Earn-in new drill-ready targets
Barkly Rare Earths Limited (ASX: BAK) continues to build exploration momentum as earn‑in partner DevEx Resources (ASX: DEV) advances plans for an initial drill programme after identifying multiple new kilometre‑scale multi‑element anomalies. Read here: https://barklyrareearths.com/announcements/7450962
With Barkly’s imminent drilling and DevEx’s planned 2026 drilling, the 5,000 km2 Barkly Project is shaping up as a high‑impact critical minerals opportunity at a time of structural flex and growing global demand. Drill-ready targets further validate Barkly’s strategy to maximise shareholder value through its earn-in agreement with DevEx.
Barkly plans to grow its shallow 40 Mt rare earth Inferred Mineral Resource which has negligible uranium content, while DevEx targets deeper uranium mineralisation in the significantly older McArthur Basin. DevEx can earn 75% of the uranium-only mineral rights by spending $3.5 million within 5 years, with Barkly free carried through to feasibility.
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