Develop Global Declares Commercial Production at New South Wales Copper-Zinc Project; Shares Reach 14-Year Peak

MT Newswires Live

04/23

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.

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Concentrate production increased 50% to 14,119 tonnes.</p><p>The company is also targeting a final investment decision for the Sulphur Springs copper-silver-zinc project in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> in the June quarter.</p><p>Develop Global's shares rose past 5% in recent trading on Thursday and earlier reached a 14-year high point.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多種金屬與採礦","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2629070925","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629070925","pubTimestamp":1776908849,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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