Slide 1: Leveraged Opportunity to the World's Energy Transition
ASX: DVP For personal use only LEVERAGED OPPORTUNITY TO THE WORLD’S ENERGY TRANSITION • ENERGY TRANSITION METALS OWNERSHIP • SPECIALIST UNDERGROUND SKILLS ANNUAL GENERAL MEETING - NOVEMBER 2023
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: 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 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 fri
Slide 5: Our Flagship Asset Is Our People
OUR FLAGSHIP ASSET: IS OUR PEOPLE For personal use only • 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
Slide 6: Our Sustainability Strategy Concept
OUR SUSTAINABILITY STRATEGY CONCEPT DESIGNING FOR SUSTAINABILITY FROM THE OUTSET For personal use only POINT OF NEUTRALITY / SUSTAINABILITY? RESIDUAL IMPACT CONTRIBUTE NET GAIN IMPACT IMPACT IMPACT IMPACT OFFSET RESTORE RESTORE NO NET LOSS MINIMISE MINIMISE MINIMISE - AVOID AVOID AVOID AVOID ONE TWO
Slide 7: Our Sustainability Strategy: Tjiwarl-Develop JV
OUR SUSTAINABILITY STRATEGY TJIWARL-DEVELOP JV For personal use only SOCIAL CONTRIBUTION • DEVELOP and TJIWARL Traditional Owners (TCS) partner in a landmark 50/50 contracting joint venture • DEVELOP to act as capacity partner, whilst upskilling TCS to take on sole ownership and management of the en
Slide 8: Project Woodlawn Copper/Zinc Mine
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN COPPER/ZINC MINE For personal use only • Acquired the NSW located mine in May-22 for $A30M • It had profitable 20yrs, produced 13.8Mt at 5.6% CuEq1 • Prior owners invested ~A$340M in the operation Woodlawn mine has: 1. A high performing site opera
Slide 9: Project Woodlawn Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN STRATEGY For personal use only • Underground capital development ongoing to enhance an accelerated restart scenario • 1 million tonnes, first 18 months of ore production has been developed in the Kate lens (1st lens) - see ASX Announcement titled
Slide 10: Project Sulphur Springs Zinc-Copper Project
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS ZINC-COPPER PROJECT For personal use only • The project is a high-grade Zinc and Copper Resource of 17.4Mt @ 5.8% Zn, 1.0% Cu & 21gpt Ag (8.4% ZnEq2) located in the Tier 1 mining district of WA • This was the sole asset Venturex recapitalis
Slide 11: Essential Metals Limited – Third Leg
A QUALITY PROJECT FOR THE ENERGY REVOLUTION ESSENTIAL METALS LIMITED – THIRD LEG For personal use only Tier-1 Location within WA’s 'Lithium Corridor’ • Acquisition of Essential Metals was completed last week • Pioneer Dome lithium project is located 130km south of Kalgoorlie and 250km north of the E
Slide 12: Essential Metals Limited – Next Steps
A QUALITY PROJECT FOR THE ENERGY REVOLUTION ESSENTIAL METALS LIMITED – THIRD LEG For personal use only Next Steps Fast track early works to inform detailed study works Opportunities • Metallurgical testwork: A diamond programme has been completed to • Cade pit is 82% of ore provide samples for metal
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 CULTURE CAPABILITY CASHFLOW 01 02 03 • Upco
Slide 14: Mine Services: Bellevue Gold Contract
WORLD-CLASS UNDERGROUND CAPABILITY MINE SERVICES BELLEVUE GOLD - ~A$400M CONTRACT For personal use only CONTRACT TO DATE PERFORMANCE: COMPARISON AGAINST OUR PEERS: • Revenue/Costs • Contract style is a fixed and variable • Development advance continued to climb since contract inception for structure
Slide 15: Funding and Balance Sheet
WORLD-CLASS UNDERGROUND CAPABILITY FUNDING AND BALANCE SHEET For personal use only DVP 30 June 2023 Balance Sheet • Strong cash position as at 30 September of A$57m (Unaudited) • Equipment finance debt of A$27.6m at 30 September, which is Cash $21.8m covered by the Bellevue mining services agreement
Slide 16: Value Creation So Far
VALUE CREATION SO FAR.. For personal use only ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (30 SEPTEMBER 23) VALUE DVP A$ 2.80 A$678M $57M 242m shares on issue No Corporate Debt A$ 621M • Woodlawn Zinc/Copper Mine • Sulphur Springs Zinc/Copper Project • Pioneer Dome Lithium • A$4
Slide 17: Mineral Resources Table
A QUALITY PROJECTS FOR THE ENERGY REVOLUTION MINERAL RESOURCES TABLE For personal use only SULPHUR SPRINGS Resource Category Tonnes (kt) Cu % Pb % Zn % Ag gpt Au gpt NOTES SULPHUR SPRINGS PROJECT 1. The copper equivalent grades for Woodlawn (CuEq) are based on copper, lead, zinc, silver and gold pri