill program + Targeting the next large Highly prospective NT to explore, discover, strategic M&A to accelerate scale, high grade deposit, landholdings in premier acquire, develop and portfolio gro
Slide 9: Why Uranium?
Why Uranium? Nuclear energy is a safe, scalable power source used globally For personal use only ~10% 32 438 Of the world’s power is currently provided by Countries including the United States, Operating nuclear power reactors nuclear - safely providing zero emission France and Finland safely use nu
Slide 10: Filling the Gap
Filling the Gap Our assets are aligned with a strong resurgence Uranium Supply Demand (Upper Scenario)1 Uranium Price2 For personal use only $120 Feb 2024: 16-year $100 price high US$107 Supply gaps forecast to 2040 + beyond $80 $60 $40 $20 $0 2019 2020 2021 2022 2023 2024 2025 A growing supply shor
Slide 11: Why DevEx – Building an Energy Portfolio
Why DevEx – Building an Energy Portfolio For personal use only Nabarlek Nabarlek Uranium Project North-Western McArthur Basin, Murphy West Northern Territory (100%) Kennedy Jimblebar Murphy West Uranium Project Southern McArthur Basin, Northern Territory (Earning-in) Uranium Projects Kennedy Rare Ea
Slide 12: DevEx's Exploration Strategy
Giant high-grade unconformity-type uranium deposits: Found in only two regions of the world DevEx’s Exploration Strategy Replicate the success of the Athabasca Basin and leverage DevEx's position as the dominant uranium explorer in the McArthur Basin, powered by a resurging uranium price For persona
Slide 13: Athabasca Basin Analogue: The Canadian Deposit Model
ATHABASCA BASIN - ANALOGUE Unconformity-Type Uranium Deposits: The Canadian Deposit Model For personal use only 10 Source: Public Information and NexGen Energy Ltd Corporate Presentation November 2025
Slide 14: McArthur Basin: Targeting the Next Monster
MCARTHUR BASIN Unconformity-Type Uranium Deposits: Targeting the Next Monster For personal use only DevEx’s uranium strategy: Targeting Jabiluka-Scale Opportunities 11 Source: Public information. Mineralisation outlines may vary between deposits
Slide 15: Nabarlek Uranium Project
For personal use only Nabarlek Uranium Project Northern Territory, 100%
Slide 16: Nabarlek Project: Prime location in a world-class uranium region
NABARLEK PROJECT Prime location in the heart of a world-class uranium region Region Alligator Rivers Uranium Province, host to some of the world’s largest uranium deposits on the north-western margin of the McArthur Basin For personal use only uranium endowment of over 730Mlbs1-3 The Right Area: Est
Slide 17: Nabarlek and U40 Fault Corridors
NABARLEK PROJECT Nabarlek and U40 Fault Corridors Nabarlek Fault Corridor Area: Hosts the historical Nabarlek Uranium Mine For personal use only Structure: Significant uranium mineralisation identified along the fault zone north and south of mine Rocks: Nabarlek-host rocks re-occurring beneath the m
Slide 18: Where could a Jabiluka-scale deposit be found within Nabarlek?
2025 FOCUS Where could a Jabiluka-scale deposit be found within Nabarlek? Multiple, undrilled large-scale uranium targets For personal use only surrounding the historical Nabarlek Uranium Mine. Targets are characterised by: • Extensive, high-order Radon Track Etch anomalies • Large alteration footpr
Slide 19: New targets span several kilometers and have never been drilled
2025 FOCUS New targets span several kilometers and have never been drilled For personal use only Historical drilling has focused on basement exposure where overlying sandstones are stripped away. New targets beneath overlying sandstones and never been drilled: • Big Radon • KP and KP North • Leather
Slide 20: Angularli Fault Corridor
NABARLEK PROJECT Angularli Fault Corridor Strategically located south-east of Deep Yellow’s (ASX:DYL) Angularli Deposit (32.9Mlbs @ 1.09% U₃O₈). For personal use only Sandfire (shown) and Spitfire Prospects lie along the Angularli Fault Corridor. Highly prospective and underexplored area, with: • Pr
Slide 21: Murphy West Uranium Project
For personal use only Murphy West Uranium Project Northern Territory (earning-in)
Slide 22: Murphy West Project: An emerging uranium asset
MURPHY WEST PROJECT An emerging uranium asset Extensive airborne radiometric and For personal use only magnetic survey completed, identifying multiple large-scale uranium anomalies up to 2km in length. Surface geochemistry program now underway, targeting the most significant radiometric anomalies to
Slide 23: Murphy West Project: An emerging uranium asset
MURPHY WEST PROJECT An emerging uranium asset For personal use only Large undrilled soil and radiometric anomalies recognised in favourable structural positions at Murphy West Targets are untested by previous explorers despite favourable geological setting and scale. Similar pathfinder anomalies to
Slide 24: Kennedy Rare Earth Element Project
For personal use only Kennedy Rare Earth Element Project Queensland, 100%
Slide 25: Kennedy Project: Critical Rare Earths from surface
KENNEDY PROJECT Simple is best : Critical Rare Earths - starting from surface One of only a select few ionic clay projects defined in Australia. For personal use only Inferred Mineral Resource Estimate (MRE): 150Mt @ 1,000ppm TREO1 (470ppm TREO-CeO2) Shallow, easy to dig : Mineralisation occurs from
Slide 26: Exploration of Our Assets: 2026 Focus
Exploration of Our Assets 2026 Focus 2026 Drilling Programs at Nabarlek and Murphy West Projects to springboard off recent exploration activities Nabarlek Uranium Project For personal use only Big Radon and KP : Gravity surveys identify priority structures beneath extensive radon anomalies. Priority
Slide 27: References
References Nabarlek Project – Slide 13 (Body and Figure): Nuclear energy is a safe, scalable power source used globally – Slide 6: 1. McKay, A.D. & Miezitis, Y., 2001. Australia’s uranium resources, geology and development of deposits. AGSO- 1-2. IAEA - https://pris.iaea.org/pris/ Geoscience Austral
Slide 28: Contact Us
For personal use only Scan the QR code Contact Us Investor Relations to view or share a digital version Level 3, 1292 Hay Street Read Corporate of this presentation West Perth WA, 6005, Australia Nicholas Read +61 8 6186 9490 info@devexresources.com.au +61 8 9388 1474 nicholas@readcorporate.com.au i