DevEx Resources Ltd (AU:DEV) has released an update.
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DevEx Resources Ltd has reported promising results from their drilling campaign at the historic Nabarlek Uranium Mine area, with significant uranium mineralization found. High-grade intercepts at Nabarlek North and a newly identified steep fault breccia at U40 highlight the company’s potential for substantial discoveries. Additionally, the company has a healthy cash position with $16.8 million reported at the end of the quarter.
For further insights into AU:DEV stock, check out TipRanks’ Stock Analysis page.