Devex Resources Ltd · ASX:DEV
Devex Resources — Shareholder Meeting (November 2020)
21 slides from Devex Resources's shareholder meeting presentation, Nov 25, 2020
Slide 1: Annual General Meeting Presentation
POSITIONED FOR DISCOVERY IN AUSTRALIA’S EXPLORATION HOT-SPOTS Annual General Meeting Presentation 25 November 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: Exploring in Australia's discovery hot-spots
Julimar Complex, WA (Earn-In and 100% applications) Exploring in Australia’s • New high-grade palladium-nickel discovery by Chalice Gold Mines demonstrates enormous potential for the region. discovery hot-spots • Exploration underway at Sovereign Ni-Cu-PGE Project - new results supporting potential
Slide 4: Led by an invested and highly motivated team
Led by an invested and highly Supported by an experienced motivated team… technical team and board • Industrial Chemist with extensive experience in the uranium industry. • Experienced in the technical evaluation, construction and operation of projects in various commodities. Bryn Jones • Technical
Slide 5: Corporate Overview: Well funded for discovery success
Corporate Overview: Well funded for discovery success Capital Structure Major Shareholders Shares 246M Tim Goyder (Chairman) 22% Options 15.5M Top 20 45% Market Cap $70.1M (at 28.5c) Cash1 $5.8M Assets PhosEnergy Limited (8.8%): 5.1M Shares Board & Management Tim Goyder Chairman Brendan Bradley Mana
Slide 6: Julimar Complex Nickel-Copper-PGE
Julimar Complex Nickel-Copper-PGE WESTERN AUSTRALIA PERTH Sovereign Project & Julimar Applications Developing a strategic position within a new exploration hot spot Targeting magmatic palladium-nickel-copper deposits
Slide 7: 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. • Sovereign Project is located between the
Slide 8: Sovereign Project: Multiple late-time conductors identified, up to 1km long
Sovereign Project : Multiple “late-time” conductors identified, up to 1km long Step 1: Identify Conductors • Airborne electromagnetic (AEM) survey completed across both DevEx’s 100%-owned application and Earn-In. • Preliminary data defining Multiple AEM conductors up to 1km long– the Kingsley, Macke
Slide 9: Sovereign Project: Support for Julimar Mafic-Ultramafic Rocks
Sovereign Nickel-Copper-PGE Project : Support for Julimar Mafic-Ultramafic Rocks • Sovereign Project is covered by extensive laterite (bauxite) development masking underlying rocks. • New ground gravity survey and recent laterite geochemistry supports potential for underlying mafic and ultramafic in
Slide 10: NSW Gold, Copper-Gold Portfolio
NSW Gold, Copper-Gold Portfolio Wilga Downs Project Basin Creek Project Junee Project Wilga Downs Project SYDNEY Basin Creek & Large scale gold and copper-gold potential, tightly held by major miners Junee Projects Drilling campaign underway
Slide 11: Cobar Gold-Base Metal Projects: DevEx strengthens NSW portfolio
Cobar Gold-Base Metal Projects: DevEx further strengthens NSW portfolio New discovery opportunities within the highly prospective Cobar mining region: 1. Wilga Downs Gold-Base Metal Project • Earn-In Agreement with Thomson Resources Ltd (TMZ), to earn 80% on granted Exploration Licence. • Drilling t
Slide 12: Wilga Downs Project: Drilling to commence late November
Wilga Downs Project: Drilling to commence late November • Strong coincident magnetic and gravity high identified beneath historical anomalous copper, lead and zinc intercepts. • Magnetic/Gravity highs located on the prospective fault contact between Cobar Supergroup and Girilambone Group. • Priority
Slide 13: Wilga Downs Project: Maiden drilling to test highly prospective target
Wilga Downs Project: Maiden drilling to test highly prospective target • Magnetic/Gravity anomaly located on the prospective contact between Cobar Supergroup and Girilambone Group. • Historical drilling above main magnetic/gravity highs has intersected anomalous Lead, Zinc and Copper. • New Frontier
Slide 14: 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 15: Basin Creek Project: +3.5km gold system defined at Main Ridge Prospect
Basin Creek Project: +3.5km gold system defined at Main Ridge Prospect • Large-scale, continuous system of gold-in-soil anomalies, +3.5km in length at the Main Ridge Prospect. • 14 reconnaissance RC/Diamond drill holes completed – first pass exploration to test large gold system. • Broad spaced dril
Slide 16: Junee Project: Underexplored with no prior drilling for +25 years
Junee Project: Underexplored with no prior exploration drilling for +25 years • 2017: Re-rating with Government mapping identifying porphyry monzonite intrusion (Cu-Au bearing Cooba Monzonite) contemporaneous with the Cu-Au bearing Northparkes and Cadia Ridgeway porphyry intrusions2. • +20km of pros
Slide 17: Junee Project: RC/Diamond drilling
Junee Project: RC/Diamond drilling Nangus Road: • Preliminary geological observations for diamond drilling indicate the 2km magnetic anomaly is associated with intrusive monzonite with porphyry copper-gold style alteration similar to the Ordovician Cu-Au Cooba Monzonite to the north. Billabong Creek
Slide 18: Next Steps: Planned timeline to drill
Next Steps: Planned timeline to drill 2020 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 Sovereign Project, Julimar Complex, WA • Field mapping, review of previous bauxite drilling and surface geochemistry • Ground gravity and Airborne electromagnetic survey • Ground EM • Granting of Sovereign Applicati
Slide 19: 2020+ Forward Plan
2020+ Forward Plan... Sovereign Nickel-Copper-PGE Project • AEM survey has identified strong “late-time” conductors up to 1km long. • Follow-up ground-based EM geophysics to define conductors to commence late-November 2020. • Objective to generate and drill targets in coming months. • Progress Appli
Slide 20: Additional References
Additional References Julimar Complex & Sovereign Project - Slide 7: 1. Chalice Gold Mines Limited (ASX:CHN) ASX announcement “High-Grade Ni-Cu-Pd Sulphide Intersected at Julimar” on 23rd March 2020 and “High-grade Ni-Cu-PGEs confirmed in discovery zone at Julimar” on 25th May 2020. 2. Cassini Resou
Slide 21: Contact Details
Contact Details Level 3, 1292 Hay Street West Perth WA 6005, Australia +61 8 6186 9490 +61 8 6186 9495 [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
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