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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
DevEx Resources
DevEx Resources (DEV) investor relations material
DevEx Resources Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary27 Oct, 2026
Executive summary
2026 first-pass drilling completed across four Nabarlek targets: 40 holes for 11,050m, with uranium intersections at Nabarlek North and Big Radon and strong alteration at KP.
Exploration focus is moving to target refinement for 2027; quarter-end cash was $21.7m, supplemented by listed and unlisted investments.
Financial highlights
Exploration and evaluation expenditure was $5.055m for the quarter; administration costs, including staff, were $568,026.
Cash and cash equivalents were $21.698m at 30 September 2026, versus $27.171m at quarter start; cash from operations was negative $5.290m.
Interest received was $336,000; investing cash outflow was $152,000 and financing cash outflow was $31,000.
A 21.63% Lachlan Star holding had a market value of $8.8m at quarter end; an additional 4.04% interest was held in unlisted entX.
Outlook and guidance
Results and datasets are being analysed to prioritise higher-probability drill targets for the 2027 campaign.
Hyperspectral survey results will guide priority field mapping and pathfinder sampling before drill targeting; broader survey review is continuing.
Access to Mustang and Junction targets is anticipated over the next 12 to 18 months, following completed anthropological surveys and negotiations on access agreements.
Murphy West drilling is subject to approval; Caramal drill permit applications remain awaiting approval.
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Latest events from DevEx Resources
- Nabarlek exploration and a widening uranium deficit underpin a >10Mlb annual production ambition.DEV
Investor presentation - Raised $38.9M, expanded uranium assets, and ended FY26 with $27.2M cash despite higher net loss.DEVH2 2026
- Advancing high-grade uranium exploration in a world-class province with strong funding and leadership.DEVInvestor presentation
- Targeting high-grade uranium growth in the NT with strong funding, strategy, and partnerships.DEVInvestor presentation
- Refocused on uranium, the team is advancing exploration in the NT to meet rising global demand.DEVDiggers & Dealers Mining Forum 2026
- Four drill-ready uranium targets, $27.2M cash, and major drilling underway after key acquisition.DEVQ4 2026 TU
- High-grade uranium exploration and M&A target global supply shortfall.DEVNoosa Mining Conference 2026
- Gold and copper are set for strong performance, with lithium and silver poised for recovery.DEVRRS Summer Series Melbourne
- Advancing high-grade uranium and rare earth projects in Australia amid rising clean energy demand.DEVAGM 2024 Presentation
Next DevEx Resources earnings date
H1 20278 Mar, 2027
DevEx Resources
Next DevEx Resources earnings date
H1 20278 Mar, 2027
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Frequently asked questions
DevEx Resources Limited is an Australian mineral exploration company focused on discovering and developing a portfolio of resources, including copper, gold, uranium, and other base metals. The company operates exploration projects across Australia, with a concentration on regions with significant mineralization potential. DevEx conducts geological surveys, drilling, and analysis to assess and expand its resource base, aiming to contribute to the supply of key materials for various industrial applications, including renewable energy and electronics. The company is headquartered in West Perth, Australia, and its shares are listed on the ASX.