Devonian Mine - Advanced Zinc Oxide Production Zinc is used to make tires and fertilizers, however, sources are drying up. Devonian has a good source of accessible zinc to mine. Watch the information inside this presentation.

1. ADVANCED ZINC OXIDE PRODUCTION

2. Devonian is developing an
advanced zinc, lead, and silver
deposit into the first zinc-
oxide direct producer in
Canada, with direct
production from mine to
consumer.
COMPANY
OVERVIEW

3. MARKET ANALYSIS
The global zinc oxide market is forecast to reach US$4184.5 million by 2020*. Major
applications of zinc oxide include:
RUBBER
Over 600,000 t of zinc oxide is used
per year to make over 3 billion tires.
FERTILIZER
The market for zinc in fertilizers is
expected to reach 400,000 t by 2020.
*Zinc Oxide Market by Application & by Region - Global Trends and Forecasts to 2020

4. MARKET OPPORTUNITY
The global appetite for zinc is increasing in part due to demand for safer, more efficient
batteries*. Annual installed energy storage is expected to grow from 6GW in 2017 to 40 GW
in 2022.
*NAATBatt forms Zinc Battery Committee with ZAF Energy Systems as Founding Member

5. MARKET TRENDS
The market gap for zinc will increase through 2020 as major mines are exhausted.
MINE CLOSURES
Brunswick, Century, and
Lisheen zinc mines have
permanently closed, with
others to follow by 2020.
PRODUCTION CUTS
16 Chinese smelters have
cut production by 20%.
PRICE INCREASE
Forecast zinc prices of
US$1.25 were exceeded in
2017.

6. WRIGLEY
The Devonian ore
deposit is located in
the Northwest
Territories of Canada.
WRIGLEY
ZINC
PROJECT

7. WRIGLEY
Airstrip
PROPERTY LOCATION
The Devonian site is 15km from the town of Wrigley, in a secure,
non-conflict jurisdiction.

8. BOURNE ZONE
12 NORTH ZONE
36 NORTH ZONE
Advanced exploration
(~$18m) has identified
three main ore zones
on the Wrigley project
site.
ORE ZONES

9. INFRASTRUCTURE
The Wrigley project site has exceptional access to existing structures and facilities:
ROAD
Mackenzie
highway upgrade
AIR
1066m lighted
airstrip
WATER
Barge transport at
Mackenzie River
RAIL
Railhead at
Hay River

10. CONTAINED METAL VALUE
Gross metal value of as of April 2018 is US$1.9 billion.
12,980,000 t
7,870,000 t
635,085 t
TOTAL ORE
OXIDE ORE
TOTAL METALS
Zn 475,000 t
Pb 160,000 t
Ag 85 t

11. PROJECT SCENARIOS
MINING
RESERVES
ZnO
PRODUCTION
MINING
CAPACITY
MINING
LIFETIME
5 Mt
BASIC SCENARIO
1000 tpd (open pit)
12 years
+20 kt/year
+10 Mt
~2000 tpd (open pit & underground)
+15 years
~35 kt/year
TARGET SCENARIO

12. COMPANY TIMELINE
Site acquired by
Aurora Inc.
2003
2009
Aurora renamed Devonian
Metal Inc.
Exploration permit issued
2007
First Nation relations
18 drill holes (2244m)
Geochemical sampling
Construct exploration camp
Geochemical sampling
2008
3 year joint venture with
Alapa Resources Inc.
43-101 Compliant Resource
Estimate
2010
2010
Construct filed camp
18 diamond drill holes
(4697m)
New ZnO purification
metallurgy
Update 43-101
2017
Energy study
19 diamond drill holes
(3593m)
Phase 1 metallurgy study
2011
2012
New geophysics and targets
Update 43-101
Phase 2 metallurgy study

13. Devonian Metals Inc.
info@devonianmetals.com
604-527-7996