DevEx Positions Itself as a New Force in Uranium

July 2026 | Northern Territory - DevEx Resources has outlined its strategy to become a significant uranium exploration and development company, with a focus on its expanded Nabarlek Project in the Northern Territory.

The company said it is “laser focused on uranium” and positioned to benefit from a growing global uranium supply shortfall. DevEx’s strategy is built around three pillars: discovery through exploration, growth through transactions and early partnerships with Traditional Owners, communities, regulators and industry groups.

A key focus is the Nabarlek Project in the North-West McArthur Basin, a region that hosts some of Australia’s most important uranium deposits. DevEx said recent acquisitions have consolidated a basin-scale opportunity centred on the historical Nabarlek Mine, which it describes as Australia’s highest-grade uranium mine, with historical production of 24Mlbs at 1.84% U3O8.

Why it matters: DevEx is targeting high-grade unconformity-style uranium systems, a deposit style associated with some of the world’s largest and highest-grade uranium deposits. The company said the McArthur Basin and Canada’s Athabasca Basin are the two global regions where giant high-grade unconformity-type uranium deposits are found.

DevEx has identified a strategic pipeline of uranium targets across its Northern Territory ground. Drill-ready targets include Sandfire, Big Radon, KP and Nabarlek North, with 15,000m of RC and diamond drilling planned to test Sandfire, Big Radon and KP.

At Sandfire, DevEx is targeting the Angularli Fault Corridor, south-east of Deep Yellow’s Angularli Deposit. The company said Sandfire is a highly prospective and underexplored area, with ground gravity, magnetic features and surface geochemical results helping define focused drill targets.

The company is also advancing targets around the historical Nabarlek Mine, including Big Radon and KP, where large radon track etch anomalies and alteration footprints have been identified. DevEx said NT Government co-funding has been secured to support initial drilling at Big Radon and KP.

Further field work is underway in the Caramal region, where historical drilling has identified Jabiluka-type stratigraphy hosting high-grade uranium mineralisation. Recent mapping and rock-chip sampling at Orion East confirmed high-grade uranium in fault breccias ranging from 2.1% to 0.3% U3O8.

For Australia’s uranium sector, DevEx’s update highlights renewed momentum in the Northern Territory, with the company combining a large land position, drill-ready targets, stakeholder engagement and a clear strategy aimed at discovery and future growth.

Source: DevEx Resources investor presentation, “A New Force in Uranium”, July 2026.