DevEx Resources (DEV) investor relations material

Market outlook and uranium strategy

• Uranium demand is rising due to AI, data centers, and geopolitical instability, making nuclear energy a strategic priority for governments worldwide.

• Policy momentum is accelerating for nuclear, with governments backing new build programs and fuel security.

• Strategic stockpiling and long-term contracting are driving higher uranium prices and widening supply deficits through 2040.

Growth strategy and project pipeline

• Focused on building a high-quality uranium portfolio through exploration, disciplined M&A, and stakeholder partnerships.

• Targeting giant, high-grade unconformity-type uranium deposits in the Northern Territory, aiming for discoveries similar to Jabiluka.

• Nabarlek and Murphy West projects are central, with extensive drilling and geophysical surveys planned for 2026.

• Five priority targets identified at Murphy West, with preparations underway for drilling.

Project advancement and exploration highlights

• Nabarlek Project consolidates a world-class uranium province, with historical production of 24Mlbs at 1.84% U3O8.

• Multiple drill-ready targets identified around Nabarlek, including Sandfire, Big Radon, KP, and Nabarlek North.

• Caramal region exploration is underway, with historical drilling confirming high-grade uranium and new permits being sought.

• Murphy West Project has large-scale uranium anomalies, with soil geochemistry and radiometrics supporting drill targets.