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MLG Oz's Develop Global Contract Positions it Alongside Emerging Mineral Producer, Euroz Hartleys Says

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MLG Oz's (ASX:MLG) contract with Develop Global (ASX:DVP) positions the firm alongside an emerging mineral producer, while also drawing on MLG's prior experience in the lithium services market, Euroz Hartleys said in a Tuesday note.

MLG was awarded a fully integrated open pit mining and crushing services contract at the inaugural mining stage of the Pioneer Dome lithium project in Western Australia. The initial 12 month campaign is expected to commence in July and generate around AU$70 million of revenue, contracted in full within fiscal 2027.

The integrated scope is important, spanning drill and blast, load and haul, crushing and site services under a single accountable framework.

The investment firm maintained its buy recommendation and price target of AU$1.06 per share.

MLG Oz's shares were up 5% in recent Tuesday trade, while Develop Global's shares added about 1%.

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