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DevEx Resources Limited (ASX:DEV)

ALERT: Price-sensitive ASX Announcement for DEV
Current share price for DEV : $0.215 0.105 (95.45%)+
Announcement
Release
28 Oct 2025 8:19AM
Price at Release
$0.110
Full Release
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Summary
DevEx Resources Limited released its September 2025 Quarterly Activities and Cash Flow Report, highlighting a net cash outflow of $2,403,000 from operating activities, with exploration payments totaling $1,918,000. The company's cash balance stood at $3,263,000 at quarter's end. Key projects include the Kennedy Rare Earth Project focusing on low-cost rare earth element extraction and the Nabarlek Uranium Project. Preparations are underway for a shallow drill program at Kennedy in April 2026. The report also noted no significant changes in tenements, although exploration continues, including the Jimblebar Copper-Nickel Project under an earn-in agreement.
Key Points
  • DevEx Resources Limited reported a net cash decrease of $2,403,000 in operating activities for the September 2025 quarter.
  • Exploration and evaluation payments amounted to $1,918,000 during the quarter.
  • The company's cash balance at the end of the quarter was $3,263,000.
  • DevEx is actively involved in several projects including the Kennedy Rare Earth Project and the Nabarlek Uranium Project.
  • The Kennedy Project focuses on low-cost extraction of rare earth elements through a heap leach processing pathway.
  • DevEx is preparing for a multi-target shallow drill program at the Kennedy Rare Earth Project scheduled for April 2026.
  • No significant changes in tenements occurred during the quarter, but there were ongoing exploration activities.
  • The company is exploring under an earn-in agreement for the Jimblebar Copper-Nickel Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.