DevEx Resources (DEV) Noosa Mining Conference 2026 summary

Strategic Focus, Market Context, and Industry Trends

• Shifted strategy in early 2024 to focus exclusively on uranium, driven by energy transition, supply deficit themes, and surging uranium prices.

• Sees nuclear as a green baseload solution, with AI-driven energy demand expected to reach 945 TWh by 2030.

• Thirty-three countries have pledged to triple nuclear capacity by 2050, and the World Bank lifted its nuclear financing ban in 2025.

• Australia signed a uranium export deal with India in July 2026, further supporting market expansion.

• Holds a significant land position in Australia's Northern Territory, an area with no uranium mining moratorium and strong regulatory and community support.

Exploration, Assets, and Operational Plans

• Completed the Alligator acquisition, consolidating land and data for a multi-year pipeline of highly prospective uranium targets.

• Nabarlek Project consolidated as a basin-scale opportunity, centered on Australia’s highest-grade uranium mine.

• Multiple drill-ready targets identified, including Sandfire, Big Radon, and KP, with 15,000m of RC and diamond drilling underway.

• Employs advanced targeting techniques, including airborne hyperspectral surveys and ground geophysics, to refine targets and increase drill success probability.

• Field activities in the Caramal region confirm high-grade uranium in fault breccias, with drill applications submitted.

Growth Strategy, M&A, and Stakeholder Engagement

• Aspires to produce over 10 million pounds of uranium per year through multiple assets, targeting a growing supply shortfall post-2033.

• Growth to be achieved through exploration, disciplined M&A, and partnerships with key stakeholders.

• M&A approach focuses on scale, grade, simplicity, and value generation, with multiple acquisition options being pursued in tier 1 jurisdictions.

• Institutional investors hold about 30% of shares, with the top 20 shareholders owning 60%.

• Emphasizes enduring, trusted relationships with local communities and stakeholders, supporting Indigenous employment and efficient work programs.