DVP.ASX: $70m Integrated Mining & Crushing Contract Awarded by DVP

$70m Integrated Mining & Crushing Contract Awarded by DVP

Stock	Develop Global Ltd (DVP.ASX)
Release Time	30 Jun 2026, 8:17 a.m.
Price Sensitive	Yes

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DVP Awards $70m Mining Contract to MLG

Key Points

Award of a $70m integrated mining and crushing contract
Initial 12-month campaign expected to commence in July 2026
Contract revenue expected to be recognized within FY27

Full Summary

MLG Oz Limited has been awarded a fully integrated open pit mining and crushing services contract by Develop Global Limited for the Pioneer Dome Lithium Project in Western Australia. The contract, valued at approximately A$70.0 million, is expected to commence in July 2026 and will span a 12-month period. The scope of work includes drill and blast, ore and waste mining, load and haul, ROM stockpile management, ore rehandle, and the supply, operation and maintenance of the crushing circuit. This contract establishes MLG's services presence at one of Western Australia's emerging lithium projects.

Guidance

Approximately A$70.0 million in revenue expected from the contract within FY27

Outlook

MLG anticipates that the crushing scope may extend as Develop progresses subsequent phases of work at Pioneer Dome.