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Develop Global Limited (ASX:DVP)

ALERT: Price-sensitive ASX Announcement for DVP
Current share price for DVP : $4.760 -0.86 (-15.30%)+
Announcement
Release
28 Jul 2026 8:27AM
Price at Release
$5.620
Full Release
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Summary
Develop Global Limited reported a successful June quarter in 2026 with significant developments across its mining projects and services. The company achieved record revenues and production, largely due to the ramp-up of its Woodlawn copper-zinc mine and progress on the Sulphur Springs and Pioneer Dome projects. Develop secured a $570 million debt facility with Trafigura to fund these ventures. The company also won several substantial contracts, including a $274 million deal with Core Lithium for the BP33 lithium mine and a $200 million contract with OceanaGold at the Waihi gold project. Despite the conclusion of its contract with Bellevue Gold, Develop's workforce and mobile fleet are being effectively redeployed. The company's financial position remains strong, with a cash balance of A$123 million and substantial undrawn debt facilities available to support future growth.
Key Points
  • Record quarterly revenue of A$147 million.
  • Significant development at Woodlawn copper-zinc mine.
  • Final Investment Decision on Sulphur Springs and Pioneer Dome projects.
  • Secured A$570 million debt facility with Trafigura.
  • Awarded A$274 million contract with Core Lithium.
  • Awarded A$200 million contract with OceanaGold.
  • Conclusion of Bellevue Gold contract with redeployment of resources.
  • Cash balance of A$123 million as of June 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.