Develop Global Limited · ASX:DVP
Develop Global — Investor Presentation (September 2025)
20 slides from Develop Global's investor presentation, September 2025
Slide 1: Business Platform Built, Time to Supercharge the Growth
ASX: DVP BUSINESS PLATFORM BUILT TIME TO SUPERCHARGE THE GROWTH • ENERGY TRANSITION METALS OWNERSHIP • UNDERGROUND MINING SERVICES COMPANY PRESENTATION – SEPTEMBER 2025
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER 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 announcements lodged
Slide 3: Platform to be the pre-eminent copper / base metals company on the ASX
WE HAVE ESTABLISHED A GREAT PLATFORM TO BE THE PRE-EMINENT COPPER / BASE METALS COMPANY ON THE ASX WITH UNIQUE CAPABILITY TO DEVELOP AND UNLOCK OPPORTUNITIES 3
Slide 4: Develop 5-Year Business Plan: What's Been Achieved in First Half
DEVELOP 5-YEAR BUSINESS PLAN WHAT’S BEEN ACHIEVED IN FIRST HALF HYBRID BUSINESS MODEL: MINE OWNERSHIP AND MINING SERVICES BUSINESS UNITS Build world-class Be one of the most Produce some of Aim for annual Mining Services underground ESG responsible the world’s metal output of in- capability to opera
Slide 5: Capital Structure - Significant Value Creation in Only 3 Years
BUSINESS CAPITAL STRUCTURE - SIGNIFICANT VALUE CREATION IN ONLY 3 YEARS ASX STOCK SHARE MARKET CASH – 30 JUNE 2025 ENTERPRISE CODE PRICE CAPITALISATION VALUE DVP A$ 3.65 A$1.2B 328m shares on issue A$ 58M A$104m in Project Debt A$ 1.0B • Woodlawn Copper and Undrawn equipment Zinc Mine financing of A
Slide 6: Our Flagship Asset Is Our People
OUR FLAGSHIP ASSET: IS OUR PEOPLE • The mines of the future will be underground • Demand for underground skills is soaring • Develop’s Executives have one of the largest networks of underground personnel in the Australian industry (+10,000) • Develop has built its world class underground capability
Slide 7: Woodlawn
WOODLAWN COMMISSIONING/RAMP-UP, EXPANDING PRODUCTION AND GROWING MINE LIFE 7
Slide 8: Processing Status
A QUALITY PROJECT FOR THE ENERGY REVOLUTION PROCESSING STATUS • Concentrator commissioning well advanced, now well into ramp up phase • Crushing upgrades successful and exceeding design performance • Commissioning on a 750ktpa run rate to ensure correct operating parameters are optimised before the
Slide 9: Underground Mining Progress
A QUALITY PROJECT FOR THE ENERGY REVOLUTION UNDERGROUND MINING PROGRESS • Primary ventilation, pumping and power systems have been installed • Monthly development rates for a single jumbo well above the restart schedule of 350m (Averaging 490m per month for a single jumbo) • Capital development for
Slide 10: Woodlawn – Production Growth Options
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN – PRODUCTION GROWTH OPTIONS • Investigate stages of production growth via mill expansion scenarios from 0.85Mtpa up to 1.35Mtpa • Utilise two jumbos to accelerate capital development and access more production areas ($20m from the use of funds) •
Slide 11: Woodlawn – Accelerate Growth
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN – ACCELERATE GROWTH • Project "DM15"; Targeting 15-year mine life • Woodlawn is significantly under-explored relative to other similar Tier-1 VMS Projects • Resources and Reserves are currently contained within ~900m from surface • Limited drillin
Slide 12: Sulphur Springs: Accelerating Development
SULPHUR SPRINGS ACCELERATING DEVELOPMENT 12
Slide 13: Accelerate Sulphur Springs Zinc-Copper Project
A QUALITY PROJECT FOR THE ENERGY REVOLUTION ACCELERATE SULPHUR SPRINGS ZINC-COPPER PROJECT • High-grade Zinc and Copper Development Project located in a Tier 1 mining district of Western Australia • Project Resource of 17.4Mt @ 5.8% Zn, 1.0% Cu & 21gpt Ag (Includes Sulphur Springs and Kangaroo Caves
Slide 14: Sulphur Springs – Accelerate Growth
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS – ACCELERATE GROWTH • Project "DM15"; Is designed to accelerate mine life extensions. Targeting 15-year life • Sulphur Springs Resource contains; 13.8Mt @ 1.1% Cu, 5.7% Zn & 22.5gpt Ag • Majority of Sulphur's Resources and Reserves are cont
Slide 15: Pioneer Dome Lithium Project
WORLD-CLASS UNDERGROUND CAPABILITY PIONEER DOME LITHIUM PROJECT • 100% acquisition completed in November 2023 • Mineral Resource of 11.2Mt @ 1.2% Li2O contained within three pegmatites • Pioneer Dome Project located in the Eastern Goldfields, 150km south of Kalgoorlie and 270km north of the Esperanc
Slide 16: World-Class Underground Capability
OUR PEOPLE ARE OUR FLAGSHIP ASSET WORLD-CLASS UNDERGROUND CAPABILITY MINING SERVICES IS KEY TO ACHIEVING THE BUSINESS PLAN Underground capability enables Develop to build its business organically; Mining Services accelerates this CULTURE CAPABILITY CASHFLOW 01 02 03 Recruited key Built mining servic
Slide 17: Investment Highlights
INVESTMENT HIGHLIGHTS The platform is set for Develop to establish itself as the pre-eminent copper / base metals company on ASX Our people are proven mine builders, operators and significant wealth creators Ramping up the Woodlawn Copper-Zinc Mine to nameplate 850Ktpa steady state run-rate deli
Slide 18: Producing Potential - develop.com.au
V/ LOr PRODUCING POTENTIAL DEVELOP.COM.AU
Slide 19: Resources Tables
PATHWAY TO CASHFLOW RESOURCES TABLES BASE METALS LITHIUM-TANTALUM Resource SULPHUR SPRINGS Resource Category Tonnes (Mt) Li2O% Ta2O5 ppm Fe2O3% SULPHUR SPRINGS PROJECT Tonnes (Mt) Cu % Pb % Zn % Ag gpt Au gpt PIONEER DOME NORTH Category Cade, Davy & DOME Indicated 8.6 1.23 55 0.46 Heller Indicated 1
Slide 20: Ore Reserves Tables
PATHWAY TO CASHFLOW ORE RESERVES TABLES BASE METALS Ore Reserve Ore (Mt) Cu % Pb % Zn % Ag gpt Au gpt SULPHUR SPRINGS Estimate SULPHUR SPRINGS UG Proved - - - - - - UG Probable 8.8 1.1 0.2 5.4 20.6 0.1 UG Total 8.8 1.1 0.2 5.4 20.6 0.1 Ore Reserve WOODLAWN Ore (Mt) Cu % Pb % Zn % Ag gpt Ag gpt Estim
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