Devex Resources Ltd · ASX:DEV
Devex Resources — Uranium Equities — Investor Presentation (December 2009)
21 slides from Devex Resources's investor presentation, Dec 14, 2009
Slide 1: A Near Term Production Focus
A Near Term Production Focus Pre-Production Technology Development and Brownfields Exploration in World Class Districts Investor Update, December 2009
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, such sta
Slide 3: Key Assets
Key Assets Opportunities For Near Term Production. • The PhosEnergy Process: provides the opportunity to re-establish uranium from phosphates as a major production source globally. • Historic Nabarlek Uranium Mine: A rare Brownfields exploration opportunity. - past production 24 Mlbs @ 1.84% U3O8.
Slide 4: The PhosEnergy Process
Uranium Equities The PhosEnergy Process. The PhosEnergy Process
Slide 5: Uranium from Phosphates
Uranium from Phosphates Proven reliable source of uranium. Uranium Spot Price (US$/lb} US U3O8 Production from Phosphates (Mlb/a) • Over 5 million lb per annum produced globally in ’80’s. ¾ Production ceased in ‘90’s due to high operating cost and low uranium price. • Technological advances and util
Slide 6: 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 P
Slide 7: The PhosEnergy Process
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 new “bolt on process” to recover U3O8 as a by-product at existing p
Slide 8: The Current Position
The Current Position The Process confirmed to pilot plant scale. • Large scale pilot plant testwork completed, over US$5M invested. • International Patent applications filed. • UEQ partners with Cameco – One of the world’s largest uranium producers • Cameco funding ongoing development through tranch
Slide 9: 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 10: In Summary
In Summary Provides multiple options to near term production. • Large resources defined and waiting to be exploited. • PhosEnergy operating costs $25 - $30/lb. • Large annual production potential at the lower end of the cost curve. • No effective competition: competing historical process has high op
Slide 11: Brownfields exploration in world class mineral districts
Uranium Equities Brownfields exploration in world class mineral districts
Slide 12: Alligator Rivers Uranium Field
Alligator Rivers Uranium Field The place to find world class deposits. • Alligator Rivers: A world class Uranium province. • Jabiluka (360 Mlbs U3O8) • Ranger (194 Mlbs U3O8) • Nabarlek ( 24 Mlbs U3O8) • Koongarra ( 16 Mlbs U3O8) • Analogous to the Athabasca province with an order of magnitude less
Slide 13: 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. • Minim
Slide 14: Targets for immediate drilling
Targets for immediate drilling Structural targets along mineralised corridor. • Possible extensions to the Nabarlek mineralisation control structure remain untested beneath shallow sandstone cover to the north. • Additional parallel structures obscured by transported soil and laterite to the east. •
Slide 15: N147 Discovery
N147 Discovery Significant ore grade mineralization. • Significant intercepts: - 21.0m @ 0.374% U3O8 - 36.2m @ 0.172% eU3O8 - 14.5m @ 0.224% eU3O8 - 23.4m @ 0.138% eU3O8 • Open along strike in both directions. • Recent SAM survey shows apparent Nabarlek Mine Lease 1988 oblique dislocation through N1
Slide 16: Coopers Prospect
Coopers Prospect Large Geochemical anomaly – structural targets. • Significant geochemical anomaly associated with margins of distinct magnetic low. • Peak Value 1544ppm U3O8 (ASX announcement 17/9/2009) • Close proximity to the Nabarlek Mine and the N147 Discovery. Nabarlek Mine Lease 1988 • Struct
Slide 17: Regional Geochemistry
Regional Geochemistry Major Uranium system with ore grade mineralisation. • Significant ore grade mineralisation defined at N147 prospect. • Widespread uranium anomalism in shallow RAB drilling identifies targets for follow up drilling. • Extensive areas under cover remain to be tested. Nabarlek Min
Slide 18: Brownfields Opportunities
Brownfields Opportunities Near deposit exploration in large mineral systems. • Rudall Project: (UEQ 40% : Cameco 60%) Tenements adjoining Cameco’s Kintyre Uranium Deposit (70 Mlbs @ 0.38%) • Narraweena: (UEQ 100%) Tenements adjoin and cover extensions to the mineralised host to the Ben Lomond Uraniu
Slide 19: Greenfields Opportunities
Greenfields Opportunities Third party funded exploration for world class deposits. • Headwaters: (Vale earning 70% : UEQ 30%) Large under-explored tenement position in the Alligator River’s Uranium Field. Widespread uranium occurrences. • Lake Blanche: (Cameco earning 60% : UEQ 40%) exploring for ro
Slide 20: Our Partners
Our Partners Major industry partners investing in quality assets. Cameco Investment in PhosEnergy Mitsui Investment in the Nabarlek Project Cameco WALJV (UEQ 40%) Vale Headwaters JV (UEQ 30% to BFS) Cameco Rudall River JV (UEQ 40%) Nabarlek Mine Lease 1988 Cameco Lake Blanche JV (UEQ 40%)
Slide 21: ASX:UEQ A$0.18 ≈ A$38 million
ASX:UEQ Quality assets with near term production focus. 30 Day VWAP A$0.18 Market Capital ≈ A$38 million Cash at Bank ≈ A$11.1 million projected Dec ‘09 Shares on Issue 210 million Fully diluted 225 million Nabarlek Mine Lease 1988
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