Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Paydirt Conference 2008
19 slides from Devex Resources's conference presentation, Mar 17, 2008
Slide 1: ASX Company Announcement: Company Presentation
17 March 2008 Australian Stock Exchange Company Announcements Office Dear Sir/Madam Company Presentation Mark Chalmers, Managing Director of Uranium Equities will make the following presentation at the Paydirt Conference in Adelaide today. A copy of the presentation will also be available on the Com
Slide 2: Creating Value on Solid Fundamentals
Presentation Creating Value on Solid Fundamentals Paydirt Conference 17 March 2008 ABN 74 009 799 553 Level 6, 50 Grenfell Street Adelaide, South Australia Ph: +61 (0)8 8110 0700 www.uel.com.au
Slide 3: Important Notice
Important Notice This document is confidential and is being distributed to a limited number of potential investors and shall not be construed as an advertisement or public offering of the securities referred to herein. This presentation does not constitute an offer to sell these securities and it is
Slide 4: Company Overview
Company Overview • World class exploration portfolio, including brownfields opportunities in the Northern Territory adjacent to former and current highgrade, low cost producers • Uranium extraction technology from “phosphates” under development with a major phosphate producer and former uranium prod
Slide 5: Capital Structure
Capital Structure ASX Listed: Code ‘UEQ’ Market Capital: ~AU$21M Cash at Bank : ~AU$17.0M (February 2008) Shares on Issue: 189,410,801 Fully Diluted: 215,645,801 Top Investors (1 January 2008) % Corporate stakeholders (Laramide/Resolute) 21.5 Directors, Employees & related parties 18.2 Private stake
Slide 6: Uranium Projects Location
Uranium Projects Location QLD 51,240km2 SA 17% West Arnhem JV NT 68% WA Mt Evelyn Cosmo White Cliffs Nichols Hazlett Cliffs Lake Wells Injinu Hills Mt James Simpson (NT) Moorarie Lake Blanche (SA) Three Rivers Boolardy Lake Barlee Cocata Three Springs Mt Wedge Mt Marmion Watsons Menangina Rudall Riv
Slide 7: Exploration Focus
Exploration Focus • High quality uranium deposits located in pro-uranium States in Australia • 6,355km2 Landholding in the Alligator Rivers Province host to World Class Ranger and Jabiluka Uranium Deposits. 1,003km2 surrounding the Nabarlek Mining Lease in JV with Cameco. • Brownfield exploration ar
Slide 8: Alligator Rivers Uranium Province
Alligator Rivers Uranium Province Resource Deposits ‘M lbs’ Jabiluka 360 Ranger 194 Koongarra 16 Coronation Hill ~20 Nabarlek (MO) 24
Slide 9: Alligator Rivers Uranium Province c.f. Athabasca Basin, Canada
Alligator Rivers Uranium Province c.f. Athabasca Basin, Canada Criteria Athabasca Alligator Rivers Uranium Province Field Size 85,000 km2 22,500 km2 Endowment 653,000 t (1,400MM lbs) U3O8 453,000 t (950MM lbs) U3O8 Av Grade 1.97% U3O8 0.44% U3O8 Ore Model Fluid flow – Unconformity Associated; Flui
Slide 10: West Arnhem JV
WEST ARNHEM JV UEQ 40% :Cameco 60% 27m @ 0.07% U308 Structural Structural Structural Corridor 2 Corridor 3 Corridor 4 Structural Corridor 1 Uranium Prospects along key structures NABARLEK ult Fa Na bo b Ga 20km of untested 3km of highly anomalous arl ek Nabarlek Shear drillhole Au, PGE & U Sh geoche
Slide 11: Other Prospects
OTHER PROSPECTS – Stevens Future Drill Target Area
Slide 12: Alligator Rivers Uranium Province: Mt Evelyn
Alligator Rivers Uranium Province MT EVELYN (100% UEQ) Unconformity- Related & Coronation Hill-style genetic models Numerous untested airborne radiometric anomalies (Casper, Banshee, Stretch, Writer, Spectre, Wisp, Spirit, Waif) Casper-Banshee rock chips 0.29%U3O8 ; 236.5g/t Au ; 57.6g/t Pd+Pt Phant
Slide 13: Eromanga Basin Projects
EROMAGA BASIN PROJECTS SIMPSON & LAKE BLANCHE (100% UEQ) 8,644km2
Slide 14: Eromanga Basin Projects: Roll-Front Uranium Model
EROMAGA BASIN PROJECTS TARGET: Large scale roll fronts Close and distant proximity to source rocks ROLL- FRONT URANIUM MODEL NEAR & DISTAL SOURCE MESOZOIC TARGET SANDS TERTIARY TARGET SANDS METRES EROMANGA BASIN U Roll Fronts Reduced zones 0 U -500 PROTEROZOIC BASEMENT Arunta Block (NT), Mt Painter
Slide 15: Watson Project - South Australia
Watson Project - South Australia Drill Samples 70ppm U3O8 (80% UEQ: INTERMET 20%) Groundwater 602ppb U3O8 •U-rich source rocks, neighbouring Gawler Craton. •Water drilling in 2006 reported anomalous uranium in drillhole and water samples 70km Strike Length •New high-resolution TEMPEST EM of Palaeoch
Slide 16: Narraweena Project, Queensland
Narraweena Project, Queensland (100% UEQ) Newly discovered airborne radiometric anomalies - Areas 2, 3 & 4
Slide 17: Uranium Extraction - Phosphates
Uranium Extraction - Phosphates •Technology Development Agreement with a significant phosphoric acid producer (former uranium producer) – August 2007. First phases successfully completed early 2008. • Preparing to entering into Phase 2 (piloting stage) with cost estimated to be US$2.5 million. This
Slide 18: Summary
Summary • Second largest ground position, after Cameco, in the highly prospective Alligator Rivers Uranium Province. • Encouraging drill results from first program. Prospect N147. • 20 Kilometres of strike length along the Nabarlek Shear zone. Many targets like N147, SMLB and others • Drill programs
Slide 19: Thank you
a URANIUM EQ 1es Thank you