Develop Global Says New South Wales Copper-Zinc Mine Concentrate Sale Brings in AU$19.7 Million in September Quarter, Shares Fall 4%

MT Newswires Live10-28

Develop Global (ASX:DVP) said that its revenue for the September quarter from concentrate sales from the Woodlawn copper-zinc mine in New South Wales came in at AU$19.7 million, from 7,962 tonnes of Woodlawn concentrate, according to a Tuesday Australian bourse filing.

Site commissioning at the mine is proceeding according to plan, and the ramp-up is in line with the project schedule, per the filing.

Around 130,126 tonnes of development and stope ore were mined for the quarter, increasing 22% from the preceding quarter. Mining ramp-up to steady-state is on track for the March 2026 quarter. The mine is forecasted to hit its nameplate capacity of 850,000 tonnes-per-annum in the March 2026 quarter.

The firm's mining services agreement with Bellevue Gold was extended by seven months, with the extension contract value of around AU$130 million.

The firm's shares fell 4% in recent trading on Tuesday.

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