Develop Global (DVP) investor relations material

Strategic business plan and growth outlook

• A five-year business plan is underway, with key milestones achieved and a focus on executing two new mine builds in the next two to three years.

• Targeting over 50,000 tons of copper equivalent and 200,000 tons of spodumene per annum in the near term.

• Annual EBITDA is projected to reach close to AUD 1 billion within three years, with significant upside if commodity prices remain strong.

• Share price trajectory is tracking similarly to a previous successful venture, with expectations of a major growth phase in the next two to three years.

Project updates and operational performance

• Woodlawn mine achieved steady-state production in the March quarter, with annual revenue around AUD 375 million and costs near AUD 200 million.

• Exploration at Woodlawn is progressing, aiming to extend mine life from 10 to 15 years, with a goal to demonstrate this within 12-18 months.

• Pioneer Dome lithium project is ramping up, with first ore shipment expected in the December quarter and positive free cash flow anticipated next quarter.

• Pioneer Dome's underground potential is being finalized, targeting an eight-year mine life and 1 million tons per annum.

• Yitirrti (formerly Sulphur Springs) is advancing rapidly, with construction milestones met and production expected to deliver AUD 600 million annual revenue within two years.

Financing and strategic partnerships

• Secured AUD 575 million in debt financing from Trafigura, supporting project development and providing favorable commercial terms.

• Trafigura partnership includes strong offtake agreements, reflecting high demand for metals and strategic alignment.