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Develop Global Limited (ASX:DVP)

ALERT: Price-sensitive ASX Announcement for DVP
Current share price for DVP : $6.380 0.87 (15.79%)+
Announcement
Release
28 Jan 2026 8:28AM
Price at Release
$5.510
Full Release
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Summary
Develop Global Limited (ASX: DVP) reported significant progress across its divisions for the December 2025 quarter. The company is on track to reach steady-state production at Woodlawn in the March quarter and aims for a final investment decision on the Sulphur Springs project by June 2026. The quarter marked two years since the release of its five-year plan, targeting 50ktpa of copper-equivalent metal and securing two to three mining contracts. Woodlawn processed a record 59,000t in December, with improvements in concentrate recoveries and underground developments. Sulphur Springs is projected to deliver substantial economic returns with a pre-tax NPV of A$1.15B at spot prices. Develop's Mining Services division secured a major contract with OceanaGold, and the company recorded a group external revenue of A$94.6m for the quarter. Develop's cash position stood at A$179.9m as of December 31, 2025.
Key Points
  • Steady-state production at Woodlawn expected by March quarter 2026.
  • Final investment decision for Sulphur Springs anticipated for June 2026.
  • Two years into a five-year plan aiming for 50ktpa copper-equivalent metal.
  • Woodlawn achieved record processing of 59,000t in December.
  • Sulphur Springs projected pre-tax NPV of A$1.15B at spot prices.
  • Develop Mining Services secured A$200m contract with OceanaGold.
  • Group external revenue reached A$94.6m.
  • Cash position at A$179.9m as of December 31, 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.