DevEx Resources starts Nabarlek Project drilling campaign

• DevEx Resources began a 17,000-metre reverse circulation and diamond drilling programme at its Nabarlek Uranium Project.
• Following the announcement, the market saw ongoing operational progress backed by previous capital raisings totalling over $38 million.
• The company aims to systematically test multiple high-priority targets near the historic Nabarlek mine area in the Northern Territory.

DevEx Resources (ASX:DEV) has commenced a major 17,000-metre reverse circulation and diamond drilling campaign at its Nabarlek Uranium Project in the Northern Territory.

This drilling programme builds on earlier exploration success and recent geophysical work supported by Northern Territory Government grant funding.

The company did not include an executive quote in its market release detailing the commencement of the campaign.

The 2026 programme will focus on several key prospects, including Big Radon, KP, Sandfire, and Nabarlek North, to test for high-grade uranium mineralisation.

Following the announcement, the DevEx share price was unchanged at $0.15.

The Nabarlek project is situated in the Alligator Rivers Uranium Province, a region historically recognised for hosting major high-grade uranium deposits.

DevEx has steadily expanded its footprint across the province through strategic tenement acquisitions and regional soil sampling programmes to build a long-term exploration pipeline.