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DevEx Resources Ltd ( (AU:DEV) ) has provided an announcement.
DevEx Resources has released an investor presentation positioning the company for growth in a recovering uranium market, highlighting a series of recent exploration results and targets across its Nabarlek and Murphy West uranium projects as well as an inferred mineral resource and ongoing metallurgical advances at its Kennedy rare earths project. The company reiterates that several key resource estimates, including the Caramal uranium mineral resource and Kennedy rare earths resource, are based on historical or prior technical work and have not yet been updated under the latest reporting standards, underscoring both the potential scale of its asset base and the need for further evaluation and exploration before these resources can be fully recognised and leveraged by investors and stakeholders.
The most recent analyst rating on (AU:DEV) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on DevEx Resources Ltd stock, see the AU:DEV Stock Forecast page.
More about DevEx Resources Ltd
DevEx Resources Ltd is an Australian exploration company focused on uranium and rare earths, with key projects including the Nabarlek Uranium Project and Murphy West Project in the Northern Territory and the Kennedy ionic clay-hosted rare earths project in Queensland. The company’s activities centre on identifying and advancing high-potential mineral resources in sectors positioned to benefit from growing demand for nuclear energy and critical minerals.
YTD Price Performance: 8.57%
Average Trading Volume: 1,409,761
Technical Sentiment Signal: Hold
Current Market Cap: A$114M
For an in-depth examination of DEV stock, go to TipRanks’ Overview page.