• Proven mine builders, operators and wealth creators
• Ramping up Woodlawn Copper-Zinc Mine to 850Ktpa
• Accelerating Sulphur Springs Zinc-Copper project development
• Mining Services division generating ~$200m revenue (FY25e)

Develop Global Ltd (ASX: DVP) is seeking to raise up to approximately A$180 million (before costs) through a non-underwritten placement to certain strategic investors, institutions and other sophisticated and professional investors. The funds will be used to accelerate the company's growth opportunities by approximately 2-3 years, providing the flexibility to take advantage of compelling partnership opportunities across its mine ownership and mining services division. Key highlights include: Ramping up the Woodlawn Copper-Zinc Mine to a steady state run-rate of 850Ktpa, with potential to increase to 1.0Mtpa; Accelerating the development of the Sulphur Springs Zinc-Copper project, including commencing the underground decline in Q3 2025 and an aggressive drill program to grow the mine life from 8 to 15 years; The Mining Services division currently generating ~$200 million revenue (FY25e) with opportunities to add new potential contracts in FY26. Develop has established a great platform to be the pre-eminent copper/base metals company on the ASX, leveraging its proven team of mine builders, operators and wealth creators.

Develop's Mining Services division is currently generating ~$200 million revenue in FY25 (based on year-to-date May revenue plus June forecast).

The A$180 million equity raise will enable Develop to accelerate the company's growth opportunities by approximately 2-3 years and provide the flexibility to take advantage of compelling partnership opportunities across its mine ownership and mining services division.