Tillkännagivande • Jan 29
DevEx Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 38.916514 million. DevEx Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 38.916514 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,422,667
Price\Range: AUD 0.145
Discount Per Security: AUD 0.00725
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,700,097
Price\Range: AUD 0.145
Discount Per Security: AUD 0.00725
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,266,988
Price\Range: AUD 0.145
Discount Per Security: AUD 0.00725
Transaction Features: Subsequent Direct Listing New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$355k revenue, or US$239k). Minor Risk Market cap is less than US$100m (AU$114.0m market cap, or US$76.6m). New Risk • Dec 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$355k revenue, or US$235k). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$96.6m market cap, or US$63.9m). Tillkännagivande • Dec 04
DevEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 32 million. DevEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 32 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,422,667
Price\Range: AUD 0.145
Discount Per Security: AUD 0.00725
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,666,988
Price\Range: AUD 0.145
Discount Per Security: AUD 0.00725
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,600,000
Price\Range: AUD 0.145
Transaction Features: Subsequent Direct Listing Tillkännagivande • Dec 03
DevEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. DevEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,689,655
Price\Range: AUD 0.145 New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.4m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$355k revenue, or US$230k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$61.8m market cap, or US$40.1m). Tillkännagivande • Oct 25
DevEx Resources Limited, Annual General Meeting, Nov 27, 2025 DevEx Resources Limited, Annual General Meeting, Nov 27, 2025. Location: at venture 1260, level 1, 1260 hay street, west perth, western australia Australia Recent Insider Transactions • Mar 20
Non-Executive Chairman recently bought AU$215k worth of stock On the 18th of March, Timothy Rupert Goyder bought around 3m shares on-market at roughly AU$0.078 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$553k. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$2.1m worth in shares. Recent Insider Transactions • Mar 03
Non-Executive Chairman recently bought AU$553k worth of stock On the 27th of February, Timothy Rupert Goyder bought around 7m shares on-market at roughly AU$0.079 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$1.9m worth in shares. New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$15m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$100k revenue, or US$65k). Minor Risk Market cap is less than US$100m (AU$57.4m market cap, or US$37.3m). New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$86k revenue, or US$59k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$70.6m market cap, or US$48.9m). New Risk • Sep 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$86k revenue, or US$59k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$72.8m market cap, or US$50.1m). Recent Insider Transactions • Sep 26
Independent Non-Executive Director recently bought AU$54k worth of stock On the 20th of September, Richard Hacker bought around 400k shares on-market at roughly AU$0.13 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$149k. Insiders have collectively bought AU$3.6m more in shares than they have sold in the last 12 months. Tillkännagivande • Sep 19
DevEx Resources Limited, Annual General Meeting, Nov 22, 2024 DevEx Resources Limited, Annual General Meeting, Nov 22, 2024. Recent Insider Transactions • Sep 13
Non-Executive Chairman recently bought AU$149k worth of stock On the 10th of September, Timothy Rupert Goyder bought around 1m shares on-market at roughly AU$0.11 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$1.3m worth in shares. New Risk • Jun 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$150.0m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$86k revenue, or US$57k). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$150.0m market cap, or US$99.1m). Recent Insider Transactions • Apr 03
Non-Executive Chairman recently bought AU$283k worth of stock On the 2nd of April, Timothy Rupert Goyder bought around 1m shares on-market at roughly AU$0.28 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$934k worth in shares. Tillkännagivande • Sep 20
DevEx Resources Limited, Annual General Meeting, Nov 24, 2023 DevEx Resources Limited, Annual General Meeting, Nov 24, 2023. New Risk • Sep 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (AU$124.2m market cap, or US$79.1m). Recent Insider Transactions • Aug 29
Non-Executive Chairman recently bought AU$648k worth of stock On the 28th of August, Timothy Rupert Goyder bought around 2m shares on-market at roughly AU$0.33 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Timothy Rupert's only on-market trade for the last 12 months. Tillkännagivande • Aug 04
Lachlan Star Limited (ASX:LSA) entered into share sale agreement to acquire TRK Resources Pty Ltd. from DevEx Resources Limited (ASX:DEV) for AUD 7.5 million. Lachlan Star Limited (ASX:LSA) entered into share sale agreement to acquire TRK Resources Pty Ltd. from DevEx Resources Limited (ASX:DEV) for AUD 7.5 million on August 3, 2023. The consideration includes a consideration of AUD 7.5 million in LSA shares plus a 2% Net Smelter Royalty. Following the completion, DevEx will also hold 36.46% of the ordinary share capital of Lachlan Star and will appoint two directors to the Lachlan Board. The transaction is subject to Lachlan shareholder approval with such meeting expected to be held in late September. The agreement also contains additional conditions precedent, warranties and indemnities that are typical for an agreement of this nature. Tillkännagivande • Jan 24
DevEx Resources Limited Reports Further Significant High-Grade Assay Results from Its 2022 Drilling Campaign At the 100%-Owned Nabarlek Uranium Project DevEx Resources Limited reported further significant high-grade assay results from its 2022 drilling campaign at the 100%-owned Nabarlek Uranium Project (Project), located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory, Australia. Several new high-grade uranium assay results have been received from both Reverse Circulation (RC) and diamond drilling completed last year, confirming the significant potential of the Project and the opportunity to delineate high-grade zones of mineralisation across multiple prospects. Importantly, these assay results also confirm the previously reported 2 down-hole gamma uranium equivalent intercepts. At U42, broad-spaced reconnaissance RC drilling has intersected high-grade uranium mineralisation within the underlying Cahill Formation. Assay results from the previously reported uranium equivalent intercepts in hole RC14 confirm the presence of significant high-grade uranium mineralisation, including: 22NBRC14 (RC14) 2.0m @ 0.59% U3O8 from 188m, including: 1.0m @ 1.03% eU3O8. Hole RC14 was designed to test for a uranium feeder structure beneath the flat dolerite and sandstone unconformity. This style of uranium mineralisation is similar to how other major uranium deposits form in the region (e.g., the world-class Ranger Uranium Mine to the south-east). The uranium mineralisation seen in RC14 is open up-dip to the prospective unconformity and along strike for several kilometres. These preliminary results are exciting, considering the extremely wide spacing of the RC drilling. Assay results received continue to confirm previously announced 3 down-hole gamma uranium equivalent intercepts, demonstrating high-grade uranium hosted in numerous fractures which collectively combine to form a broader envelope of lower-grade mineralization including: 54.8m @ 0.09% U3O8 (900ppm U3O8) from 66.0m in 22NBDD21 (Hole 21), including: 0.5m @ 0.63% U3O8; 0.3m @ 0.64% U3O8; 0.3m @ 0.63% U3O8 and 0.3m @ 0.51% U3O8. 20.5m @ 0.15% U3O8 (1500ppm U3O8) from 117.2m in 22NBDD30 (Hole 30). including: 0.6m @ 0.74% U3O8; 0.4m @ 0.71% U3O8; 0.4m @ 0.89% U3O8 and 0.4m @ 0.51% U3O8. Pending assay results from uranium-bearing drill holes are expected next month. Final laboratory analysis of one over-limit sample from within the high-grade uranium intercept in Hole 2 (22NBDD02) has been received from Australia's Nuclear Science and Technology Organisation (ANSTO), assaying 12.3% U3O8 (123,000ppm) from a 0.15m interval, with the final intercept of: 10.1m @ 1.10% U3O8 from 124.1m in 22NBDD02 (Hole 2) including: 3.3m @ 2.65% U3O8 including: 0.3m @ 9.01% U3O8 and 0.6m @ 5.6% U3O8. Preliminary interpretation of these results indicates the broader envelope of uranium mineralisation shows a close association with the southern edge of an extensive gravity feature which extends for several kilometres in length. Sparse historical drilling into several prospects along this trend continues to identify uranium mineralisation at this gravity boundary. The Company believes there is strong potential these prospects may all represent one continuous uranium system. Expanded drilling along trend from Nabarlek South is therefore planned in 2023. Further to the west, drilling planned to test the Overload Prospect was interrupted by the onset of the top-end wet season and has been postponed to 2023. The high-grade results at U42 and Nabarlek South continue to reinforce the potential for high- grade uranium deposits surrounding the historical Nabarlek Uranium Mine. The 2023 drilling campaign will see a priority focus on these Prospects. DevEx holds an extensive tenement package in the Alligator Rivers Uranium Province (ARUP) of Australia, which is centred on, and includes, the former Nabarlek Uranium Mine, considered Australia's highest-grade uranium mine with past production of 24Mlbs @ 1.84% U3O8. The ARUP is considered amongst the world's most prospective areas for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits. This year DevEx has been actively drilling multiple uranium targets surrounding the old mine site, with several prospects reporting positive high-grade intercepts, including Nabarlek South, North and the U42 Prospects. Tillkännagivande • Nov 29
DevEx Resources Limited Announces High-Grade Uranium Confirmed At Nabarlek DevEx Resources Limited advised it has confirmed the significant potential of its 100%-owned Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory, Australia following receipt of high-grade uranium assay results from the first tranche of diamond drilling. These uranium assay results show a good correlation to the previously reported down-hole gamma uranium equivalent intercepts. Nabarlek South: Geological logging and assays indicate the uranium mineralisation at Nabarlek South is hosted in numerous fractures and veins with intercepts including: 10.1m @ 1.10% U3O8 from 124.1m in 22NBDD02 (Hole 2) including: 3.3m @ 2.63% U3O8 including: 0.3m @ 8.8%* U3O8 and 0.6m @ 5.6% U3O8; and 0.3m @ 2.15% U3O8, 61.8m @ 0.08% U3O8 from 65.3m in 22NBDD01 (Hole 1) including: 0.2m @ 1.76% U3O8; 0.3m @ 0.71% U3O8, 0.2m @ 1.07% U3O8 and 0.6m @ 0.60% U3O8. Within the interval in Hole 2, a 0.15m sample has assayed higher than ALS Laboratories' maximum detection limit of 11.8% U3O8 (118,000ppm U3O8). This sample is being sent to ANSTO for further analysis to determine its grade. These uranium-bearing fractures appear to shatter and alter the host dolerite, coalescing to form high-grade intervals such as those reported in Hole 2, and go towards creating a much broader envelope of lower-grade uranium mineralization as reported in Hole 1. With drilling to date focused on understanding the primary controls of uranium mineralisation at Nabarlek South, the Company plans to expand the drill programme along strike from these intercepts where the uranium mineralisation remains poorly constrained by historical drilling and assaying. U42 Prospect: A review of historical airborne radiometric surveys at U42 has highlighted a significant uranium trend that closely matches the recent bedrock uranium intercept in hole 22NBRC14 (RC14), which intersected: 1.9m @ 0.44% eU3O8 from 186.7m, including: 0.6m @ 1.03% eU3O8 Hole RC14 was designed to test for a uranium feeder structure beneath the flat dolerite and sandstone unconformity. This style of uranium mineralisation is similar to how other major uranium deposits form in the region. The uranium mineralisation seen in RC14 is open up-dip to the unconformity and also along strike for several kilometres. These preliminary results are exciting, considering the extremely wide spacing of the RC drilling. The recently processed airborne radiometric data provides strong support to this interpretation and shows a north-west trending uranium anomaly that is orientated similar to other uranium-bearing fault zones in the region. With the onset of the top-end wet season, DevEx plans to prioritise an expanded drill programme at U42 at the start of the 2023 dry season in April. DevEx holds an extensive tenement package in the ARUP of Australia which is centred on, and includes, the former Nabarlek Uranium Mine, considered Australia's highest-grade uranium mine with past production of 24Mlbs @ 1.84% U3O8. The ARUP is considered amongst the world's most prospective areas for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits. This year DevEx has been actively drilling multiple uranium targets surrounding the old mine site, with several prospects reporting positive high-grade intercepts, including Nabarlek South, North Buffalo and the U42 Prospects. Recent Insider Transactions Derivative • Nov 29
Non-Executive Chairman exercised options to buy AU$1.5m worth of stock. On the 25th of November, Timothy Rupert Goyder exercised options to buy 5m shares at a strike price of around AU$0.29, costing a total of AU$1.4m. This transaction amounted to 8.5% of their direct individual holding at the time of the trade. Since June 2022, Timothy Rupert has owned 55.87m shares directly. Company insiders have collectively bought AU$2.5m more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Director Stacey Apostolou was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 19
DevEx Resources Limited Advises More Significant Uranium Intersected At Nabarlek DevEx Resources Limited advised that ongoing diamond Reverse Circulation drilling continues to intersect high-grade uranium mineralisation at the 100%-owned Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province in the Northern Territory. DevEx holds an extensive tenement package in the ARUP which is centred on, and includes, the former Nabarlek Uranium Mine, considered Australia's highest-grade uranium mine with past production of 24Mlbs @ 1.84% U3O8. Two drill rigs are currently on site, testing multiple historical uranium prospects surrounding Nabarlek, including Nabarlek South, U42, Coopers, the U40-to-Zeus Trend, the KP Prospect and the recently defined Overload Prospect. At Nabarlek South, 12 additional diamond holes have been completed to further evaluate the uranium mineralisation surrounding the initial drilling announced in August, including the significant high-grade intercept in Hole 2 of 10.7m @ 1.20% eU3O8 from 123.4m . Preliminary uranium equivalent results have so far defined an emerging zone of fracture-hosted uranium mineralisation within altered dolerite that lies adjacent to the projected intersection of two uranium-bearing faults: the north-west Nabarlek Fault and east-north-east Gabo Fault. Current drilling is designed to cross both these structural orientations, with holes angled to the south-west. Geological observations and uranium equivalent grades, estimated from the down-hole gamma probe, indicate the uranium mineralisation is hosted within a network of narrow high-grade veins and fractures which in diamond core bulks out over broader down-hole widths. Preliminary geological interpretation suggests the uranium mineralisation is associated with apparent flattening of the regional Gabo Fault. The potential for a continuation, or repeat, of this flattening presents as a valid target model, and further step-out drilling is planned to the east and west where historical drilling remains unreliable. In addition, a strong historical radon-track-etch anomaly lies immediately to the east of Nabarlek South and requires further assessment following the information gained from Holes 30 and 31 . This radon anomaly is offset from the main Nabarlek South mineralisation and could highlight a deeper target down-plunge from the currently defined mineralisation. Significant results from diamond drilling at Nabarlek South are reported as down-hole intercepts as true widths are not currently known. At U42, broad-spaced reconnaissance RC drilling testing for uranium mineralisation, both within a fault-controlled dolerite and also in the underlying Cahill Formation, has intersected an interval of significant uranium mineralisation. RC hole 22NBRC14 was designed to test the north-west continuity of uranium mineralisation in the overlying dolerite. Importantly, the hole was drilled through the dolerite into underlying basement rocks and encountered a 2m zone of uranium mineralisation within an altered meta sediment . Preliminary in-hole gamma probe measurements from within the RC rods estimate: 22NBRC14 1.9m @ 0.44% eU3O8 from 186.7m, including: 0.6m @ 1.03% eU3O8 The intercept is reported as down-hole as the orientation is currently unknown. Significant results for drilling at U42 are presented in Table 1 and the Figure 7 below. Although laboratory analysis is required, the spot pXRF readings support the presence of uranium mineralisation in the one metre sample interval. These preliminary results are exciting, considering the extremely wide spacing of the RC drilling surrounding Hole RC14. The drill rig will move back to U42 shortly. In addition to these prospects, DevEx's ongoing historical data review and new geological mapping has identified a large-scale and highly prospective series of drill targets at the Overload Prospect. At Overload, historical exploration targeted a uranium-bearing quartz breccia to the south of the Oenpelli Dolerite. This quartz breccia outcrops and trends in an identical fashion to the Nabarlek quartz breccia to the north-west . Historical drilling at Overload has confirmed that this shallow east-dipping breccia contains pitchblende and is hosted in flat lying upper Cahill stratigraphy, with the more prospective lower Cahill stratigraphy untested by drilling down-dip. In addition, new mapping by the Company has identified continuation of a quartz breccia to the north of the dolerite and in a similar structural position to Nabarlek. This breccia trends to the north-west under cover where a large +1km long historical radon-track-etch anomaly lies. The scale of this target bears close similarity to the broader foot-print defining the Nabarlek uranium system. Overload represents an exciting Nabarlek/Ranger type uranium exploration drill target, and the Company is planning to commence drilling prior to the onset of the wet season. Tillkännagivande • Sep 20
DevEx Resources Limited, Annual General Meeting, Nov 22, 2022 DevEx Resources Limited, Annual General Meeting, Nov 22, 2022. Recent Insider Transactions Derivative • Aug 20
Non-Executive Director exercised options to buy AU$463k worth of stock. On the 18th of August, Richard Hacker exercised options to buy 1m shares at a strike price of around AU$0.13, costing a total of AU$169k. This transaction amounted to 41% of their direct individual holding at the time of the trade. Since September 2021, Richard's direct individual holding has increased from 2.00m shares to 3.05m. Company insiders have collectively bought AU$2.0m more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Aug 06
DevEx Resources Limited Reports Further Encouraging Assay Results Received from its Air-Core (AC) Drilling Campaign at the Nangus Road Prospect, Within its 100%-Owned Junee Copper-Gold Project in NSW DevEx Resources Limited reported further encouraging assay results received from its air-core (AC) drilling campaign at the Nangus Road Prospect, within its 100%-owned Junee Copper-Gold Project in NSW. Reconnaissance AC intercepts continue to define the presence of a coherent north-south oriented gold zone which extends for over 1 kilometre, including 1m @ 4.9g/t Au from 42m (22JNAC081), 5m @ 1.3g/t Au from 6m (22JNAC062) and 3m @ 1.3g/t Au from 4m (22JNAC013). This follows on from previous intercepts along strike including: 4m @ 2.5g/t Au from 28m, including 1m @ 6.3g/t Au at the bottom-of-hole (22JNAC041). The shallow gold zone lies within a broad 200-metre-wide zone of strongly altered (phyllic to localised advanced argillic alteration) and sheared andesite volcanic rocks which in turn are flanked by propylitic altered monzonite intrusions to the east and west. Preliminary alteration analyses of the deeper drilling indicates alteration characteristics typical of rocks positioned above a porphyry copper-gold system. AC drilling has also defined anomalous Cu mineralisation (500 to 2,100ppm Cu maximum) associated with the gold. Of most interest is the broadening (> 400 metres wide) of the anomalous Cu mineralisation on the southernmost AC traverse near to the northern contact of the Nangus Road monzonite intrusion. A significant gap in drill coverage to the south requires further drilling to test this broad copper zone. The close association of copper and other pathfinder elements with gold mineralisation continues to support the potential of a porphyry copper-gold system at Junee. Junee Project Background: The Junee Project lies on the southern extension of the Macquarie Arc of NSW Australia's large porphyry copper-gold terrane. Age dating and chemistry from the area undertaken by the Geological Survey of New South Wales (GSNSW) identified monzonitic intrusions, with similar chemistry and the same age as the Cu-Au mineralised intrusions at the major Cadia-Ridgeway and Northparkes mining operations to the north. At Nangus Road, early drilling in 2020 defined a monzonite immediately south of the current drill programme. Geochemistry of the monzonite indicated it is a porphyry-fertile, high-potassium intrusion similar to other large porphyry Cu-Au deposits in the region, such as those seen at Cadia-Ridgway and Northparkes. The extensive gold-copper anomalism on the northern margin of the Nangus Road monzonite and the extensive alteration zone seen in the current drill programme are pointing to an exciting and rapidly developing exploration opportunity. Tillkännagivande • Jul 13
DevEx Resources Limited Announces Drilling Commences on High-Grade Uranium Targets at Nabarlek DevEx Resources Limited announced that diamond drilling has commenced at its 100%-owned Nabarlek Uranium Project, located in the world-class Alligator Rivers Uranium Province (ARUP) of the Northern Territory. The current program will test multiple high-grade uranium prospects that surround the historical Nabarlek Uranium Mine (previous production of 24Mlbs @ 1.8% U3O8). Drilling will initially focus on targets located adjacent to previous uranium intercepts, including those identified at Nabarlek South, North Buffalo, U40 and U42 and the historical Nabarlek Pit. Tillkännagivande • Jun 07
DevEx Resources Limited Reports Shallow High-Grade Gold Hits Defines Extensive Gold Zone At Junee Project, NSW DevEx Resources Limited reported further significant assay results from its ongoing drilling campaign at the Nangus Road Prospect, within its 100%-owned Junee Copper-Gold Project in NSW. Early indications from the drilling define the presence of a coherent north-south orientated gold zone which extends for over 1 kilometre. Significant gold in air-core intercepts received to date include 4m @ 2.5g/t Au from 28m, including 1m @ 6.3g/t Au at the bottom-of hole (22JNAC041), 8m @ 1.1g/t Au from 40m (22JNAC081) and a previously reported intercept of 4m @ 5.9g/t Au from 4m (22JNAC013). In addition, diamond hole 22JNDD002 tested the same zone at depth intersecting 1m @ 27.2g/t from 142m. To date RC/DD has tested only two east-west traverses 400m apart. This coherent zone of gold mineralisation remains open-ended and untested by drilling to the north, south and at depth. Preliminary observations indicate the gold mineralisation is located within a sequence of broadly altered and sheared andesite volcanic rocks, displaying extensive phyllic to advanced argillic alteration. Mon zonite intrusions flank either side of the alteration zone with early indications suggesting the mineralisation may be associated with an underlying porphyry Cu-Au system. Assay results from the remaining drilling will continue to be received over the next month andcompilation of all results will assist with planning the next stage of RC and DD. Tillkännagivande • Apr 27
DevEx Resources Limited Announces the Appointment of Stacey Apostolou to its Board as an Executive Director DevEx Resources Limited announced the appointment of highly experienced mining executive Stacey Apostolou to its Board as an Executive Director, effective from 27 April 2022. Ms. Apostolou is a finance executive with over 30 years' experience working at senior levels in the Australian resources sector. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). MD & Executive Director Brendan Bradley was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 26
Devex Resources Limited Announces Initial Assay Results Indicate Potential for Porphyry Copper-Gold System at Junee DevEx Resources Limited announced that it is beginning to receive initial assay results from its ongoing multi-pronged drilling campaign at the Nangus Road Prospect, within its 100%-owned Junee Copper-Gold Project in NSW. Results received to date are from part of a much larger drill programme comprising a combination of diamond, Reverse Circulation (RC) and air-core (AC) designed to test the large, 2km-long gold- copper (Au-Cu) bedrock anomaly defined by last year's wide-spaced AC drilling. Early indications from the drilling indicate the presence of a north-south oriented Au-Cu zone, with initial Au intercepts including 4m @ 5.9g/t Au from 4m (22JNAC013), 3m @ 1.2g/t Au from 28m (22JNAC041 open at bottom-of-hole) from AC drilling and 6m @ 1.2g/t Au from 188m (22JNRC001) from the one RC hole received to date. Gold intercepts and associated anomalous Cu, lie within a broad hydrothermal alteration zone with early indications suggesting that the mineralisation is associated with a porphyry Cu-Au system. To date, two (2) diamond holes, eight (8) RC holes and 162 AC holes have tested the Nangus Road Prospect. Drilling is still broad spaced, with diamond and RC drilling testing the target on 400m spaced traverses and AC drilling completed on 100m traverses. Drilling is still in progress, and assay results for the majority of these drill holes (75%) are still pending. Results are expected to continue to be received over the coming month. The Junee Project lies on the southern extension of the Macquarie Arc of NSW - Australia's largest porphyry Cu-Au terrane. Age dating and chemistry from the area undertaken by the Geological Survey of New South Wales2 (GSNSW) identified monzonitic intrusions, with similar chemistry and the same age as the Cu-Au mineralised intrusions at the major Cadia-Ridgeway and Northparkes mining operations to the north. At the Nangus Road Prospect early drilling in 2020 defined a monzonite immediately south of the current drill programme. Geochemistry of the monzonite at Nangus Road indicated it is a porphyry-fertile, high-potassium intrusion similar to other large porphyry Cu-Au deposits in the region, such as those seen at Cadia-Ridgway and Northparkes. The extensive Au-Cu anomalism on the northern margin of the Nangus Road monzonite and the extensive alteration zone seen in the current drill programme are pointing to an and rapidly developing exploration property. Recent Insider Transactions • Apr 09
Non-Executive Chairman recently bought AU$472k worth of stock On the 5th of April, Timothy Rupert Goyder bought around 1m shares on-market at roughly AU$0.47 per share. This was the largest purchase by an insider in the last 3 months. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$807k worth in shares. Tillkännagivande • Feb 03
DevEx Resources Limited Announces Strong Start to Drilling at Junee Gold-Copper Project, with Broad Alteration Zones in First Diamond Hole DevEx Resources Limited announced that it has made a strong start to its recently commenced drilling program at the 100%-owned Junee Copper-Gold Project in NSW, with the first diamond hole intersecting extensive intervals of intense alteration and pyrite mineralization. At the Nangus Road Prospect, a combination of diamond, RC and AC drilling is underway to test the large, 2 kilometer-long gold-copper (Au-Cu) bedrock anomaly defined by last year's wide-spaced AC drilling, which returned gold and copper grades of up to 3.5g/t Au and 1,410ppm Cu respectively. In addition, extensive IP chargeability anomalies underlying these bedrock Au-Cu anomalies represent a compelling exploration target for both shallow and deeper drilling. The first diamond hole (21JNDD001, Hole 1) was designed to test a chargeability IP anomaly that underlies gold mineralization identified in last year's broad-spaced AC drilling . Preliminary geological and alteration observations indicate that this hole has intersected several broad zones of sheared and hydrothermally altered phyllic to localized advanced argillic mineral assemblages replacing what was originally an andesite. Both the phyllic (sericite-silica) and advanced argillic (pyrophyllite) assemblages host abundant pyrite mineralization, together with numerous intermittent zones of quartz-pyrite veins. These more intense alteration zones and associated pyrite mineralization are prevalent in three broad intervals between 153m to the bottom of hole at 453m. Outside of these zones, alteration typically comprises propylitic alteration (chlorite-epidote) with lesser sulphides. 21JNDD001 has intersected several broad zones of intense hydrothermal alteration with associated pyrite mineralization and quartz veins between 153m to the bottom of hole at 453m (assays pending). This is the first hole to be drilled as part of a larger approximately 16,000m programme comprising diamond, reverse circulation (RC) and air-core (AC) drilling. Three drill rigs are now on site to test the 2km long bedrock gold-copper anomaly defined last year. Tillkännagivande • Dec 23
Devex Resources Limited Provides Further Update on the Exploration Programs at the Sovereign Project in the Highly Prospective Julimar Region DevEx Resources Limited providing further update on the exploration programs at the Sovereign Project in the highly prospective Julimar Region, WA. DevEx are conducting exploration on the Sovereign Project under the 50/50 Joint Venture on ASQ's E70/3405 located along strike from the Chalice Gold Mines Ltd. nickel-copper-platinum group elements (Ni-Cu-PGE) Julimar discovery in WA. The assays have confirmed several zones of low-grade disseminated nickel (Ni) and copper (Cu) sulphide mineralisation within the gabbronorite-norite and pyroxenite rocks in line with expectations from visual observations of the diamond drill core. Both palladium and platinum (PGE) values are low in grade. Sulphide mineralisation assemblages in Hole 2 vary from pentlandite-chalcopyrite-pyrite (with relic pyrrhotite) to millerite-chalcopyrite-pyrite. Similar to the processes described at Gonneville by Chalice Mining Limited, both the geology and mineralisation at Sovereign have been modified by pervasive regional metamorphism. Importantly, the zones of disseminated iron (Fe)-Ni-Cu sulphides are spatially associated with magmatic blue quartz and ilmenite both strongly suggestive of the role of sediment assimilation in the genesis of the mineralization. Sediment assimilation is a critical element in the genesis of magmatic Ni-Cu-PGE deposits such as Nova-Bollinger and Noril'sk. The third stratigraphic diamond hole, 21SVDD03 (Hole 3), was completed earlier this month with co- funding assistance by the WA Exploration Incentive Scheme. Hole 3 was drilled 3.5 kilometres to the north of Hole 2 and has also intersected a thick sequence of moderate westly dipping mafic-ultramafic intrusive rocks to the bottom of the hole (586m). Preliminary observations of the core identify a narrow (one metre) zone of minor disseminated Fe-Ni-Cu sulphides within a pyroxenite. Importantly, the mafic-ultramafic rocks hosting the disseminated Fe-Ni-Cu sulphide mineralisation in both Holes 2 and 3 show similar signs of assimilation of country rock into the intrusion. The presence of these distinctive features over broadly spaced holes several kilometres apart continues to enhance the prospectivity of the intrusion and the importance of ground-based electromagnetic surveys (EM) to assist in vectoring into potential accumulations of massive sulphide mineralisation. Recent Insider Transactions Derivative • Nov 21
Non-Executive Chairman exercised options to buy AU$416k worth of stock. On the 18th of November, Timothy Rupert Goyder exercised options to buy 750k shares at a strike price of around AU$0.17, costing a total of AU$125k. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. Since December 2020, Timothy Rupert's direct individual holding has increased from 53.38m shares to 53.80m. Company insiders have collectively bought AU$686k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 21
Non-Executive Chairman recently bought AU$164k worth of stock On the 18th of November, Timothy Rupert Goyder bought around 315k shares on-market at roughly AU$0.52 per share. In the last 3 months, they made an even bigger purchase worth AU$171k. Timothy Rupert has been a buyer over the last 12 months, purchasing a net total of AU$335k worth in shares. Recent Insider Transactions • Nov 14
Non-Executive Chairman recently bought AU$171k worth of stock On the 10th of November, Timothy Rupert Goyder bought around 426k shares on-market at roughly AU$0.40 per share. This was the largest purchase by an insider in the last 3 months. This was Timothy Rupert's only on-market trade for the last 12 months. Tillkännagivande • Oct 08
DevEx Resources Limited Announces Diamond Drilling Underway At Sovereign Ni-Cu-PGE Project in the Highly Prospective Julimar Region, WA DevEx Resources Limited announced that diamond drilling has commenced at its Sovereign Ni-Cu-PGE Project, in the Julimar Region of Western Australia. The Sovereign Project lies within the highly prospective Julimar Complex and is located to the north of Chalice Mining Limited's Julimar Project and south of Caspin Resources Limited's Yarawindah Brook Project. Recent reconnaissance air-core drilling has provided the first insight into the framework of an extensive, 12km long mafic-ultramafic intrusion, with rocks likely analogous to the western margin of Chalice Mining's Gonneville Intrusion. At Gonneville, gabbronorite and pyroxenite rocks form the upper differentiated layer of the intrusion with the more Ni-Cu-PGE-rich serpentinite (harzburgite) lying beneath and forming the lower layer. At Sovereign, the current maiden diamond drilling programme is designed to garner an understanding of the extent of the underlying ultramafic rocks and will test beneath the upper differentiated mela-gabbronorite and pyroxenite rocks into the interpreted lower layer. Inversion modelling (third dimension) of the ground gravity and airborne magnetic surveys by the Company's geophysical consultants, Newexco Exploration Pty Ltd, has identified priority areas beneath the pyroxenite rocks where the prospective serpentinite may lie. Three diamond holes are currently planned. In conjunction with this drilling, an extensive ground Electromagnetic (EM) survey has commenced at Sovereign. This survey will likely take several months to complete and will test for massive sulphide Ni-Cu-PGE mineralisation with mafic-ultramafic intrusions, with the priority given to several windows where the lower ultramafic and mela-gabbronorites have been exposed near surface. Any significant conductors identified from this survey would be viewed as a priority for additional drilling. Tillkännagivande • Oct 01
DevEx Resources Limited Announce Details of a New Multi-Pronged Exploration Program Which Has Commenced Across Its Highly Prospective Nabarlek Uranium Project DevEx Resources Limited announced details of a new multi-pronged exploration program which has commenced across its highly prospective Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory. The Alligator Rivers Uranium Province (ARUP) is considered amongst the world's most prospective for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits. DevEx has recently undertaken a comprehensive technical review of the historical pre- and post-mine exploration data covering the Nabarlek Project area, identifying a number of outstanding exploration opportunities for uranium, copper and gold mineralisation. The new exploration campaign will systematically test an extensive suite of exciting targets identified as part of a project-wide technical review that commenced earlier this year in response to the rapidly improving outlook for the global uranium sector. The new targets surround the historic high-grade Nabarlek Uranium Mine (past production: 24Mlbs at 1.8% U3O81) within the Company's granted Nabarlek Mining Lease and surrounding exploration tenements. The targets range from areas located immediately adjacent to the historic Nabarlek Uranium Mine, to drill targets located either down-plunge or along strike from previous high-grade drill intercepts, including; Drilling is planned to test the down-plunge potential beneath a cluster of high-grade uranium intercepts including; 25m at 0.32% U3O8 from 115m, Incl. 2.0m at 1.0% U3O8 and 3.0m at 1.0% U3O8. Zeus to U40 corridor early-stage exploration, including drilling is planned to test a uranium-copper-gold corridor from the Zeus to U40 Prospects, where previous drilling encountered high-grade uranium, copper and gold mineralisation, including; 6m at 7.6% U3O8, 0.7g/t Au, 2.0% Cu from 75m (NAD7492). Tillkännagivande • Sep 21
DevEx Resources Limited Provides Exploration Update DevEx Resources provided an update on recent and upcoming exploration activities across its portfolio of projects in the Macquarie Arc and Cobar Basin in NSW. Junee Porphyry Copper-Gold Project Nangus Road Prospect, NSW (DevEx: 100%); Preparations for drilling at the Nangus Road Prospect are well underway with regulatory drilling approvals in place, and a drilling contract now signed for reverse circulation and diamond drilling. Drilling is scheduled to commence in late October. In July, the Company announced updated drilling results which identified a shallow, 2km long, copper-gold bedrock anomaly with gold and copper grades up to 3.5g/t Au and 1,410ppm Cu from broad spaced drilling (see ASX Announcement 26th July 2021). In addition, multiple induced polarisation (IP) anomalies have been identified beneath this extensive copper-gold bedrock anomaly, indicating good potential for underlying sulphide mineralisation. Collectively, these exploration results at Nangus Road strongly support the potential for a porphyry copper-gold system in the area. The Junee Project lies on the southern extension of the Macquarie Arc of NSW Australia's largest porphyry copper-gold terrane. Both the shallow, 2km long, bedrock copper-gold mineralization and the underlying IP chargeability anomalies represent compelling exploration drill targets. Tillkännagivande • Jun 01
DevEx Resources Limited announced that it expects to receive AUD 7.972307 million in funding DevEx Resources Limited (ASX:DEV) announced a private placement of 24,913,460 fully-paid ordinary shares at a price of AUD 0.32 per share for gross proceeds of AUD 7,972,307.2 on May 31, 2021. The transaction will include participation from sophisticated and
professional investors for approximately 8.1% of the expanded share capital of the company. The transaction is expected to close on June 3, 2021. Tillkännagivande • Feb 10
Devex Resources Limited Reports Encouraging Soil Geochemistry Results from Its 100%-Owned Junee Copper-Gold Project DevEx Resources Limited reported encouraging soil geochemistry results from its 100%-owned Junee Copper-Gold Project which, together with analysis of drilling completed last year, have provided further evidence of the potential to discover a large porphyry system at the Project. The Junee Project lies on the southern extension of the Macquarie Arc of NSW - Australia's porphyry copper-gold terrane. Age dating and chemistry from the area undertaken by the Geological Survey of New South Wales1 ("GSNSW") identified monzonitic intrusions, such as the copper-gold bearing Cooba Monzonite, which are high-potassium in nature and the same age as the copper- gold mineralised intrusions at the major Cadia-Ridgeway and Northparkes mining operations to the north. Reconnaissance soil sampling on the northern margin of the Nangus Road magnetic anomaly has identified a broad coincident copper-gold in soil anomaly up to 1 kilometre long, which remains open to the south and west. This copper-gold soil anomaly is also supported by other pathfinder elements consistent with major porphyry copper-gold systems, including molybdenum, bismuth, tellurium. The Company is encouraged by these results following the completion of a recent diamond drill hole (JNDD003), which confirmed that an altered monzonite is the likely source of the Nangus Road magnetic anomaly. Hole JNDD003 passed through approximately 100m of young, transported cover before intersecting a hornblende, magnetite and biotite-bearing monzonite intrusion with intense propylitic alteration. Geochemistry indicates that the rock is a porphyry-fertile, high-potassium intrusion. Mineralogical examinations of the most intense alteration zones indicate an assemblage of actinolite-albite-epidote in association with the very fine copper minerals chalcopyrite and bornite. Although, copper sulphides did not occur in significant concentrations to warrant reporting of copper intercepts, this assemblage of minerals suggests that at least part of the hole passed through rocks that might be considered to lie within the inner propylitic zone of a mineralised porphyry copper-gold system. The Nangus Road magnetic anomaly extends for 2km in a northerly direction, is approximately 2km wide and lies beneath variable transported cover. It displays similar size and magnetic amplitude to the Ordovician aged Cooba Cu-Au bearing Monzonite to the north of the Project. Tillkännagivande • Feb 08
DevEx Resources Limited Announces Commencement of Aircore Drilling of the Sovereign Projec DevEx Resources Limited lodged an announcement detailing the commencement of aircore drilling of the Sovereign Project. DevEx are conducting exploration on the Sovereign Project under the 50/50 Joint Venture on ASQ's E70/3405 located along strike from the Chalice Gold Mines Ltd. nickel-copper-platinum group elements (Ni-Cu-PGE) Julimar discovery in WA. DevEx is earning into the non-bauxite rights of E70/3405 by an initial spend of $3 million to earn a 50% interest. Tillkännagivande • Feb 04
DevEx Resources Limited Receives Encouraging Initial Drill Results At Wilga Downs Project DevEx Resources Limited advised that it has received encouraging results from the first diamond drill hole (20WD001) completed at its Wilga Downs Project, located within the well-endowed Cobar Basin region of NSW. The diamond hole, which was completed to a depth of 630m, tested a strong magnetic high which exhibited several similarities to other major, gold-polymetallic deposits in the Cobar Basin region. The target was modelled by DevEx to lie beneath anomalous base metal intercepts from historical drilling (1970s) and proximal to the prospective fault contact between the outcropping Cobar Supergroup (Devonian) and the Girilambone Group (Ordovician). Drilling encountered a 13-metre zone of vein to disseminated pyrrhotite mineralisation (a magnetic iron sulphide) with minor copper sulphides (chalcopyrite), close to the centre of the modelled magnetic high. Of most interest was a narrow intercept of semi-massive pyrrhotite grading 1m @ 0.7% Cu and 0.7g/t Au from 551.6m. Importantly, down-hole magnetic susceptibility readings of the diamond core (20WD001), including of the copper- and gold-bearing pyrrhotite zone, are not considered to be extensive enough to explain the source of the modelled magnetic anomaly. This suggests that there is excellent potential for a body of magnetic, copper-bearing massive sulphide (pyrrhotite) mineralisation close by which may be significantly larger than that encountered in hole 20WD001. Considering the scale of the magnetic anomaly at the Wilga Downs Prospect and the close association of gold and copper with the pyrrhotite mineralisation, the potential for the discovery of a significant Cobar-style massive sulphide copper gold deposit remains strong. This priority target is similar to those associated with other gold-polymetallic deposits in the south of the region, including Glencore's CSA Copper Mine and other nearby mines such as the Peak and Great Cobar Copper-Gold Mines. Many of these deposits form discrete magnetic highs which typically map pyrrhotite alteration either surrounding or directly associated with the mineralisation. Diamond drilling of the Wilga Downs magnetic anomaly is partly funded by a New Frontiers Cooperative Drilling program grant awarded by the NSW Government to Thomson Resources Ltd. DevEx is now preparing for follow-up exploration with a Down-hole Electromagnetic (DHEM) survey of the drill hole ((20WD001), designed to further investigate the potential for a significant copper-gold massive sulphide target. The DHEM survey is expected to be completed in the coming weeks, and will determine if any significant off-hole conductors, representing sulphide mineralisation, can be identified providing further targets for drill testing. Tillkännagivande • Nov 26
DevEx Resources Limited announced that it expects to receive AUD 8.418 million in funding DevEx Resources Limited (ASX:DEV) announced a private placement of 36,600,000 common shares at a price of AUD 0.23 per share for gross proceeds of AUD 8,418,000 on November 25, 2020. The transaction will include participation from sophisticated and professional investors. The transaction is expected to close on December 3, 2020. Tillkännagivande • Nov 25
DevEx Resources Limited Provides Update on Drilling Programs in Julimar Region, WA and Lachlan Fold Belt, NSW DevEx Resources Limited announced a strongly-supported capital raising of up to $8.4 million to fund the Company's exploration strategy across two proven mineral provinces - the Julimar region of Western Australia and the world-class Lachlan Fold Belt district of New South Wales. Following completion of the capital raising DevEx will be well-funded for its planned 2021 exploration programs with a strong cash balance of ~AUD 12 million. The Company's exploration strategy remains focused on its Sovereign Nickel-Copper-PGE Project in WA's Julimar Region, and across its three NSW Projects - the recently acquired Wilga Downs Project alongside its existing Basin Creek and Junee Projects. Sovereign Nickel-Copper-PGE Project (Julimar Region, WA): Ground Electromagnetic (EM) Survey now underway to follow-up several clusters of airborne EM conductors identified last month, results to pave the way for Reverse Circulation/diamond drilling in early 2021; Wilga Downs Gold-Base Metals Project (Cobar Region, NSW): Diamond drilling on track to commence this week - targeting a Cobar-type gold-polymetallic discovery; and Basin Creek and Junee Projects (NSW): Planning follow-up drilling in First Quarter 2021. Tillkännagivande • Nov 06
DevEx Resources Updates on Its NSW Regional Exploration on Basin Creek and Junee Projects DevEx Resources updated on its NSW regional exploration programs, where first-pass exploration drilling has been completed at the 100%-owned Basin Creek Gold Project and is currently nearing completion at the nearby Junee Copper-Gold Project. The reconnaissance drilling program at Basin Creek was designed as a broad first-pass test of the Main Ridge Prospect. Fourteen (14) broad-spaced Reverse Circulation (RC)/diamond drill holes were designed to test for the primary controls to the gold mineralisation beneath the extensive +3.5km long gold system mapped at surface by surface geochemistry and alteration mapping. All assay results from the program have now been received. Drilling results show the presence of an extensive zone of silica-sericite-pyrite alteration within the central and southern areas of the Main Ridge Prospect. Within the central area of Main Ridge, hole DDH1 recorded significant intervals of 1m @ 6.2g/t Au from 12m and hole RC 8 recorded 4m @ 2.1g/t Au from 174m. Of significant interest is the gold mineralisation within hole RC 8, which lies at the western margin to a broad zone of strong silica-sericite-pyrite alteration. This western margin underlies the peak soil anomaly in the central part of the Main Ridge Prospect and may represent one of the controlling tructures to gold mineralisation. The closest hole to the south of RC 8, RC 9, is located 400m further to the south. It also encountered strong silica-sericite-pyrite alteration for its entire length but did not pass through the western margin to the alteration zone. The western margin and the potential gold bearing structure it represents remains open and untested by drilling to the south of the 4m @ 2.1g/t Au intercept in Hole RC 8. Diamond hole DDH1, 250m north of RC8, intersected 1m @ 6.2g/t Au from 12m associated with a
quartz stockwork/breccia fault zone. Considering the spacing of the holes, it is difficult to establish a link between the two intercepts until additional drilling is completed. Planning is now underway to expand the drill programme at the Main Ridge Prospect to test this western margin both above and along strike from the gold intercept in hole RC 8 and beneath the peak gold-in-soil anomalies. Pervasive chlorite and epidote alteration with disseminated magnetite is regularly observed. A minor pyrite-chalcopyrite (copper sulphide) vein was seen in a small 5cm interval at 387m down-hole. Preliminary geological observations from hole 20JNDD003 now indicates that the 2km long magnetic
anomaly at Nangus Road is associated with porphyry copper-gold style alteration within an intrusive monzonite similar to the Ordovician Cu-Au Cooba Monzonite to the north. Detailed petrology and geochemical sampling of 20JNDD003 is now in progress. Once complete, the Company can plan the best way to map the broader alteration zone and potential copper-gold mineralisation associated with the Nangus Road Monzonite. Diamond drilling of the Nangus Road magnetic anomaly is partly funded by a New Frontiers Cooperative Drilling program grant awarded by the NSW Government to the company. The diamond rig has relocated to the Riversdale North Prospect where it is targeting an IP chargeability anomaly that lies beneath an area where previous mapping and rock chip sampling returned scattered occurrences of oxidised copper mineralisation associated with alteration within volcanic rocks. The drilling is expected to take approximately a week to complete, with subsequent assay results expected by mid December. Tillkännagivande • Oct 08
DevEx Resources Announces Preliminary Data of Airborne Electromagnetic Survey at Its Sovereign Project in Western Australia DevEx Resources Limited announced that preliminary data from a recently completed airborne electromagnetic survey at its Sovereign Project in Western Australia has defined several highly encouraging, late-time conductors up to 1km in length, associated with the 6 x 7km Sovereign Magnetic Complex. Importantly, the series of AEM conductors identified at the Kingsley, Mackenzie and Hudson Prospects appear only in the late-time channels, supporting the likelihood of a series of buried bedrock conductors associated with the Sovereign Magnetic Complex. The Sovereign Project is strategically located to the north of Chalice's Julimar Project and south of Cassini Resources Limited's Yarrawindah Brook Project. A recent AEM survey by Chalice has identified additional AEM conductors continuing north of the Gonneville Ni-Cu-PGE discovery at Hartog, Baudin, and Jansz and just 20km south of the Sovereign Project. The AEM survey was flown on 200m spaced east-west flight lines and focused on the large-scale Sovereign Magnetic Complex, where previous exploration results generated by the company has indicated the potential for underlying mafic-ultramafic rocks similar to the Julimar Complex. These included re-assaying of historical bauxite (duricrust) drilling and surface duricrust rock chip sampling conducted by the Company, which returned individual assays of up to 1,210ppm nickel (Ni), 395ppm copper (Cu), 6,830ppm chromium (Cr) and 83ppb palladium + platinum (Pd+Pt). A recent ground gravity survey further supports this interpretation, with broad gravity highs equally mapping the Sovereign Magnetic Complex. The new AEM survey provides, for the first time, the ability to "see below" this extensive duricrust development and identify potential bedrock conductors which could be indicative of massive sulphides associated with nickel-copper-PGE mineralisation. While EM conductors may also be caused by graphitic sediments and saline groundwater, the company considers their discrete association with supporting geochemical, magnetic and newly surveyed gravity anomalies to be very encouraging for the potential to discover significant Ni-Cu-PGE mineralisation within the Sovereign Project. The final, processed AEM data (pending) will be used to plan ground-based moving loop electromagnetic surveys over the Kingsley, Mackenzie and Hudson Prospect areas. It is anticipated that the ground MLEM data will provide better delineation of the position of the most favourable potential bedrock conductors, which will then lead into subsequent Reverse Circulation/diamond drilling in late 2020. Tillkännagivande • Oct 07
DevEx Resources Limited Provides Update on Basin Creek and Junee Projects DevEx Resources advised that preliminary drilling at the Main Ridge Prospect, located within its Basin Creek Project in NSW, is nearing completion with a total of 14 Reverse Circulation and diamond holes completed to date as an initial reconnaissance test of the +3.5km long Main Ridge Prospect. Initial assay results have been received so far for five holes in the northern area (RC 1-4 and 6), two of which intersected narrow zones of gold mineralisation within zones of narrow, highly altered porphyritic felsic rocks. Assays are currently pending for a further eight drill holes (with hole DDH4 still drilling) in the central and southern areas. Within these remaining holes, geological observations from both the diamond core and RC drill chips have identified broad zones of silica-sericite-pyrite +/- potassic alteration together with quartz sulphide (pyrite, galena and chalcopyrite) stockwork veins of various orientations and intensity. The felsic volcanic sequence, which includes both porphyritic and fragmental rocks, appears to be thickening to the south, and these rocks are more hydrothermally altered compared to those in the north where drilling commenced. A second phase of drilling will be determined once all assay results have been received, and a full geological evaluation is completed. In addition to the Basin Creek Project, drilling is now underway at the nearby Junee Project, targeting porphyry copper-gold style mineralisation within the Riversdale North, Billabong Creek and Nangus Road Prospects (see ASX announcement 3rd March 2020). At the Billabong Creek Prospect, diamond drilling (hole JNDD2) has tested the Induced Polarization (IP) chargeability anomaly associated with a coincident magnetic/gravity low. Early geological observations show a dark silicified, very fine grained sediment with fine pyrite in stringer veins, quartz epidote veins and narrow fractures. The drill core is currently being logged and sampled. At Riversdale North, RC/diamond drilling has commenced and is targeting an IP chargeability anomaly that lies beneath an area where previous mapping and rock chip sampling returned scattered occurrences of oxidised copper mineralisation associated with alteration within volcanic rocks. Drilling is in progress. The diamond drill rig has commenced drilling the Nangus Road Prospect, where a broad magnetic anomaly, similar in size and amplitude to the Cooba Cu-Au bearing Monzonite to the north of the Project, is modelled beneath transported sediments. Diamond drilling of the Nangus Road magnetic anomaly is partly funded by a New Frontiers Cooperative Drilling program grant awarded by the NSW Government to the company. Next Steps: Complete diamond drilling (hole DDH4) at the Main Ridge Prospect (Basin Creek), geological; logging and drill-hole sampling; Review assay results from the remaining eight holes at Main Ridge in conjunction with geological and structural observations to determine areas for follow-up; Continue drilling at Junee Project and await assay results. Is New 90 Day High Low • Sep 29
New 90-day high: AU$0.34 The company is up 196% from its price of AU$0.12 on 01 July 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 9.0% over the same period. Tillkännagivande • Sep 08
DevEx Resources Limited announced that it has received AUD 5.569077 million in funding On September 8, 2020, DevEx Resources Limited (ASX:DEV) closed the transaction. On the same date, the company has issued 8,100,000 shares for gross proceeds of AUD 810,000 in its second tranche closing. Tillkännagivande • Jul 08
DevEx Resources Limited announced that it expects to receive AUD 5.569077 million in funding DevEx Resources Limited (ASX:DEV) announced that it has received a firm commitment for private placement of 55,690,767 common share at a price of AUD 0.1 per share for gross proceeds of AUD 5,569,076.7 on July 8, 2020. The transaction will include participation from sophisticated and professional investors. The company will issue 47,590,767 shares for AUD 4,759,076.7 in first tranche and 8,100,000 shares for AUD 810,000 in second tranche to company’s director and associates. First tranche is expected to close on July 14, 2020, with allotment to occur on July 15, 2020, and second tranche will be settled and allotted in early September 2020. The second tranche is subject to obtaining shareholder approval at a general meeting currently scheduled on August 31, 2020.