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Devex Resources Ltd ASX:DEV

0 opened or increased0 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

8 Apr 2026 to today

Commentary 2 comments

DateManagerActionSummary

26 Jun 2026Acorn CapitalReducedAcorn Capital reduced its position in DevEx Resources after the stock surged following inclusion in the Nasdaq Sprott Junior Uranium Miners Index, trimming into the buying-driven momentum. The fund retains a meaningful position because it is encouraged by DevEx's exploration project in the Northern Territory and an upcoming major drilling program, indicating the trim was a valuation management decision rather than a change in conviction.

Article, price recorded $0.23

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8 Apr 2026Acorn CapitalInitiatedAcorn Capital initiated a position in Devex Resources Ltd because the company holds a uranium exploration project in the McArthur Basin in the Northern Territory — one of the world's major uranium districts — including recently acquired ground from Alligator Resources adjacent to Laramide Resources' tenements. Acorn Capital views the team as well-financed and capable, noting the project is in the right neighbourhood with significant geological potential.

Critical MineralsArticle, price recorded $0.20

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on DEV.

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About Devex Resources Ltd

Materials, Metals and Mining

DevEx Resources (ASX:DEV), a uranium explorer in the Northern Territory, has rallied on index inclusion. In June 2026, Acorn Capital reported DevEx surged after inclusion in the Nasdaq Sprott Junior Uranium Miners Index, and that it trimmed into the buying. In April 2026, Acorn picked DevEx, describing it as a uranium explorer with a really interesting project in the Northern Territory near major uranium deposits. DevEx Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Acorn Capital. Founded in 1969 and headquartered in West Perth, DevEx Resources explores for uranium and other metals, focused on the Nabarlek uranium project in the Alligator Rivers region of the Northern Territory, one of the world's most prospective uranium provinces, home to the historic Ranger and Nabarlek mines, and holds other critical minerals and copper exploration assets.

Market cap: $92m
Price to earnings: Loss-making
Return on equity: -36.1%
Dividend yield: 0.0%
Price to book: 4.23x
52-week range: $0.11 to $0.33

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Devex Resources Ltd (ASX:DEV)?

Fund managers including Acorn Capital have invested in Devex Resources Ltd (ASX:DEV).

What opportunities or catalysts do fund managers highlight for Devex Resources Ltd?

Acorn highlights DevEx's prospective Nabarlek uranium project near major deposits and index inclusion that boosted demand for the shares.

What are the key risks to the Devex Resources Ltd investment thesis, according to fund managers?

Acorn trimmed after the index-driven surge, and DevEx remains an explorer subject to drilling results and regulatory hurdles for uranium development.

What does Devex Resources Ltd (ASX:DEV) do?

DevEx Resources Ltd. is an Australian-based mineral exploration company headquartered in West Perth. Founded in 1969, the firm identifies and explores deposits of nickel, copper, and platinum group elements. DevEx maintains a diverse project portfolio, including Sovereign, Junee, Basin Creek, Nabarlek, North Cobar, EntX, and Kennedy. The company focuses on systematic exploration to unlock value across these key Australian tenements. Investors monitor DevEx for its ongoing exploration activities and strategic asset development within the high-demand copper and nickel sectors.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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