Develop Global Limited (AU:DVP) has released an update.
Develop Global Limited has finalized a significant A$100 million loan facility with Trafigura, alongside a five-year offtake agreement, to bolster its Woodlawn copper-zinc mine project. The company is on track for its first concentrate production by June next year, as refurbishment efforts at the processing plant reach the halfway mark. With underground ore production slated to begin soon, Develop aims to secure substantial cash flow and debt repayment through its strategic mining operations.
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