News
DevEx Resources (ASX: DEV) is a diversified exploration company which has established a high-quality portfolio of projects in some of Australia’s premier mineral provinces, with a strong focus on critical and future-facing minerals required for the global energy transition.
Backed by prominent Australian mining entrepreneur Tim Goyder, who Chairs DevEx and is also its major shareholder with a 17 per cent cornerstone holding, the Company has active exploration programs currently underway at its Nabarlek Uranium Project in the NT and the Kennedy Ionic REE Project in Queensland.
At Nabarlek, DevEx holds a dominant 4,700km2 tenement package in the Alligator Rivers Uranium Province – a region known for its world-class, high-grade uranium deposits, with over 500 million pounds of uranium in mined and current resources. DevEx is one of the few uranium explorers on the ASX currently targeting high-grade uranium adjacent to a historic producing mine.
The Company has also recently made a significant rare earths (REE) discovery at its 100%-owned Kennedy Project in Queensland. Recent metallurgical testwork has confirmed that the mineralisation identified in recent drilling comprises an extensive zone of ionic adsorption clay REE mineralisation, starting from surface.
Ionic clay REE deposits are emerging as a credible source of highly sought-after REE globally, especially those used in the energy transition sector. Early work at Kennedy suggests that DevEx’s deposit has favourable metallurgical characteristics with leach test work demonstrating rapid recoveries with very low acid consumption and significant scale. Drilling is continuing.
DevEx was also an early mover in the Julimar Province in Western Australia and has established a significant land-position in the world-class Lachlan Fold Belt in NSW.
KEY PEOPLE
RELATED STOCKHEAD STORIES
Mining
High Voltage: Switch to EVs happening ‘en masse’ as they get cheaper, faster
News
10 at 10: These ASX stocks are receiving the warmest reception from investors this morning
Mining
High Voltage: Australia’s Energy Minister won’t drive an EV unless it’s tougher than his Ford Everest
Mining
The ASX readies for a new copper play as Askari opens $6m Lachlan Fold IPO
Mining
Resources Top 5: Could this be WA’s next major gold discovery?
Mining
There’s metal inside your neighbour’s car more valuable than gold #justsayin
Mining
Gold facing strong headwinds from rising US bond yields and crypto price
Mining
Palladium supply is drying up. These Aussie stocks could open the floodgates
News
Experts give us their top stock picks for 2021
News
10 at 10: These ASX stocks have made something special this morning
News
10 at 10: These ASX stocks are looking pristine this morning
News
Rise & Shine: What you need to know before the ASX opens
Mining
Palladium prices will hit all-time highs in 2021. Here are the ASX stocks to watch
Mining
Gold price edges closer to $US2,000/oz on weaker US dollar, election uncertainty
Mining
Here’s why Western Australia is the place to be for nickel
Mining
Barry FitzGerald: Will DevEx deliver a trifecta for Tim Goyder?
Tech