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DevEx Resources Ltd ( (AU:DEV) ) just unveiled an update.
DevEx Resources has identified multiple new kilometre-scale, multi-element soil anomalies at its Murphy West Uranium Project in the Northern Territory, using ongoing surface geochemical sampling over priority radiometric uranium targets. These anomalies exhibit geochemical signatures similar to those at Laramide Resources’ Junnagunna deposit at Westmoreland and coincide with key structural features, strengthening the exploration model along the southern margin of the McArthur Basin.
The company has now ranked five radiometric targets at Areas A, B, G, H and I as drill-ready and is preparing permit applications for a multi-target, shallow drilling campaign in the 2026 field season across Murphy West and Nabarlek. With uranium recently added to the Northern Territory’s critical minerals list and over 700 million pounds of uranium already defined in the broader McArthur Basin, the new anomalies reinforce DevEx’s strategic positioning in a highly prospective uranium region and signal a transition toward more intensive drilling-led exploration.
The most recent analyst rating on (AU:DEV) stock is a Sell with a A$0.18 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 is an Australian-listed mineral exploration company focused on uranium projects in the Northern Territory, including the Murphy West and more advanced Nabarlek projects on the margins of the McArthur Basin. The company targets large-scale unconformity-type uranium deposits in one of Australia’s most prospective uranium provinces.
YTD Price Performance: 14.29%
Average Trading Volume: 1,456,133
Technical Sentiment Signal: Hold
Current Market Cap: A$142M
For detailed information about DEV stock, go to TipRanks’ Stock Analysis page.