Australia's Develop Global rises most in week on WA project resource estimates update

Develop Global

06/09/2022 04:05

** Shares of resource exploration company Develop Global
 DVP.AX  rise as much as 4% to A$2.36, eyeing their best session
since Aug. 30
    ** Completes updated mineral resource estimate for its
Sulphur Springs deposit in Western Australia  urn:newsml:reuters.com:*:nASXbGFgGL
    ** Says total resource increased 15% to 1.3 Mt of contained
zinc-equivalent
    ** Definitive Feasibility Study underway and scheduled to be
completed by early 2023 - DVP
    ** Stock down ~41% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))