Develop Global Issues Production, Capital Expenditure Guidance for Fiscal 2027

MT Newswires Live
Sep 29

Develop Global (ASX:DVP) issued fiscal 2027 production guidance for its Woodlawn copper-zinc mine in New South Wales of 775,000 tonnes to 875,000 tonnes of ore at an average grade of 2.7% copper equivalent, according to a Tuesday filing with the Australian bourse.

The company also set fiscal 2027 production guidance for its Pioneer Dome lithium mine in Western Australia of 650,000 tonnes to 750,000 tonnes of ore mined at an average grade of 1.2% lithium oxide, per the filing.

The group's fiscal 2027 budgeted growth capital expenditure is AU$411 million to AU$458 million, mainly related to construction of the Pioneer mine and Yitirrti copper-silver-zinc project in Western Australia, while its budgeted sustaining capital expenditure is AU$30 million to AU$35 million.

Combined with budgeted exploration expenditure of AU$11 million to AU$13 million, Develop Global's total capital expenditure guidance for fiscal 2027 is AU$452 million to AU$506 million.

The company's Develop Mining Services division forecasts fiscal 2027 revenue of AU$100 million to AU$110 million.

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