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DevEx Resources Limited (ASX:DEV)

ALERT: Price-sensitive ASX Announcement for DEV
Current share price for DEV : $0.260 0.055 (26.83%)+
Announcement
Release
28 Apr 2026 8:12AM
Price at Release
$0.205
Full Release
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Summary
DevEx Resources Limited's March 2026 Quarterly Activities Report highlights ongoing advancements in their exploration projects, particularly in the Northern Territory and Queensland. The company is focused on the Nabarlek and Murphy West Uranium Projects, with preparations underway for a new drilling campaign. Significant funding was secured through a placement and share purchase plan, raising $38.9 million. DevEx identified new multi-element anomalies at the Murphy West project, supporting its exploration efforts. Strategic acquisitions are being pursued to enhance their exploration footprint and corporate opportunities to increase shareholder value.
Key Points
  • DevEx Resources Limited is advancing its exploration activities across the Northern Territory and Queensland.
  • The company's focus is on the Nabarlek and Murphy West Uranium Projects in the McArthur Basin.
  • DevEx completed a two-tranche Placement and Share Purchase Plan, raising approximately $38.9 million.
  • The company is preparing for a drilling campaign in the June quarter of 2026.
  • New kilometre-scale anomalies have been identified at the Murphy West Uranium Project.
  • DevEx is working on the acquisition of additional tenement packages to expand its exploration footprint.
  • The company's cash position at the end of March 2026 was $36.7 million.
  • Corporate efforts continue to enhance shareholder value through strategic 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.