Earnings release
Page 1
> X DevEx RESOURCES ASX ANNOUNCEMENT ASX : DEV | ACN : 009 799 553 HIGHLIGHTS 28th October 2021 Activities Report for the Quarter Ended 30th September 2021 Sovereign Nickel - Copper - PGE Project , WA ( Earn - In and 100 % Tenement ) An extensive differentiated mafic - ultramafic intrusion was defined by air - core ( AC ) drilling , extending over a strike length of 12km . The Sovereign intrusion is interpreted to be flat - lying , with geology consistent with the upper portion of the Julimar mafic - ultramafic intrusion , as seen on the western edge of Chalice Mining's Gonneville intrusion . An extensive ground - based electromagnetic ( EM ) survey commenced subsequent to Quarter - end to test for massive sulphide nickel - copper - PGE ( Ni - Cu - PGE ) mineralisation . Stratigraphic diamond drilling also commenced subsequent to Quarter - end to test the geometry and extent of the underlying ultramafic rocks within the larger intrusion . Junee Copper - Gold Project , NSW ( 100 % ) • • Preparations are well underway to drill the Nangus Road copper - gold ( Cu - Au ) prospect , with two drill rigs contracted and expected to arrive at the end of October . A combination of ~ 16,000m of Reverse Circulation ( RC ) / diamond and AC drilling is planned to test a shallow , 2km long bedrock anomaly with gold ( Au ) and copper ( Cu ) grades of up to 3.5g / t Au and 1,410ppm Cu identified from broad - spaced drilling . The drilling will also test several induced polarisation ( IP ) anomalies identified beneath this extensive bedrock anomaly to evaluate the potential for porphyry Cu - Au mineralisation . Nabarlek Uranium Project , NT ( Earn - In and 100 % ) DevEx's extensive tenement package , situated in the heart of the world - class Alligator Rivers Uranium Province ( ARUP ) , is centred on and includes the former Nabarlek Uranium Mine ( past production of 24Mlbs at 1.84 % U³08 ) . Multiple new uranium ( U308 ) , copper and gold exploration targets surrounding the historical Nabarlek Uranium Mine were identified as part of a technical review of the exploration opportunity at the Company's Nabarlek Uranium Project . An extensive exploration program , including drilling , is planned to take place in the coming 12 months over multiple prospects . Wilga Downs Gold - Base Metal Project , NSW ( 80 % and 100 % Tenements ) • Diamond drilling tested two off - hole electromagnetic conductors , intersecting massive pyrrhotite with associated disseminated base metal mineralisation . Corporate DevEx remains well - funded to continue its multi - pronged exploration programs in WA , NSW and the NT with $ 13.98M in cash at Quarter - end . www.devexresources.com.au T : +61 ( 0 ) 8 6186 9490 F : +61 ( 0 ) 8 6186 9495 E : info@devexresources.com.au DevEx Resources Limited Level 3 , 1292 Hay Street , West Perth WA 6005 , Australia PO Box 434 West Perth WA 6872