DevEx Advances Uranium Exploration at Nabarlek
Key points
- Uranium intersected at Nabarlek North
- Hyperspectral survey identifies new targets
- Progressing tenement applications with Traditional Owners
Full summary
DevEx Resources Ltd. has made significant progress in its exploration campaign at the Nabarlek Uranium Project in the Northern Territory. Initial results from a hyperspectral survey have identified several kilometre-scale areas of illite alteration within the sandstones overlying the north-westerly projection of the Nabarlek Fault Corridor, highlighting potential for follow-up field mapping and sampling. Drilling at Nabarlek North intersected uranium mineralization, including 2.3m @ 920ppm uranium equivalent (eU3O8) and 1.7m @ 1,116ppm eU3O8. Additionally, DevEx is advancing its tenement applications with the Northern Land Council and Traditional Owners, having completed anthropological surveys over the Mustang and Junction tenement applications, a key step towards Land Access Agreements.
Outlook
DevEx remains well funded to undertake planned exploration activities and is well positioned to deliver a systematic, multi-year discovery program.
Summary generated by a large language model. Please interpret with care.