| 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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