DevEx Resources Ltd (ASX: DEV) has reported new heap leach column test results that materially enhance the extraction outlook for critical Magnetic Rare Earth Elements (MREEs) from the Kennedy ionic clay-hosted system. The Kennedy Rare Earths Project, located in North Queensland approximately 50km south of Mount Garnet and connected to Townsville’s port and infrastructure corridor, has delivered a significant step forward in its metallurgical understanding.

DevEx Resources Limited (ASX: DEV) is leaning hard into the Northern Territory uranium thesis with a 2025 program that moves from mapping to gravity-constrained drilling across Nabarlek’s Big Radon and KP prospects (Figure 1)—two kilometre-scale radon anomalies now tied to fault architecture by new ground gravity. Heritage clearances are being finalised and the NT Government has tipped in $160k to co-fund the maiden holes, a tidy endorsement at this stage.