Stocks of the Hour: African Gold, DevEx Resources, Burley Minerals
A snapshot of the stocks on the move, featuring African Gold (ASX:A1G), DevEx Resources (ASX:DEV) and Burley Minerals (ASX:BUR).
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DevEx Resources (ASX:DEV) is an exploration company with a diversified portfolio of high-quality projects spanning some of Australia’s most proven mining regions.
DevEx’s key focus is the exploration for major porphyry copper-gold discoveries in the premier Lachlan Fold Belt region of New South Wales.
The world-class mining district is host to several of Australia’s largest copper-gold mines, where DevEx has built a sizeable 600km2 ground holding across its 100%-owned projects – the Junee and Basin Creek Projects. Collectively these projects represent a fresh opportunity for the Company with no systematic exploration conducted prior to DevEx for decades.
DevEx has also secured a strategic position within the new nickel-copper-PGE region of Julimar, Western Australia, with exploration at the Sovereign Project targeting magmatic palladium-nickel-copper deposits.
A snapshot of the stocks on the move, featuring African Gold (ASX:A1G), DevEx Resources (ASX:DEV) and Burley Minerals (ASX:BUR).
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Brendan Bradley - Managing Director - DevEx Resources (ASX:DEV) is an exploration company with a diversified portfolio of high-quality projects spanning some of Australia’s best endowed mining regions.
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10 Jul 2023 - A snapshot of the stocks on the move, featuring Forrestania Resources (ASX:FRS), Artemis Resources (ASX:ARV) and DevEx Resources (ASX:DEV).
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Presenter – Brendan Bradley - Managing Director - DevEx Resources is an exploration company with a diversified portfolio of high-quality projects spanning some of Australia’s most proven mining regions. DevEx’s key focus is the exploration for major porphyry copper-gold discoveries in the premier Lachlan Fold Belt region of New South Wales.
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10 Jul 2023 - The ASX declined further as weak consumer inflation data from China contributed to ongoing losses, with the benchmark S&P/ASX 200 index falling 0.54 per cent at 7,004, primarily driven by losses in most industry sectors.
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10 Jul 2023 - Oil stabilises as Saudi Arabia and Russia commit to supply cuts, while the market faces challenges from China's economic slowdown, central banks' tightening policies, and the US purchasing additional crude for its Strategic Petroleum Reserve.
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The emerging Julimar Complex is enormously prospective and DEV is one of the key players based on its tenement position. The work being conducted by CHN is providing an invaluable insight into the geology of the province, which will ultimately prove beneficial to companies like DEV, with exploration campaigns still very much in their infancy.
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