5 stories mentioning ASX:DEVUpdated 10d ago
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DevEx Resources (ASX:DEV) began a reverse circulation and diamond drilling campaign at its Nabarlek uranium project, located in the Northern Territory, according to a Tuesday Australian bourse filing.The campaign includes around 15,000 meters across 66 drill holes, and initial drilling will focus on priority targets.
DevEx Resources (ASX:DEV) secured AU$150,000 in grant funding from the Northern Territory government for a new airborne hyperspectral survey across its Nabarlek uranium project, due to start in August, according to a Tuesday filing with the Australian bourse.On-site preparations have started for the upcoming drilling campaign at the project, with the first drill rig expected to arrive in the second week of July, per the filing.The company said its acquisition of Alligator Energy's (ASX:AGE) tenements in the Northern Territory remains on track for completion this month as conditions precedent to the deal were satisfied.
Alligator Energy (ASX:AGE) confirmed that all conditions precedent under the agreement for the sale of its non-core Northern Territory uranium assets to DevEx Resources (ASX:DEV) were satisfied, with completion of the deal expected to occur by the end of June, according to a Monday Australian bourse filing.The transaction carries a total consideration of AU$7.5 million.
DevEx Resources (ASX:DEV) defined a pipeline of uranium discovery opportunities across its Nabarlek uranium project in the Northern Territory, with drill-ready targets defined at the Big Radon, KP, Sandfire, and Nabarlek North prospects, according to a Wednesday Australian bourse filing.It incorporated recently acquired tenements from Alligator Energy (ASX:AGE) and Rio Tinto (ASX:RIO), and integrated geophysical, geological, and drilling datasets across its expanded portfolio.Drilling at Nabarlek is scheduled to start in June, comprising an initial campaign of around 15,000 meters across 66 holes, as well as an additional 2,000 meters at Murphy West. The mining firm has secured sufficient diesel supply to support the planned campaign.Its shares rose 8% in recent trading on Wednesday.
DevEx Resources (ASX:DEV) said ongoing field mapping and surface geochemical sampling programs across the expanded Nabarlek tenement package in the Northern Territory helped refine its understanding of uranium-bearing structures and associated pathfinder geochemistry, according to a Tuesday Australian bourse filing.It plans to conduct a drilling campaign at the project starting in the June quarter. DevEx is also preparing drill permit applications for lodgement with the Northern Territory regulator to cover target areas at the Murphy West project.It continues to progress the acquisition of Alligator Energy's uranium tenement package, with completion expected during the current quarter.
