Develop Global Limited · ASX:DVP
Develop Global — Diggers & Dealers Mining Forum 2022
15 slides from Develop Global's conference presentation, August 2022
Slide 1: Diggers and Dealers Presentation
ASX: DVP DIGGERS AND DEALERS PRESENTATION AUGUST 2022
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER Cautionary Statement The information contained in this document (“Presentation”) has been prepared by DEVELOP Global Limited (“Company”). This Presentation is being used as a presenter’s aid with summarised information. See DEVELOP’s other and periodic disclosure
Slide 3: Slide 3
Slide 4: Timeline: Last Months
TIMELINE LAST 12 MONTHS • Awarded A$400m mining • Sulphur Springs 1st assays agreement at Bellevue • Underground mining services division established • First tender delivered 2021 2022 2022 AUGUST FEB MAY 2021 2022 NOV/DEC APRIL • Sulphur Springs 3rd Assays • Launch Develop at Diggers • Woodlawn acq
Slide 5: Value Creation So Far
VALUE CREATION SO FAR….. ASX STOCK CODE SHARE PRICE MARKET CAPITALISATION CASH (30 Jun 22) DVP A$2.20 A$354M A$43.2M 161m shares on issue No Corporate Debt SUBSTANTIAL SHAREHOLDER SUBSTANTIAL SHAREHOLDER BILL BEAMENT 15% (FULLY DILUTED +30%) MINERAL RESOURCES 15% ENTERPRISE VALUE A$311M - Woodlawn Z
Slide 6: Timeline: The Future
TIMELINE THE FUTURE • Mining Services ramp up • Woodlawn drilling commences • Assays due at Woodlawn • Resource update Sulphur Springs • Sulphur Springs project update • Launch company strategy & 5 year plan 2022 2022 2023 AUGUST DEC QTR JUN QTR 2022 2023 SEPT QTR MAR QTR • Mining Services ramp up •
Slide 7: The Opportunity
THE OPPORTUNITY RECENT HISTORY OF SHAREHOLDER VALUE CREATION The success of these companies over the past 5 years highlights the enormous opportunity for Develop Total Shareholder Returns for the 425% A$9.2bn 148% A$5.8bn past 5 years (include dividends) TSR TSR A$2.4bn 359% A$2.3bn 2017 2022 2017 2
Slide 8: Producing Potential
V LOr PRODUCING POTENTIAL DEVELOP.COM.AU
Slide 9: Woodlawn – Zinc/Copper
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN – ZINC/COPPER • Acquired the mine in NSW, Feb-22 for A$30m upfront and A$70m in success-driven milestone payments • Combined with rapidly emerging Sulphur Springs it will transform the Company into a major base metals group centered on clean facin
Slide 10: In-Mine Growth Potential
SIGNIFICANT POTENTIAL WITH VARIOUS UNTESTED CONDUCTORS AND OPEN LENSES IN-MINE GROWTH POTENTIAL • Substantial high-grade Resource of 7.3Mt at Historic Production 13.2%ZnEq1 (ASX release 02 Aug-22) 13.8Mt @ 19.7% ZnEq1 • Massive opportunity to investigate the Remanent Resource geological models • Kno
Slide 11: Sulphur Springs
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS Sulphur Springs has the key elements needed for the world’s decarbonisation: copper, zinc and silver • Located in Tier 1 world-class Pilbara district of WA • High-grade 17.4Mt Resource; 1.3% Cu, 4.2% Zn & 17gpt Ag; • Significant Exploration
Slide 12: Sulphur Springs – Copper/Zinc
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS – COPPER/ZINC • We needed to complete a A$10M drilling program to improve the Resource classification in the DFS: success greatly improves the development options • The drilling delivered exceptional thick high-grade mineralisation. Signifi
Slide 13: World Class Underground DNA
OUR FLAGSHIP ASSET WORLD CLASS UNDERGROUND DNA THE MINES OF THE FUTURE WILL BE UNDERGROUND Building underground capability enables Develop to build its business organically; Mining Services accelerates this 01 02 03 Created Mining First tender Bellevue Built mining services Services division Gold te
Slide 14: Mineral Resources Table - Woodlawn
MINERAL RESOURCES TABLE - WOODLAWN MINERAL RESOURCES JORC Tonnes NSR Location Zn % Pb % Cu % Au g/t Ag g/t Classification ('000t) ($A/t) Measured 104 404 4.3 1.9 2.1 1.4 100.0 Woodlawn Indicated 4,776 348 5.0 1.8 1.8 0.7 42.2 Underground Inferred 2,461 408 6.9 2.5 1.8 0.3 47.8 Project total 7,341 36
Slide 15: Mineral Resources Table – Sulphur Springs
MINERAL RESOURCES TABLE – SULPHUR SPRINGS MINERAL RESOURCES Tonnes Location JORC Classification Cu % Zn % Pb % Ag g/t ('000t) Measured - - - - - Indicated 9,400 1.5 3.8 0.2 17.0 Sulphur Springs Inferred 4,400 1.4 3.7 0.2 18.0 Sub-total 13,800 1.5 3.8 0.2 17.0 Measured - - - - - Indicated 2,300 0.9 5