Develop Global Limited · ASX:DVP
Develop Global — Investor Presentation (March 2025)
17 slides from Develop Global's investor presentation, Mar 17, 2025
Slide 1: Revised Company Presentation – 17 March 2025
DEVELOP GLOBAL LIMITED 17 March 2025 Revised Company Presentation – 17 March 2025 Develop Global Limited (ABN 28 122 180 205) (Develop) released a document titled “Updated Company Presentation” on 11 March 2025 and a document titled “Revised Company Presentation” on 13 March 2025, (collectively the
Slide 2: Concentrate and Cashflow Imminent
ASX: DVP CONCENTRATE AND CASHFLOW IMMINENT • ENERGY TRANSITION METALS OWNERSHIP • UNDERGROUND MINING SERVICES REVISED COMPANY PRESENTATION – 14 MARCH 2025
Slide 3: 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 4: Develop Company Assets
DEVELOP COMPANY ASSETS ALL BUSINESS UNITS ARE LOCATED IN AUSTRALIA Woodlawn Cu/Zn Mine Sulphur Springs Zn/Cu Pioneer Dome - Li Mining Services Project revenue – A$2.6b Project revenue – A$2.9b Project revenue – A$2.2b FY24 Revenue A$147m Free cashflow – A$1.1b Free cashflow – A$745m Free cashflow –
Slide 5: Business Capital Structure
BUSINESS CAPITAL STRUCTURE ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (31 DECEMBER 24) VALUE DVP A$ 2.75 A$745M A$112M A$735M 271m shares on issue A$102M in Project Debt • Woodlawn Copper A$10.5m due in options and Zinc Mine Jun-25 • Sulphur Springs Zinc Undrawn equipment and C
Slide 6: Develop 5-Year Business Plan
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 7: Our People Is Our Flagship Asset
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 • Develop has built its world class underground capability • We have
Slide 8: Woodlawn Copper/Zinc Mine
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN COPPER/ZINC MINE • Purchased the mine in May-22 for A$100M • Inherited ~A$340m of prior capital expenditure • Develop spent ~A$60m on the mine to derisk it • Resource increased by 55% to 11.3Mt at 4.1% CuEq, with 50,000m of diamond drilling • Rese
Slide 9: Funding & Offtake
WORLD-CLASS CAPABILITY FUNDING & OFFTAKE • Leading base metals commodity trader, Trafigura, has provided ~A$100M pre-payment/loan to bring Woodlawn into production. Funding terms are flexible to Develop • As part of the funding, Develop has also agreed to a ~5 year offtake arrangement across all con
Slide 10: Woodlawn Restart Site Update
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN RESTART SITE UPDATE • Excellent progress made with recommissioning of the processing plant; GR Engineering 90% complete and internal package 97% complete • All major contracts have been awarded for processing and concentrate production to commence
Slide 11: Sulphur Springs Zinc-Copper Project
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS ZINC-COPPER PROJECT • The project is a high-grade Zinc and Copper Resource of 17.4Mt @ 5.8% Zn, 1.0% Cu & 21gpt Ag located in the Tier 1 mining district of WA • Develop spent A$15M over two years (2021/2022) on our operational goals 1. All
Slide 12: Woodlawn Base Metals Comparisons
IMMINENT CASHFLOW WOODLAWN BASE METALS COMPARSIONS 1. Please see Resource and Reserves Tables details of the Woodlawn and Sulphur Springs mineral resource and Reserves estimates, including Copper Equivalent (CuEq) Calculations. 2. Please see Appendix 1 for details on the Green Bay and McIlvenna Bay
Slide 13: 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 14: 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 15: 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
Slide 16: Appendix 1: Peer Comparison Resource & Reserves Tables
APPENDIX 1 PEER COMPARISON RESOURCE & RESERVES TABLES Resource Tonnes Resource Tonnes Cu % Pb % Zn % Ag g/t Au g/t Cu % Pb % Zn % Ag g/t Au g/t Category (Mt) Category (Mt) Mineral Resource Mineral Resource McIlvenna Bay McIlvenna Bay McIlvenna Bay Measured - - - - - - Measured 4.7 1.7 - - 2.3 0.3 Gr
Slide 17: Appendix 2: Peer Comparison Source Data & Calculations
APPENDIX 2 PEER COMPARISON SOURCE DATA & CALCULATIONS No. Source Data 1 Resources for Woodlawn and Green Bay are reported under JORC Code 2012. Resources for McIlvenna Bay are calculated under the Canadian NI 43-101 standards and are regarded as Foreign Estimates. The copper equivalent grades are ba