Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — ARCI Congress July 2010
19 slides from Devex Resources's conference presentation, July 2010
Slide 1: Alligator Rivers Exploration and PhosEnergy Technology Development
Alligator Rivers Exploration and PhosEnergy Technology Development Presentation to ARCI Congress, July 2010
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, assumpti
Slide 3: Key Strengths
Key Strengths Unique growth opportunities . • Alligator Rivers Exploration: • Historic Nabarlek Uranium Mine: A rare Brownfields exploration opportunity. - past production 24 Mlbs @ 1.84% U3O8. • The PhosEnergy Process: provides the opportunity to re-establish uranium from phosphates as a major prod
Slide 4: Alligator Rivers Uranium Field
Alligator Rivers Uranium Field The place to find world class deposits. • Alligator Rivers: A world class Uranium province. • J bil k Jabiluka (360 Mlb Mlbs U3O8) • Ranger (194 Mlbs U3O8) • N b l k ( 24 Mlb Nabarlek Mlbs U3O8) • Koongarra ( 16 Mlbs U3O8) • Nabarlek Project: 520 km2 in the heart of th
Slide 5: A Rare "Brownfields" Exploration Opportunity
A Rare “Brownfields” Exploration Opportunity “In the shadow of the Headframe.” • Nabarlek Project - Extensive Land Position. - Nabarlek Mine Lease 100%. - West Arnhem Land Joint Venture (40% UEQ : 60% CAMECO). • Nabarlek Mine - Australia’s highest grade uranium mine (1.84% U3O8) closed 1988. • Targe
Slide 6: N147 Discovery
N147 Discovery Basement position to be tested. • Ore-grade intercepts (at 200ppm cut-off) in dolerite including: NARD6017 21.1m @ 0.39% U3O8* NAR6318 34.0m @ 0.13% U3O8* NAR6320 14.0m @ 0.17% U3O8* • Dolerite mineralisation remains open along strike in both directions. Above: N147 Basement Target Mo
Slide 7: Coopers Prospect
Coopers Prospect Large geochemical anomaly – structural targets. • Significant geochemical anomaly associated with margins of distinct magnetic low. low • Peak value 1m @ 1993ppm U3O8* in 2009 g geochem drilling • Close proximity to the Nabarlek Mine and the N147 Discovery. Above: Coopers ProspectNa
Slide 8: Regional Geochemistry
Regional Geochemistry Major Uranium system with ore grade mineralisation. • Significant ore grade mineralisation defined at N147 prospect. t • Widespread uranium anomalism in shallow geochem drilling identifies targets for follow up drilling drilling. • Further systematic geochem drilling g g throug
Slide 9: Headwaters Project
Headwaters Project Significant Landholding – Identified Anomalies. • Vale Australia earning 70% by free-carrying UEQ to BFS • Potential for Westmoreland style targets in the Northern portion of the Project • $100,000 co-funding under NT Governments ‘Bringing g g Forward Discovery’ program. • Drillin
Slide 10: Brownfields Opportunities
Brownfields Opportunities Near deposit exploration in large mineral systems. • Rudall Project: j ((UEQ 40% : Cameco 60%)) Tenements adjoining Cameco’s Kintyre Uranium Deposit (70 Mlbs @ 0.38%) • Narraweena: (UEQ 100%) Tenements adjoin and cover extensions t i to t the th mineralised i li d hhostt tt
Slide 11: Greenfields Opportunities
Greenfields Opportunities Strategic holdings in key districts. • Lake Blanche: (Cameco earning 60% : UEQ 40%) exploring for roll front uranium in a sedimentary di province i with i h analogies l i to the h world class Kazahkstan uranium fields. • Watson: (UEQ 51% : Intermet 49%) Anomalous uranium mi
Slide 12: The PhosEnergy Process
Uranium Equities The PhosEnergy Process. The PhosEnergy Process
Slide 13: Uranium from Phosphates
Uranium from Phosphates Proven reliable source of uranium. 4 160 3.5 140 Uranium Spot Price (US$/lb} US U3O8 Production from 3 120 Phosphates (Mlb/a) 2.5 100 2 80 1.5 60 1 40 0.5 20 0 0 1978 1988 1998 2008 • Over 5 million lb p per annum p produced g globally y in ’80’s. ¾ Production ceased in ‘90’s
Slide 14: 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 15: 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 16: The Current Position
The Current Position Technology developed and funding in place. • Several International Patent applications filed. • Partnered with Cameco – One of the world’s largest uranium producers ((Invested US$7.5M) p $ ) • Ongoing development through staged investment of up to US$16.5M. • Cameco to fund at l
Slide 17: The Steps to U3O8 Production
The Steps to U3O8 Production Potentially very short lead time. Timeline to present Conceptual Steps to U3O8 Production Concept UEQ Patents Cameco JV with Decision to Proceed with Development Invests Filed Invests Phosphate Producer ? 1st Commercial Facility? 2006 2007 2008 2009 Bench Scale Testing P
Slide 18: Our Partners
Our Partners Major industry partners investing in quality assets. Cameco Investment in PhosEnergy Mitsui Investment in the Nabarlek Project C Cameco WALJV (UEQ 40%) Vale Headwaters JV (UEQ 30% to BFS) Cameco Rudall River JV (UEQ 40%) Cameco Lake Blanche JV (UEQ 40%) Nabarlek Mine Lease 1988
Slide 19: Capital Structure and People
ASX:UEQ Capital Structure and People Capital Structure Board Shares 210M Tony Kiernan Chairman Fully Diluted 221M Bryn Jones Managing Director Market Cap @ 10c $21.0M Tim Goyder Non Exec Director Cash (30 June) $10.5M ________________________________________________________________ _________________