DevEx Resources (DEV) AGM 2024 Presentation summary

Leadership and capital structure

• Led by an experienced board with deep mining, finance, and exploration expertise, including a chairman with a strong track record in value creation and a managing director with significant commodities finance experience.

• Supported by a skilled technical team and robust corporate management, with major shareholders holding over 50% of shares.

• Well-funded with $11.2M in cash and a market cap of $46.8M as of November 2024.

Exploration portfolio and strategy

• Focused on uranium and rare earths, with projects in Australia's premier mining regions, including the McArthur Basin and North Queensland.

• Strategy aims to replicate the success of Canada’s Athabasca Basin by leveraging underexplored, high-potential ground in the McArthur Basin.

• Actively exploring over 4,700km² at Nabarlek and ~10,000km² at Murphy West, targeting large-scale, high-grade uranium deposits.

Project highlights

• Nabarlek Project: Brownfield exploration around Australia’s highest-grade uranium mine, with historical production of 24Mlbs at 1.84% U₃O₈ and multiple recent high-grade intercepts.

• Murphy West Project: Province-scale uranium exploration with three earn-in agreements, recent airborne surveys, and multiple large untested anomalies.

• Kennedy Project: Maiden inferred resource of 150Mt at 1,000ppm TREO, shallow and easily accessible ionic clay rare earths, with strong metallurgy and government support.