# DEV: Continuing to Advance DevEx's Target Rich Pipeline Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/dev-continuing-to-advance-devex-s-target-rich-pipeline--64db6660-4e89-4e83-b8bc-c03e93fc3416 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03148601 Publisher: asx Original announcement: 2026-10-05T21:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-05T22:29:02.097Z Atlas analysis updated: 2026-10-05T22:29:02.097Z - Company: DevEx Resources Limited - Ticker: DEV - Exchange: ASX - Region: Northern Territory - Primary commodity: Uranium - Secondary commodities: None reported - Document categories: Drill results, Permitting - Extracted: 2026-10-05 22:29:02 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary DevEx Resources reported new high-grade uranium equivalent intercepts from first-pass RC drilling at its Nabarlek North project in the Northern Territory. Results include 2.3m at 0.09% eU3O8 from 184m, including 0.8m at 0.14% eU3O8, and 1.7m at 0.11% eU3O8 from 168.8m. These results, derived from downhole gamma readings with laboratory assays pending, significantly exceed prior project averages and best grade-thickness values, indicating potential for a Nabarlek-type deposit in a historically underexplored area. The company is also progressing tenement applications and has identified new targets from a hyperspectral survey. Reasoning: DevEx Resources reported new high-grade uranium equivalent intercepts from first-pass RC drilling at Nabarlek North, with results significantly exceeding prior project averages and best grade-thickness values. The drilling identified mineralization in a historically underexplored area, and a new hyperspectral survey identified additional targets, indicating strong exploration potential. However, the grades are eU3O8 and true widths are not yet determined, introducing some uncertainty. - Positive factor: High-grade uranium equivalent intercepts significantly exceeding prior project averages and best grade-thickness values - Positive factor: Discovery of uranium mineralization in a historically underexplored area within the Nabarlek Fault Corridor - Positive factor: Identification of new follow-up targets through hyperspectral survey, indicating further exploration potential - Positive factor: Disclosure of comprehensive QA/QC procedures and Competent Person sign-off - Negative factor: Grades are reported as equivalent uranium \(eU3O8\) from downhole gamma readings, with laboratory assays pending - Negative factor: True widths of intercepts are yet to be determined, implying reported lengths are downhole only - Negative factor: First-pass drilling implies early stage of exploration, requiring further confirmation Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 3 ## Classification and evidence **High-Grade Intercept** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The reported intercepts of 0.09% eU3O8 over 2.3m \(including 0.14% eU3O8 over 0.8m\) and 0.11% eU3O8 over 1.7m are significantly higher than the project's historical average grade of 0.0247% and best grade-thickness values. Evidence · text > 1.7m @ 1,116ppm uranium equivalent \(eU₃O₈\)1 from 168.8 metres down-hole \(RC13\) and 2.3m @ 920ppm eU₃O₈ from 184 metres, including 0.8m @ 1,361ppm eU₃O₈ \(RC12\) **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: First-pass drilling targeted an area where historical drilling was 'far too broad to find a Nabarlek-type deposit', indicating an extension of exploration into a new, underexplored zone. Evidence · text > historical drilling was far too broad to find a Nabarlek-type deposit **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a detailed JORC Table 1 outlining sampling techniques, sample recovery, logging, sub-sampling, and quality control procedures, including the use of certified reference materials, blanks, duplicates, and cross-checking with pXRF. Evidence · text > Certified reference materials \(OREAS 100A, OREAS 102 A, OREAS 30A, OREAS 521\) are inserted into the sample run at a ratio of 1:25 samples for diamond and RC drilling. Blanks and duplicates are inserted into the sample run to a ratio of 1:40. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The reported intervals are explicitly stated as downhole lengths, with true widths yet to be determined. Evidence · text > Interval lengths are rounded to the nearest 0.1m and are reported down holes lengths as true widths are yet to be determined. **Cut-off Disclosed** Polarity: positive Story-specific tag Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The release clearly states the lower cut-off grade of 0.05% eU3O8 \(and 0.1% for included intervals\) and maximum internal dilution of 2m used for reporting intercepts. Evidence · text > Intercepts reported use a 0.05% eU3O8 lower cut-off grade and a maximum internal dilution of 2m unless noted otherwise. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### NAR26012 [Link to this fact](https://atlas-staging.minestarters.com/news/dev-continuing-to-advance-devex-s-target-rich-pipeline--64db6660-4e89-4e83-b8bc-c03e93fc3416#fact-drill-facts-0) Nabarlek North · uranium #### Identity - Hole ID: NAR26012 - Project: Nabarlek North - Commodity: uranium - Region: australia\_nt - Reported Region: australia\_nt - Ticker: DEV #### Geometry - Grade: 0.09 - Grade Unit: % - Intercept: 2.3 m - From: 184 m - To: 186.3 m - Hole Depth: 306 m - Intercept Depth: 184 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NAR26012:184-186.3 - Mining Method: unknown #### Location - Easting: 314844 - Northing: 8639602 - CRS: MGA94 Zone 53 Grid - EPSG: 28353 - Elevation: 88 m - Azimuth: 35 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.05 - Cutoff Unit: % eU3O8 - Dilution Disclosed: Yes - Max Dilution: 2 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: This intercept represents a high-grade uranium equivalent result from first-pass drilling in a previously underexplored area, significantly exceeding prior project averages. However, it is an eU3O8 grade with assays pending, and true width is unknown. - Positive factor: High-grade uranium equivalent intercept relative to project history - Positive factor: New discovery in a historically underexplored area - Positive factor: Comprehensive QA/QC disclosure - Negative factor: Equivalent grade \(eU3O8\) with lab assays pending - Negative factor: True width not determined - Negative factor: Early stage exploration Evidence · table > 0.09 Context: 2.3 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "- KP: drilling has passed through approximately 100 metres of sandstone cover into strongly altered chlorite-haematite b" ### NAR26012 [Link to this fact](https://atlas-staging.minestarters.com/news/dev-continuing-to-advance-devex-s-target-rich-pipeline--64db6660-4e89-4e83-b8bc-c03e93fc3416#fact-drill-facts-1) Nabarlek North · uranium #### Identity - Hole ID: NAR26012 - Project: Nabarlek North - Commodity: uranium - Region: australia\_nt - Reported Region: australia\_nt - Ticker: DEV #### Geometry - Grade: 0.14 - Grade Unit: % - Intercept: 0.8 m - From: 184 m - To: 184.8 m - Hole Depth: 306 m - Intercept Depth: 184 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NAR26012:184-184.8 - Mining Method: unknown #### Location - Easting: 314844 - Northing: 8639602 - CRS: MGA94 Zone 53 Grid - EPSG: 28353 - Elevation: 88 m - Azimuth: 35 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.1 - Cutoff Unit: % eU3O8 - Dilution Disclosed: Yes - Max Dilution: 2 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: This included intercept represents a very high-grade uranium equivalent result, significantly enhancing the overall intercept's value and exceeding prior project bests. However, it is an eU3O8 grade with assays pending, and true width is unknown. - Positive factor: Very high-grade uranium equivalent sub-intercept relative to project history and rubrics - Positive factor: New discovery in a historically underexplored area - Positive factor: Comprehensive QA/QC disclosure - Negative factor: Equivalent grade \(eU3O8\) with lab assays pending - Negative factor: True width not determined - Negative factor: Early stage exploration Evidence · table > 0.14 Context: 0.8 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "- KP: drilling has passed through approximately 100 metres of sandstone cover into strongly altered chlorite-haematite b" ### NAR26013 [Link to this fact](https://atlas-staging.minestarters.com/news/dev-continuing-to-advance-devex-s-target-rich-pipeline--64db6660-4e89-4e83-b8bc-c03e93fc3416#fact-drill-facts-2) Nabarlek North · uranium #### Identity - Hole ID: NAR26013 - Project: Nabarlek North - Commodity: uranium - Region: australia\_nt - Reported Region: australia\_nt - Ticker: DEV #### Geometry - Grade: 0.11 - Grade Unit: % - Intercept: 1.7 m - From: 168.8 m - To: 170.5 m - Hole Depth: 342 m - Intercept Depth: 168.8 m #### Classification - Deposit Type: other - Program: exploration - Sample Type: drill - Group ID: NAR26013:168.8-170.5 - Mining Method: unknown #### Location - Easting: 315009 - Northing: 8639754 - CRS: MGA94 Zone 53 Grid - EPSG: 28353 - Elevation: 84 m - Azimuth: 215 ° - Dip: -60 ° - Loc. Confidence: high - Loc. Source: document #### QA/QC - Laboratory: Intertek - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Compositing - Cutoff Grade: 0.05 - Cutoff Unit: % eU3O8 - Dilution Disclosed: Yes - Max Dilution: 2 m #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-05T00:00:00.000Z Reasoning: This intercept represents a high-grade uranium equivalent result from first-pass drilling in a previously underexplored area, significantly exceeding prior project averages. However, it is an eU3O8 grade with assays pending, and true width is unknown. - Positive factor: High-grade uranium equivalent intercept relative to project history - Positive factor: New discovery in a historically underexplored area - Positive factor: Comprehensive QA/QC disclosure - Negative factor: Equivalent grade \(eU3O8\) with lab assays pending - Negative factor: True width not determined - Negative factor: Early stage exploration Evidence · table > 0.11 Context: 1.7 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Compositing Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "- KP: drilling has passed through approximately 100 metres of sandstone cover into strongly altered chlorite-haematite b" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.