Sovereign Update

An extract from DevEx Resources' chairman's 22 Nov. 2022 AGM address.

"..... we have also been progressing a systematic exploration program at our Sovereign nickel-copper-PGE project, located in the emerging West Yilgarn Province of Western Australia. The West Yilgarn has achieved global recognition in recent years thanks to Chalice Mining’s world-class Gonneville discovery, located 35km to our south.

Our exploration programs at Sovereign have defined a 12km long differentiated mafic-ultramafic intrusion – the same host as the Gonneville deposit – with previous drilling confirming the presence of disseminated nickel and copper sulphides.

This tells us that we have the right host rocks AND we have a system capable of generating nickel and copper sulphide mineralisation.

With these key ingredients, we are now working to zero-in on significant accumulations of mineralisation at Sovereign with the aim of defining an economic discovery. This is achieved by systematically working this large ground holding. Next month will see recommencement of ground electromagnetic surveys to further enhance our targeting."