DEVEX Resources Ltd June 2026 Quarterly Activities Report
Key points
- Nabarlek Project: Four drill-ready targets identified with high-grade uranium potential
- Acquisition of Alligator Energy's tenement package completed
- NT Government grant funding awarded to support hyperspectral survey
- DevEx included in Sprott Junior Uranium Miners ETF
- Cash balance of $27.2 million supports ongoing exploration activities
Full summary
In its June 2026 Quarterly Activities Report, DevEx Resources Ltd announced several key developments. The company identified four drill-ready targets at its Nabarlek Project with high-grade uranium potential, including Big Radon, KP, Sandfire, and Nabarlek North. DevEx completed the acquisition of Alligator Energy's tenement package, expanding its land position in the Alligator Rivers Uranium Province. Additionally, the company was awarded $150,000 in NT Government grant funding to support a hyperspectral survey across the Nabarlek Project. DevEx was also included in the Sprott Junior Uranium Miners ETF. The company's cash balance stood at $27.2 million, providing sufficient funding for exploration activities.
Guidance
DevEx Resources Ltd has a cash balance of $27.2 million to support exploration activities.
Outlook
DevEx Resources Ltd is optimistic about its exploration prospects, particularly in the Nabarlek Project, with several drill-ready targets and expanded land holdings.
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