DevEx Resources revealed positive high-grade uranium assays from its 2023 drilling at the Nabarlek Uranium Project in the Northern Territory, preceding the 2024 field season starting mid-May.

Exploration identified uranium mineralisation in the East Zone of the U40 Fault, with standout assays including 5.0m at 0.54% U3O8 from 257m.

The upcoming season will expand findings with an extensive reverse circulation and diamond drilling program, targeting areas around the former Nabarlek uranium mine and beyond.

The company also reported significant REE discoveries in surface clays at its Kennedy REE Project in Queensland, supported by a $175,000 grant from the Queensland Government's collaborative exploration initiative.