Key points
• High-grade mineralisation extends Woodlawn's mine life • New targets identified, including potential repeats of historic C Lens • Additional drill rig mobilised to expedite exploration
Full summary
Develop Global Ltd announced outstanding drilling results from its Woodlawn copper-zinc mine, supporting the company's strategy to extend the mine life by 50% to 15 years. The drilling, part of Project DM15, has returned spectacular results with grades up to 15.7% CuEq, extending known mineralisation at several lenses. The results also identified several new highly prospective targets, including potential repeats of the historic mined C Lens. Develop has mobilised an additional underground diamond drill rig to expedite Project DM15. The company also completed a maiden exploration drilling campaign at the nearby Currawang Prospect, with initial visual results promising.
Outlook
The exceptional results are expected to pave the way for further growth in the resource and reserve, underpinning another update in the mine plan. The company is optimistic about the potential of the Woodlawn mine to become a much bigger system than previously thought.