DevEx Resources (DEV) Q4 2025 TU earnings summary

Executive summary

• Multiple new large-scale uranium exploration targets identified at the Nabarlek Uranium Project, with ground-based gravity surveys underway to map faults and prioritize drill locations at Big Radon and KP Prospects.

• Preparations for maiden exploration at Sandfire and Spitfire Prospects on the Angularli Fault Zone, with ground gravity surveys scheduled to commence in August.

• Surface geochemistry program initiated at Murphy West Uranium Project, targeting high-priority radiometric anomalies.

• SQUID electromagnetic survey completed at Jimblebar Copper-Nickel Project, with results under analysis.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $404,922; year-to-date total is $8,033,749.

• Administration costs for the quarter were $318,346; year-to-date total is $2,322,318.

• Cash balance at 30 June 2025 was $7,119,398.

Outlook and guidance

• Drilling at Big Radon and KP Prospects to be supported by $160,000 in government co-funding.

• Ground gravity surveys at Sandfire and Spitfire Prospects to inform focused drilling for unconformity-type uranium mineralization.

• Ongoing re-logging campaigns and geochemical programs to refine exploration targets across key projects.