Announcement Date: 2023-08-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: DevEx Resources Ltd.
Project name: Nabarlek
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 23.7m at 0.19% U3O8 from 60m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: DevEx Resources Limited (ASX: DEV; DevEx or the Company) is pleased to advise that it has made a successful start to the 2023 drilling campaign at its 100%-owned Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory, Australia. DevEx is currently prioritising its drilling campaign along two major uranium-bearing fault zones, the Nabarlek Fault (the Nabarlek South and Nabarlek North Prospects) and the U40 Fault (the U40 and U42 Prospects) (see Figure 1). Both fault zones are known to host high-grade uranium mineralisation, including the former Nabarlek Uranium Mine, considered Australia’s highest-grade uranium mine with past production of 24Mlbs @ 1.84% U3O8
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