Develop Global Limited (AU:DVP) has released an update.
Develop Global Limited announced impressive results for its Woodlawn Copper-Zinc Mine, with an 80% increase in reserves and a projected A$1 billion in pre-tax free cashflow. The mine’s restart study promises substantial shareholder value, with a low re-start capital cost of A$42 million and significant financial strength even at metal prices below current spot rates. The company also reported safe operations with no recordable injuries and is progressing towards a production re-start decision.
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