Brief: Develop Global Says Updated DFS On Sulphur Springs Reflects 9% Increase In Rev Per Tonne Mined

Develop Global

30/06/2023 02:26

June 30 (Reuters) - Develop Global Ltd  DVP.AX :
    * UPDATED DEFINITIVE FEASIBILITY STUDY ON SULPHUR SPRINGS
REFLECTS
9% INCREASE IN REVENUE PER TONNE MINED
    * UPDATED DFS AT SULPHUR SPRINGS AVERAGE SHOWS ANNUAL
PRODUCTION
FOR FIRST 4 YRS OF 80.8KT OF ZINC METAL AND 16.4KT OF COPPER
METAL
    * UPDATED DFS REFLECTS ORE RESERVE INCREASED TO 8.8MT AT
1.05%
COPPER AND 5.6% ZINC
    * UPDATED DFS AT SULPHUR SPRINGS SHOWS UPFRONT CAPITAL
REQUIREMENT
OF A$296M
    * UPDATED DFS AT SULPHUR SPRINGS SHOWS LIFE OF MINE PAYABLE
METAL
OF 490KT ZINC AND 83KT COPPER

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