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

MT Newswires Live12:06

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.

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