DevEx Resources : Presentation - RRS Conference October 2021

GAINING MOMENTUM - EXPLORING IN AUSTRALIA'S DISCOVERY HOTSPOTS

RRS-Miningnews.net Conference

14 October 2021

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 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 or 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 "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 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 "NSW Projects - Exploration Update" released on 21st September 2021, "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 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.

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Exploring in Australia's

discovery hot-spots

Nabarlek Project

Sovereign Project

North Cobar Project

PERTH	SYDNEY

Junee & Basin Creek

Projects

Julimar Complex, WA

• Strong strategic position in the emerging Julimar Complex - Chalice Mining's high- grade palladium-nickel discovery highlights the opportunity
• Sovereign Project - 12km long differentiated mafic-ultramafic intrusion identified, consistent with upper portion of Julimar mafic-ultramafic intrusion
• Exploration gathering momentum with expanded ground EM survey and stratigraphic diamond drilling now underway

Lachlan Fold Belt, NSW

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

• Junee Project: Advancing exploration in proven copper-gold belt, host to Cadia-Ridgeway (Newcrest Mining) and Northparkes (China Molybdenum Co Ltd)

RC / Diamond and in-fillair-core drilling scheduled for late October

• 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	3

Strong Foundations with Extensive Upside: High-impact exploration in proven mineral regions

Capital Structure

Shares	308M
Options	17.3M
Market Cap	$86.2M (at 28c2)
Cash1	$16.6M
Assets	PhosEnergy Limited (5.3%):
	6.1M Shares (unlisted)
	https://www.phosenergy.com/

Board & Management

Tim Goyder	Chairman
Brendan Bradley	Managing Director
Bryn Jones	Non Exec. Director
Richard Hacker	Non Exec. Director
Kym Verheyen	Company Secretary

Major Shareholders

Tim Goyder (Chairman)	17.3%
Top 20	41%

1 Current cash balance - 30 June 2021. Amounts and numbers have been rounded.

2 Closing price on 8th October 2021.

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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

Tim Goyder

CHAIRMAN

• Mining executive with a strong track record of successful investment and value creation
• Chairman of Chalice Mining Ltd and Liontown Resources Ltd
• Non Executive Director of Minerals 260 Ltd
• Director of PhosEnergy Ltd
• DevEx's largest shareholder (17.3%)

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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