DevEx Resources : Investor Presentation - February 2022

ersonal use only

HIGH-IMPACT EXPLORATION IN AUSTRALIA'S DISCOVERY HOTSPOTS

Bell Potter Unearthed Presentation

9 February 2022

ASX : DEV

Important Information

	Forward Looking Statements
	This Presentation contains forward-looking statements which are identified by words such as 'may', 'could', 'believes', 'estimates', 'targets', 'expects', or 'intends' and other similar words that involve risks and uncertainties.
	These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this Presentation, are considered
	reasonable. Such forward-looking statements are not a guarantee of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of
only
	the Company, the Directors and the management. The Directors cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this
	Presentation will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Directors have no intention to update or revise forward-looking statements, or to publish
	prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law or the ASX listing rules.

	No offer to sell or invitation to buy
	This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in DevEx Resources Limited, and no part of this Presentation forms the basis of any contract
	r commitment whatsoever with any person. DevEx Resources Limited does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction.
	Disclaimer
	Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, DevEx Resources Limited and its representatives:
		make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation;
		accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and
		accept no responsibility for any errors or omissions from this Presentation
	Competent Person Statement
	The information in this Presentation that relates to Exploration Results for the Sovereign Project are extracted from the ASX announcements titled "Further diamond drilling and initial assays confirm extensive, thick, and
	prospective intrusive sequence at Sovereign" released on 23rd December 2022, "Initial diamond drilling at Sovereign intersects thick intrusive sequence with disseminated nickel-copper sulphides" released on 10th November
	2021, "Diamond drilling underway at Sovereign Ni-Cu-PGE Project in the highly prospective Julimar Region, WA" released on 7th October 2021, "Large-scale, 12km long mafic-ultramafic intrusion at Sovereign Project, paving
	way for ground EM and initial diamond drilling" released on 17th August 2021, "Drilling confirms anomalous palladium, platinum and copper associated with a mafic-ultramafic intrusion at the Sovereign Project, WA" released on
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	27th April 2021 which is available on www.devexresources.com.au.
	The information in this Presentation that relates to Exploration Results for the Junee Project are extracted from the ASX announcements titled "Strong start to drilling at Junee Gold-Copper Project, NSW with broad alteration
	zones in first diamond hole" released on 3rd February 2022, "New results significantly upgrade Junee Porphyry Copper-Gold Project, NSW" released on 26th July 2021, "Encouraging gold-copper assays from maiden air-core
	drilling into large-scale target at Junee Project, NSW" released on 26th May 2021, "Extensive copper-gold soil anomaly strengthens potential for large-scale porphyry copper-gold system at Junee" released on 9th February 2021,
	"NSW Exploration Update - Basin Creek Gold Project and Junee Copper-Gold Project" release on 6th November 2020, "Geophysics upgrades priority drill targets at Junee Copper-Gold Project, NSW, as new drill programme
	commences" released on 3rd March 2020, and "DevEx Further Expands Potential of Junee Copper-Gold Project, NSW with Identification of Additional Porphyry Targets" released on the 5th March 2019 and "Porphyry Copper-
	Gold Targets Identified at Junee Project, Lachlan Fold Belt, NSW" released on the 24th January 2018, all of which are available on www.devexresources.com.au.
	The information in this Presentation that relates to Exploration Results for the Nabarlek Project are extracted from the ASX announcements titled "DevEx ramps-up exploration at Nabarlek Uranium Project, NT after identifying
	new high-grade targets" released on 29th September 2021, "Large drill target defined below Nabarlek Uranium Mine, West Arnhem Project, NT" released on 9th October 2018, "Technical review recognises strong similarities
	between U40 prospect and the Coronation Hill U-Au-PGE deposit" released on the 9th May 2019, "UEQ Identifies High Grade Copper-Gold and Base Metal Potential at NT Uranium Prospects" released on the 4th October 2017
	and "Higher Uranium Grades Returned from U40 Prospect - Nabarlek" released on the 16th December 2010, all of which are available on www.devexresources.com.au.
	The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant original market announcement.
	Exploration by Other Explorers
	This Presentation contains information sourced from the reports of Other Explorers. References to the original reports are provided as footnotes where the information is cited in this Presentation. The Company does not vouch
ersonal
	for the accuracy of these reports. The Company has taken the decision to include this information as it is in the public domain and has assessed it to be of relevance to shareholders and investors.	2

Exploring in Australia's

discovery hot-spots

Julimar Complex, WA

•	Key position in the emerging Julimar Complex - Chalice Mining's large palladium-nickel-copper
	discovery highlights the opportunity in the region
•	Sovereign Project - 12km long differentiated mafic-ultramafic intrusion identified, consistent with the
	upper portion of the Julimar mafic-ultramafic intrusion

onlyS vereign Project

useersonalPERTH

Nabarlek Project

North Cobar Project

SYDNEY

Junee & Basin Creek

Projects

•	Exploration gathering momentum with initial diamond drilling at Sovereign intersecting a thick mafic-
	ultramafic intrusive sequence with disseminated nickel-copper sulphides
•	Expanded ground EM survey underway and expected to continue for next few months

Lachlan Fold Belt, NSW

• Expansive exploration campaigns underway in a world-class copper-goldregion, with ground tightly held by major miners:

• Junee Project: Exploring a proven copper-gold belt, which hosts the world-classCadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd) deposits

Diamond, RC and in-fillair-core drilling underway

• Basin Creek Project: Large gold and copper system defined in central Lachlan Fold Belt region
• North Cobar Project: Exploration ground holding north of the Cobar Cu-Au Mining Centre

Alligator Rivers Uranium Province, NT

• Nabarlek Project - Exploring for high-grade uranium and copper-gold surrounding the historical Nabarlek Uranium Mine (24 Mlbs @ 1.84% U3O8 produced)
• Multiple uranium prospects surrounding the Nabarlek Uranium Mine identified within the Company's granted tenements

• Multi-pronged exploration programs commencing in Q2 2022

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Strong Foundations with Extensive Upside: Strongly Backed, Leveraged to Discovery Success

Capital Structure
only	314M
Shares
Options	14.65M
Market Cap	$138.2M (at 44c2)
Cash1	$12.9M
use	PhosEnergy Limited (5.4%):
Assets
	6.1M Shares (unlisted)
	https://www.phosenergy.com/
Board & Management
ersonal	Chairman
Tim Goyder
Brendan Bradley	Managing Director
Bryn Jones	Non Exec. Director
Richard Hacker	Non Exec. Director
Kym Verheyen	Company Secretary

1 Cu ent cash balance - 31st December 2021. Amounts and numbers have been rounded. 2 Closing price on 4th February 2022.

Major Shareholders

Tim Goyder (Chairman)	17.5%
Top 20	40.4%

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Led by an invested and highly motivated team…

Supported by an experienced technical team and board

• Industrial Chemist with extensive experience

	only
	Tim Goyder
	CHAIRMAN
	• Mining executive with a
	use
		strong track record of
		uccessful investment and
		value creation
	•	Chairman of Liontown
		Resources Ltd
	• Non Executive Director of
	ersonal
		Minerals 260 Ltd
	• Director of PhosEnergy Ltd
	•	Founding Chairman of
		Chalice Mining Ltd (retired
		November 2021)
	•	DevEx's largest
		shareholder (17.5%)

Brendan Bradley

MANAGING DIRECTOR

• Geologist for 25+ years
• Extensive experience in exploration and development of epithermal gold deposits
• Highly experienced in intrusive related nickel- copper-PGE deposits
• Senior management at Perilya Ltd, Dominion Mining Ltd and Kingsgate Consolidated Ltd

			in the uranium industry
		•	Experienced in the technical evaluation,
			construction and operation of projects in
			various commodities
	Bryn Jones	•	Managing Director of PhosEnergy Ltd, and
	NON-EXECUTIVE		Non-Executive Director of Boss Energy Ltd
		and Australian Rare Earths Ltd
	DIRECTOR
		• Chartered Accountant (ICAA) and Chartered
			Secretary
		• 20+ years corporate and commercial
			experience in the energy and resources
			sector
	Richard Hacker
	• Executive for Chalice Mining Ltd
	NON-EXECUTIVE
	DIRECTOR
		•	35+ years experience
		• Extensive experience in epithermal gold and
			porphyry copper-gold exploration and
			development in the Lachlan Fold Belt and
			abroad
	Chris Torrey	•	Former senior management with Golden Cross
	CHIEF GEOLOGIST		Resources Ltd, Silver City Minerals Ltd and
		Cyprus Minerals Corp
	NSW

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