Location
Westmoreland Uranium Province, Northern Territory |
Earn-in agreement
The Murphy West Uranium Project covers ~10,000km² in the Westmoreland Uranium Province on the south-eastern margin of the McArthur Basin — one of the world’s most prospective uranium areas, with over 700 million pounds of uranium identified (in mined and unmined deposits, including the nearby Westmoreland deposit).
Exploration
An extensive airborne radiometric and magnetic survey has been completed, identifying multiple large-scale uranium anomalies up to 2km in length.
A surface geochemistry program is underway, targeting the highest-priority radiometric anomalies to guide drill targeting.
Preliminary interpretation points to both unconformity-type systems (proximal to the McArthur Basin unconformity) and Westmoreland-type systems (along faulted offsets in the Westmoreland Conglomerate).
Targets are untested by previous explorers despite the favourable geological setting and scale.
Next steps will include a maiden drilling campaign in 2026 targeting the highest-priority anomalies.
Next Steps
These unexplored anomalies, located west of Laramide Resources’ Westmoreland uranium deposits, represent exciting exploration targets, particularly given the role played by radiometric surveys in discovering the Westmoreland deposits.
Field investigation to test these high-priority uranium targets, with first pass surface geochemistry and geological reconnaissance is underway.
View our latest Investor Presentation or ASX Announcements for the most up to date news.
Earn-In Agreement
DevEx has entered into three separate earn-in agreements:
- Under an agreement with Trek Minerals Limited (ASX: TKM), DevEx has the right to earn an 80% interest in all minerals on the Trek ground;
- Under an agreement with privately owned GSW Minerals Pty Ltd (GSW), DevEx has the right to earn up to a 75% in all minerals on the GSW ground;
- Under an agreement with privately owned Transition Minerals Limited (Transition), DevEx has the right to earn up to a 75% interest in the uranium mineral rights over the Transition ground.
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