Develop Global (DVP) RRS Gold Coast 2025 summary

Strategic positioning and industry context

• Positioned as a leading copper and base metals platform on the ASX, with unique organic and inorganic growth capabilities.

• Significant sector consolidation has left few competitors, creating opportunities for capital inflow and talent acquisition.

• Five-year business plan progressing rapidly, with key pillars and D&A capability in place.

• Strong institutional interest, including major funds increasing stakes, and a robust balance sheet with over $200 million.

• Tax loss position will support profitability and growth without immediate tax liabilities.

Operational achievements and growth initiatives

• Workforce of 650, all equity holders, with plans to reach 1,000 employees by August next year.

• Woodlawn mine in ramp-up phase, exceeding nameplate processing rates and producing saleable copper, lead, and zinc concentrate.

• Three years of production fully developed at Woodlawn, with spatial separation between production and development activities.

• Second jumbo being added to Woodlawn to increase production flexibility and mine planning options.

• Plans to convert 3.9 million tons of in-mine material and drill satellite deposits to extend mine life.

Expansion and value creation

• Focused on growing Woodlawn from a 10-year to a 15-year mine plan, targeting value similar to recent $2 billion sector acquisitions.

• Accelerating Sulphur Springs project, updating DFS, and expanding mill size to increase production by 20%.

• Benefiting from lower treatment charges and higher commodity prices, with updated DFS expected in December quarter.

• On-site activities at Sulphur Springs underway, aiming for an eight-year mine plan with potential to extend to 15 years.

• Mining services division achieved $212.6 million turnover in three years, now a key value driver.