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DevEx Resources Limited (ASX:DEV)

ALERT: Price-sensitive ASX Announcement for DEV
Current share price for DEV : $0.250 0.065 (35.14%)+
Announcement
Release
18 Mar 2026 8:25AM
Price at Release
$0.185
Full Release
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Summary
DevEx Resources Limited has identified multiple new kilometre-scale multi-element soil anomalies at the Murphy West Uranium Project in Northern Territory, Australia, through ongoing geochemical sampling. These anomalies show geochemical similarities to known uranium deposits, supporting the company's plans to progress towards a maiden drill program. The company is preparing drilling permit applications for a 2026 field season, as part of its broader uranium strategy. This exploration effort is reinforced by the Northern Territory government’s prioritization of uranium as a critical mineral. The project aligns with DevEx’s objectives to discover large-scale uranium deposits in highly prospective regions, indicating positive steps towards significant uranium discoveries.
Key Points
  • Multiple new kilometre-scale multi-element anomalies identified at the Murphy West Uranium Project in Northern Territory.
  • Anomalies show similar pathfinder geochemistry to Laramide Resources Limited’s Junnagunna Uranium Deposit.
  • Soil sampling targeted previously untested radiometric (uranium) anomalies.
  • Anomalies support DevEx’s plan to advance towards a maiden drill program at Murphy West.
  • Applications for drilling permits are being prepared for the 2026 field season.
  • Murphy West Project forms part of DevEx’s Uranium Strategy in Northern Territory.
  • DevEx's efforts are supported by the Northern Territory’s inclusion of Uranium in its New Critical Minerals list.
  • Encouraging results highlight the potential for new uranium discoveries within the project area.
  • DevEx Resources Limited is preparing for a multi-target shallow drill program.
  • Management expresses optimism about the exploration's growth and future uranium discovery opportunities.
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.