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2026-11-06
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DevEx Resources Limited

Discovery Drill Stage · Uranium · Rare Earths · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.19
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$135M
EV
A$96.6M
Cash
A$27.2M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

4 assets

Core asset

Nabarlek Uranium Project

Australia

Discovery Drill Stage100% ownedUranium

100%-owned expanded Northern Territory uranium tenure of approximately 9,200 km2. Historic Nabarlek mine is depleted; Caramal has only a non-current JORC 2004 historical estimate. Tin Camp Creek access and parts of new tenure remain conditional; Cameco and Traditional Owner rights apply to specified tenements.

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceHistorical inferred JORC 2004; not adopted under JORC 2012944K tonnes0.31% U3O8, 6.5 million lb contained, 0.1% cut-offUranium2012-04-19
Tenements5
mln962Granted— None · No expiry supplied
el24921Granted— None · No expiry supplied
el24922Granted— None · No expiry supplied
el24291Granted— None · No expiry supplied
ela-mustangApplication— None · No expiry supplied
Milestones2
  1. 2026 KP, Sandfire and Nabarlek North drilling and laboratory assays

    Pending · High materiality

  2. Caramal drill approvals and historical estimate reassessment

    Pending · High materiality

Permits & approvals2
PermitJurisdictionStatusExpiryCritical path
Caramal-area drill permitsNorthern Territory, AustraliaPending—Yes
Tin Camp Creek exploration access restatementNorthern Territory, AustraliaPending—Yes

Material

Murphy West Uranium Project

Australia

Early ExplorerUranium

Mixed ground: currently 0% of specified third-party tenements pending three separate earn-ins; potential uranium-only 75% with Transition, all-mineral 75% with GSW, and all-mineral 80% with Trek after spending. Other applications are 100%-held. Permit applications lodged; no resource.

Tenements3
el32452Granted— None · No expiry supplied
el32881Granted— None · No expiry supplied
ela31751Application— None · No expiry supplied
Milestones1
  1. Murphy West maiden drilling after heritage and regulatory approval

    Pending · Medium materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Murphy West maiden drilling permitNorthern Territory, AustraliaPending—Yes

Material

Kennedy Rare Earth Project

Australia

Resource Stage100% ownedRare Earths

100%-owned Queensland ionic-clay REE project with a JORC 2012 inferred resource; processing pathway and saleable product not established. Column leach achieved up to 68% magnet REE extraction, not commercial recovery.

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceInferred JORC 2012150M tonnes1,000 ppm TREO; 470 ppm TREO excluding CeO2; 325 ppm TREO-CeO2 cut-offRare Earths2024-07-04
Tenements2
epm28009Granted— None · No expiry supplied
epm28012Granted— None · No expiry supplied
Milestones1
  1. Further Kennedy processing and product testwork

    Pending · Medium materiality

Other

Jimblebar Copper-Nickel Project

Australia

Early Explorer0% ownedCopperNickel

Trek earn-in over granted WA tenements: DevEx has not yet earned 75%; issuer seeks expressions of interest for assignment of its rights. No resource or economic study.

Tenements1
e52-3605Granted— None · No expiry supplied
Milestones1
  1. Potential assignment of Jimblebar earn-in rights

    Pending · Low materiality