DevEx Resources Ltd (AU:DEV) has released an update.
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DevEx Resources Ltd has reported significant advancements in the extraction of valuable rare earth elements from their Kennedy Deposit in Queensland, with leach tests showing up to 73% recovery of magnet rare earths like Praseodymium, Neodymium, Dysprosium, and Terbium. These results, which were achieved rapidly in weak acidic conditions, pave the way for more targeted bulk sampling and potential flowsheet development. The company’s successful extraction process, supported by the Queensland Government’s grant, indicates promising commercial potential for the resource.
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