Exploration Access Agreement Renewed

Key points

• Exploration access agreement for ELs 24921 and 24922 renewed
• Part of the Tin Camp Creek tenements acquired from Alligator Energy
• Renewal secures DevEx's continued exploration access
• $1.75 million released from escrow to Alligator Energy

Full summary

DevEx Resources Limited (ASX: DEV) has announced the renewal of the exploration access agreement for exploration licences 24921 and 24922, part of the Tin Camp Creek tenements acquired from Alligator Energy Limited (ASX: AGE) on 26 June 2026. The renewal secures DevEx's continued access for exploration as long as the exploration licenses remain current. This agreement was the remaining condition attached to $1.75 million of the $7.5 million total acquisition price, which has been held in a third-party escrow account since completion. These funds will now be released to Alligator Energy in accordance with the sale agreement.

Outlook

DevEx looks forward to working with Traditional Owners as exploration advances at Tin Camp Creek.