Develop Global Ltd
ASX:DVP
Develop Global Ltd
Develop Global Ltd. is an exploration, mines base, and metal resources company. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-04-27. The company is engaged in resources exploration, focusing on base metals, and the development of its flagship Copper Zinc Sulphur Springs Project in Western Australia, as well as exploration across its other assets in the Pilbara region. Its projects include Sulphur Springs, Whim Creek Joint Venture and Geology & Exploration. The Sulphur Springs project is located 144 kilometers to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 kilometers Panorama Trend, which provides commercial grade copper and zinc. The Whim Creek Copper-Zinc Project is located 115 kilometers to the south west of Port Hedland and includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits, which provides copper. Geology & Exploration project includes exploration and mining tenements covering approximately 27 kilometers.
Develop Global Ltd. is an exploration, mines base, and metal resources company. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-04-27. The company is engaged in resources exploration, focusing on base metals, and the development of its flagship Copper Zinc Sulphur Springs Project in Western Australia, as well as exploration across its other assets in the Pilbara region. Its projects include Sulphur Springs, Whim Creek Joint Venture and Geology & Exploration. The Sulphur Springs project is located 144 kilometers to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 kilometers Panorama Trend, which provides commercial grade copper and zinc. The Whim Creek Copper-Zinc Project is located 115 kilometers to the south west of Port Hedland and includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits, which provides copper. Geology & Exploration project includes exploration and mining tenements covering approximately 27 kilometers.
Strong Quarterly Revenue: Develop reported record quarterly external revenue of nearly AUD 95 million, driven by higher volumes and prices across operations.
Woodlawn Ramp-up: Woodlawn site processed a record 59,000 tonnes in December, putting it on track to reach nameplate capacity of 850,000 tonnes per annum in the March quarter.
Concentrate Revenue Growth: Quarterly concentrate revenue jumped 98.5% to $39.1 million, supported by increased copper and zinc concentrate sales.
Sulphur Springs Upside: The Sulphur Springs project’s updated pretax NPV rose 76% to $921 million, and could increase by another 25% to $1.15 billion at current spot prices and costs.
Pioneer Dome Opportunity: Sharp recovery in lithium prices and an open DSO market position the fully permitted Pioneer Dome project for a rapid and lucrative start.
Mining Services Expansion: The company secured a second mining services contract worth $200 million and is evaluating further contracts amid a tight labor and equipment market.
Guidance on Track: Management reiterated progress toward its five-year plan, including a goal of 500,000 tonnes copper equivalent output per year and 2–3 mining services contracts.
