Develop Global Limited · ASX:DVP
Develop Global — Resources Rising Stars (May 2023)
17 slides from Develop Global's conference presentation, May 2023
Slide 1: A Unique Investment Opportunity
ASX: DVP A UNIQUE INVESTMENT OPPORTUNITY • ENERGY TRANSITION METALS • SPECIALIST UNDERGROUND SKILLS MAY 2023
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 Pre sentation is being used as a presenter’s aid with summarised information. See DEVELOP’s other and periodic disclosur
Slide 3: Develop will utilise the power of people to produce clean metals
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 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 friendly cleanest energy
Slide 5: 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 • Develop has built its world class underground capability • We have
Slide 6: Company Core Values
COMPANY CORE VALUES DEVELOP ENVIRONMENT VALUE We aspire to be the best Everything we do aims to We create exceptional at developing our make the world a better value for our people, people, our assets and place from an environmental shareholders, clients our client’s projects. and community perspect
Slide 7: Safety Performance Statistics
OUR PEOPLE ARE OUR FLAGSHIP ASSET SAFETY PERFORMANCE STATISTICS Develop has grown substantially over the last 12 months and has an impressive safety performance, key points: • Develop major hazards have been created from over 35 years of experiences in the underground industry • Two new mine start-u
Slide 8: ESG Strategy and Roadmap
ESG STRATEGY AND ROADMAP Base Case Good Practice Leading Practice FY23 FY24 FY25 FY26 FY27 Governance Develop suite of policies, procedures and guidelines Audit performance against ESMS Establish a Sustainability Working Group Establish a Board Sustainability Committee Link remuneration with ESG per
Slide 9: Woodlawn Zinc/Copper Mine
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN ZINC/COPPER MINE • Acquired the mine in NSW, Australia; it had a profitable 20-years, producing 13.8Mt at 15.9% ZnEq • Prior owners invested ~A$340m in the operation Woodlawn mine has: 1. An established operational team 2. Substantial UG Resource
Slide 10: Woodlawn Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN STRATEGY • An updated LOM to be delivered in mid-23 • Board has approved another A$8m in underground development to enhance an early and accelerated restart scenario • Aiming to grow the underground mineral inventory and mine life to underpin a re
Slide 11: Sulphur Springs Zinc-Copper Revised Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION SULPHUR SPRINGS ZINC-COPPER REVISED STRATEGY • High-grade 17.4Mt Resource @ 5.8% Zn, 1.0% Cu & 21g/t Ag (9.5% ZnEq) located in the Tier 1 world-class Pilbara district of WA • The 2018 Definitive Feasibility Study delivered a Pre-Tax NPV8% of A$472m. Curren
Slide 12: World-Class Underground Capability
OUR PEOPLE ARE OUR FLAGSHIP ASSET WORLD-CLASS UNDERGROUND CAPABILITY MINING SERVICES IS KEY TO ACHIEVING BUSINESS PLAN Building underground capability enables Develop to build its business organically; Mining Services accelerates this 01 02 03 Created Mining Awarded ~A$400m Built mining services Ser
Slide 13: Funding Experience
FUNDING EXPERIENCE DEVELOP’S TEAM HAS EXTENSIVE EXPERIENCE IN EQUITY/DEBT MARKETS Equity Finance Debt Finance Shareholder Activities Activities Value Creation A$1.15BN A$1.25BN A$12BN Equity Raised from Debt finance Equity Value Created Capital Markets by Banks STRONG ENVIRONMENTAL, SOCIAL, EXCEPTIO
Slide 14: Value Creation So Far
VALUE CREATION SO FAR.. ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (31 MARCH 23) VALUE DVP A$ 3.10 A$545M $23.0M A$522M 176m shares on issue No Corporate Debt • Woodlawn Zinc/Copper Mine • Sulphur Springs Zinc/Copper Project • A$400M Underground Mining Services SUBSTANTIAL SHAR
Slide 15: Our Net Positive as a Company
OUR NET POSITIVE AS A COMPANY • Develop will aim to be a significant • Develop will provide extensive training producer of metals which are crucial to opportunities across a diversified range the global energy transition and which of fields, particularly for young people in will be in short supply o
Slide 16: Mineral Resources Table Woodlawn Underground
MINERAL RESOURCES TABLE WOODLAWN UNDERGROUND MINERAL RESOURCES Location JORC Tonnes NSR Zn% Pb% Cu% Au g/t Ag g/t Classification (‘000t) ($A/t) Woodlawn Measured 104 404 4.3 1.9 2.1 1.4 100.0 Underground Indicated 4,776 348 5.0 1.8 1.8 0.7 42.2 Inferred 2,461 408 6.9 2.5 1.8 0.3 47.8 Project Total 7
Slide 17: Mineral Resources Table Sulphur Springs
MINERAL RESOURCES TABLE SULPHUR SPRINGS RESOURCE METALLURGICAL TONNES (kt) NSR ($A/t) Zn% Pb% Cu% Ag g/t Au g/t Fe % CATEGORY DOMAIN Indicated Oxide 209 $381 0.3 0.1 4.2 18.9 0.1 29.8 Transitional 6,655 $313 5.7 0.3 1.4 21.8 0.1 23.9 Fresh 5,495 $289 5.8 0.3 0.9 22.0 0.1 21.0 Sub Total 12,360 $303 5