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Develop Global Limited ( (AU:DVP) ) has issued an announcement.
Develop Global Limited has commenced substantial earthworks at its Sulphur Springs zinc-copper project in Western Australia, marking a significant milestone in the project’s development. The company is focusing on constructing the underground decline and preparing surface infrastructure, which is expected to de-risk the project and enhance productivity. The updated definitive feasibility study (DFS) is scheduled for completion in the December 2025 quarter, potentially increasing the project’s financial returns and providing more funding options. This strategic approach mirrors the successful methods used at the Woodlawn mine, aiming to improve mining efficiency and reduce costs.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Develop Global Limited is a company operating in the mining industry, focusing on zinc, copper, and silver deposits. The company is involved in the Sulphur Springs Project, a high-grade zinc-copper-silver deposit located in the Pilbara region of Western Australia. The project is fully permitted for operations and aims to produce significant quantities of zinc and copper.
Average Trading Volume: 1,181,620
Technical Sentiment Signal: Buy
Current Market Cap: A$1.03B
Learn more about DVP stock on TipRanks’ Stock Analysis page.