Develop Global Limited Poised for Strong Growth

Develop Global Limited (AU:DVP) has released an update.

Develop Global Limited announced significant advancements in its Woodlawn Copper-Zinc Project, with funding and offtake discussions nearing completion and an expected net present value (NPV) increase. The mine is poised for a low-risk production restart, backed by substantial capital investment and reserves, and is anticipated to generate A$1 billion in free cash flow over its 10-year plan. Additionally, the company reported robust growth in its Mining Services business, expecting a revenue increase of approximately 50% in FY25.

For further insights into AU:DVP stock, check out TipRanks’ Stock Analysis page.