DevEx Resources Secures AUD 150,000 from Northern Territory Government for Nabarlek Uranium Exploration
2026-06-23 13:43
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en.Wedoany.com Reported - DevEx Resources (ASX:DEV) has secured an additional AUD 150,000 grant from the Northern Territory Government for its Nabarlek uranium project, with the funds to be deployed ahead of a major drilling campaign in 2026.

The funding will support a 1,700-square-kilometer airborne hyperspectral survey planned for August 2026. The regional dataset obtained will help the company identify key uranium targets within the Nabarlek and Alligator Rivers assets.

With this latest grant, the company's total government funding through the "Resourcing the Territory" program has reached AUD 285,000.

The Northern Territory Government recently added uranium to its critical minerals list, providing policy support for this exploration.

Site preparation has commenced in coordination with the upcoming drilling program. The drilling campaign totals 17,000 meters, encompassing both reverse circulation and diamond drilling methods.

Drilling will target high-priority prospects including Big Radon, KP, Sandfire, and Nabarlek North, with the first rig scheduled to arrive in the second week of July 2026.

DevEx also stated that the acquisition of the Alligator Rivers tenements remains on track for completion by June 2026.

The Nabarlek project is located in the Alligator Rivers uranium district, an area renowned for the historically operated Nabarlek mine and the Ranger deposit.

DevEx Resources is a uranium exploration company focused on its Nabarlek and Murphy West projects in the Northern Territory.

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