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DevEx Resources (DEV) investor relations material
DevEx Resources Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Advanced exploration at Nabarlek Uranium Project with ground-based gravity surveys and geochemical sampling to refine drill targets for high-grade uranium in 2026.
Murphy West Uranium Project progressed with surface geochemistry, identifying kilometre-scale multi-element anomalies and preparing for a multi-target drill program in 2026.
Kennedy Rare Earth Project advanced with bulk sample column leach test work to assess low-cost REE extraction viability.
Jimblebar Copper-Nickel Project completed SQUID electromagnetic survey, with results under review.
Financial highlights
Exploration and evaluation expenditure for the quarter was $1,917,832; administration costs totaled $570,229.
Net cash used in operating activities was $2,403,000 for the quarter.
Cash and cash equivalents at quarter-end were $3,263,000, down from $7,119,000 in the previous quarter.
Outlook and guidance
Drilling at Nabarlek, Big Radon, KP, Sandfire, and Spitfire Prospects planned for the 2026 field season, pending final heritage and regulatory approvals.
Murphy West Project to expand surface sampling and commence drilling in April 2026.
Operating cashflows expected to decrease in the next quarter due to the wet season, reducing exploration activities.
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