DEVELOP Global Limited's 5-year business plan achievements

DEVELOP Global Limited (ASX:DVP) has outlined its 5-year business plan achievements, focusing on its hybrid business model, producing potential, world-class underground capability, funding and balance sheet, and its flagship asset, Woodlawn Copper/Zinc Mine.

Executive Commentary

The mines of the future will be underground, and the demand for underground skills is soaring. DEVELOP's executives have one of the largest networks of underground personnel in the Australian industry. The company has built its world-class underground capability and has no people attraction or retention issues. This skill base is our competitive advantage because it maximizes the performance of our own assets, provides scope to partner and joint venture with others, and helps others deliver on their decarbonization promises and diversify.

Summary

DEVELOP Global Limited's 5-year business plan achievements include a focus on annual metal output targets, establishment of long mine lives, and the operation of multiple projects to generate free cash flow. The company aims to be one of the most socially responsible and ESG friendly companies on the ASX, producing some of the world's cleanest energy transition metals. With a strong cash position, equipment finance debt, and undrawn asset financing facilities, DEVELOP is well-positioned for operational growth. The company's flagship asset, Woodlawn Copper/Zinc Mine, has seen significant progress, with key achievements in resource and reserve increases, mine plan delivery, and the release of a Production Restart Study with positive financial indicators. Additionally, the partnership with Trafigura for debt and offtake agreements has provided flexibility and improved project NPV. DEVELOP's pathway to cash flow involves planned CAPEX requirements for its projects, and the company's current enterprise value reflects its substantial assets and mining service agreements.