Develop Global Limited · ASX:DVP
Develop Global — Resources Rising Stars Investor Conference 2022
17 slides from Develop Global's conference presentation, Jun 7, 2022
Slide 1: DVP RRS Presentation
ASX Announcement June 07, 2022 DVP RRS Presentation Develop Global Limited (ASX: DVP) is pleased to advise that Managing Director, Bill Beament will be presenting at the Resources Rising Stars Investor Conference on the Gold Coast today at 10am AEDT / 8am AWST. The presentation slides to be delivere
Slide 2: Resources Rising Stars
ASX: DVP RESOURCES RISING STARS JUNE 2022
Slide 3: 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 4: Develop will utilise the power of people to produce clean future facing metals
DEVELOP WILL UTILISE THE POWER OF PEOPLE TO PRODUCE CLEAN FUTURE FACING METALS AND HELP DECARBONISE THE WORLD.
Slide 5: The Develop Model: People Power Change
THE DEVELOP MODEL PEOPLE POWER CHANGE…. 10 MONTHS IN Already employed ~75 of the worlds best ENTREPENURIAL underground mine management and LEADERSHIP operational team members • Sulphur Springs in WA Copper/Zinc Project QUALITY • Woodlawn in NSW Zinc/Copper mine PROJECTS • 20% JV Whim Creek with Anax
Slide 6: Entrepreneurial Leadership
ENTREPRENEURIAL LEADERSHIP RECENT HISTORY OF BEST-IN-CLASS VALUE CREATION Bill Shirley Mick McMullen Shirley Michael Michelle Beament In’t Veld Non-Executive In’t Veld Blakiston Woolhouse Bill was the founder and Executive Mick substantially changed the view Non-Executive Non-Executive Non-Executive
Slide 7: Funding Experience
FUNDING EXPERIENCE DEVELOP’S TEAM HAS EXTENSIVE EXPERIENCE IN EQUITY/DEBT MARKETS 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 Situations STRONG ENVIRONME
Slide 8: 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 Western Australia • 17.4Mt in Resources; high-grade 1.3% Cu, 4.2% Zn & 17gpt Ag • Signi
Slide 9: Sulphur Springs – Copper/Zinc
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS – COPPER/ZINC • ~32% of the 2018 DFS production target was based on 4 million tonnes of material classified as Inferred Resources • The underground reserve component is only 56% of total project • A$10M drilling program to de-risk and grow
Slide 10: Woodlawn – Zinc/Copper
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN – ZINC/COPPER • Acquired the Woodlawn mine in NSW, Australia in Feb-22 for A$30m upfront and A$70m in success-driven milestone payments • Combination with rapidly emerging Sulphur Springs will transform the Company into a major base metals group c
Slide 11: In-Mine Growth Potential
IN-MINE GROWTH POTENTIAL SIGNIFICANT POTENTIAL WITH VARIOUS UNTESTED CONDUCTORS AND OPEN LENSES • Potential for extension of known lenses and for discovery of additional lenses • Very limited step-out drilling historically • Known high-grade lenses remain open • DHEM data confirms untested conductor
Slide 12: World Class Underground DNA
OUR FLAGSHIP ASSET WORLD CLASS UNDERGROUND DNA THE MINES OF THE FUTURE WILL BE UNDERGROUND Building this underground capability creates three key opportunities for DEVELOP: 01 02 03 Maximises Provides Help others performance scope to deliver on their of our own partner and decarbonisation assets joi
Slide 13: Develop's Underground Services Division is operational
OUR FLAGSHIP ASSET – WORLD CLASS UNDERGROUND DNA Develop’s Underground Services Division is operational This division specialises in providing underground mining services to cater for both Develop’s own requirements and to service other projects on a contractual basis Key management appointments hav
Slide 14: Value Creation
VALUE CREATION ASX STOCK CODE SHARE PRICE MARKET CAPITALISATION CASH (31 Mar 22) DVP A$2.60 A$420M A$54.3M 161m shares on issue No Debt SUBSTANTIAL SHAREHOLDER SUBSTANTIAL SHAREHOLDER BILL BEAMENT 15% (FULLY DILUTED +30%) MINERAL RESOURCES 15% ENTERPRISE VALUE A$365M - Sulphur Springs Copper/Zinc Pr
Slide 15: 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 363% A$11.6bn 229% A$8.3bn past 5 years (include dividends) TSR TSR A$2.5bn A$2.5bn 375% 2016 2021 2016
Slide 16: Producing Potential
V LOr PRODUCING POTENTIAL DEVELOP.COM.AU
Slide 17: Mineral Resources Table
MINERAL RESOURCES TABLE 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 5.7 0.3 13.6 Kangar
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