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- DevEx Resources (DEV) ramps up exploration at its Nabarlek Uranium Project after identifying new high-grade targets
- The new multi-pronged exploration program in the Northern Territory found uranium, copper and gold exploration targets after a technical review
- This has encouraged the company to substantially bolster its drilling plans
- DevEx says a substantial exploration program is being planned over the coming 12 months, with drilling to be undertaken over multiple prospects
- DevEx Resources shares are sitting at at 31.5 cents before the market open
DevEx Resources (DEV) has ramped up exploration at its Nabarlek Uranium Project after identifying new high-grade targets.
The new multi-pronged exploration program in the Northern Territory found new uranium, copper and gold exploration targets following a technical review, which has encouraged the company to substantially bolster its drilling plans.
The new exploration opportunity includes near-mine targets at Nabarlek and several prospects where both strike and down-plunge extensions to high-grade uranium, copper and gold mineralisation have been identified.
The campaign has been designed to systematically test a suite of targets identified as part of a project-wide technical review that began earlier this year.
The tenement package is in the heart of Australia’s Alligator Rivers Uranium Province and is considered the country’s highest-grade uranium mine, with more than 500 million pounds of uranium identified in previously mined and unmined deposits.
“We have been fortunate to inherit a treasure trove of data surrounding this significant historical uranium mine site,” DevEx Managing Director, Brendan Bradley said.
“Our compilation and subsequent review demonstrates a wide range of exploration targets supported by numerous occurrences of uranium mineralisation throughout the project.”
“Nabarlek is not a one-prospect Project, it is an extensive piece of uranium-copper-gold real estate within a Tier-1 uranium province,” the Managing Director explained.
DevEx said a substantial exploration program is being planned over the coming 12 months, with drilling to be undertaken over multiple prospects.
Brendan Bradley said: “we look forward to getting back on this exciting ground for a new round of exploration.”
DevEx Resources shares are sitting at at 31.5 cents before the market open.
