Devex Resources Ltd · ASX:DEV

Devex Resources — Uranium Equities — Byron Capital Markets Electric Metals Conference 2012

18 slides from Devex Resources's conference presentation, April 2012

1. Slide 1: Investor Update – Electric Metals Conference

   INVESTOR UPDATE – APRIL 2012 APRIL 2012 B yron C apital Markets Electric Metals Conference

2. Slide 2: Disclaimer and Competent Person Statement

   INVESTOR UPDATE – APRIL 2012 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 rea

3. Slide 3: The PhosEnergy Process

   INVESTOR UPDATE – APRIL 2012 The PhosEnergy Process …..reviving uranium recovery from the phosphate fertilizer industry……

4. Slide 4: Historical Uranium from Phosphates

   INVESTOR UPDATE – APRIL 2012 Historical Uranium from Phosphates Proven reliable source of uranium. 3.5 $140 Uranium Spot Price (US$/lb) 3.0 $120 US U3O8 Production from Phosphates (Mlb/a) 2.5 $100 2.0 $80 1.5 $60 1.0 $40 0.5 $20 0.0 $0 1978 1988 1998 2008 • Proven long term source of uranium  hundr

5. Slide 5: Scale of the Opportunity

   INVESTOR UPDATE – APRIL 2012 Scale of the Opportunity More than $1 billion in potential revenue per annum. • Worldwide >140Mt phosphate processed annually.  ~20 million lb of contained U3O8 • Multiple potential development opportunities globally. • Major Phosphate Production:  Group OCP (Morocco)

6. Slide 6: The PhosEnergy Process

   INVESTOR UPDATE – APRIL 2012 The PhosEnergy Process The change required to rejuvenate an industry. • Developed by UEQ in partnership 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

7. Slide 7: UEQ's Share Funded

   INVESTOR UPDATE – APRIL 2012 UEQ’s Share Funded Technology developed and funding in place. • Partnered with Cameco – One of the world’s largest uranium producers (Invested US$12.5M of which ~US$4M is on hand) • Cameco can fund an additional US$4M to complete its earn-in to 73% of the technology • UE

8. Slide 8: Moving PhosEnergy into Production

   INVESTOR UPDATE – APRIL 2012 Moving PhosEnergy into Production 2012 Development Plan • Demonstration Plant – commissioning in the USA • Operation expected to begin in May 2012 • Several operational campaigns over the coming months • Planned PFS level Engineering Study to run in parallel with Demonst

9. Slide 9: Moving PhosEnergy into Production: Demonstration Plant

   INVESTOR UPDATE – APRIL 2012 Moving PhosEnergy into Production Demonstration Plant • Plant Objectives  Optimization of target operating conditions  Generate inputs for engineering studies and cost estimates • Plant Design Objectives  Entirely housed within shipping containers for rapid deployment

10. Slide 10: Commercialization Strategy 2012

    INVESTOR UPDATE – APRIL 2012 Commercialization Strategy 2012 • USA Focus Near term production visibility  Existing regulatory framework and precedent – shorter lead time  ~ 6Mlb/a of recoverable uranium  Existing synergies with Cameco operations in the USA • Commercial model providing:  Commerci

11. Slide 11: Exploration

    INVESTOR UPDATE – APRIL 2012 Exploration Australia’s Premier Uranium Districts. Near mine exploration and externally funded Greenfields exploration in world class uranium provinces with enviable partners… Nabarlek Mine Lease 1988

12. Slide 12: Nabarlek Project

    INVESTOR UPDATE – APRIL 2012 Nabarlek Project 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 heart of the Alligator Rivers

13. Slide 13: WAJV – U40 Prospect

    INVESTOR UPDATE – APRIL 2012 WAJV – U40 Prospect U40 and structural repetitions. • 2010 diamond drilling returned (see ASX release 21/12/2010): Pitchblende NAD7492 blebs in NAD7492 6.8m @ 6.71 % U3O8 from 75m core 7.3m @ 1.68 % Cu from 74.5m 4.5m @ 0.91 ppm Au from 76.5m • 2011 Exploration results:

14. Slide 14: Frome Basin Project

    INVESTOR UPDATE – APRIL 2012 Frome Basin Project Prime location in Australia’s ISL district. Combination of JV and 100% UEQ tenure • Targeting sandstone hosted tabular and Roll-Front uranium deposits • Analogous geology to Beverley (21,000 t U3O8) Four Mile (~30,000 t U3O8) Both of which lie approxi

15. Slide 15: Oodnadatta & Marla Projects

    INVESTOR UPDATE – APRIL 2012 Oodnadatta & Marla Projects • ~14,000 km2 of ELs on the northern margin of the Gawler Craton (UEQ 100%) • Prospective for IOCGU and Kazakhstan-style sandstone hosted uranium deposits • Co-incident magnetic and gravity highs identified in Todmorden Target Area • $40,000 P

16. Slide 16: Rudall River JV

    INVESTOR UPDATE – APRIL 2012 Rudall River JV Brownfields exploration adjacent the Kintyre Deposit Project: Rudall River JV • UEQ 40%: Cameco 60% Previous Exploration: • Excellent geochem database • Recent GA Airborne EM survey over Patterson's district • Adjacent the Kintyre deposit purchased by Cam

17. Slide 17: 2012 Strategy

    INVESTOR UPDATE – APRIL 2012 2012 Strategy High Impact Exploration and PhosEnergy Commercialisation PhosEnergy:  Progress the Technology through Demonstration and PFS level Engineering Study;  Seek additional pipeline projects to utilise Demonstration Plant asset. Exploration:  focus on: • Target

18. Slide 18: Capital Structure and People

    INVESTOR UPDATE – APRIL 2012 ASX:UEQ Capital Structure and People Capital Structure Board Shares 252M Tony Kiernan Chairman Fully Diluted 264M Bryn Jones Managing Director Market Cap @ 4.3c $10.8M Tim Goyder Non Exec Director Cash (31 Dec) $3.3M Tom Pool Non Exec Director ___________________________

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