DevEx Resources (ASX:DEV) has secured an additional $150,000 in Northern Territory Government funding ahead of a major 2026 drilling campaign at its Nabarlek Uranium Project.
The grant will support a 1,700km² airborne hyperspectral survey scheduled for August, which will provide a regional dataset to help identify key uranium targets across DevEx’s Nabarlek and Alligator Rivers assets.
The company says this brings total government funding under the ‘Resourcing the Territory’ program to $285,000.
This recent grant follows the Northern Territory Government’s recent addition of uranium to its critical minerals list.
On-site preparations are underway for a 17,000m reverse circulation and diamond drilling campaign.
The program will target ‘high-priority’ exploration opportunities, including the Big Radon, KP, Sandfire, and Nabarlek North prospects, with the first drill rig scheduled to arrive in the second week of July.
Meanwhile, DevEx says the acquisition of Alligator Rivers tenements remains on track for completion this month (June 2026).
The Nabarlek project is located within the Alligator Rivers Uranium Province, a region that hosts the historic Nabarlek Mine and Ranger deposit.
DevEx Resources is a uranium explorer focused on its Nabarlek and Murphy West projects in Australia’s Northern Territory.
Write to Paula Fabe at Mining.com.au
Images: DevEx Resources
