- DevEx (DEV) is the latest company to look at securing its own stake in the region surrounding Chalice Gold Mine’s recent Julimar discovery
- Chalice made a significant nickel-copper-PGE discovery at Julimar, 70 kilometres northeast of Perth, prompting many others to focus on the region
- DevEx has now lodged three exploration licence applications covering area within the Julimar Complex and containing magnetic anomalies
- Shares in DevEx are trading 14.9 per cent higher at 10 cents each
DevEx (DEV) is the latest company to look at securing its own stake in the region near Chalice Gold Mine’s recent Julimar discovery.
Diamond core drilling conducted by Chalice Gold at Julimar, roughly 70 kilometres northeast of Perth, saw the company make a significant nickel-copper-PGE discovery in March.
This was followed by RC results from the project, prompting company shares to soar.
Just last week, Mandrake Resources signed an agreement with Andean Energy to farm-in to its Jimperding Project, within the same metamorphic belt as Chalice’s Julimar discovery.
DevEx has also set its sights on the exploration hot-spot and has lodged three Exploration Licence Applications for four tenements within Julimar Complex.
These tenements cover a combined 564 square kilometres and contain magnetic anomalies.
While awaiting the outcome of the applications, DevEx is reviewing magnetic data on the regional and open data sets covering the application ground.
This will inform focused field exploration when the licences are granted and land access is secured.
Shares in DevEx are trading 14.9 per cent higher at 10 cents per share at 1:38 pm AEST.