Slide 1: A Unique Investment Opportunity
ASX: DVP For personal use only A UNIQUE INVESTMENT OPPORTUNITY • ENERGY TRANSITION METALS • SPECIALIST UNDERGROUND SKILLS NOVEMBER 2022
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER For personal use only Cautionary Statement The information contained in this document (“Presentation”) has been prepared by DEVELOP Global Limited (“Company”). This Pre sentation is being used as a presenter’s aid with summarised information. See DEVELOP’s other
Slide 3: Develop: A Unique Investment Opportunity
DEVELOP: A UNIQUE INVESTMENT OPPORTUNITY For personal use only • Unique investment opportunity based on production of • Business plan demonstrates clear potential for group energy transition metals and provision of underground annual revenue of +A$1B and targets EBITDA margins of mining services – b
Slide 4: Develop 5-Year Business Plan
DEVELOP 5-YEAR BUSINESS PLAN For personal use only HYBRID BUSINESS MODEL: MINE OWNERSHIP – MINING SERVICES STRATEGY Build world-class Be one of the most Produce some of Aim for annual Mining Services underground socially responsible the world’s metal output of in capability to capability. and ESG fr
Slide 5: Develop will utilise the power of people to produce clean metals
For personal use only DEVELOP WILL UTILISE THE POWER OF PEOPLE TO PRODUCE CLEAN METALS AND HELP DECARBONISE THE WORLD.
Slide 6: Our Flagship Asset Is Our People
OUR FLAGSHIP ASSET: IS OUR PEOPLE • The mines of the future will be underground For personal use only • Demand for underground skills is set to soar • Develop is well advanced in building its world class underground capability • We have no people attraction or retention issues • This skill base is o
Slide 7: Company Core Values
COMPANY CORE VALUES For personal use only DEVELOP ENVIRONMENT VALUE We aspire to be the best Everything we do aims to We create exceptional at developing our make the world a better value for our people, people, our assets and place from an environmental shareholders, clients our client’s projects.
Slide 8: ESG Strategy and Roadmap
ESG STRATEGY AND ROADMAP Base Case Good Practice Leading Practice FY22 FY23 FY24 FY25 FY26 For personal use only Governance Develop suite of policies, procedures and guidelines Audit performance against ESMS Establish a Sustainability Working Group Establish a Board Sustainability Committee Link Boa
Slide 9: Woodlawn Zinc/Copper
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN ZINC/COPPER For personal use only • Acquired the mine in NSW, Australia, Woodlawn mine has: Woodlawn has huge value creation Feb-22 for A$30m upfront and potential by: 1. Established core operational team. A$70m in success-driven milestone 1. Grow
Slide 10: Woodlawn Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN STRATEGY For personal use only • Aiming to grow the underground mineral inventory and mine life to underpin a restart strategy funded by debt. • Exploration decline (800m length) well advanced with drilling to commence next month. • Resource updat
Slide 11: Sulphur Springs Zinc/Copper
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS ZINC/COPPER For personal use only • High-grade 17.4Mt Resource; 5.8% Zn, 1.0% Cu & 21g/t Ag (9.5% ZnEq5), located in Tier 1 world-class Pilbara district of WA. • Project development was burdened by inadequate reserves, government approvals,
Slide 12: Sulphur Springs Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS STRATEGY For personal use only • A$2m follow up infill and exploration drill program is underway. • Redesign the underground mine and open pit after the updated Resource model and generate an updated Ore Reserve by early CY23. • Finish the
Slide 13: World-Class Underground Capability
OUR PEOPLE ARE OUR FLAGSHIP ASSET WORLD-CLASS UNDERGROUND CAPABILITY For personal use only MINING SERVICES IS KEY TO ACHIEVING BUSINESS PLAN Building underground capability enables Develop to build its business organically; Mining Services accelerates this 01 02 03 Created Mining Awarded ~A$400m Bui
Slide 14: Activities Timeline
ACTIVITIES TIMELINE THE FUTURE For personal use only 2023 2023 2023 2023 2022 MAR JUNE SEPT DEC QTR QTR QTR QTR • Launch company • Update DFS Sulphur • Sulphur Springs • Updated Resources • Woodlawn strategy & 5 year plan Springs shovel ready and Reserves at operational Woodlawn readiness • Resource
Slide 15: Funding Experience
FUNDING EXPERIENCE DEVELOP’S TEAM HAS EXTENSIVE EXPERIENCE IN EQUITY/DEBT MARKETS For personal use only Equity Finance Debt Finance Shareholder Activities Activities Value Creation $2.75BN $2.75BN $15BN+ Equity Raised from Debt finance Equity Value Created Capital Markets by Banks from Last 14 Situa
Slide 16: Value Creation So Far
VALUE CREATION SO FAR.. For personal use only ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (30 SEP 22) VALUE DVP $ 2.70 A$ 436M $36.0M A$400M 162m shares on issue No Corporate Debt • Woodlawn Zinc/Copper Mine • Sulphur Springs Copper/Zinc Project • A$400M Underground Mining Servi
Slide 17: Our Net Positive as a Company
OUR NET POSITIVE AS A COMPANY • Develop will aim to be a significant • Develop will provide extensive training For personal use only producer of metals which are crucial to opportunities across a diversified range the global energy transition and which of fields, particularly for young people in wil
Slide 18: Mineral Resources Table: Woodlawn
MINERAL RESOURCES TABLE WOODLAWN For personal use only MINERAL RESOURCES Location JORC Tonnes NSR Zn% Pb% Cu% Au g/t Ag g/t Classification (‘000t) ($A/t) Woodlawn Measured 104 404 4.3 1.9 2.1 1.4 100.0 Underground Indicated 4,776 348 5.0 1.8 1.8 0.7 42.2 Inferred 2,461 408 6.9 2.5 1.8 0.3 47.8 Proje
Slide 19: Mineral Resources Table: Sulphur Springs
MINERAL RESOURCES TABLE SULPHUR SPRINGS For personal use only RESOURCE METALLURGICAL TONNES (kt) NSR ($A/t) Zn% Pb% Cu% Au g/t Ag g/t Fe % CATEGORY DOMAIN Indicated Oxide 209 $381 0.3 0.1 4.2 18.9 0.1 29.8 Transitional 6,655 $313 5.7 0.3 1.4 21.8 0.1 23.9 Fresh 5,495 $289 5.8 0.3 0.9 22.0 0.1 21.0 S