Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Shareholder Meeting (November 2012)
19 slides from Devex Resources's shareholder meeting presentation, Nov 27, 2012
Slide 1: 2012 AGM Presentation
AGM Presentation – 27November 2012 2012 AGM Presentation 27 t h N ovember 2012
Slide 2: Disclaimer and Competent Person Statement
AGM Presentation – 27November 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
Slide 3: 2013 - Positioned For Growth
AGM Presentation – 27November 2012 2013 - Positioned For Growth • The PhosEnergy Process (UEQ 27% and Manager) • Demonstration Plant operated in 2012 – confirmed cost assumptions and scalability • PFS level Engineering Study to be completed Jan 2013 • Exploration Consolidation • Land swap with Camec
Slide 4: The PhosEnergy Process
AGM Presentation – 27November 2012 The PhosEnergy Process …..reviving uranium recovery from the phosphate fertiliser industry…… 4
Slide 5: Scale of the Opportunity
AGM Presentation – 27November 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 3.5 $140 Proven reliable uranium source 3.0 $120 • Multiple potential development 2.5 $100 opportunit
Slide 6: The PhosEnergy Process
AGM Presentation – 27November 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 U3O
Slide 7: UEQ's Share Funded
AGM Presentation – 27November 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$2M on hand June 2012) • Cameco can fund an additional US$4M to complete its earn-in to 73% of the te
Slide 8: Moving PhosEnergy into Production
AGM Presentation – 27November 2012 Moving PhosEnergy into Production 2012/2013 Development Plan • Demonstration Plant – Operated in the USA through August 2012 • Process successfully replicated • Confirmed high uranium recovery of over 90% • Supported operating cost assumptions • PFS level engineeri
Slide 9: Commercialisation Strategy 2013
AGM Presentation – 27November 2012 Commercialisation Strategy 2013 • 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 based on demons
Slide 10: Exploration
AGM Presentation – 27November 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 10
Slide 11: Nabarlek Project
AGM Presentation – 27November 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
Slide 12: WAJV – U40 Prospect
AGM Presentation – 27November 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 res
Slide 13: WAJV – U40 Prospect
AGM Presentation – 27November 2012 WAJV – U40 Prospect 2013 Drilling program. • Following up from 6%+ uranium found in the Quarry Fault Zone in 2010 • Additional targets on the Quarry Fault have been identified. • U40 East • U40 Southeast • U42 • Proposed Work Program: 4000m RC drilling on U40 East
Slide 14: Oodnadatta & Marla Projects
AGM Presentation – 27November 2012 Oodnadatta & Marla Projects • ~16,000 km2 of ELs & ELAs on the northern margin of the Gawler Craton (UEQ 100%) • Prospective for IOCGU deposits • Co-incident magnetic and gravity highs identified in Todmorden Target Area (Right) • $90,000 PACE 2020 co-funding grant
Slide 15: Rudall River JV
AGM Presentation – 27November 2012 Rudall River JV Brownfields exploration adjacent the Kintyre Deposit Project: Rudall River JV • UEQ Free Carried 15% • Cameco Earning to 85% Previous Exploration: • Excellent geochem database • Recent GA Airborne EM survey over Patterson's district • Adjacent the K
Slide 16: Strategic Investment in EMX
AGM Presentation – 27November 2012 Strategic Investment in EMX Strong Preliminary Resource – view to expansion • Energia Minerals (ASX:EMX) UEQ acquired 15% in EMX via placement; Subsequent to current rights UEQ to hold up to 21.1% of EMX expanded capital • Carley Bore Uranium Deposit: Current
Slide 17: Carnarvon Basin ISR District
AGM Presentation – 27November 2012 Carnarvon Basin ISR District Australia’s next ISR District • Carnarvon Basin • ISR amenable conditions • Relatively shallow – low capital intensity • Manyingee - Paladin Energy (ASX:PDN) • Resource*: 24Mlb @ 0.09% U3O8 • Additional Target*: 11Mlb @ 0.1% U3O8 • Prog
Slide 18: 2012/13 Strategy
AGM Presentation – 27November 2012 2012/13 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:
Slide 19: Capital Structure and People
AGM Presentation – 27November 2012 ASX:UEQ Capital Structure and People Capital Structure Board Shares 265M Tony Kiernan Chairman Fully Diluted 274M Bryn Jones Managing Director Market Cap @ 3.5c $9.3M Tim Goyder Non Exec Director Cash (30 Sep) $1.8M Tom Pool Non Exec Director ______________________
Uranium Equities — Shareholder Meeting (November 2012) on 6ix