Develop Global Reports Mining Services Revenue of AU$212.3 Million for Fiscal Year 2025

MT Newswires Live07-28

Develop Global (ASX:DVP) mining services revenue totaled AU$212.3 million in the fiscal year ended June, up from AU$142 million in the prior year, with quarterly revenue of AU$51 million, according to a Monday filing to the Australian bourse.

The company's projects are advancing smoothly, with the Woodlawn copper-zinc mine, New South Wales, on schedule for first shipments and strong production, while the Sulphur Springs zinc-copper project, Western Australia, accelerates earthworks and decline development, with an updated definitive feasibility study due by December to de-risk construction and funding, the filing said.

The company raised AU$180 million in a share placement to accelerate growth, canceling the Woodlawn minority sale as concentrate revenues approach, with cash at AU$58 million as of June 30, the filing added.

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