ASX:DEV

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DevEx Resources Defines Exploration Pipeline at Northern Territory Uranium Project; Shares Jump 8%

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.

ASX:AGEASX:DEVASX:RIO

Asia48d ago

DevEx Resources Continues Field Mapping, Geochemical Sampling Programs at Northern Territory Uranium Project

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.

ASX:DEV