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An announcement from Develop Global Limited ( (AU:DVP) ) is now available.
Develop Global will conclude its underground mining contract at Bellevue Gold’s Western Australian mine on 31 July 2026, freeing about A$50 million of equipment and infrastructure for redeployment. The shift coincides with the start of a new A$274 million, three-year underground mining contract at Core Lithium’s Finniss Lithium Project in the Northern Territory, to which Develop will transfer its experienced Bellevue workforce.
The redeployed capital and personnel will support Develop’s broader growth strategy, including tenders for new contracts and ongoing work at OceanaGold’s Waihi North Project in New Zealand. The company is also advancing its own projects, fast-tracking a DSO lithium operation at Pioneer Dome and progressing the Sulphur Springs decline ahead of a final investment decision this quarter, reinforcing its position in a favourable contracting and battery metals market.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$6.60 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 an ASX-listed mining and mining services company focused on underground contract mining and the development of its own base and battery metals projects. Its key assets include the Sulphur Springs copper-silver-zinc project in the Pilbara and the Pioneer Dome lithium project in Western Australia, complemented by a growing portfolio of third-party mining contracts across Australia and New Zealand.
Average Trading Volume: 1,113,660
Technical Sentiment Signal: Buy
Current Market Cap: A$1.96B
For detailed information about DVP stock, go to TipRanks’ Stock Analysis page.