DevEx Resources (ASX: $DEV) Quarterly Activities Report

DevEx Resources Limited (ASX: $DEV) has released its March 2024 Quarterly Activities Report, highlighting the imminent start of the 2024 field season with an extensive Reverse Circulation (RC) and diamond drilling (DD) programme at the Nabarlek Uranium Project in the Northern Territory. The company also announced additional high-grade uranium assays from the 2023 drill campaign, confirming previously reported uranium mineralisation on the East Zone of the U40 Fault. Furthermore, DevEx has secured additional highly prospective tenure adjacent to its Murphy West Uranium Project and has been awarded $175,000 for further metallurgical sampling at its Kennedy Rare Earth Element (REE) Project in Queensland.

Executive Commentary

The 2024 field season marks a significant step forward for DevEx Resources as we continue to progress our uranium and rare earth element projects. The high-grade uranium assays from the 2023 drill campaign and the commencement of an extensive RC and DD programme at the Nabarlek Uranium Project demonstrate our commitment to advancing our exploration activities. Additionally, the expansion of our tenure adjacent to the Murphy West Uranium Project and the award of $175,000 for further metallurgical sampling at the Kennedy REE Project underscore our dedication to unlocking the potential of these projects. We are optimistic about the opportunities that lie ahead and remain focused on delivering value to our shareholders and stakeholders.

Summary

DevEx Resources (ASX: $DEV) has made significant progress in its uranium and rare earth element projects, with the imminent start of the 2024 field season at the Nabarlek Uranium Project and the receipt of additional high-grade uranium assays from the 2023 drill campaign. The company's expansion of tenure adjacent to the Murphy West Uranium Project and the award of $175,000 for further metallurgical sampling at the Kennedy REE Project reflect its commitment to advancing exploration activities. With a cash balance of $19.9 million at the end of the quarter, DevEx is well-positioned to execute its corporate strategy and drive the projects forward. The company's focus on unlocking the potential of its projects and delivering value to its stakeholders bodes well for its future prospects.