• Concentrate production started and cashflow is here
• Hybrid business model of mine ownership and mining services
• Flagship assets include Woodlawn Cu/Zn mine, Sulphur Springs Zn/Cu project, and Pioneer Dome Li project

Develop Global Ltd, an ASX-listed energy transition metals company, has provided an important investor update. The company has started concentrate production and cashflow at its Woodlawn Copper/Zinc Mine, which it purchased in May 2022. The mine has a substantial underground resource of 11.3Mt at 4.1% copper equivalent and an underground reserve of 6.0Mt at 2.9% copper equivalent. The first three years of steady-state production are expected to deliver around A$450 million in free cashflow. The company has also made progress on its Sulphur Springs Zinc-Copper Project, which has a resource of 17.4Mt at 5.8% zinc, 1.0% copper, and 21g/t silver, and a reserve of 8.8Mt at 5.4% zinc, 1.1% copper, and 21g/t silver. The project is expected to deliver around 30ktpa of copper equivalent production. Additionally, Develop Global has the Pioneer Dome Lithium Project, which has a resource of 11.2Mt at 1.2% Li2O. The company has a hybrid business model, with both mine ownership and a mining services division, and it is well-positioned to capitalize on the growing demand for energy transition metals.

Woodlawn Copper/Zinc Mine: ~22ktpa copper equivalent production. Sulphur Springs Zinc-Copper Project: ~30ktpa copper equivalent production. Pioneer Dome Lithium Project: ~200ktpa of 5.5% lithium spodumene concentrate.

Develop Global is well-positioned to be the preeminent copper and base metals company on the ASX, with a unique capability to develop and unlock opportunities. The company has established a great platform for growth and value creation.