Devex Resources Ltd · ASX:DEV
Devex Resources — Investor Presentation (June 2020)
23 slides from Devex Resources's investor presentation, June 2020
Slide 1: Positioned for Discovery in Australia's Exploration Hot-Spots
POSITIONED FOR DISCOVERY IN AUSTRALIA’S EXPLORATION HOT-SPOTS Investor Presentation JUNE 2020 ASX : DEV
Slide 2: Important Information
Important Information ❑ 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 statements are not guar
Slide 3: Highly prospective ground in Australia's exploration hot-spots
Lachlan Fold Belt, NSW (100% owned) Highly prospective • New wave of explorers hunting for the next Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd), sparking significant interest in the region. ground in Australia’s • DevEx has built a large +600km2 ground holding. explora
Slide 4: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Shares 190.4M Tim Goyder (Chairman) 24% Fully diluted 205.3M Top 20 48% Options 14.9M Market Cap $21.9M (at 12c) Cash* $2.8M Assets PhosEnergy Limited (8.8%): 5.1M Shares Board & Management Tim Goyder Chairman Brendan Bradley Managing Director
Slide 5: Led by a proven team
Led by a proven team – Supported by an experienced invested and highly motivated technical team and board • 35+ years experience. • Extensive experience in epithermal gold and porphyry copper-gold exploration and development in the Lachlan Fold Belt and abroad. Chris Torrey • Former senior managemen
Slide 6: Lachlan Fold Belt Gold, Copper-Gold Projects
Lachlan Fold Belt Gold, Copper-Gold Projects NEW SOUTH WALES SYDNEY Basin Creek & Junee Projects Large scale gold and copper-gold potential, tightly held by major miners Rapidly advancing drill targets
Slide 7: Lachlan Fold Belt Region: sizeable portfolio amongst mining majors
Lachlan Fold Belt Region: DevEx has built a sizeable portfolio amongst mining majors 1 A world-class gold, copper-gold Belt Host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd) as well as several largescale gold deposits including Cowal Gold Mine (Evolution Mining Ltd)
Slide 8: Basin Creek Project: Gold system defined over +4km strike length
Basin Creek Project: Gold system defined over +4km strike length • Current exploration activities focused on Main Ridge Gold Prospect, within the Basin Creek Project. • Extensive gold system defined at surface over +4km strike with recent rock chips up to 8.0g/t gold. • Close association of gold wit
Slide 9: Main Ridge (North) Prospect: Defining high priority drill targets
Main Ridge (North) Prospect: Defining high priority drill targets • Significant cluster of >1g/t gold in rock chips over several hundred metres in northern Main Ridge Prospect. • Anomalous gold in rock chips with a close association with other pathfinder metals including lead and molybdenum (Mo). •
Slide 10: Junee Copper-Gold Project: 60Km NE of Basin Creek Project, NSW
Junee Copper-Gold Project: 60Km NE of Basin Creek Project, NSW SYDNEY Basin Creek & Junee Projects Major explorers within the Junee-Narromine Volcanic Belt Newmont Goldcorp Exploration Pty Ltd | Freeport-McMoran Exploration Australia Pty Ltd | Evolution Mining Ltd | Sandfire Resources NL | St Barbar
Slide 11: Junee Project: Underexplored with no exploration drilling for +25 years
Junee Project: Underexplored with no exploration drilling for +25 years • 2017: Re-rating with Government mapping identifying porphyry monzonite intrusions contemporaneous with the Cu-Au bearing Northparkes and Cadia Ridgeway porphyry intrusions. • +20km of prospective strike. • 2020: DevEx’s maiden
Slide 12: Junee Project: Exploration ramps up in 2020
Junee Project: Exploration ramps up in 2020 1 Riversdale North Prospect • 2019 assays and mapping identified oxidised copper associated with epidote veins and alteration, including a gold + base metal gossan assaying 2.81g/t Au, 0.4% Cu and 1.3% Pb. Billabong Creek • 2020 a new, chargeability Induce
Slide 13: Geophysics upgrades priority targets
1 Riversdale North Prospect • Coincident IP chargeability anomaly near surface Riversdale North and directly beneath surface occurrences of IP Chargeability scattered oxidised copper and gold mineralisation amongst porphyry type alteration. 2 Billabong Creek Prospect Billabong Creek • 800m long IP c
Slide 14: Julimar Complex Applications
Julimar Complex Applications WESTERN AUSTRALIA PERTH Julimar Applications Developing a strategic position within a new exploration hot spot Targeting magmatic palladium-nickel-copper deposits
Slide 15: Julimar Complex: New ground in a new nickel-copper-PGE region
Julimar Complex: New ground in a new nickel-copper-PGE region • Recent high-grade palladium and associated nickel- copper-platinum group elements (Ni-Cu-PGE) discovery by Chalice Gold Mines Limited (ASX:CHN) has kicked off an exploration boom in the region. • DevEx has secured a strategic +620km2 po
Slide 16: Sovereign Project: Field exploration begins in June 2020
Sovereign Project : Field exploration begins in June 2020 • New Earn-In-Agreement secures the Sovereign magnetic anomaly, which extends over both the ASQ Tenement and DevEx’s neighbouring Application. • The Sovereign Project is located between the Chalice discovery and Yarawindah Brook Ni-Cu-PGE Pro
Slide 17: 2020+ Forward Plan
2020+ Forward Plan... Junee Copper-Gold Project • Following the highly encouraging IP survey results, planning is underway for Reverse Circulation and Diamond Drilling at Riverside North, Nangus Road and Billabong Creek Prospects • Indicative drill programme of 6 holes to test targets Basin Creek Go
Slide 18: Next Steps: Planned timeline to drill
Next Steps: Planned timeline to drill 2020 Jun Jul Aug Sept Oct Nov Dec 2021 Julimar Complex, WA • Review of previous bauxite drilling • Field mapping and surface geochemistry on western side of Sovereign Project • Ground geophysics (magnetics and electromagnetics) • Prioritsation of targets within
Slide 19: Contact Details
Contact Details Level 2, 1292 Hay Street West Perth WA 6005, Australia +61 8 9322 3990 +61 8 9322 5800 [email protected] www.devexresources.com.au https://twitter.com/DevExResources https://www.linkedin.com/company/devex-resources/ Investor Relations Read Corporate Nicholas Read +61 8 9388
Slide 20: Appendix: Other Projects
Appendix Other Projects 20
Slide 21: West Arnhem Nabarlek Uranium, Copper-Gold Project
West Arnhem Nabarlek Uranium, Copper-Gold Project NORTHERN TERRITORY High-grade uranium-copper-gold opportunity in a proven Uranium system One of few ASX companies drilling for high-grade uranium
Slide 22: Exploring in Australia's high grade uranium province
Exploring in Australia’s high grade uranium province The Alligator Rivers Uranium Province (ARUP) • +500 Million Pounds U O endowment (mined and current Resources) 3 8 • Comparable to the Athabasca Basin, Saskatchewan (+1.2Blb U3O8) • Significant potential exists for Gold-PGE Copper deposits DevEx’s
Slide 23: Additional References
Additional References Basin Creek & Junee Projects – Slide 7 and 10: 1: Alkane Resource Ltd ASX Announcement 9th September 2019. 2: Sky Metals Ltd ASX Announcement 10th February 2020. 3: GSNSW East Riverina Mapping Project - Some Highlights and Implications, Eastlake and Trigg. Julimar Complex - Sli