DevEx Resources (DEV) investor relations material

Leadership and strategic direction

• New managing director with extensive mining and energy transition experience appointed in December 2025.

• Recent strategy reset in February has focused the business exclusively on uranium.

• Management and board have a strong track record of shareholder value creation.

• Dynamic team includes new board members with uranium discovery expertise.

• Independent advisor with significant Northern Territory uranium experience supports exploration.

Exploration and asset development

• Multi-year, highly prospective pipeline of uranium targets established in the Northern Territory.

• Drilling has commenced at key targets, including areas near Deep Yellow's Angularli deposit and the former Nabarlek mine.

• Recent land acquisitions and agreements with traditional owners enable expanded exploration.

• Advanced data science and hyperspectral analysis are used for target definition.

• Caramal region and Orion East are new focus areas with high surface uranium grades.

Financial position and asset recycling

• Well-financed with AUD 27 million in cash at the end of last quarter.

• Holds positions in non-core assets, including Lachlan Star and Kennedy rare earth deposit, to be recycled for uranium growth.

• Top 20 shareholders own 60% of stock, with 30% institutional ownership.

• Supported by strong research coverage and capital market backing.