Highlights

  • Develop Global generated record June 2026 quarter Revenue of A$147 million.
  • The company operates an integrated platform spanning base metals production and Mining services.
  • Develop’s key Assets include Woodlawn in New South Wales and Pioneer Dome in Western Australia.
  • The company ended the period with A$123 million in cash and an undrawn US$388 million Trafigura facility.

Develop Global Limited (ASX:DVP) continues to strengthen its position as an integrated mining company, combining base metals production with specialised mining services capabilities. The company’s portfolio includes the Woodlawn base metals project in New South Wales and the Pioneer Dome project in Western Australia, alongside its mining services operations.

Develop’s integrated model provides exposure to both resource production and mining services activities, allowing the company to participate across different stages of the mining value chain. Recent operational performance has highlighted the growing scale of the Business and its ability to generate stronger financial outcomes.

Record Quarter

Develop delivered record revenue of A$147 million during the June 2026 quarter, reflecting continued operational progress across its business.

The quarterly result highlights the company’s ability to expand revenue generation while leveraging its integrated operating model. Strong performance from mining services activities and base metals operations contributed to the improved financial outcome.

Achieving record quarterly revenue provides further evidence of Develop’s growing operational footprint and its focus on building a sustainable mining platform.

Asset Portfolio

Develop’s asset base includes the Woodlawn project in New South Wales, a key base metals operation, and Pioneer Dome in Western Australia, which represents a longer-term growth opportunity.

The company’s combination of production assets and mining services capabilities creates Diversification across the resources sector.

Through its integrated approach, Develop aims to capture opportunities from both Commodity production and the increasing Demand for specialised mining contractors.

Financial Strength

Develop ended the period with A$123 million in cash, supported by a strong Liquidity position and access to additional funding capacity.

The company also maintained an undrawn US$388 million balance under its Trafigura facility, providing further financial flexibility to support operations and future growth initiatives.

A strong Balance Sheet allows Develop to continue investing in its projects while maintaining flexibility through different stages of the commodity cycle.

Growth Outlook

Develop’s growth strategy is focused on expanding its mining services capabilities, optimising its existing operations and progressing its resource projects.

The company’s exposure to base metals provides potential long-term opportunities, particularly as demand for critical minerals continues to increase.

Continued operational delivery at Woodlawn and development progress across its broader portfolio will remain important drivers of future growth.

Investor Focus

Investor attention is likely to remain focused on Develop’s ability to maintain revenue momentum, improve operational performance and effectively utilise its financial capacity.

The combination of mining services expertise, producing assets and access to funding provides the company with multiple pathways for expansion.

However, execution across projects and market conditions within the resources sector will remain important considerations for future performance.

Risks Ahead

Develop Global faces risks associated with commodity price movements, mining project execution, operational challenges and changes in customer demand.

Base metals production may be affected by market conditions, while mining services activities remain dependent on contract wins, project timelines and cost management.

Maintaining operational efficiency and disciplined Capital allocation will remain key to achieving long-term objectives.

Conclusion

Develop Global (ASX:DVP) is building momentum as an integrated mining company following record quarterly revenue and a strengthened financial position. Its combination of base metals exposure, mining services capability and access to significant funding flexibility provides a foundation for future growth.

As the company continues to develop its asset portfolio and expand its operating platform, successful execution across its projects will remain central to delivering long-term value.