DevEx Resources Ltd strengthens strategic exploration pipeline

DevEx Resources Limited (ASX: $DEV) has completed two earn-in agreements with Trek Metals Ltd (ASX: $TKM) to further expand its strategic exploration pipeline across Australia. The agreements cover tenement applications adjacent to the Company's Murphy West Uranium Project in the Northern Territory and granted tenements at the Jimblebar Base Metal Project in Western Australia.

DevEx Managing Director's Comments on Expansion

DevEx Managing Director, Brendan Bradley, expressed, 'DevEx has now completed its targeted consolidation at Murphy West Uranium Project following these agreements with Trek. Targeting near-surface uranium mineralisation, our planned extensive and detailed airborne radiometric and magnetic survey will be flown over the majority of the project area this month. This will give us a much-anticipated high-quality dataset over the southern margin of this poorly explored uranium province. Likewise in partnership with Trek at Jimblebar, we have the opportunity to complete a first-mover SQUID Electromagnetic survey over areas identified to have significant base metal potential. The successful conclusion of these two earn-in agreements with Trek is highly complementary to the strength and optionality within DevEx's Australian exploration portfolio and is consistent with our focus on achieving first-mover status in highly prospective terranes with the potential to yield company-changing discoveries.'

Summary of DevEx's Expansion and Outlook

DevEx Resources Limited (ASX: $DEV) has expanded its strategic exploration pipeline through earn-in agreements with Trek Metals Ltd, consolidating its footprint at the Murphy West Uranium Project and securing tenements at the Jimblebar Base Metal Project. The expansion strengthens DevEx's position in uranium and base metal exploration, with a focus on achieving first-mover status in highly prospective terranes. The company's targeted consolidation at the Murphy West Uranium Project and the planned airborne radiometric and magnetic survey demonstrate its commitment to exploring near-surface uranium mineralisation. DevEx's broader uranium strategy aims to build a dominant portfolio along the margin of the McArthur Basin, reflecting the company's ambitions for significant discoveries. The immediate ground activities and SQUID electromagnetic survey at the Jimblebar Project indicate the company's proactive approach to base metal-focused exploration. DevEx's successful agreements with Trek Metals align with its goal of achieving company-changing discoveries and strengthening its Australian exploration portfolio.