Develop Global Makes Final Investment Decisions for Sulphur Springs, Pioneer Dome Projects

MT Newswires Live

06/10

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.

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