DevEx Resources (ASX:DEV) - Managing Director, Brendan Bradley
Managing Director, Brendan Bradley
Source: Boardroom Media
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • DevEx (DEV) is the latest company to look at securing its own stake in the region surrounding Chalice Gold Mine’s recent Julimar discovery
  • Chalice made a significant nickel-copper-PGE discovery at Julimar, 70 kilometres northeast of Perth, prompting many others to focus on the region
  • DevEx has now lodged three exploration licence applications covering area within the Julimar Complex and containing magnetic anomalies
  • Shares in DevEx are trading 14.9 per cent higher at 10 cents each

DevEx (DEV) is the latest company to look at securing its own stake in the region near Chalice Gold Mine’s recent Julimar discovery.

Diamond core drilling conducted by Chalice Gold at Julimar, roughly 70 kilometres northeast of Perth, saw the company make a significant nickel-copper-PGE discovery in March.

This was followed by RC results from the project, prompting company shares to soar.

Just last week, Mandrake Resources signed an agreement with Andean Energy to farm-in to its Jimperding Project, within the same metamorphic belt as Chalice’s Julimar discovery.

DevEx has also set its sights on the exploration hot-spot and has lodged three Exploration Licence Applications for four tenements within Julimar Complex.

These tenements cover a combined 564 square kilometres and contain magnetic anomalies.

While awaiting the outcome of the applications, DevEx is reviewing magnetic data on the regional and open data sets covering the application ground.

This will inform focused field exploration when the licences are granted and land access is secured.

Shares in DevEx are trading 14.9 per cent higher at 10 cents per share at 1:38 pm AEST.

DEV by the numbers
More From The Market Herald
The Market Herald Video

" Renascor Resources (ASX:RNU) upgrades Siviour MRE

Renascor Resources (ASX:RNU) has upgraded the mineral resource estimate for its Siviour graphite deposit in South…
The Market Herald Video

" Gold Road Resources (ASX:GOR) to snap up further interest in De Grey (ASX:DEG)

Gold Road Resources (ASX:GOR) agrees to snap up further interest in De Grey Mining (ASX:DEG) shares.
The Market Herald Video

" Dateline Resources (ASX:DTR) eyes $6.25m for Colosseum

Dateline Resources (ASX:DTR) has received firm commitments to raise $6.25 million via a share placement.
The Market Herald Video

" Mt Monger Resources (ASX:MTM) intersects broad REE mineralisation at Pt Kidman

Mt Monger Resources (ASX:MTM) has intersected broad rare earth element (REE) mineralisation at the Pt Kidman…