DevEx Resources completes successful drilling program at Nabarlek Uranium Project

DevEx Resources Limited (ASX:DEV) has successfully completed the Reverse Circulation (RC) and diamond drilling program at its 100%-owned Nabarlek Uranium Project in the heart of the Alligator Rivers Uranium Province (ARUP) in the Northern Territory, Australia. The extensive program, which commenced in May this year, comprised 124 RC and 12 diamond holes totaling 24,300m. The drilling tested multiple uranium prospects along the U40 Fault and the Nabarlek Fault Corridor, including the historical Nabarlek Uranium Mine, which is considered Australia's highest-grade uranium mine with past production of 24Mlbs @ 1.84% U3O8.

Executive Commentary

DevEx Resources Limited advises that the recent completion of the drilling program at the Nabarlek Uranium Project marks a significant milestone for the company. The additional uranium assays received from the diamond drilling campaign have demonstrated high-grade uranium mineralisation associated with fault zones, with some intercepts notably higher-grade than previously reported. The company is now focused on reviewing the results to understand the geological controls to the high-grade uranium mineralisation encountered in the drilling, particularly along the U40 and Nabarlek Fault Zones. This understanding will be crucial for planning the next stage of follow-up drilling and further exploration activities.

Summary

DevEx Resources Limited (ASX:DEV) has successfully completed the drilling program at its Nabarlek Uranium Project, with the additional uranium assays revealing high-grade mineralisation associated with fault zones. The company's focus now shifts to reviewing the results to understand the geological controls to the high-grade uranium mineralisation encountered in the drilling. DevEx holds an extensive tenement package in the Alligator Rivers Uranium Province, known for its world-class uranium deposits, and is in a unique position as one of the select few ASX-listed companies actively exploring for high-grade uranium mineralisation in the region. The company's ambitions include further exploration to delineate the scale and potential of the high-grade uranium mineralisation, with a focus on understanding the key structural and lithological controls for future drilling activities.