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DevEx Resources (DEV) investor relations material
DevEx Resources RRS Gold Coast 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market outlook and industry trends
Uranium demand is forecast to significantly outpace supply by 2040, with a gap potentially widening up to 200%, driving prices to a 16-year high in 2024.
Spot uranium prices have rebounded to $75–$76/lb, with term contracts at $85/lb and expectations for sustained prices above $100/lb.
Global nuclear power capacity is set to triple by 2040, with 438 reactors operating, 62 under construction, and 87 in planning.
Nuclear energy is positioned as a safe, scalable, and clean energy source, with 32 countries currently utilizing it.
Uranium mining is permitted in the Northern Territory and South Australia, with significant exploration potential.
Company strategy and leadership
Holds 16,000 sq km of land in the Northern Territory, focusing on uranium exploration in a target-rich, underexplored region.
Growth strategy includes leveraging existing assets, pursuing acquisitions, and targeting advanced uranium and rare earth assets in underexplored regions.
Led by an experienced team with a strong track record in mining, finance, exploration, and investment.
Major shareholders, including the chairman, hold over 50% of shares, ensuring a supportive register.
Market capitalization is approximately AUD 40 million, with AUD 7 million in cash and investments.
Exploration portfolio and project updates
Core assets include the Nabarlek Uranium Project (historical high-grade mine), Murphy West, and the Kennedy rare earth project.
Nabarlek Uranium Project: Multiple high-grade uranium intercepts from 2023–2024 drilling, with new large-scale undrilled targets identified near the historical mine.
Gravity and radon surveys at Big Radon and KP Prospects have defined drill targets, with a $160,000 NT Government grant supporting maiden drilling.
Murphy West project is in early-stage exploration, with airborne surveys identifying large-scale uranium anomalies and ongoing geochemical and geophysical surveys.
Kennedy Rare Earth Project: Maiden 150Mt inferred resource defined, with shallow, easily recoverable mineralisation and strong government support for metallurgical trials.
Next DevEx Resources earnings date
Next DevEx Resources earnings date
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