Key facts about Develop's Pioneer Dome Lithium Project

Develop (ASX: $DVP) has released the results of the Updated Scoping Study for its Pioneer Dome Lithium Project in Western Australia. The study outlines two economically robust options for the project, demonstrating its potential to generate strong financial returns. The first option involves building a processing plant at a cost of A$285m, while the second option is based on a mine gate sale or toll treatment arrangement with a capital cost of just A$35-40m. The project is on track to be shovel-ready by the end of this calendar year.

Executive commentary on Pioneer Dome Lithium Project

Develop Managing Director Bill Beament stated, 'The study shows Pioneer Dome is set to generate outstanding cashflow and financial returns in both of the two scenarios outlined. In light of these findings, we will advance studies on both options in parallel while we progress the approvals process and other aspects of the project. This is expected to take around six months. A decision on which route to pursue will be taken in light of the prevailing price environment at the time.'

Summary of Pioneer Dome Lithium Project's updated scoping study

The updated scoping study for Pioneer Dome Lithium Project in Western Australia demonstrates the project's potential to generate strong free cashflow. The study outlines two economically robust options, including building a processing plant at a cost of A$285m and a mine gate sale or toll treatment arrangement with a capital cost of just A$35-40m. The project is expected to be shovel-ready by the end of this calendar year. Develop's Managing Director, Bill Beament, highlighted the project's strong financial returns and the company's intention to consider various development and funding options based on the study's findings.