DEVELOP MAKES FID ON TWO GROWTH PROJECTS AND SECURES FUNDING
| Stock | Develop Global Ltd (DVP.ASX) |
|---|---|
| Release Time | 10 Jun 2026, 8:29 a.m. |
| Price Sensitive | Yes |
Develop Global Secures Funding for Growth Projects
- Develop finalizes investment decisions on Sulphur Springs and Pioneer Dome projects
- Secured US$400 million funding package from Trafigura
- Offtake agreements in place for both projects
- Trafigura to provide financing and offtake for both projects
Develop Global Ltd (ASX:DVP) has made Final Investment Decisions (FID) on its Sulphur Springs Copper-Silver-Zinc and Pioneer Dome Lithium projects. The company has secured a US$400 million (~A$570 million) debt facility and warrant package from Trafigura, including offtake agreements for both projects. The Sulphur Springs project is expected to produce first concentrate in the June 2028 quarter, while Pioneer Dome is set for first DSO sales in the December 2026 quarter. The agreements position Develop for substantial free cashflow generation from three producing projects in Australia and its mining services division. Develop has also entered into a binding Co-operation Agreement with Trafigura to collaborate on future opportunities.
US$400 million (~A$570 million) debt facility and warrant package from Trafigura
Develop expects substantial free cashflow generation from three producing projects in Australia and its mining services division.