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The latest announcement is out from DevEx Resources Ltd ( (AU:DEV) ).
DevEx Resources Limited has announced significant advancements in the metallurgical processing of its Kennedy Rare Earths Deposit in Queensland. Recent column leach tests have shown promising results, with high recoveries of critical magnet rare earths and low acid consumption, suggesting a viable heap leach processing option. These findings enhance the potential for efficient extraction of valuable rare earth elements, positioning Kennedy favorably compared to other REE deposits in Australia. The results are expected to support further assessments and could have positive implications for stakeholders by improving operational efficiency and resource utilization.
More about DevEx Resources Ltd
DevEx Resources Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth elements (REEs). The company is particularly involved in projects such as the Kennedy Ionic Adsorption Clay-Hosted REE Project in Queensland, Australia, which targets the extraction of critical rare earth elements.
YTD Price Performance: 48.94%
Average Trading Volume: 775,473
Technical Sentiment Signal: Hold
Current Market Cap: A$61.84M
Learn more about DEV stock on TipRanks’ Stock Analysis page.