• Develop Global awarded A$274m contract for underground development and production at Core Lithium's Finniss Lithium Project
• Contract has minimum 3-year term with 2-year extension option, expected to generate steady-state annual revenue of A$120m
• Mobilization to commence in June 2026, with underground mining scheduled to start in July 2026

Develop Global Limited (ASX:DVP) has been awarded a A$274 million contract to undertake all underground development and production activities at Core Lithium's (ASX: CXO) Finniss Lithium Project in the Northern Territory. The contract, which has a minimum three-year term with a two-year extension option, is expected to generate steady-state annual revenue of A$120 million. The scope includes surface infrastructure and portal establishment at the BP33 mine and associated underground mining activities. Develop expects to be mobilising people and equipment in June 2026, with underground mining scheduled to commence in July 2026. The mobilisation will include re-allocating Develop personnel from Bellevue to Core. The BP33 deposit is a large lithium orebody central to the Finniss Operation, providing a long-life, low-cost underground production base with more than 10 years of mine life and significant exploration upside. Core Lithium is listed on the ASX and has a market capitalization of ~A$1 billion. Separately, Develop advises that work is now underway as part of its recently awarded five-year contract at OceanaGold's Waihi North Project in New Zealand.

The contract with Core Lithium is expected to generate steady-state annual revenue of A$120 million.