Develop Global Limited · ASX:DVP
Develop Global — Investor Presentation (February 2024)
17 slides from Develop Global's investor presentation, February 2024
Slide 1: Leveraged Opportunity to the World's Energy Transition
ASX: DVP LEVERAGED OPPORTUNITY TO THE WORLD’S ENERGY TRANSITION • ENERGY TRANSITION METALS OWNERSHIP • SPECIALIST UNDERGROUND SKILLS COMPANY PRESENTATION - FEBRUARY 2024
Slide 2: Important Information and Disclaimer
IMPORTANT INFORMATION AND DISCLAIMER Authorisation This Presentation has been authorised for release by the Managing Director. Disclaimer The information contained in this document (“Presentation”) has been prepared by DEVELOP Global Limited ABN 28 122 180 205 (“Company”). This Presentation is being
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: Designing for sustainability from the outset
OUR SUSTAINABILITY STRATEGY CONCEPT DESIGNING FOR SUSTAINABILITY FROM THE OUTSET 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 THREE FOUR
Slide 7: Tjiwarl-Develop JV
OUR SUSTAINABILITY STRATEGY TJIWARL-DEVELOP JV 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 • First multi-million-dollar contract at Bellevue Gold via the run of mi
Slide 8: Woodlawn Copper/Zinc Mine
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN COPPER/ZINC MINE • 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 operational team 2. Develop
Slide 9: Woodlawn Strategy
A QUALITY PROJECT FOR THE ENERGY REVOLUTION WOODLAWN STRATEGY • Underground capital development and setting up site infrastructure to de-risk a restart scenario, now complete • 1 million tonnes, first 18 months of ore production has been developed in the Kate lens (1st lens) • Aiming to grow the und
Slide 10: Pioneer Dome Lithium Project
A QUALITY PROJECT FOR THE ENERGY REVOLUTION PIONEER DOME LITHIUM PROJECT Tier-1 Location within WA’s 'Lithium Corridor’ • Acquisition of Essential Metals was completed in early November 2023 • Strategic lithium Resource in the Eastern Goldfields; WA’s ‘lithium corridor” • Pioneer Dome lithium projec
Slide 11: Essential Metals Limited – Third Leg
A QUALITY PROJECT FOR THE ENERGY REVOLUTION ESSENTIAL METALS LIMITED – THIRD LEG 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 metallurgical optimisation
Slide 12: 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 (8.4% ZnEq2) located in the Tier 1 mining district of WA • This was the sole asset Venturex recapitalised on (market cap A$40
Slide 13: 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 CULTURE CAPABILITY CASHFLOW 01 02 03 • Upcoming/underway activity
Slide 14: Mining Services Bellevue Gold - ~A$400M Contract
WORLD-CLASS UNDERGROUND CAPABILITY MINING SERVICES BELLEVUE GOLD - ~A$400M CONTRACT 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. Limits risk to Dev
Slide 15: Funding and Balance Sheet
WORLD-CLASS UNDERGROUND CAPABILITY FUNDING AND BALANCE SHEET DVP 31 December 2023 Balance Sheet • Strong cash position at 31 January 2024 of A$40m (Unaudited) • Equipment finance debt of A$29.3m at 31 December 2023, Cash $32.5m which has been used to fund equipment for Bellevue mining Other Current
Slide 16: Value Creation So Far
VALUE CREATION SO FAR.. ASX STOCK SHARE MARKET CASH ENTERPRISE CODE PRICE CAPITALISATION (31 DECEMBER 23) VALUE DVP A$ 2.25 A$544M A$32M 242m shares on issue No Corporate Debt A$ 512M • Woodlawn Zinc/Copper Mine • Pioneer Dome Lithium • Sulphur Springs Zinc/Copper Project • A$450M Underground SUBSTA
Slide 17: Mineral Resources Table
A QUALITY PROJECTS FOR THE ENERGY REVOLUTION MINERAL RESOURCES TABLE 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 prices of US$8144t Copper
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