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Develop Global Limited ( (AU:DVP) ) just unveiled an announcement.
Develop Global Limited has released an updated Definitive Feasibility Study (DFS) for its Sulphur Springs Zinc-Copper Project, highlighting a significant increase in financial metrics with a pre-tax internal rate of return of 59% and free cash flow of approximately A$1.5 billion. The study outlines a new bottom-up mining approach, enhancing flexibility and de-risking the project, while positioning the company to benefit from the anticipated rise in demand for clean energy transition metals. The project is set to proceed with off-take agreements, project funding, and pre-development activities, aiming to leverage the untapped geological potential and extend the mine’s life.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.50 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 the extraction and production of critical metals such as copper and zinc. The company is involved in projects like the Sulphur Springs Zinc-Copper Project in Western Australia and the Woodlawn Copper-Zinc mine in New South Wales, positioning itself to capitalize on the growing demand for clean energy transition metals.
Average Trading Volume: 1,751,571
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.42B
For a thorough assessment of DVP stock, go to TipRanks’ Stock Analysis page.