Develop Issues First FY27 Production Guidance

Develop Global (ASX:DVP) issued its first FY27 production, operating cost and capital expenditure guidance as Woodlawn moves to a full year of output and Pioneer Dome prepares to start Lithium Direct Shipping Ore sales.

Woodlawn is guided to process 775kt to 875kt of ore at an average grade of 2.7% CuEq for 21kt to 23.5kt of contained CuEq metal, with underlying operating cost of A$180 million to A$200 million. Pioneer Dome is guided to mine 650kt to 750kt of ore at 1.2% Li2O for 7.8kt to 9kt of contained lithium metal, with metal recoveries from the DSO converter expected at 70% to 85% and underlying operating cost of A$88 million to A$97 million. First Lithium DSO sales and cashflow are guided for the December 2026 quarter. Group FY27 growth capital is A$411 million to A$458 million, of which Yitirrti accounts for A$367 million to A$406 million; sustaining capital is A$30 million to A$35 million and exploration A$11 million to A$13 million. Develop Mining Services forecasts FY27 revenue of A$100 million to A$110 million. Corporate and G&A cost is A$23 million to A$25 million. A remaining A$19.9 million Woodlawn silver royalty payment is expected in FY27 and is not included in underlying operating costs. Yitirrti stays in construction in FY27 with first concentrate production targeted for the June 2028 quarter.

Guidance is forward-looking. No FY27 production or operating cost guidance is given for Yitirrti.