Sulphur Springs Project
A Western Australian project producing commercial-grade copper and zinc.
The Sulphur Springs project is located 144 km to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 km Panorama Trend that contains six advanced targets that have returned intersections of commercial grade copper and zinc.
Once the Sulphur Springs project is operational the focus is to continue exploration along the Panorama Trend with a vision to develop a new mining region.
Whim Creek Joint Venture Project
Located 115 km to the south west of Port Hedland the Project includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits.
The Whim Creek JV Project includes crushing and heap leach infrastructure, offices, workshops and established water supplies, along with a regional exploration package with gold and base metal prospectivity. 67,000 tonnes of copper was produced from historic (near surface) oxide ores of the deposits.
In 2020, the Company executed an unincorporated Joint Venture with Anax Metals Limited (ASX: ANX) to acquire 80% interest in the Whim Creek Project via staged cash payments to DVP and additional earn-in expenditure. DEVELOP retains a 20% interest that is free-carried through to a decision to mine.
Woodlawn is a high-grade zinc-copper-lead-gold-silver project located in the world-class Lachlan Fold belt in NSW, 250km south-west of Sydney and 40km south of Goulburn.
The Woodlawn mine operated from 1978 to 1998 and processed 13.8Mt of ore from the Woodlawn open pit, underground and minor satellite deposits. Following its closure, the project was acquired by ASX-listed Heron Resources. Heron developed the underground mine and processing plant, investing ~A$340 million in the project before it was put on care and maintenance in 2020. Heron was placed in administration in July 2021.
Develop completed its acquisition of Woodlawn and the extensive tenement package in May, 2022 for A$30m upfront and success driven milestone payments. The acquisition included the underground mine and the new processing plant and site infrastructure.