• Woodlawn copper mine achieved steady-state production rate of 850,000 tonnes per annum
• Sulphur Springs zinc-copper project progressing rapidly, with FID set for June quarter 2026
• Pioneer Dome lithium project positioned to capitalize on strengthening lithium market conditions

Develop Global Limited (ASX: DVP) has reported on a highly successful March quarter, during which the company declared commercial production at its Woodlawn copper mine, progressed its Sulphur Springs copper-silver-zinc project towards a final investment decision, and started preparations for a DSO lithium mine at Pioneer Dome. Woodlawn has met and exceeded targets, with mining and processing rates successfully stress-tested above nameplate capacity. The company is now set to increase cashflow generation as mining moves into higher-grades, coupled with historically low treatment charges. At Sulphur Springs, the underground decline is well ahead of schedule, and long-lead items have been ordered for the processing plant. Develop is on track for a final investment decision in the current quarter, with strong interest from third parties for project financing and offtake. At Pioneer Dome, grade control drilling is underway with the aim of establishing a high-margin direct shipping ore operation, and Develop is in discussions concerning funding and offtake. These projects are progressing in parallel with Develop's growing mining services division, which will see the company lodge tenders for A$2.5 billion of work in the current quarter.

Develop Global is set for rapid growth as its three mining projects progress. Woodlawn is now in commercial production and expected to increase cashflow generation, Sulphur Springs is on track for a final investment decision in the current quarter, and Pioneer Dome is positioning to capitalize on the resurgent lithium market. The company's mining services division also continues to grow, with a A$2.5 billion pipeline of tenders and negotiations underway.