Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Paydirt's 2009 Uranium Conference
19 slides from Devex Resources's conference presentation, Mar 16, 2009
Slide 1: Upgrading opportunity… in the Uranium sector
Upgrading opportunity… in the Uranium sector Mark S Chalmers Managing Director PAYDIRT’S 2009 URANIUM CONFERENCE Adelaide 16th March 2009
Slide 2: Disclaimer
Disclaimer This document is confidential and is being distributed to a limited number of potential investors and shall not be construed as an advertisement or public offering of the securities referred to herein. This presentation does not constitute an offer to sell these securities and it is not s
Slide 3: Talk Highlights
Talk Highlights ¾ PhosEnergy – developing technology to recover uranium from phosphoric acid streams ¾ Outstanding exploration ground in the Alligator Rivers Region of the Northern Territory ¾ Several Joint Ventures/Strategic/Relationships with world leading companies ¾Cameco (2 JVs) ¾Vale (1 JV - N
Slide 4: Capital Structure
CAPITAL STRUCTURE ASX Code : UEQ Top Investors (31 Dec 2008) % ASXlisted Code : UEQ Directors, employees and related 19 listed parties Market ≈ A$14.0 million Corporate stakeholders 18 Capital ≈ A$13.5 million Market (Laramide/Resolute) Capital Private stakeholders 12 Cash at ≈ A$9.7 million Cash Ba
Slide 5: The PhosEnergy Process: robust innovative extraction process
THE PHOSENERGY PROCESS An initiative to “Revolutionize the Phosphate/Uranium Business” ► A new technology to extract U3O8 in the superphosphate process Successfully piloted on a ► producers site Preliminary economics look highly favourable. ... robust innovative extraction process Slide 5
Slide 6: The PhosEnergy Process: path to access a large, dormant uranium resource
THE PHOSENERGY PROCESS ► Phosphates have been a major source of U3O8 • Historical production in the USA for many years. Worldwide up to 5.2 MLbs/a. (graph on right USA production only) • Production ceased in 1990’s on high operating costs and falling uranium price ... the path to access a large, dor
Slide 7: The PhosEnergy Process
THE PHOSENERGY PROCESS ► US Based Production Potential • Uranium from Phosphates could double US production by 2015 • Strategic energy supplies for US • Low sovereign risk • Several mines and plants up and operating ► World Production • Opportunity for worldwide (current) production of 19Mlb/a • App
Slide 8: The PhosEnergy Process: status and results
THE PHOSENERGY PROCESS Status ► • Pilot Plant completed the potential • Patent Application filed to tap stranded • Plans for 2009 o Demonstration Plant worldwide o PFS production estimated • Decision to proceed H2 2010 at 19 Mlb pa ► Results to date • Encouraging Pilot Plant results • Achieves high
Slide 9: Exploration – Key Projects
Exploration – Key Projects Nabarlek Mine Lease West Arnhem Joint Venture Headwaters Project the asset quality to build substantial shareholder value
Slide 10: Alligator Rivers Projects
Alligator Rivers Projects Ground Position 5,850km2 Nabarlek Mine Lease ► A world class uranium province: West Arnhem JV ► Jabiluka (360 Mlbs U3O8 ) ► Ranger (194 Mlbs U3O8 ) ► Koongarra ( 16 Mlbs U3O8 ) ► Nabarlek ( 24 Mlbs U3O8 ) Headwaters Project ► Exploration success at Ranger in the “3 Deeps” a
Slide 11: New Vale JV Announced Last Week
New VALE JV Announced Last Week ¾ Agreement reached with Vale to earn 70% through sole funding to a BFS on the Headwaters Project (formerly Mt. Evelyn – name change as per TO request). Vale to earn up to 80% if UEQ elects to not participate in the BFS. ¾ Minimum commitment of $1M in first two years
Slide 12: Nabarlek Mine Lease
Nabarlek Mine Lease ► Nabarlek discovered 1970, produced between 1979-1988. Australia's highest grade uranium deposit. ► 24mlbs from 570,000t @ 1.84% U3O8 100% UEQ ownership ► Plus 40% interest in ground surrounding ML with Cameco ... a renewed focus with new targets
Slide 13: Nabarlek Mine Lease
Nabarlek Mine Lease Early exploration focussed on delineating ► the Nabarlek Orebody No exploration between 1973 -1981, Drilling ► initiated 1983 -1984. 10 year hiatus until AFMEX (1994) drilled ► around the margins of the mining lease. No further exploration has been carried out ► until UEQ’s 2008
Slide 14: New Targets
New Targets Nabarlek Deeps 1 (Ranger-style Nabarlek Shear extensions) 4 3 3 Displaced shear 2 basement targets 1&2 1&2 3 Dolerite-hosted targets Classic unconformity- 4 related targets ... a renewed focus with new targets
Slide 15: Nabarlek Deeps
Nabarlek Deeps ► Structural control of mineralisation Rather than traditional “unconformity” targets ►Ranger 3 Deeps ►30,000t-40,000t of contained U3O8 beneath existing pit 250m-500m from surface ► Nabarlek Deeps ►Structural controlled mineralisation underneath dolerite Nabarlek Deeps Targets ... a
Slide 16: West Arnhem Joint Venture
West Arnhem Joint Venture ► N147 Prospect ►High grade U mineralisation extended 55m to the west. ►Best intersection 36.2m @ 0.172% eU3O8 from 108.2 m SMLB Prospect: Best intersection 15.4m @ 0.045% eU3O8 from 94.1 m. ► Mine Lease: Best intersection 9.5m @ 699ppm U3O8 from 68.5m (inc. 1.3m @ ► 0.254p
Slide 17: Headwaters Project
Headwaters Project ► Vale Exploration Pty Ltd to sole fund $1M within 2 years to earn 70% ► Analogous geological environment that host uranium mineralisation present at Westmoreland ► Significant uranium, gold and PGE mineralisation within the near surface sandstones and volcanics ►10 prospects iden
Slide 18: Lake Blanche Joint Venture
Lake Blanche Joint Venture ► Cameco minimum commitment of $500,000 with ability to earn 60% by spending $4.5M. ► Sandstone-hosted, roll-front targets analogous to the major Kazakhstan Uranium Fields. ► Target criteria established & land access negotiated. ...potential to repeat the Kazakhstan story
Slide 19: Closing
Closing ¾ PhosEnergy – “patent pending” technology to recover uranium from phosphoric acid streams with medium term cash flow potential ¾ High potential for further world class discovery in Australia ¾ Several Joint Ventures/Strategic/Relationships with world leading companies ¾ Cameco, Vale and Sig