DVP.ASX: EPC Contract Awarded to GRES for Yitirrti

EPC Contract Awarded to GRES for Yitirrti

Stock	Develop Global Ltd (DVP.ASX)
Release Time	17 Aug 2026, 8:56 a.m.
Price Sensitive	Yes

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Develop Global Awards EPC Contract to GRES for Yitirrti

Key Points

Develop awarded A$275m EPC contract to GRES for Yitirrti processing plant
Processing plant to have a capacity of 1.5Mt per annum
Total capital cost of Yitirrti estimated at A$450m

Full Summary

Develop Global Ltd has awarded GR Engineering Services Limited (GRES) a contract to design and build the processing plant for its Yitirrti Project. This major milestone ensures the Pilbara copper-zinc-silver project remains on track for production in the June quarter of 2028. The processing plant will have a nameplate capacity of 1.5Mt per annum and produce separate copper-silver and zinc concentrates. The total capital cost of the Yitirrti Project is estimated to be A$450m, including the processing plant. The project is forecast to generate strong financial returns, including an Internal Rate of Return of 37%, and have a payback period of just 23 months.

Guidance

Projected IRR of 37% and payback period of 23 months for Yitirrti

Outlook

Develop Global Ltd is on track to achieve production at Yitirrti by mid-2028, with strong financial returns expected.