Pioneer Dome Project Update

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Stock Develop Global Ltd (DVP.ASX)
Release Time 30 Jun 2026, 8:13 a.m.
Price Sensitive Yes
 Develop Global Awards Mining Contract for Pioneer Dome Lithium Project
Key Points
  • Develop has awarded the mining contract to MLG Oz for Pioneer Dome.
  • The project is on track for production and cashflow in the December quarter.
  • High-grade lithium results from drilling highlight potential to increase resource grade.
  • Pioneer Dome is fully funded with a $400m financing and offtake package with Trafigura.
  • Updated resource and grade control model planned for the September quarter.
Full Summary

Develop Global Limited (ASX: DVP) has awarded a $70 million open pit mining and crushing contract to Kalgoorlie-based MLG Oz Limited (ASX: MLG) for its Pioneer Dome lithium mine. This contract ensures Pioneer Dome is on track for production in the December quarter of 2026. The scope of the contract includes drill and blast, load and haul, crushing and screening, and all other supporting surface activities. MLG was selected following a competitive tender process focused on reducing execution risk and selecting a contractor with strong operational capability in the Goldfields region and relevant experience in surface mining and hard-rock lithium. MLG's Kalgoorlie headquarters, significant regional workforce, and maintenance facilities close to Pioneer Dome underpinned its selection. MLG also has extensive lithium crushing experience, including its role at Mineral Resources' Bald Hill lithium mine. To complement MLG, Develop will augment the owner's team at Pioneer Dome with experienced production staff. MLG's mobilisation is targeted for mid-July 2026, with mining operations scheduled to commence in August 2026 and crushing from September 2026.