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Develop Global Limited (ASX: DVP) is an Australian mining and mining services company, focused on advancing a unique hybrid model combining mine ownership and contracted underground mining services. The company owns a portfolio of high-value assets, including the Woodlawn copper-zinc project, Pioneer Dome lithium project, and Sulphur Springs zinc-copper project, all located in Tier-1 mining jurisdictions across Australia. Each project is strategically positioned to meet the growing demand for energy transition metals, with Woodlawn and Sulphur Springs fully permitted and advancing toward production phases. Develop Global’s mining services division further enhances its capabilities, with multiple long-term contracts contributing to a stable revenue base and providing the expertise needed to optimize its own mining operations.

With a strong focus on environmental, social, and governance (ESG) principles, Develop Global is committed to producing some of the world’s cleanest energy transition metals. The company’s leadership team, led by Managing Director Bill Beament, brings decades of mining experience, particularly in underground operations. Through an innovative approach to operational efficiency and community partnership, Develop Global has established itself as a socially responsible operator, well-positioned to contribute to global decarbonization efforts.

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Develop Global Limited presents a compelling investment opportunity as it executes its dual growth strategy through mine development and mining services. The flagship Woodlawn project, projected to generate A$2.6 billion in revenue over its 10-year mine life, provides significant cash flow potential and is fully funded through to production in 2025, bolstered by a strategic financing and offtake agreement with global commodities leader Trafigura. The company’s Pioneer Dome lithium project and Sulphur Springs zinc-copper project, both progressing through detailed engineering and permitting phases, align Develop Global with the expanding global demand for battery and renewable energy metals.

The mining services division also supports Develop’s growth, providing immediate revenue generation through contracts with major industry players, including Bellevue Gold and Westgold. As demand for skilled underground operations rises, Develop’s established capabilities and access to a vast network of underground personnel position it competitively in the sector. Together, these factors ensure that Develop Global not only offers substantial near-term returns but also sustainable long-term growth aligned with global energy transition initiatives.

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Develop Global Limited is led by an accomplished management team with deep expertise in mining operations, project development, and corporate governance. At the helm is Managing Director Bill Beament, a veteran of the Australian mining sector with over 25 years of experience in underground mining and resource development. Known for his leadership and operational acumen, Beament has a proven track record of transforming mining assets into high-performing, cash-generating operations.

Supporting Beament is a seasoned executive team, including Chief Financial Officer graduated from the University of Western Australia in 2001, with a Bachelor of Commerce majoring in accounting and finance. He then commenced his professional career with EY Perth. Mr MacKinnon was previously CFO of Force Equipment for five years, which was eventually sold to ASX listed Emeco Holdings for +$70m in 2017. 

Together, the management team’s expertise in underground mining, financial strategy, and project management drives Develop Global’s vision of becoming a leading producer of energy transition metals while maintaining a commitment to environmental and community stewardship. The team’s experience and industry relationships also provide a competitive advantage in securing strategic partnerships and financing for growth.

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Develop Global Limited’s growth strategy is centered on advancing its hybrid business model, combining mine ownership with a specialized underground mining services division. The company is actively progressing its flagship Woodlawn copper-zinc project, with a production restart planned for 2025, supported by a financing and offtake agreement with Trafigura. This strategic partnership not only ensures funding for Woodlawn but also strengthens Develop’s market position in the copper and zinc sectors, both critical for energy transition technologies.

To complement its own project pipeline, Develop’s mining services division continues to expand, providing immediate revenue through long-term contracts with prominent industry players. This division enables Develop to leverage its expertise in underground operations, maximizing asset performance for third parties while generating stable cash flow to support internal projects. Develop's Sulphur Springs and Pioneer Dome projects are positioned to capitalize on the increasing demand for lithium and other battery metals, with both assets advancing through permitting and feasibility stages.

By combining sustainable practices with a disciplined approach to project development, Develop Global aims to secure a prominent role in the production of clean energy metals. The company’s commitment to environmental, social, and governance (ESG) principles further enhances its appeal to investors focused on sustainable growth in high-demand sectors, aligning Develop with the global shift toward decarbonization. Through this comprehensive growth plan, Develop Global is positioning itself as a future leader in Australia’s mining landscape and a key contributor to the global energy transition.

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Develop Global Limited is in a strong financial position, bolstered by robust revenue streams from both its mining services division and its high-value mining assets. As of June 2024, the company maintains a solid cash position of A$41 million and holds undrawn asset financing facilities of A$40 million to support ongoing growth initiatives. Develop’s strategic financing agreement with Trafigura provides additional security, with a flexible A$100 million prepayment and loan facility that funds the development of the Woodlawn project.

The company’s flagship assets, Woodlawn, Sulphur Springs, and Pioneer Dome, collectively promise substantial future cash flow. Woodlawn alone is projected to generate A$2.6 billion in revenue and A$1.1 billion in free cash flow over its 10-year mine life, with a pre-tax NPV of A$728 million. Develop’s mining services division contributes further financial strength, with an expected revenue of A$200 million for FY2025 through long-term contracts with leading mining companies. With minimal corporate debt and a balanced approach to capital allocation, Develop Global is well-positioned to deliver consistent returns while advancing its clean energy metal production.

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Develop Global Limited is strategically positioned as a leader in Australia’s emerging energy transition metals sector, uniquely leveraging a hybrid model of mine ownership and mining services. With its flagship Woodlawn copper-zinc project on track for production in 2025, supported by a robust financial partnership with Trafigura, the company is well-equipped to generate substantial cash flow and capture growing demand for clean energy metals. The Pioneer Dome and Sulphur Springs projects further enhance Develop’s portfolio, offering significant potential to meet rising lithium and zinc demands in the coming years.

Guided by a seasoned management team and a commitment to environmental, social, and governance (ESG) standards, Develop Global prioritizes sustainable practices and strong stakeholder engagement as part of its growth strategy. Its mining services division, delivering stable revenue through partnerships with key industry players, provides a resilient foundation to support the company’s own development projects and manage risk.

For investors seeking exposure to the clean energy metals market with a focus on operational excellence and sustainable growth, Develop Global Limited represents a compelling opportunity. With a disciplined approach to development and a long-term vision aligned with global decarbonization goals, Develop Global is poised for success in the high-demand, high-impact world of energy transition metals.

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