Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Investor Presentation (May 2017)
26 slides from Devex Resources's investor presentation, May 2017
Slide 1: New targets, new opportunities in a world-class uranium province
Corporate Presentation Investor Presentation – May 2017 ASX: UEQ New targets, new opportunities in a world-class uranium province Exploring the Alligator Rivers Uranium Province in the Northern Territory
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s 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 s
Slide 3: The UEQ Overview
Corporate Presentation The UEQ Overview Ideally positioned to capitalise on the renaissance of investor interest in uranium • High-quality Australian uranium explorer with strong asset base and accomplished technical team • Extensive and highly prospective +5,000km2 exploration portfolio in world-cl
Slide 4: The Right Time…
Corporate Presentation The Right Time… After a lengthy bear market, uranium prices appear to have turned the corner • Now is an opportune time to reinvigorate exploration activities as investor interest returns to the uranium sector • Recent U3O8 price turnaround follows years in the doldrums • More
Slide 5: Alligator Rivers Uranium Province (ARUP)
Corporate Presentation Alligator Rivers Uranium Province (ARUP) A new chapter of exploration at the Nabarlek Project >500Mlb U3O8 endowment with >30 years of uranium production (ground tightly held) Highly prospective (MacArthur sedimentary basin) – comparable to the Athabasca Basin, Saskatchewa
Slide 6: A Global Analagoue: Athabasca Basin Uranium Province
Corporate Presentation A Global Analagoue: Athabasca Basin Uranium Province Geological similarities to Athabasca demonstrate huge potential of ARUP • Both Athabasca and ARUP represent first significant deposition of unconformity-style uranium deposits in large-scale continental sedimentary basins fo
Slide 7: Significant upside from exploration success
Corporate Presentation Significant upside from exploration success Nexgen Energy……a case study for uranium exploration success! Nexgen Energy (TSX: NXE) recent high grade discovery (“Arrow”) – mkt cap +C$1.0 billion Arrow is now the largest undeveloped deposit in Athabasca Basin* 201.9Mlbs con
Slide 8: UEQ – Extensive landholding in ARUP
Corporate Presentation UEQ – Extensive landholding in ARUP Historical uranium mine and numerous uranium occurrences UEQ holds total of >5,000km2 in granted tenements and EL applications over ARUP: • Nabarlek Mining Lease MLN 962 (UEQ Nabarlek Mine 100%); contains the historic Nabarlek 24Mlbs @ 1.8
Slide 9: Nabarlek Uranium Project – Targeting High Grades
Corporate Presentation Nabarlek Uranium Project – Targeting High Grades Historic uranium mine and numerous uranium occurrences Uranium deposit models based on existing mines and occurrences in the region Favourable geological settings include: Basal unconformity of the Kombolgie Nabarlek Mine
Slide 10: The Nabarlek Project – 2016 Field Activities
Corporate Presentation The Nabarlek Project – 2016 Field Activities Exploration Targets • New technical review undertaken in early 2016 across the project • Review highlighted targets from integrated approach using geology-geophysics- geochemical datasets • Identified prospective areas with comparat
Slide 11: Ground Gravity Surveys – 2016
Corporate Presentation Ground Gravity Surveys – 2016 Exploration Targets Gpx surveys (gravity, magnetics, EM) are driving recent exploration successes in ARUP and Athabasca basins by refining areas for targeted exploration follow-up Ground gravity effective in defining basement structural trends
Slide 12: New Exploration Target – Namarrkon
Corporate Presentation New Exploration Target – Namarrkon Namarrkon radon-in-soil anomaly • Alpha-track radon gas surveys used routinely in uranium exploration – Nuclear track detectors measure radon (Rn) which is a radioactive element (gas) in the radioactive decay series of uranium-238 • New struc
Slide 13: GC-11 Prospect
Corporate Presentation GC-11 Prospect Ground gravity survey showing 1VD bouger gravity image Significant definition of structural trends and gravity lows across the survey area Target areas shown (2-10) defined as gravity lows and intersecting fault structures (combination of gravity and EM)
Slide 14: GC-11 Prospect
Corporate Presentation GC-11 Prospect 2015 drill testing Target generated from application of new alteration model: • Drill holes NAR 7535, 7537 intersected uranium mineralisation over +30m downhole widths in haematite-altered Oenpelli Dolerite • Drill hole NAR 7534 intersected a unique alteration
Slide 15: Nabarlek Offset Target
Corporate Presentation Nabarlek Offset Target Testing for fault offset of the historical Nabarlek uranium deposit • Chlorite alteration signature in NAD083 >1% U3O8 high-grade 2015 Drill sections shells; truncated by dolerite supports lithogeochemistry Cahill Formation • Reflects alteration related
Slide 16: Nabarlek Offset Target
Corporate Presentation Nabarlek Offset Target Drill testing Nabarlek Two 150m-spaced sections drilled normal to interpreted strike of Nabarlek structure projected below Oenpelli Dolerite No significant uranium but: o Drilling intersected intense-moderate zones of silica-sericite +/- illite-carbo
Slide 17: Nabarlek Offset Target
Corporate Presentation Nabarlek Offset Target Drill testing Nabarlek Alteration style and pathfinder geochemistry support Nabarlek Offset model with potential to locate other U deposits beneath the Oenpelli Dolerite Priority target = 2.1km strike length of untested strike length of Nabarlek stru
Slide 18: Regional Targeting
Corporate Presentation Regional Targeting Significant regional potential on UEQ tenements Dr Jon Hronsky engaged to undertake a mineral systems targeting study over the ARUP This approach seeks to identify basin- wide regional controls on mineralisation and prioritises areas for focused explorat
Slide 19: Regional Targeting
Corporate Presentation Regional Targeting Regional Targets on UEQ ELA’s Radiometric image (same area as previous figure) highlighting airborne radiometric anomalies Additional significant radiometric anomaly NE of Nabarlek on EL application Other EL application adjacent to Angularli uranium de
Slide 20: Next Steps
Corporate Presentation Next Steps 2017 Work Program RC drill test Namarrkon radon-in-soil anomaly (1,500m RC), GC-11 target (1,000m) Aircore drilling of target areas- QFZ, East QFZ, West QFZ, GC-1 Progress other priority tenement applications through to grant within the broader ARUP Integrat
Slide 21: Plateado Cobalt Project, Chile
Corporate Presentation Plateado Cobalt Project, Chile The first step towards diversifying energy metals exposure Binding agreement to earn-in to an 80% interest Contains a historical mine reported to have produced high-grade cobalt Recent sampling of historical workings has returned grades of
Slide 22: Rudall River Project, Western Australia
Corporate Presentation Rudall River Project, Western Australia Tenure adjacent to Kintyre (U) and Maroochydore (Cu) 100% interest in 3 EL’s (172km2) located in the Rudall River region of the Paterson orogen Paterson orogen hosts significant deposits including Kintyre (U) and Maroochydore (Cu)
Slide 23: ANNEXURES
Corporate Presentation ANNEXURES 23
Slide 24: U3O8 – the Underlying Story
Corporate Presentation U3O8 – the Underlying Story Forecast worldwide reactor numbers rising and uranium supply falling Reactor numbers driven by China – a sunny day in Beijing Cameco - “As annual supply adjusts and utilities’ uncovered requirements grow, the pounds available in the spot market won’
Slide 25: Corporate Snapshot
Corporate Presentation Corporate Snapshot Highly leveraged to exploration success Capital Structure Board & Management Shares 653M Tim Goyder Chairman Fully diluted 668M Bryn Jones Non Exec. Director Market Cap ~$5M (at 0.9c) Brendan Bradley Managing Director Cash $0.4M (at 31 Mar 17) Dr Kevin Frost
Slide 26: Questions.
Corporate Presentation Investor Presentation – May 2017 ASX: UEQ Questions.