Develop Global Ltd Reports Record Quarterly Results
Key points
- Woodlawn mines and processes record tonnes, Pioneer Dome delivers first ore
- Yitirrti development ahead of schedule
- Operating free cashflow of A$29.6M; Invested A$58.6M in new mine growth
Full summary
Develop Global Ltd is pleased to report strong results for the September 2026 quarter, with record ore mined and processed at Woodlawn, first ore produced at Pioneer Dome, and significant construction progress at Yitirrti. The company achieved a quarterly record of 202,334t of ore mined and 201,130t of ore processed at Woodlawn, with consistent recoveries across all concentrates. First ore was mined at Pioneer Dome, and the first Direct Shipping Ore (DSO) shipment is on track for the December quarter. Construction progress at Yitirrti is ahead of schedule, with the first concentrate set for the June 2028 quarter.
Guidance
FY27 production and cost guidance released for group activities
Outlook
Develop Global Ltd expects to see substantial increases in Mining Services revenue towards the end of FY27 as contracts transition to steady-state contracted mining physicals.
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