7 stories mentioning ASX:DVP
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Develop Global (ASX:DVP) said Felicity Hughes was named as its interim chief financial officer, following the resignation of Ben MacKinnon, effective July 1, according to a Monday Australian bourse filing.Hughes was most recently regional CFO at Newmont (ASX:NEM).
Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88
Develop Global (ASX:DVP) has made final investment decisions and secured funding for the development of its Sulphur Springs copper-silver-zinc project and Pioneer Dome lithium project, backed by a debt facility and warrant package of about AU$570 million from Trafigura, according to a Wednesday Australian bourse filing.The company said Trafigura has committed to offtake agreements for copper and zinc concentrates from Sulphur Springs, with construction underway and the first concentrate set for the June 2028 quarter.Trafigura has also committed to direct shipping ore (DSO) offtake from Pioneer Dome, targeting first sales in the December quarter, the filing added.Develop has entered into a binding cooperation agreement with Trafigura to partner on potential future opportunities, with the Sulphur Springs project to be renamed Yitirrti at the invitation of the Nyamal First Nations people, the filing added.
GR Engineering Services (ASX:GNG) was selected as the preferred contractor by Venturex Sulphur Springs, a subsidiary of Develop Global (ASX:DVP), to deliver engineering, procurement, and construction (EPC) works for the 1.5 million tonnes per annum Sulphur Springs copper-silver-zinc project in Western Australia, according to a Wednesday filing with the Australian bourse.The contract is estimated to be worth AU$295 million, per the filing.The contract includes design, procurement, construction, installation, and commissioning, with early works already in progress and long-lead items already ordered, the filing said.The EPC contract is expected to be formally executed soon, the filing added.
Develop Global (ASX:DVP) said infill drilling results have exceeded the resource model at its Pioneer Dome lithium project in Western Australia, according to a Thursday Australian bourse filing.The results were up to 32 meters at 1.71% lithium oxide and 52 parts per million tantalum pentoxide, from 64 meters and 37 meters at 1.62% lithium oxide and 51 parts per million tantalum pentoxide, from 64 meters.The company said a final investment decision (FID) is targeted next month based on 850,000 tonnes of direct shipping ore (DSO), with current market prices indicating above AU$500 per tonne, with the FID release to include forecast costs and cash flows.Pre-production capital cost is estimated at AU$35 million to AU$40 million, potentially to be funded through a project finance debt facility with the preferred offtake partner, with first DSO sales targeted in the December 2026 quarter, the filing added.At spot carbonate prices, indicative DSO pricing is in the range of $362 to $430 per tonne CIF China for a 1.2% lithium oxide product, based on shortlisted non-binding offtake proposals, it added.The company's shares rose 1% in recent Thursday trade.
Develop Global (ASX:DVP) has secured a AU$274 million contract with Core Lithium (ASX:CXO) to deliver all underground development and production works at the Finniss lithium project in Australia's Northern Territory, according to a Wednesday Australian bourse filing.The contract covers surface infrastructure and portal development at the BP33 mine, with mobilization expected in June and mining operations scheduled to start in July, per the filing.The deal has a minimum three-year term with a two-year extension option and is expected to generate around AU$120 million in annual revenue on a steady state basis, the filing said.The company has also started work on its newly awarded five-year contract for OceanaGold's Waihi North project in New Zealand, the filing added.
Develop Global (ASX:DVP) said it declared commercial production at the Woodlawn copper-zinc project in New South Wales after achieving and exceeding steady-state production rate of 850,000 tonnes per year during the March quarter, according to a Thursday Australian bourse filing.The Woodlawn production was stress-tested at rates in excess of its nameplate capacity, reaching a mining rate of 966,000 tonnes per annum and a processing rate of 932,000 tonnes per annum.Ore mined at the project rose 46% quarter over quarter to 181,973 tonnes, while copper-equivalent production jumped 88% to around 3,150 tonnes in the March quarter. Concentrate production increased 50% to 14,119 tonnes.The company is also targeting a final investment decision for the Sulphur Springs copper-silver-zinc project in Western Australia in the June quarter.Develop Global's shares rose past 5% in recent trading on Thursday and earlier reached a 14-year high point.