Orpheus Uranium has identified a new uranium exploration target at its McArthur project in the Northern Territory following high-grade surface rock chip assays. Samples returned uranium oxide grades up to 4.1%, with a radioactive anomaly mapped extending approximately 60m along strike.
Orpheus Uranium Limited announced high-grade uranium rock chip samples, up to 4.1% U3O8, from its inaugural reconnaissance program at the Conways tenement within the McArthur Project, Northern Territory. These early results, which also included elevated copper grades, represent a new discovery in an underexplored area and are spatially associated with distinct geophysical anomalies. The company is continuing fieldwork and awaiting additional geochemical analysis results to further define the system.
DevEx Resources Limited presented an investor update in October 2026, outlining its strategy to become a significant uranium producer. The presentation highlighted the positive market outlook for uranium and the company's focus on its Nabarlek Project in the Northern Territory, where it aims to find, build, and operate within a world-class mining region. The company also emphasized its disciplined M&A approach and strong stakeholder relationships, while re-presenting historical drill intercepts from the Nabarlek North project.
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.
DevEx Resources Limited's 2026 Annual Report highlights a strategic focus on uranium exploration, consolidating a dominant land position in Australia's Alligator Rivers Uranium Province. The company successfully completed a $38.9 million capital raise, strengthening its balance sheet to fund expanded exploration. Ongoing drilling at Nabarlek and Murphy West has yielded early encouraging results, while the Kennedy Rare Earth Element Project's resource estimate remains unchanged.
