Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Investor Presentation (July 2011)
22 slides from Devex Resources's investor presentation, July 2011
Slide 1: 20,000m of drilling – strong newsflow
• 20,000m 20 000m of drilling – strong newsflow • Focus on premier uranium districts – SA & NT • Exposure to potentially industry-changing technology
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, such sta
Slide 3: 2011 Company Highlights
2011 Company Highlights Advanced Exploration Projects: Exploration in Premier Uranium Districts & Industry Changing Technology. ¾ Nabarlek Project • U40 Prospect - 6.8m 6 8m @ 6 6.71% 71% U3O8 • Over 9000m of RC/DDH planned • Significant ground gravity survey ¾ Frome Basin • 4200m Rotary Mud Drillin
Slide 4: Alligator Rivers Exploration
Alligator Rivers Exploration The place to find world class deposits. • Alligator Rivers: A world class uranium province. • Nabarlek Mine: Closed in 1988. Mined 24.8Mlb U3O8 @ 1.84% with surface projection of 200m x 50m • Nabarlek Project: 477 km2 in the h t off the heart th Alligator Alli t RiRivers
Slide 5: WAJV - 2011
WAJV - 2011 Exceptional results in 2010 being followed up Project: West Arnhem JV • UEQ 40%:Cameco 60% (Cameco Managers) Quarryy Fault Zone 2011 Exploration Plan: • Geophysics p y and targeted g drilling over highly prospective Quarry Fault Zone • Drill testing extensions to known mineralisation at
Slide 6: WAJV – U40 Prospect
WAJV – U40 Prospect U40 and structural repetitions. • RC program in 2010 intersected high grade uranium. • Follow up diamond drilling returned (see ASX release 21/12/2010): NAD7492 NAD7492 6.8m @ 6.71 % U3O8 from 75m 7.3m @ 1.68 % Cu from 74.5m 4.5m @ 0.91 ppm Au from 76.5m 1.5m @ 0.54 ppm Pd & 0.24
Slide 7: WAJV Coopers Prospect
WAJV Coopers Prospect Extensions to known mineralisation. • Planned 2011 drilling to test extensions of known mineralisation to the NAR7374 southwest • Significant geochemical anomaly associated with NAR7386 margins g of distinct magnetic g low. • 2010 RC drilling intersected ore grade mineralisatio
Slide 8: 2011 Nabarlek ML – 100% UEQ
2011 Nabarlek ML – 100% UEQ Drilling in the shadow of the Headframe. • Broad spaced geochemical drilling in 2010 produced several targets • 2011 field program to focus on the Boomerang Corridor north of the Nabarlek Pit • 5000m RC drilling planned beginning g g in July y • Targets are unconformity r
Slide 9: Headwaters Project
Headwaters Project Funded exploration with identified anomalies Project: Headwaters JV • Vale Earning 70% (UEQ Managers) 2010 Exploration: • Airborne geophysics highlighted potential extension of Coronation Hill high-strain corridor containing distinct radiometric anomalies 2011 Planned Exploration
Slide 10: Frome Basin Project
Frome Basin Project Prime location in Australia’s ISL district. Project: ojec Frome o e Basin as • West Lake Frome JV (UEQ Earning 80%) • UEQ 100% Tenements Model: • Targeting sandstone hosted, structurally controlled tabular and Roll-Front uranium deposits • Analogous geology to Beverley 21,000 t U
Slide 11: Frome Basin Structural Model
Frome Basin Structural Model Untested positions analogous to Four Mile. • Importance of structure: critical in ground selection • Over 100km of strike along highly prospective structural corridor. • Presence of multiple permeable sand units bound by confining shales & clays • Sparse historical explo
Slide 12: 2011 Lake Blanche JV
2011 Lake Blanche JV Large scale regional drilling program Project: j Lake Blanche JV • Cameco Earning 51% (Cameco Managers) Previous Exploration: • 2009 Drilling identified anomalous uranium in 2 holes and redox front • 2010 Ground EM survey highlighted potential broad palaeochannel drainage 2011 P
Slide 13: Rudall River JV
Rudall River JV Brownfields exploration adjacent the Kintyre Deposit Project: Rudall River JV • UEQ 40%: Cameco 60% p Previous Exploration: • Excellent geochem database • Recent GA Airborne EM survey over Patterson's district • Adjacent the Kintyre deposit purchased by Cameco/Mitsubishi for US$495 m
Slide 14: Planning for 2011
Planning for 2011 Drilling Programs – Q3/Q4 2011 Nabarlek Mine Lease 1988
Slide 15: The PhosEnergy Process
Uranium Equities The PhosEnergy Process. The PhosEnergy Process
Slide 16: Scale of the Opportunity
Scale of the Opportunity More than $1 billion in potential revenue per annum. • Worldwide 100Mt phosphate processed annually. ¾ ~20 million lb of contained U3O8 • 15 - 18% of world’s annual U3O8 production currently going unrecovered. • Multiple potential development opportunities globally. • Major
Slide 17: Historical Uranium from Phosphates
Historical Uranium from Phosphates Proven reliable source of uranium. Uranium Spot Price (US$/lb) US U3O8 Production from Phosphates (Mlb/a) • Over 5 million lb per annum produced globally in ’80’s. ¾ Production ceased in ‘90’s due to high operating cost and low uranium price. • Technological advanc
Slide 18: The PhosEnergy Process
The PhosEnergy Process The change required to rejuvenate an industry. • Developed p byy UEQ in p partnership p with: • Australian Nuclear Science and Technology Organisation (ANSTO). • A major US based phosphate producer. • PhosEnergy is a “bolt on process” to recover U3O8 as a by-product at existin
Slide 19: The Current Position
The Current Position Technology developed and funding in place. • Several International Patent applications filed. • Partnered with Cameco – One of the h world’s ld’ llargest uranium i producers (Invested US$12.5M of which ~US$5M is on hand) • Ongoing development through staged investment of up to U
Slide 20: PhosEnergy – 2011 Activities
PhosEnergy – 2011 Activities Continued advancement towards commercialisation • Construction of a modular demonstration facility in Australia completed – aim to deploy H2 2011; • Pre-Feasibility Study planned to commence H2 2011; • Further technical refinement ongoing aiming to further improve operat
Slide 21: Summary
Summary Multiple opportunities for significant growth. Short Term Focus (3 – 6 months) • Frome Basin Exploration targeting structural position analogous to Beverley and Four Mile Deposits • Alligator Rivers exploration – West Arnhem JV and Nabarlek Mineral Lease. • Lake Blanche Exploration (Cameco (
Slide 22: Capital Structure and People
ASX:UEQ Capital Structure and People Capital Structure Board Shares 210M Tony Kiernan Chairman Fully Diluted 224M Bryn Jones Managing Director Market Cap @ 8c $16 2M $16.2M Tim Goyder Non Exec Director Cash (31 Mar) $6.5M Tom Pool Non Exec Director ___________________________________________________