• Production at Woodlawn has exceeded the project's nameplate capacity rate
• Mined ore and processed tonnes increased significantly in Q1 2026
• Concentrate tonnages and value increased by 50% and 66% respectively

Develop Global Limited (ASX: DVP) has announced that it has reached steady-state production at its Woodlawn copper mine in NSW. This major milestone comes after a highly successful March quarter, which saw significant increases across all key operational metrics compared to the previous quarter. Mined ore tonnages at Woodlawn totaled 80,510 in March, with total ore mined for the quarter up 46.4% to 181,973 tonnes. Processing tonnes were up 25.2% to 176,550, while metal concentrate tonnages increased by 50% to 14,219 and the value of metal concentrates was up 66%. Develop's Managing Director, Bill Beament, stated that the ramp-up at Woodlawn has met or exceeded all targets, ensuring the company achieved steady-state production in line with its stated timetable. He highlighted that Develop has done everything possible to reduce risk, including extensive infill drilling, using low-grade ore in the ramp-up, and implementing a bottom-up development strategy to ensure operational flexibility and consistency. Additionally, Develop's direct exposure to diesel costs is one of the lowest in the sector, with diesel representing only 1.3% of Woodlawn's costs in the financial year to 28 February 2026.