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- Last 2026-11-06
- A$3.55
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$1.2B
- EV
- A$1.3B
- Cash
- A$114.8M
- Debt
- A$116.7M
5 newer ASX announcements not yet reflected in this valuation
- Quarterly Appendix 5B Cash Flow Report - September 2026Latest Four Cash Flow Reports
- Quarterly Activities Report - September 2026Latest Four Activities Reports
- Update - Notification regarding unquoted securities - DVPPost Cash Checkpoint Security Event
- Notification of cessation of securities - DVPPost Cash Checkpoint Security Event
- Notification regarding unquoted securities - DVPPost Cash Checkpoint Security Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 15All sources ▸- Annual Report to shareholdersResults
- Quarterly Activities ReportOperations
- June 2026 Appendix 5B cash flowFinancing
- Final investment decisions and Trafigura financingStudy
- Pioneer Dome grade-control drilling and DSO project updateOperations
- Quarterly Activities ReportOperations
- Half Yearly Report and AccountsResults
- Quarterly Activities Report - December 2025Operations
- Quarterly Activities ReportOperations
- Updated Yitirrti Definitive Feasibility StudyStudy
- Annual Report to shareholdersResults
- Quarterly Activities ReportOperations
Event calendar · next 12 months
4 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| December 2026 quarter | Pioneer Dome first DSO production and sales | Production | Company Guided | High | Tests product realization, recovery and whether receipts precede peak construction payments. |
| Expected by March 2027 per annual note 17 | Woodlawn capped silver burden completion | Economic Arrangement | Company Guided | High | Improves retained silver cash flow after the cap, while other royalties continue. |
| 19 November 2026, 10am AWST | Annual General Meeting and warrant ratification | Governance | Confirmed | Medium | Warrants already issued; ratification creates no exercise cash. New proposed incentives remain conditional. |
| March 2027 FID schedule; later September 2026 target passed unconfirmed | Conditional Pioneer Dome Stage II evaluation | Study | Company Guided | High | Conditional on lithium economics, updated study and funding; conflicting company timing remains at risk. |
Executive roster
As of 2026-10-13Background checks ▸Annual executive and company-secretary roster reconciled with the July2026 CFO change. Non-executive directors excluded; undisclosed operational appointments not invented.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| William (Bill) Beament | Managing Director | Executive Director · Chief Executive | — | Annual Report to shareholders |
| Felicity Hughes | Interim Chief Financial Officer | Finance | 2026-07-01 | Annual Report to shareholders · Quarterly Activities Report |
| Elle Farris | Company Secretary · General Counsel | Company Secretary · Senior Management | — | Annual Report to shareholders · 2026 Notice of Annual General Meeting |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Woodlawn copper-zinc mine
Australia
Producer100% ownedCopperZincLeadSilverGold
100% owned through Tarago Operations and Heron. Commercial production achieved in March 2026; proposed DM15 mine life extension is not yet a 15-year reserve-supported plan.
- Production annualised (attributable)
- 6.3k td
- Production (last FY, 100%)
- 4.8k t
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- NM
- Reserve life
- 18.8 yrsd
- Head grade
- 1.2%
Published study economicsIssuer or study metrics
NPVA$728M7% discount
Initial capexA$78MPublished capital estimate
Reportedpre-taxstudy. Woodlawn historicalNPVcontextonly;YitirrtiFID811mreplacesOctober2025921m;PioneerStageIpre-taxFCF201misnotNPV.
Resources & reserves7
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 1.3M t | 2.1%Cu;5.2%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Mineral Resource | Indicated | 6.8M t | 1.8%Cu;4.7%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Mineral Resource | Inferred | 3.1M t | 1.6%Cu;8.5%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Mineral Resource | Total | 11.3M t | 1.8%Cu;5.8%Zn;2.1%Pb;46g/tAg;0.5g/tAu | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Ore Reserve | Proved | 1.2M t | 1.7%Cu;4.5%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Ore Reserve | Probable | 4.8M t | 1.4%Cu;3.4%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
| Ore Reserve | Total | 6M t | 1.5%Cu;3.6%Zn | Copper · Zinc · Lead · Silver · Gold | 2026-06-30 |
Tenements1
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Woodlawn revisedrestartstudyAugust2024 | Operating Plan | Reaffirmed | 2024-08-02 | Sourcepre-taxfinancials;assumptionskeptdistinctfromanalystvaluation. No currentaftertaxscheduleprovided. |
Core asset
Yitirrti (formerly Sulphur Springs)
Australia
Construction100% ownedCopperZincSilver
Yitirrti is the renamed Sulphur Springs project. FID in June 2026, A$450m construction budget including A$275m plant EPC. Kangaroo Caves is regional resource inventory without a separate base mine-plan value.
- Study
- June2026 FID based on October2025 UpdatedDFS with May2026 FEED costs
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- 37%s
- Initial capex (100%)
- A$450.0ms
- Capital intensity
- A$49,315/(t/yr)d
- LoM AISC
- —
- Mine life
- 8.0 yrss
Published study economicsIssuer or study metrics
NPVA$811M8% discount
IRR37%Published return
Initial capexA$450MPublished capital estimate
Reportedpre-taxstudy. Woodlawn historicalNPVcontextonly;YitirrtiFID811mreplacesOctober2025921m;PioneerStageIpre-taxFCF201misnotNPV.
Resources & reserves8
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | SulphurSprings Indicated | 12.4M t | 1.2%Cu;5.6%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Mineral Resource | SulphurSprings Inferred | 1.4M t | 0.2%Cu;6.4%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Mineral Resource | SulphurSprings Total | 13.8M t | 1.1%Cu;5.7%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Mineral Resource | KangarooCaves Indicated | 2.3M t | 0.9%Cu;5.7%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Mineral Resource | KangarooCaves Inferred | 1.3M t | 0.5%Cu;6.5%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Mineral Resource | KangarooCaves Total | 3.6M t | 0.8%Cu;6.0%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Ore Reserve | Probable | 8.8M t | 1.1%Cu;5.4%Zn | Copper · Zinc · Silver | 2026-06-30 |
| Ore Reserve | Total | 8.8M t | 1.1%Cu;5.4%Zn | Copper · Zinc · Silver | 2026-06-30 |
Tenements1
Milestones2
- Final investment decision
Achieved · High materiality
- First saleable concentrate
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Majorenvironmentalandminingapprovals | WesternAustralia | Granted | — | No |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| June2026FIDwithupdatedFEEDcosts | Feed | Current | 2026-06-10 | Sourcepre-taxfinancials;assumptionskeptdistinctfromanalystvaluation. No currentaftertaxscheduleprovided. |
Core asset
Pioneer Dome Stage I DSO
Australia
Construction100% ownedLithium
Stage I approved850kt DSO target,94% Indicated and6% Inferred. Stage II is conditional. Its value is not established as zero: full project option quantified in upside limitation rather than unsupported operating schedule.
- Study
- StageI DSO Final Investment Decision
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- 55%s
- Initial capex (100%)
- A$40.0ms
- Capital intensity
- A$3,922/(t/yr)d
- LoM AISC
- —
- Mine life
- 1.0 yrsd
Published study economicsIssuer or study metrics
IRR55%Published return
Initial capexA$40MPublished capital estimate
Reportedpre-taxstudy. Woodlawn historicalNPVcontextonly;YitirrtiFID811mreplacesOctober2025921m;PioneerStageIpre-taxFCF201misnotNPV.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 8.6M t | 1.23%Li2O;105,000tcontainedLi2O | Lithium | 2026-06-30 |
| Mineral Resource | Inferred | 2.6M t | 0.92%Li2O;24,000tcontainedLi2O | Lithium | 2026-06-30 |
| Mineral Resource | Total | 11.2M t | 1.2%Li2O;129,000tcontainedLi2O | Lithium | 2026-06-30 |
Tenements1
Milestones2
- Stage I DSO final investment decision
Achieved · High materiality
- First DSO production and sales
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Majorenvironmentalandminingapprovals | WesternAustralia | Granted | — | No |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| June2026StageIDSOFID | Operating Plan | Current | 2026-06-10 | Sourcepre-taxfinancials;assumptionskeptdistinctfromanalystvaluation. No currentaftertaxscheduleprovided. |
Core asset
Develop Mining Services
Australia · New Zealand
Producer100% ownedOthers
Continuing external underground services. Client metal is not owned by Develop. Internal work and profit eliminated. Contracts support an estimated131m mature external revenue base, with replacement fleet and working capital funded.
- Revenue
- A$226.9m
- EBITDA margin
- 13.6%d
- Utilisation
- —
- Order book
- —
- Top customer share
- 95.3%d
Other
Whim Creek JV
Australia
DFS Unfunded Developer20% ownedCopperZinc
20% interest free carried to a decision to mine; partner Anax holds 80% and is pursuing funding.
- Study
- —
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- —
- Initial capex (100%)
- —
- Capital intensity
- —
- LoM AISC
- —
- Mine life
- —
Tenements1
Other
Alchemy regional JV
Australia
Early Explorer20% ownedCopperGold
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 20%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Sky Metals regional JV
Australia
Early Explorer20% ownedCopperGold
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 20%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Golden Ridge mineral rights
Australia
Early Explorer25% ownedNickel
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 25%
- Commodity
- Nir
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Balagundi farm-out
Australia
Early Explorer25% ownedGold
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 25%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Kangan gold and precious metals JV
Australia
Early Explorer30% ownedGold
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 30%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Maggie Hays Hill JV
Australia
Early Explorer20% ownedNickel
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 20%
- Commodity
- Nir
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Wattle Dam nickel rights
Australia
Early Explorer20% ownedNickel
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 20%
- Commodity
- Nir
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Larkinville West JV
Australia
Early Explorer25% ownedGoldNickel
Beneficial interest disclosed in the June 2026 tenement schedule. No current funded plan or reliable economic anchor supports positive value; the interest remains in the ledger.
- Ownership
- 25%
- Commodity
- Aur
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Contained metal (attributable)
- 28.8k td
- Resource grade
- 0.8%
- % Measured + Indicated
- 71.9%d
- Resource tonnes
- 3.60 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited 30 June cash A$114.812m and borrowing carrying value A$116.670m. Nominal claims restore the warrant accounting discount; leases are separate. Cutoff cash and debt are frozen analyst bridges, not reported balances. Capital and service commitments are included once in relevant forecast budgets.
Inventory composition2
Consumables A$17.618m, ROM ore A$3.410m and site concentrates A$12.113m total A$33.141m. Concentrate product tonnes differ from contained metal. Working capital remains embedded in project values; inventory is not added twice.
- Woodlawn ROM ore on hand
- A$3.4M carrying · 34,074 t dryore
- Unsold Woodlawn copper, zinc and lead concentrates on site
- A$12.1M carrying · 9,937 t concentrateproduct
Capital structure
Ownership and dilution
- Ordinary shares
- 329.9M
- Fully diluted
- 349.2M
Later 7 September ordinary distribution total 329,919,225, versus 329,985,475 at June including trust shares. Latest rights10,627,135 and835,000 employee options plus7,833,792 warrants retained separately. The maximum fully diluted register is not the unconditional scenario denominator. Various employee strikes and June/September option split remain a small source uncertainty.
Security classes4
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted ordinary shares at 7 September 2026 | Ordinary Share | 329.9M | — | — |
| Disclosed performance rights; model assumes full vesting | Performance Right | 10.6M | A$0 | — |
| 835,000 employee options; strike proxy bounded because latest aggregate and June class split differ | Option | 835K | — | — |
| 7,833,792 Trafigura warrants; A$9.105 strike and22 June2031 expiry | Option | 7.8M | A$9.105 | 2031-06-22 |
KPI history
Operating metrics · Woodlawn copper-zinc mine
| Metric | Unit | Trend | September 2025 | December 2025 | March 2026 | June 2026 |
|---|---|---|---|---|---|---|
| Contained metal in concentrates: Cu | t | 725 | 853 | 1,641 | 1,579 | |
| Contained metal in concentrates: Zn | t | 1,546 | 2,062 | 2,946 | 5,455 | |
| Contained metal in concentrates: CuEq (FY26 deck) | t | 1,456 | 1,674 | 3,147 | 4,625 | |
| Dry ore processed | t | 144,600 | 141,009 | 176,550 | 172,283 |
Operating metric source table22
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Contained metal in concentrates: Cu | Woodlawn | September 2025 quarter | Quarter | 725 t | Reported |
| Contained metal in concentrates: Zn | Woodlawn | September 2025 quarter | Quarter | 1,546 t | Reported |
| Contained metal in concentrates: CuEq (FY26 deck) | Woodlawn | September 2025 quarter | Quarter | 1,456 t | Reported |
| Dry ore processed | Woodlawn | September 2025 quarter | Quarter | 144,600 t | Reported |
| Contained metal in concentrates: Cu | Woodlawn | December 2025 quarter | Quarter | 853 t | Reported |
| Contained metal in concentrates: Zn | Woodlawn | December 2025 quarter | Quarter | 2,062 t | Reported |
| Contained metal in concentrates: CuEq (FY26 deck) | Woodlawn | December 2025 quarter | Quarter | 1,674 t | Reported |
| Dry ore processed | Woodlawn | December 2025 quarter | Quarter | 141,009 t | Reported |
| Contained metal in concentrates: Cu | Woodlawn | March 2026 quarter | Quarter | 1,641 t | Reported |
| Contained metal in concentrates: Zn | Woodlawn | March 2026 quarter | Quarter | 2,946 t | Reported |
| Contained metal in concentrates: CuEq (FY26 deck) | Woodlawn | March 2026 quarter | Quarter | 3,147 t | Reported |
| Dry ore processed | Woodlawn | March 2026 quarter | Quarter | 176,550 t | Reported |
| Contained metal in concentrates: Cu | Woodlawn | June 2026 quarter | Quarter | 1,579 t | Reported |
| Contained metal in concentrates: Zn | Woodlawn | June 2026 quarter | Quarter | 5,455 t | Reported |
| Contained metal in concentrates: CuEq (FY26 deck) | Woodlawn | June 2026 quarter | Quarter | 4,625 t | Reported |
| Dry ore processed | Woodlawn | June 2026 quarter | Quarter | 172,283 t | Reported |
| Reported cash balance; audited or half-year reviewed | Company | Balance as at 2024-12-31 | Point In Time | 112,896,829 AUD | Reported |
| Reported cash balance; audited or half-year reviewed | Company | Balance as at 2025-06-30 | Point In Time | 54,626,000 AUD | Reported |
| Reported cash balance; audited or half-year reviewed | Company | Balance as at 2025-12-31 | Point In Time | 180,391,164 AUD | Reported |
| Reported cash balance; audited or half-year reviewed | Company | Balance as at 2026-06-30 | Point In Time | 114,812,000 AUD | Reported |
| Reported borrowing carrying value | Company | Balance as at 2025-12-31 | Point In Time | 129,827,668 AUD | Reported |
| Reported borrowing carrying value | Company | Balance as at 2026-06-30 | Point In Time | 116,670,000 AUD | Reported |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Ore Processed At2.7%Cueq, Before Recovery | woodlawn | FY27 | 775,000 | 875,000 t ore | Current |
| Dso Ore Mined At1.2%Li2O; Not Elemental Lithium Metal | pioneer-dome | FY27 | 650,000 | 750,000 t DSOore | Current |
| External Contract Mining Revenue | dms | FY27 | 100,000,000 | 110,000,000 AUD | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-06-22Ann. 2026-06-10 | Debt | US$350M | — | — | Ongoing | — |
| 2025-07-02Ann. 2025-06-25 | Raising | A$180M | 40M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Latest annual, June FID appendices and quarterly tenement notes were reconciled. Detailed Toho allocation, DSO formula and floor, stream-counterparty succession, regional full contracts and the interest capitalisation conflict remain unresolved.
US$350m senior secured facility at SOFR plus 3.5%. Repayment starts 18 months after the 22 June 2026 refinancing: US$10m initially, then quarterly 1/14 of the outstanding balance. DSCR1.2x applies from December2028; project-life cover1.5x and debt/equity1.75x from18months. Six versus eighteen months of interest capitalisation remains unresolved.
Other · Active- Counterparties
- Trafigura Pte Ltd
- Applies to
- Woodlawn copper-zinc mine · Yitirrti (formerly Sulphur Springs) · Pioneer Dome Stage I DSO
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Facility commitment: 350,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
100% of Woodlawn concentrates, with 187,500DMT added to the original650,000DMT commitment. Market-standard treatment, refining, payability and deductions;90% provisional payment within five business days of shipping documents. Ends when delivery quantity is fulfilled.
Offtake · Active- Counterparties
- Trafigura Pte Ltd · Trafigura Asia Trading Pte Ltd
- Applies to
- Woodlawn copper-zinc mine
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Copper and zinc concentrates excluding the separate Toho allocation. Trafigura minimum delivery1,250,000DMT, approximately seven forecast years, CIFChina;90% provisional payment within five business days.
Offtake · Active- Counterparties
- Trafigura Pte Ltd · Trafigura Asia Trading Pte Ltd
- Applies to
- Yitirrti (formerly Sulphur Springs)
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Separate Toho agreement expressly excluded from Trafigura volumes. The2019 origin is identified, but current allocation and payability terms are not reconciled from current filings. No termination is assumed.
Offtake · Active- Counterparties
- Toho Zinc Co. Ltd
- Applies to
- Yitirrti (formerly Sulphur Springs)
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
All Pioneer DSO except up to30kt auction sales. Initial obligation ends at the earlier of750kt delivered and30September2027, followed by a12month last right of refusal. Price uses carbonate, product grade and recovery. Floor only for the first two months/max150kt; numerical floor unavailable.
Offtake · Active- Counterparties
- Trafigura Pte Ltd · Trafigura Asia Trading Pte Ltd
- Applies to
- Pioneer Dome Stage I DSO
- Economic direction
- Mixed
- Period
- Through 2028-09-30; start date not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
A$27m capped burden; A$19.9m remaining expected FY27 at30 June. Frozen cutoff estimate A$16m remains after assumed A$3.9m interim delivery. Paid once as a dated equity-bridge claim; group tax deduction carried at payment.
Stream · Active- Counterparties
- Sandstorm Gold Ltd (issuer named counterparty)
- Applies to
- Woodlawn copper-zinc mine
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
A$1m per1Mt of Woodlawn tailings treated, capped atA$10m. Current LOM excludes tailings treatment; no base charge or invented tailings production.
Stream · Active- Counterparties
- Sandstorm Gold Ltd (issuer named counterparty)
- Applies to
- Woodlawn copper-zinc mine
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
A$275m plant EPC awarded to GR Engineering inAugust2026 within the totalA$450m Yitirrti construction budget. No extra double deduction.
Other · Active- Counterparties
- GR Engineering Services Limited
- Applies to
- Yitirrti (formerly Sulphur Springs)
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Approximately A$70m twelve-month Pioneer Dome mining/crushing contract. Expense as work is performed inFY27; not wholly additional upfront capex.
Other · Active- Counterparties
- MLG Oz Limited
- Applies to
- Pioneer Dome Stage I DSO
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
A$274m three-year underground services contract with Core Lithium, plus a two-year extension option. Client owns BP33 ore and production; contract amount is revenue opportunity rather than profit.
Other · Active- Counterparties
- Core Lithium Limited
- Applies to
- Develop Mining Services
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Approximately A$200m five-year portal and tunnelling services at OceanaGold Waihi North. Work startedMay2026; client retains gold resources and output.
Other · Active- Counterparties
- OceanaGold Corporation
- Applies to
- Develop Mining Services
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Binding cooperation on potential acquisition, funding and offtake opportunities. No completed new asset or quantifiable dealflow value admitted.
Strategic Partnership · Active- Counterparties
- Trafigura Pte Ltd
- Applies to
- Woodlawn copper-zinc mine · Yitirrti (formerly Sulphur Springs) · Pioneer Dome Stage I DSO
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Anax80%,DVP20%,free carried to a decision to mine. Partner continues seeking a funding solution.
Joint Venture · Active- Counterparties
- Anax Metals Limited
- Applies to
- Whim Creek JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Alchemy regional JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Sky Metals regional JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Golden Ridge mineral rights
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Balagundi farm-out
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Kangan gold and precious metals JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Maggie Hays Hill JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Wattle Dam nickel rights
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Retained beneficial JV or mineral-right interest as disclosed in the June2026 tenement schedule. No current economic study or funding anchor supports positive base value.
Joint Venture · Active- Counterparties
- Counterparty as disclosed in June2026 tenement notes
- Applies to
- Larkinville West JV
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Material commercial terms: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Remaining A$40m vendor milestones per annual note19. Modeled as dated nominal cash claims, separately from operating project cash flows.
Other · Active- Counterparties
- Orion
- Applies to
- Woodlawn copper-zinc mine
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Remaining continuous commercial production milestones: 40,000,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Consolidated50% owned services subsidiary. Minority share is a separate after-tax distribution claim calibrated at0.892m/226.9m consolidated external revenue.
Joint Venture · Active- Counterparties
- Tjiwarl Develop Pty Ltd minority owners
- Applies to
- Develop Mining Services
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Economic subsidiary ownership: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
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Management background checks
Develop combines former Northern Star leadership with reported mining-services finance, processing and legal experience. Woodlawn reported a restarted operating mine and increased quarterly throughput; Yitirrti and Pioneer Dome remain development projects. Historical company safety convictions, disclosed related-party dealing and a separate neighbouring-landfill pollution investigation are material context without findings of personal wrongdoing.
Decision-relevant facts
Material summary
William (Bill) Beament
Managing Director
Company SuccessIssuer Reported · High materiality
Northern Star merger and Woodlawn restart
Northern Star’s FY2021 report records completion of its Saracen merger and FY2021 underlying profit of A$372m. Develop reported Woodlawn processed 201,130 tonnes in the September 2026 quarter and declared steady state in April 2026. These outcomes reflect teams, acquisitions and market conditions.
Role overlaps event; causation unproven · Beament held senior leadership during both periods; the results do not isolate his personal contribution.
Northern Star 2021 annual report · chair letter, FY2021 results
September 2026 quarterly report · pp.1–4 and Woodlawn table
SafetyDocumented · High materiality
Northern Star fined after Paulsens fatality
Western Australia’s mines department says Northern Star pleaded guilty and was fined A$90,000 in 2017 after a worker died of heat stroke underground in 2015. The regulator cited ventilation and heat-management failures.
Role overlaps event; causation unproven · Beament was a Northern Star senior leader; the company was convicted and no personal culpability is established.
WA mines department 2016–17 annual report · printed p.36
Metals Acquisition Corp registration statement: advisor biography · Our Advisors, printed pp.7–8
SafetyDocumented · High materiality
Northern Star fined after Millennium injuries
WA government reports Northern Star was fined A$150,000 in March 2021 following a 2017 underground vehicle collision that injured two workers. The report identifies inadequate training and risk assessment.
Role overlaps event; causation unproven · The fine was against Northern Star; it does not establish his personal responsibility.
Gold miner fined after workers injured driving underground · 2021 incident and fine
Metals Acquisition Corp registration statement: advisor biography · Our Advisors, printed pp.7–8
GovernanceIssuer Reported · Medium materiality
Develop disclosed related-party equipment purchase
The FY2026 report says Develop incurred A$1.685m to buy a drill rig at cost from Underground Rising, in which Beament had an indirect 50% interest. The board described the amount as immaterial to both parties.
Individual involvement documented · The interest and transaction are disclosed; no improper conduct or breach is asserted.
Develop 2026 annual report · printed pp.20–22, 48–49 and note 24
EnvironmentDocumented · Medium materiality
Woodlawn leachate investigation concerned neighbouring landfill
In May 2026 the NSW EPA ordered Veolia to investigate pollutants in groundwater at the Develop-operated mine, with a possible pathway from Veolia’s landfill. The investigation and source determination remained pending in that dated notice; Veolia described related investigative work in an August-labelled presentation.
Role overlaps event; causation unproven · The notice went to Veolia, not Develop or Beament; it does not establish his personal responsibility or the final source.
Veolia issued clean-up notice · 27 May 2026 news release
Woodlawn corporate update, August 2026 · slides 19–22
Role FitAnalyst Inference · Medium materiality
Operating and acquisition experience fits hybrid model
Northern Star executive leadership, prior contractor operations and Develop’s operating mine provide relevant sector experience, though results reflect wider teams and do not establish outcomes for planned new mines.
Responsibility not applicable · A professional judgment based on the roles and reported company outcomes.
Metals Acquisition Corp registration statement: advisor biography · Our Advisors, printed pp.7–8
September 2026 quarterly report · pp.1–4 and Woodlawn table
Evidence gaps · 4
- Independent degree and professional membership confirmation not obtained.
- Company safety convictions do not establish individual fault.
- Final outcome of Veolia groundwater source and remediation investigation not established; its August-labelled presentation discusses continuing investigative work.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Felicity Hughes
Former Interim Chief Financial Officer
GovernanceDocumented · Medium materiality
Interim CFO contract ended 29 October
Develop states Hughes stepped down at contract completion on 29 October 2026 and David Lonsdale assumed interim CFO duties the same day.
Individual involvement documented · The issuer identifies her departure; no negative reason is stated.
Company SuccessSelf Reported · Medium materiality
Newmont finance and integration experience
Newmont’s 2018 presentation identifies her as Australian regional CFO, while Hughes later reported leading finance integration after the Newcrest acquisition. The individual contribution and realised integration benefits are not independently quantified.
Individual involvement documented · CFO role is independently corroborated by the employer; integration details are self-reported.
Australia site tour presentation · slide 29
Felicity Hughes career reflection · opening post
SafetyIssuer Reported · Medium materiality
Newmont reported Boddington silicosis detection
Newmont’s 2023 sustainability report says a routine health check found early-stage silicosis at Boddington and it reviewed its health-surveillance programs. Hughes became Newmont Australia regional CFO in 2018 and later reported leaving Newmont in late 2025, but her precise role in 2023 and the worker’s exposure timeline are not established.
Employer context; no individual link established · The issuer records a company health matter; there is no evidence of her individual involvement or operational fault.
Newmont 2023 sustainability report · workplace exposures section
Australia site tour presentation · slide 29
Evidence gaps · 5
- Exact transition from Australian CFO to Newmont global finance role not independently dated.
- No independent confirmation of degrees or current accounting membership.
- Boddington exposure cause and individual responsibilities not established.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
- Her specific Newmont role and duties at the 2023 Boddington detection date are unverified.
Elle Farris
General Counsel and Company Secretary
GovernanceDocumented · Medium materiality
Conflicting dates for appointment
The 18 May 2023 appointment announcement said Farris would be general counsel and company secretary from 26 June. Develop’s 2026 annual report dates general counsel from 12 June and company secretary from 2 October; its October 2023 quarterly says she replaced Steven Wood as sole secretary on 2 October.
Individual involvement documented · Issuer sources conflict on dates; the quarterly explicitly identifies the sole-secretary transition.
Develop 2026 annual report · printed pp.20–22, 48–49 and note 24
EducationDocumented · Medium materiality
Law and arts degrees corroborated
A 2017 Curtin University conference biography reports a UWA law degree with distinction and a UWA arts degree, completed in November 2016; Develop also reports both degrees.
Responsibility not applicable · Conference biography corroborates issuer reporting; not a university registrar check.
Property law conference speaker biographies · Elle Farris biography
Develop 2026 annual report · printed pp.20–22, 48–49 and note 24
Company SuccessSelf Reported · Medium materiality
Farris named in financing team
Perry describes working alongside Farris and Beament on the June 2026 Trafigura funding and offtake arrangements. His individual account does not independently quantify her role or establish eventual project returns.
Role overlaps event; causation unproven · Self-report names Farris as a collaborator; transaction outcomes depend on many parties.
Fraser Perry on Trafigura transaction · opening post
Role FitAnalyst Inference · Medium materiality
Legal and disclosure experience
Her former Newmont corporate counsel and Develop governance responsibilities are relevant to listed company operations, although specific personal legal outcomes are not independently quantified.
Responsibility not applicable · Analytical assessment using sourced roles.
Develop 2026 annual report · printed pp.20–22, 48–49 and note 24
Evidence gaps · 3
- Issuer sources conflict on her June 2023 commencement; 2 October sole-secretary transition is separately documented.
- Current professional practising certificate and complete prior-employment dates were not independently confirmed.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
David Lonsdale
Interim Chief Financial Officer
Role FitAnalyst Inference · Medium materiality
Interim CFO has mining-services finance experience
Develop reports that Lonsdale spent ten years at Byrnecut, including leading finance for Australian divisions from 2020. The issuer says those divisions and consulting business had combined turnover above A$2.5bn, without specifying a measurement year.
Responsibility not applicable · The role-fit conclusion uses issuer-reported career history; turnover is employer-level, with period unspecified.
SafetyDocumented · High materiality
Byrnecut fined over a 2020 fatality
WorkSafe WA reports contractor Byrnecut pleaded guilty and was fined A$850,000 after a worker died at Carosue Dam in July 2020. Develop states Lonsdale led finance for Byrnecut Australian mining-services divisions from 2020, but exact incident-date role overlap and site responsibilities are not established.
Employer context; no individual link established · The conviction was against Byrnecut. No personal involvement or operational decision by Lonsdale is established.
ThinkSafe: safety prosecution updates · safety prosecution updates, Carosue Dam
Evidence gaps · 4
- Exact dates and scope of Byrnecut roles, and whether he had any responsibility for Carosue Dam, remain unverified.
- Qualifications, professional memberships, and additional material employers were not independently established.
- Several unrelated UK-based namesakes appear in searches and were not attributed.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Nathan Stoitis
General Manager, Processing and Metallurgy
GovernanceIssuer Reported · Medium materiality
Concurrent Rox board seat and nominee status
Rox’s 2026 annual report identifies Stoitis as a director and says he was not independent because he was a nominee for Hawke’s Point. Develop also reports his technical executive role.
Individual involvement documented · These are disclosed roles and classifications, not an allegation of misconduct.
Rox Resources 2026 annual report · corporate governance statement and directors report
Role FitAnalyst Inference · Medium materiality
Processing and consulting experience
The issuer reports a history of metallurgical consulting, including mine acquisitions and processing work. The evidence supports relevant experience but does not quantify his personal contribution to Woodlawn commissioning.
Responsibility not applicable · Inference from disclosed experience; individual operating outcome unquantified.
Rox Resources 2026 annual report · Nathan Stoitis biography
Evidence gaps · 4
- Rox says the Develop role began in July 2025; the October 2025 Develop appointment announcement does not specify the start date.
- Independent degree and fellowship confirmation unavailable.
- Specific personal contributions to individual projects not independently quantified.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Fraser Perry
General Manager, Business Development
Personal SuccessSelf Reported · Medium materiality
Reported lead of Trafigura commercial work
Perry states he led commercial workstreams on the June 2026 Trafigura package. Develop reported a US$350m loan facility, US$50m warrant package and binding offtake; facilities and warrants have distinct economics and future mine outcomes remain unproven.
Individual involvement documented · His claimed personal role is self-reported; financing is an issuer-announced transaction, not delivery of future mines.
Fraser Perry on Trafigura transaction · opening post
Role FitAnalyst Inference · Medium materiality
Investment and mining background fits growth role
The disclosed engineering and five-year investment-manager background is relevant to negotiating project finance and assessing acquisitions. The track record of specific investments and realised returns is not independently quantified.
Responsibility not applicable · Judgment from reported roles, not a verified individual return history.
Evidence gaps · 4
- Named project-financing role is self-reported; independent transaction responsibility and economics are not established.
- Individual investment outcomes and precise dates of pre-RCF roles are unavailable.
- Degrees and membership were not independently verified.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Guy Singleton
Chief External Affairs Officer
EnvironmentDocumented · Medium materiality
External affairs remit and Veolia notice
Central Desert identifies Singleton’s Develop remit as sustainability, Indigenous peoples, environment and external relations. The NSW EPA ordered neighbouring landfill operator Veolia to investigate possible leachate found in the Develop-operated mine. The notice did not establish the source or personal fault.
Role overlaps event; causation unproven · His general remit is documented, but no personal connection to the pollution or response is established; the notice was directed to Veolia.
Director profile · executive profile
Veolia issued clean-up notice · 27 May 2026 news release
Role FitAnalyst Inference · Medium materiality
Native-title and stakeholder experience
His executive environmental remit and Central Desert chair role align with stakeholder engagement; outcome and conflict-management effectiveness are not independently established.
Responsibility not applicable · Inference from named roles; no causal claim about decisions.
Investor site visit and organisation chart · corporate leadership
Director profile · chair biography
Evidence gaps · 4
- Degree confirmation and consultancy mandate details are unavailable.
- No individual causal connection to the Woodlawn leachate matter is established.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
- The issuer management page is undated, so continued role at the historical cutoff is based on its state when accessed and is not corroborated by a dated October filing.
Chris Taylor
Woodlawn General Manager (current role unconfirmed)
Company SuccessIssuer Reported · Medium materiality
Woodlawn output after restart
Develop reported mine restart in 2025 and 201,130 tonnes processed at Woodlawn in the September 2026 quarter. Taylor was identified as mine GM in 2024 and 2025; independent dated confirmation of his role at the September 2026 quarter was not found.
Responsibility unresolved · Site-level company output cannot be attributed individually; later role continuity remains unconfirmed.
Woodlawn rehabilitation cost estimation · signed general manager page
September 2026 quarterly report · pp.1–4 and Woodlawn table
EnvironmentDocumented · Medium materiality
Woodlawn groundwater investigation
The NSW EPA issued a clean-up notice to adjacent operator Veolia after pollutants consistent with leachate were found in groundwater within the Develop-operated mine. Taylor was named as mine GM in dated 2024 and 2025 documents; his later role and the investigation’s final conclusions are not established.
Responsibility unresolved · The notice is directed to Veolia, not Taylor or Develop. No personal responsibility for pollution is established.
Veolia issued clean-up notice · 27 May 2026 news release
Woodlawn rehabilitation cost estimation · signed general manager page
Role FitAnalyst Inference · Medium materiality
Operational and emergency-response experience
Develop’s plan identifies Taylor as mine general manager responsible for pollution-incident response notifications. This role indicates relevant site oversight experience; no assumption is made about the outcome of the separate leachate inquiry.
Responsibility not applicable · Assessment draws on a dated corporate plan and does not establish incident responsibility.
Woodlawn rehabilitation cost estimation · signed general manager page
Evidence gaps · 4
- Identity is based on role and employer; common-name court and regulatory results could not be safely matched.
- Independent dated confirmation of his current role after July 2025 and qualifications was not located.
- Veolia investigation final source, extent and remediation outcome are unknown.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Rhys Watkins
Technical Services General Manager (identity and current role unconfirmed)
Role FitAnalyst Inference · Medium materiality
Underground technical experience
Mining Plus identified a Rhys Watkins as area manager of its Australian underground team in 2022. A third-party profile attributes a later Develop technical-services role to a person of that name, but the identity match and role continuity remain unconfirmed.
Responsibility not applicable · Relevant role history supports a tentative skills assessment; identity and employment dates beyond Mining Plus remain partially corroborated.
Mining Plus underground team post · 2022 team post
Rhys Watkins technical services profile · work experience
Evidence gaps · 5
- Develop title and exact role dates rely on an undated secondary profile, not a dated issuer announcement.
- Degree and professional memberships not independently verified.
- Several other people share this name; unrelated results were not attributed.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
- The connection between the Mining Plus manager and the Develop profile is not independently proven; third-party profile dates overlap.
Shannon Bunn
Operations executive; exact current title unconfirmed
SafetyDocumented · Medium materiality
Byrnecut fined after Carosue Dam fatality
WorkSafe WA states Byrnecut was fined A$850,000 following a July 2020 worker fatality at Carosue Dam. Beament described Bunn as previously working in Byrnecut offshore operations but did not supply dates; his role, tenure overlap and any involvement in the Australian mine incident were not established.
Employer context; no individual link established · The corporate fine does not establish Bunn’s involvement or responsibility, and his exact tenure is unknown.
ThinkSafe: safety prosecution updates · safety prosecution updates
Develop Q2 2026 earnings call transcript · mining-services discussion
Role FitAnalyst Inference · Medium materiality
Underground contracting management experience
Develop identified Bunn as operations general manager in 2023, and Beament described his earlier Byrnecut offshore leadership in January 2026. His current title and individual contribution to operating results remain unverified.
Responsibility not applicable · Fit assessment is based on named roles, not individual outcome attribution.
Investor site visit and organisation chart · organisation chart
Develop Q2 2026 earnings call transcript · mining-services discussion
Evidence gaps · 4
- The precise current title and continuation after January 2026 have not been established from a later dated issuer record.
- Exact Byrnecut tenure, sites and responsibilities, education and qualifications remain unverified.
- No personal responsibility or established role overlap in the Carosue Dam fatality.
- Broad name-and-employer searches were reused across adverse topics; dedicated individual checks across each regulator, court and past employer were not completed.
Company ownership
Investors & shareholders
Registered shareholder list unavailable
The available disclosures below do not provide a complete ranked register.
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 5.07%Voting power | 2026-10-21 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The 2026 annual report top-20 table is internally inconsistent: for example, 35,789,033 shares are shown as 7.06%, although the table reports 329,919,225 shares outstanding. Multiple later rows also conflict with their percentages. The table is withheld pending an accurate source; values were not silently corrected.
- Substantial-holder coverage is partial. The annual report identifies other substantial holders based on older notices, but this snapshot has not independently reconciled their latest notices and subsequent changes.
- Fund manager and securities-lending relevant interests may overlap with registered nominee accounts; positions should not be added.
Sources
- Becoming a substantial holder
State Street Corporation via ASX · Published 2026-10-23 · Accessed 2026-10-31
State Street Corporation and subsidiaries report 16,728,265 shares and 5.07% voting power at 21 October 2026.
downloads/DVP/2026/2026-10-23_Becoming a substantial holder_3429b4371445a34d.pdf, page 1
- Annual report 2026
Develop Global Limited via ASX · Published 2026-09-29 · Accessed 2026-10-31
Top-20 table at 7 September 2026 and older substantial holders; source counts and percentages conflict in several rows.
downloads/DVP/2026/2026-09-29_Annual Report to shareholders_6e8a1e8777bdfc41.pdf, PDF pages 100–101
Disclosed activity
Insider transactions
Trading activity8 buys · 3 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-30 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2026-09-3025,742 unvested performance rights lapsed after assessment of performance conditions; nil consideration. As disclosed: 25,742 unvested performance rights lapsed after assessment of performance conditions; nil consideration.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | CancellationPerformance rights | 25,742 | —Non Cash | — | 2,345,866 |
| 2026-06-19 | Michael Gerrard BlakistonHSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust
Details & evidence for Michael Gerrard Blakiston on 2026-06-19Internal transfer of 48,500 shares from the HSBC custody interest to BOS Management Pty Ltd; BOS holding increased from 75,000 to 123,500 and the total relevant interest remained unchanged. As disclosed: Internal transfer of 48,500 shares from the HSBC custody interest to BOS Management Pty Ltd; BOS holding increased from 75,000 to 123,500 and the total relevant interest remained unchanged.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice - Michael Blakiston ↗ Change of Director's Interest Notice - Michael Blakiston ↗ | Transfer OutOrdinary shares | 48,500 | —Not Disclosed | — | 1,113,848 |
| 2026-06-17 | Duncan BradfordEDGZ Pty Ltd
Details & evidence for Duncan Bradford on 2026-06-1735,000 ordinary shares acquired on market at $7.57 per share. As disclosed: 35,000 ordinary shares acquired on market at $7.57 per share.
EDGZ Pty Ltd · shareholder and director Change of Director's Interest Notice - Duncan Bradford ↗ Change of Director's Interest Notice - Duncan Bradford ↗ | PurchaseOrdinary shares | 35,000 | — | AUD 7.57Disclosed price | 170,000 |
| 2026-06-15 | Michael Gerrard BlakistonHSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust
Details & evidence for Michael Gerrard Blakiston on 2026-06-1540,000 ordinary shares sold on market at $7.46 per share. As disclosed: 40,000 ordinary shares sold on market at $7.46 per share.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice - Michael Blakiston ↗ Change of Director's Interest Notice - Michael Blakiston ↗ | SaleOrdinary shares | 40,000 | — | AUD 7.46Disclosed price | 1,162,348 |
| 2025-12-22 | Michael Gerrard BlakistonHSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust
Details & evidence for Michael Gerrard Blakiston on 2025-12-22On-market sale of 160,000 shares from the HSBC custody interest for the Solemn Vow Unit Trust. The share price is disclosed; the notice does not state total cash consideration. Account rows show the HSBC balance declining from 1,362,348 to 1,202,348 and the after-account total is 1,291,348. The displayed prior aggregate is 1,473,072 while account rows sum to 1,451,348, a 21,724 inconsistency also present in the September 2025 notice; it does not change the sale quantity or account-level reconciliation. As disclosed: On-market sale of 160,000 shares for $4.646 per Share.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SaleOrdinary shares | 160,000 | — | AUD 4.646Disclosed price | 1,202,348 |
| 2025-12-05 | Duncan BradfordEDGZ Pty Ltd
Details & evidence for Duncan Bradford on 2025-12-05On-market purchase through EDGZ Pty Ltd. The filing reports 131,000 shares acquired across 28 November and 5 December 2025; this event records only the 81,000 shares attributed to 5 December. As disclosed: 81,000 shares acquired on-market on 5 December 2025 for $4.35 per share.
EDGZ Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 81,000 | — | AUD 4.35Disclosed price | 135,000 |
| 2025-11-28 | Duncan BradfordEDGZ Pty Ltd
Details & evidence for Duncan Bradford on 2025-11-28On-market purchase through EDGZ Pty Ltd. The filing identifies 4,000 indirect shares held before Duncan Bradford's appointment; this 4,000-share opening position was not counted as a transaction. As disclosed: 50,000 shares acquired on-market on 28 November 2025 for $3.60 per share.
EDGZ Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 50,000 | — | AUD 3.6Disclosed price | 54,000 |
| 2025-11-28 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-11-28FY26 short-term incentive performance rights approved by shareholders on 10 November 2025; the filing states nil consideration and performance hurdles. No cash value is inferred. As disclosed: Grant of Performance Rights for no consideration, as approved by Shareholders on 10 November 2025.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantPerformance rights (unquoted) | 171,608 | —Non Cash | — | 2,371,608 |
| 2025-10-03 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-10-0392,172 performance rights lapsed; the notice reports no consideration. As disclosed: Lapse of 92,172 Performance Rights.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | CancellationPerformance rights (unquoted) | 92,172 | —Non Cash | — | 2,200,000 |
| 2025-10-03 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-10-03253,450 ordinary shares were issued on exercise of vested FY25 short-term incentive performance rights; the filing states no consideration. As disclosed: Acquisition of 253,450 Ordinary Shares on the exercise of vested Performance Rights under the FY25 short-term incentive plan.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 253,450 | —Non Cash | — | 64,724,601 |
| 2025-10-03 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-10-03253,450 rights were exercised into ordinary shares; this row records the rights consumed in the paired exercise event. A separate 92,172 rights lapse is recorded below. As disclosed: Exercise of 253,450 Performance Rights into Ordinary Shares.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExercisePerformance rights (unquoted) | 253,450 | —Non Cash | — | 2,292,172 |
| 2025-09-26 | Michael Gerrard BlakistonHSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust
Details & evidence for Michael Gerrard Blakiston on 2025-09-26Indirect transfer into the HSBC custody interest on behalf of the Solemn Vow Unit Trust; not a purchase or cash transaction. As disclosed: Transfer of 1,400,000 Shares held directly by Michael Blakiston to indirect interests; HSBC account increased from 37,348 to 1,362,348 shares.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | Transfer InOrdinary shares | 1,325,000 | —Non Cash | — | 1,362,348 |
| 2025-09-26 | Michael Gerrard BlakistonMichael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2025-09-26Direct account balance moved to indirect accounts; the notice says beneficial ownership did not change. The 9/30/2025 total line is 1,473,072, but the displayed ordinary-share account rows total 1,451,348 both before and after the transfer. The 21,724 difference equals the separate share-rights count reported in the February 2025 notice, which then shows no rights after conversion; the September notice does not explain the stale aggregate. The account-level transfer itself reconciles, and no extra 21,724 shares are inferred. As disclosed: Transfer of 1,400,000 Shares held directly by Michael Blakiston to indirect interests. There is no change in the beneficial ownership.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | Transfer OutOrdinary shares | 1,400,000 | —Non Cash | — | 0 |
| 2025-09-26 | Michael Gerrard BlakistonBOS Management Pty Ltd
Details & evidence for Michael Gerrard Blakiston on 2025-09-26The filing lists 75,000 shares in BOS Management Pty Ltd after the internal transfer; the previous balance is not stated and is left null. As disclosed: Transfer of 1,400,000 Shares held directly by Michael Blakiston to indirect interests; BOS Management Pty Ltd held 75,000 shares after the transfer.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | Transfer InOrdinary shares | 75,000 | —Non Cash | — | 75,000 |
| 2025-08-21 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-08-2192,606 ordinary shares issued on exercise of performance rights. The filing gives a $3.81 market value but states no exercise consideration; no cash purchase or price is inferred. As disclosed: 92,606 Shares acquired on the exercise of 92,606 Performance Rights.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 92,606 | —Non Cash | — | 64,471,151 |
| 2025-08-21 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-08-21The 92,606 rights consumed in the paired exercise event are shown as a reduction in the rights class. As disclosed: Exercise of 92,606 Performance Rights.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExercisePerformance rights (unquoted) | 92,606 | —Non Cash | — | 2,545,622 |
| 2025-06-18 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-06-1814,000,000 ordinary shares were acquired on exercise of 14,000,000 options. The filing expressly assigns total exercise consideration of AUD 9,051,933 to the exercise; calculated average is total consideration divided by the stated shares. As disclosed: 14,000,000 Shares on the Exercise of 14,000,000 Options; $9,051,933 exercise consideration.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 14,000,000 | AUD 9,051,933.00 | AUD 0.646567Calculated average | 64,378,545 |
| 2025-06-18 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2025-06-18Options consumed in the paired exercise event; the AUD 9,051,933 cash consideration is recorded once on the acquired ordinary-share event with the same economic_event_id. As disclosed: 14,000,000 Shares on the Exercise of 14,000,000 Options.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOptions (unquoted) | 14,000,000 | — | — | 0 |
| 2025-02-24to 2025-02-25 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2025-02-2421,724 ordinary shares were acquired on conversion of share rights issued under the director fee-sacrifice arrangement for 1 July–31 December 2023. The filing's transaction date field reports 24–25 February 2025; no separate conversion day or registered account is identified. As disclosed: Acquisition of 21,724 Shares on the conversion of Share Rights issued at $3.31 per Share, under the Director Fee Sacrifice arrangement for the period 1 July 2023 to 31 December 2023.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 21,724 | —Non Cash | — | — |
| 2025-02-24to 2025-02-25 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2025-02-24The 21,724 share rights consumed in the paired conversion are recorded separately from the ordinary shares received. Registered-account allocation is not disclosed. As disclosed: Acquisition of 21,724 Shares on the conversion of Share Rights.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseShare rights | 21,724 | —Non Cash | — | 0 |
| 2025-02-24to 2025-02-25 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2025-02-24On-market sale reported across 24 and 25 February 2025. The notice gives a per-share price but no total cash amount and does not allocate the sale by registered account, so account_entity_id and account-level balances are left null. As disclosed: On market sale of 57,724 Shares for a consideration of $2.848 per Share.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SaleOrdinary shares | 57,724 | — | AUD 2.848Disclosed price | — |
| 2024-12-02 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-12-02Issued under William Beament's FY25 short-term incentive program and the 2024 Employee Awards Plan, approved by shareholders at the 8 November 2024 AGM. The filing states nil exercise price and an expiry five years from issue; no expiry date is inferred. As disclosed: 345,622 Performance Rights issued under the company's FY25 short-term incentive program and 2024 Employee Awards Plan for no consideration.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantPerformance rights (unquoted) | 345,622 | —Non Cash | — | 2,638,228 |
| 2024-10-18 | Shirley Eleanor In'Tveld
Details & evidence for Shirley Eleanor In'Tveld on 2024-10-18The filing describes an option lapse. Its stated date of change and the option's labeled expiry date differ by 17 days. As disclosed: 200,000 - DIR OPTIONS $5.00 EXP 1/10/24; Option Lapse.
Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExpiryOptions (unquoted) | 200,000 | —Not Disclosed | — | 0 |
| 2024-10-11 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-10-11Vesting status changed for existing rights. The notice's rights balance decreases only by the separately disclosed lapse; no new rights or shares are inferred from vesting. As disclosed: Vesting of 92,606 existing Performance Rights.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | VestingPerformance rights (unquoted) | 92,606 | —Non Cash | — | — |
| 2024-10-11 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-10-11The rights balance changes from 2,305,836 to 2,292,606; the 13,230 decrease matches the disclosed lapse. As disclosed: Lapse of 13,230 Performance Rights.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | CancellationPerformance rights (unquoted) | 13,230 | —Non Cash | — | 2,292,606 |
| 2024-07-01 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-07-0114,000,000 ordinary shares acquired on exercise of 14,000,000 options. The filing expressly allocates AUD 10,500,000 total exercise consideration to the exercise. As disclosed: 14,000,000 Shares upon exercise of 14,000,000 Options; $10,500,000 consideration.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 14,000,000 | AUD 10,500,000.00 | AUD 0.75Calculated average | 50,378,545 |
| 2024-07-01 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-07-01Options consumed in the paired share-exercise event. The cash exercise consideration is recorded once on the ordinary-share event with the same economic_event_id. As disclosed: 14,000,000 Options disposed on exercise at an exercise price of $0.75 per option.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOptions (unquoted) | 14,000,000 | — | — | 14,000,000 |
| 2024-06-14 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2024-06-14Direct ordinary shares acquired by exercise of 1,400,000 options. The notice separately reports 87,348 indirect ordinary shares, unchanged by this exercise. As disclosed: 1,400,000 Shares upon exercise of 1,400,000 Options; $1,050,000 consideration.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 1,400,000 | AUD 1,050,000.00 | AUD 0.75Calculated average | 1,400,000 |
| 2024-06-14 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2024-06-14Options consumed in the paired share-exercise event. The cash exercise amount is carried on the ordinary-share event only. As disclosed: 1,400,000 Options disposed on exercise at an exercise price of $0.75 per option.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOptions (unquoted) | 1,400,000 | — | — | 0 |
| 2024-04-11 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2024-04-11The Employee Share Plan issue was approved by shareholders at the 16 November 2023 AGM. The filing states nil consideration. As disclosed: 105,836 Performance Rights issued under the Company's Employee Share Plan; consideration Nil.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantPerformance rights (unquoted) | 105,836 | —Non Cash | — | 2,305,836 |
| 2023-12-15 | Justine Alexandria Magee
Details & evidence for Justine Alexandria Magee on 2023-12-15Direct options reported as held after the grant; the AGM results confirm the approving resolution carried. As disclosed: Grant of Sign-on Options as part of Director Remuneration; 100,000 options will not vest until 15 December 2024. The issue was approved by shareholders at the Annual General Meeting on 16 November 2023.
Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Notice of Annual General Meeting/Proxy Form ↗ Notice of Annual General Meeting/Proxy Form ↗ Notice of Annual General Meeting/Proxy Form ↗ Results of Annual General Meeting ↗ | GrantUnlisted options | 100,000 | —Non Cash | — | 100,000 |
| 2023-11-06 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-11-06The reported total direct rights after the change is 2,363,551, comprising 2,200,000 LTI Performance Rights and 163,551 STI Share Rights as specified in the footnote. The form reports nil consideration. As disclosed: STI Share Rights issued under the Company's 2021 Performance Incentive Plan. The issue was approved by shareholders at the general meeting on 25 May 2023.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantSTI Share Rights | 163,551 | —Non Cash | — | 163,551 |
| 2023-11-06 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-11-06The form's Number acquired field says Nil; the 163,551-share acquisition is derived from the disclosed direct balance increase and matches the 163,551-right decrease. The form describes the change as STI Share Rights exercised and converted to ordinary shares. The two notices give the same change date but no intraday times. As disclosed: STI Share Rights issued under the Company's 2021 Performance Incentive Plan and approved by shareholders at the general meeting on 25 May 2023 have been exercised and converted to Ordinary Shares.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseOrdinary shares | 163,551 | —Non Cash | — | 36,376,927 |
| 2023-11-06 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-11-06The 13 November form's opening total rights balance matches the 9 November form's closing total. The STI component of 163,551 is identified in the 9 November form and is no longer included in the 2,200,000 rights reported after the change; no exercise price is disclosed. As disclosed: STI Share Rights issued under the Company's 2021 Performance Incentive Plan and approved by shareholders at the general meeting on 25 May 2023 have been exercised and converted to Ordinary Shares.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseSTI Share Rights | 163,551 | —Non Cash | — | 0 |
| 2023-11-06 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-11-06The notice attributes 809 DVP shares to the Beament Family Trust account. It says the underlying ESS shares were purchased on-market on 27 September 2023 and/or 3 October 2023 and converted into DVP shares on 6 November 2023; it does not allocate either purchase date to this account. The stated $2,350 is consideration for the ESS purchase and is not assigned as DVP cash consideration. As disclosed: 809 shares held as trustee of the Beament Family Trust; ESS shares converted into DVP ordinary shares on 6 November 2023 at 6.18 ESS shares for each new DVP share.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | OtherOrdinary shares | 809 | —Non Cash | — | — |
| 2023-11-06 | William James BeamentSt Emilion Super Pty Ltd ATF The St Emilion Super Fund
Details & evidence for William James Beament on 2023-11-06The notice attributes 809 DVP shares to the St Emilion Super Pty Ltd ATF The St Emilion Super Fund account, of which William Beament is trustee and may be a beneficiary. The stated $2,350 is consideration for the underlying ESS purchase and is not assigned as DVP cash consideration. As disclosed: 809 SESPL shares; ESS shares converted into DVP ordinary shares on 6 November 2023 at 6.18 ESS shares for each new DVP share.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | OtherOrdinary shares | 809 | —Non Cash | — | 94,321 |
| 2023-11-06 | William James Beament
Details & evidence for William James Beament on 2023-11-06The notice attributes 809 DVP shares to William Beament's personal capacity. It says the underlying ESS shares were purchased on-market on 27 September 2023 and/or 3 October 2023 and converted into DVP shares on 6 November 2023; it does not allocate either purchase date to this account. The stated $2,425 is consideration for the ESS purchase and is not assigned as DVP cash consideration. As disclosed: 809 shares held in personal capacity; ESS shares converted into DVP ordinary shares on 6 November 2023 at 6.18 ESS shares for each new DVP share.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | OtherOrdinary shares | 809 | —Non Cash | — | — |
| 2023-11-06 | William James BeamentMining and Infrastructure Group Pty Ltd
Details & evidence for William James Beament on 2023-11-06The notice attributes 809 DVP shares to Mining and Infrastructure Group Pty Ltd, an entity of which William Beament is a related party and shareholder. The stated $2,350 is consideration for the underlying ESS purchase and is not assigned as DVP cash consideration. As disclosed: 809 MIGPL shares; ESS shares converted into DVP ordinary shares on 6 November 2023 at 6.18 ESS shares for each new DVP share.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | OtherOrdinary shares | 809 | —Non Cash | — | 17,820 |
| 2023-11-06 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-11-06The reported total direct rights after the change is 2,363,551, comprising 2,200,000 LTI Performance Rights and 163,551 STI Share Rights as specified in the footnote. The form reports nil consideration. As disclosed: LTI Performance Rights issued under the Company's 2021 Performance Incentive Plan. The issue was approved by shareholders at the general meeting on 25 May 2023.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantLTI Performance Rights | 2,200,000 | —Non Cash | — | 2,200,000 |
| 2023-09-29 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2023-09-29Share Rights were issued in lieu of director fees. The stated $72,000 is retained as non-cash remuneration value, not as cash paid. As disclosed: 29 September 2023; issue of 21,724 Share Rights in lieu of Director fees for the half-year period commencing 1 July 2023; Value/Consideration $72,000.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | GrantShare Rights | 21,724 | —Non Cash | — | 21,724 |
| 2023-08-02 | Shirley Eleanor In'Tveld
Details & evidence for Shirley Eleanor In'Tveld on 2023-08-02Direct entitlement-offer subscription. The notice reports 200,000 direct options both before and after the share change; no option event is inferred. As disclosed: 2 August 2023; 2,586 DVP Ordinary Shares acquired through participation in the Entitlement Offer; consideration $8,275.20.
Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | SubscriptionDVP ordinary shares | 2,586 | AUD 8,275.20 | AUD 3.2Calculated average | 77,586 |
| 2023-08-02 | Michael Gerrard Blakiston
Details & evidence for Michael Gerrard Blakiston on 2023-08-02The notice names Solemn Vow Pty Ltd <Solemn Vow Unit A/C> and Oro Resources Pty Ltd as indirect-interest entities but does not allocate the 1,245-share subscription to either account; no account allocation is inferred. As disclosed: 2 August 2023; 1,245 DVP Ordinary Shares acquired indirectly through participation in the Entitlement Offer; value/consideration $3,984.00.
HSBC Custody Nominees on behalf of Northern Trust Company and Solemn Vow Unit Trust · beneficiary of Solemn Vow Unit Trust BOS Management Pty Ltd · shareholder and director ORO Resources Pty Ltd · shareholder and director Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | SubscriptionDVP ordinary shares | 1,245 | AUD 3,984.00 | AUD 3.2Calculated average | 87,348 |
| 2023-08-02 | William James BeamentThe Estate of Mr John Beament
Details & evidence for William James Beament on 2023-08-02The director-view event links to the same estate subscription in the major-holder view through the shared economic_event_id. As disclosed: 2 August 2023; 592 DVP Ordinary Shares acquired indirectly through participation in the Entitlement Offer; consideration $1,894.40.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ Change in substantial holding ↗ | SubscriptionDVP ordinary shares | 592 | AUD 1,894.40 | AUD 3.2Disclosed price | 18,092 |
| 2023-07-19 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-07-19Direct ordinary-share acquisition on exercise of the same number of options. It links to the matching major-holder Form 604 event through the shared economic_event_id. As disclosed: 19 July 2023; 9,085 DVP Ordinary Shares acquired upon exercise of 9,085 DVP Options (DVPAW); direct consideration $6,132.38.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Ordinary Shares | 9,085 | AUD 6,132.38 | AUD 0.675Disclosed price | 36,213,376 |
| 2023-07-19 | William James BeamentSt Emilion Super Pty Ltd ATF The St Emilion Super Fund
Details & evidence for William James Beament on 2023-07-19Indirect ordinary-share acquisition on exercise of DVPAW options; it links to the matching major-holder record through the shared economic_event_id. As disclosed: 19 July 2023; 5,236 DVP Ordinary Shares acquired in SESPL on exercise of DVPAW options.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Ordinary Shares | 5,236 | AUD 3,534.30 | AUD 0.675Disclosed price | 93,512 |
| 2023-07-19 | William James BeamentMining and Infrastructure Group Pty Ltd
Details & evidence for William James Beament on 2023-07-19Indirect ordinary-share acquisition on exercise of DVPAW options; it links to the matching major-holder record through the shared economic_event_id. As disclosed: 19 July 2023; 953 DVP Ordinary Shares acquired in MIGPL on exercise of DVPAW options.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Ordinary Shares | 953 | AUD 643.28 | AUD 0.675Disclosed price | 17,011 |
| 2023-07-19 | William James BeamentThe Estate of Mr John Beament
Details & evidence for William James Beament on 2023-07-19Indirect ordinary-share acquisition on exercise of DVPAW options; it links to the matching major-holder record through the shared economic_event_id. As disclosed: 19 July 2023; 349 DVP Ordinary Shares acquired in MJB on exercise of DVPAW options.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Ordinary Shares | 349 | AUD 235.58 | AUD 0.675Disclosed price | 17,500 |
| 2023-07-19 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-07-19Options consumed in the paired ordinary-share exercise event; cash is recorded once on the acquired-share event. As disclosed: 19 July 2023; 9,085 DVP Options (DVPAW) disposed on exercise.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Options (DVPAW) | 9,085 | — | — | 28,000,000 |
| 2023-07-19 | William James BeamentSt Emilion Super Pty Ltd ATF The St Emilion Super Fund
Details & evidence for William James Beament on 2023-07-19Options consumed in the paired SESPL ordinary-share exercise event; consideration is recorded on the share event. As disclosed: 19 July 2023; 5,236 DVP Options (DVPAW) held through SESPL disposed on exercise.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseDVP Options (DVPAW) | 5,236 | — | — | 0 |
| 2023-07-19 | William James BeamentMining and Infrastructure Group Pty Ltd
Details & evidence for William James Beament on 2023-07-19Options consumed in the paired MIGPL ordinary-share exercise event; consideration is recorded on the share event. As disclosed: 19 July 2023; 953 DVP Options (DVPAW) held through MIGPL disposed on exercise.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseDVP Options (DVPAW) | 953 | — | — | 0 |
| 2023-07-19 | William James BeamentThe Estate of Mr John Beament
Details & evidence for William James Beament on 2023-07-19Options consumed in the paired MJB ordinary-share exercise event; consideration is recorded on the share event. As disclosed: 19 July 2023; 349 DVP Options (DVPAW) held through the Estate of Mr John Beament disposed on exercise.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseDVP Options (DVPAW) | 349 | — | — | 0 |
| 2023-07-12 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-07-12This director-view record links to the same entitlement-offer subscription in the major-holder view using the shared economic_event_id. As disclosed: 12 July 2023; participation in the Entitlement Offer announced on 3 July 2023; 1,209,752 DVP Ordinary Shares acquired; direct consideration $3,871,206.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | SubscriptionDVP ordinary shares | 1,209,752 | AUD 3,871,206.00 | AUD 3.2Disclosed price | 36,204,291 |
| 2023-05-12 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-05-1211,080,035 ordinary shares acquired on exercise of the same number of DVP options. Cash consideration is recorded on this share-acquisition event; the options consumed are recorded in the paired event. As disclosed: 12 May 2023; 11,080,035 DVP Ordinary Shares acquired upon exercise of 11,080,035 unlisted options (DVPAZ); Direct consideration $7,479,024.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP ordinary shares | 11,080,035 | AUD 7,479,024.00 | AUD 0.675Disclosed price | 34,994,539 |
| 2023-05-12 | William James BeamentBeament Family Trust
Details & evidence for William James Beament on 2023-05-12Options consumed in the paired ordinary-share exercise event. The total cash consideration is recorded once on the acquired-share event. As disclosed: Direct disposal of 11,080,035 DVP Options (DVPAZ) on exercise; Form 604 reports $0.675 per share.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | ExerciseDVP Options (DVPAZ) | 11,080,035 | — | — | 28,009,083 |
| 2023-03-10to 2023-03-16 | William James BeamentThe Estate of Mr John Beament
Details & evidence for William James Beament on 2023-03-10Indirect on-market acquisition recorded in the Estate of Mr John Beament account; the paired major-holder view represents the same economic transaction. As disclosed: 10 March 2023 – 16 March 2023; indirect acquisition of 11,277 DVP Ordinary Shares; on-market trade; consideration $33,778.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Change in substantial holding ↗ | PurchaseDVP ordinary shares | 11,277 | AUD 33,778.00 | AUD 3Disclosed price | 17,151 |
Disclosed holding observations11 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2025-11-10 | Duncan Bradford
Details & evidence for Duncan Bradford on 2025-11-10Initial ordinary-share position disclosed retrospectively as 4,000 shares held indirectly through EDGZ Pty Ltd before the 10 November 2025 appointment. The 14 November 3X states Nil; the 29 December 3Y says the 4,000 shares were omitted from that 3X due to an accounting oversight. No transaction date or acquisition is inferred for these 4,000 shares.
EDGZ Pty Ltd · shareholder and director Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Initial Director's Interest Notice ↗ | InitialOrdinary shares | 4,000 | — |
| 2023-12-15 | Justine Alexandria Magee
Details & evidence for Justine Alexandria Magee on 2023-12-15Position reported after the sign-on option grant; the options were not to vest before 15 December 2024.
Change of Director's Interest Notice ↗ Notice of Annual General Meeting/Proxy Form ↗ | PositionUnlisted options | 100,000 | — |
| 2023-11-06 | William James Beament
Details & evidence for William James Beament on 2023-11-06Aggregate direct position; the filing identifies 809 shares in the Beament Family Trust and 809 in personal capacity but does not disclose each account's full balance separately.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PositionOrdinary shares | 36,378,545 | — |
| 2023-11-06 | William James Beament
Details & evidence for William James Beament on 2023-11-06Position as reported after the ESS-to-DVP scheme conversion.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ | PositionOrdinary shares | 17,820 | — |
| 2023-11-06 | William James Beament
Details & evidence for William James Beament on 2023-11-06Unchanged indirect position disclosed in the replacement Appendix 3Y; the nature of the association is not stated.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ | PositionOrdinary shares | 18,092 | — |
| 2023-11-06 | William James Beament
Details & evidence for William James Beament on 2023-11-06Position as reported after the ESS-to-DVP scheme conversion.
Beament Family Trust · trustee and beneficiary of the trust Change of Director's Interest Notice ↗ | PositionOrdinary shares | 94,321 | — |
| 2023-02-09 | Michael McMullen
Details & evidence for Michael McMullen on 2023-02-09Final registered holding reported at director cessation; the stated expiry and exercise price are preserved and no transaction is disclosed.
Final Director's Interest Notice ↗ | FinalOptions expiring 22 June 2024 with a $0.75 exercise price | 2,000,000 | — |
| 2023-02-09 | Michael McMullen
Details & evidence for Michael McMullen on 2023-02-09Final relevant-interest position disclosed in Part 2 under the named holder; the filing does not state additional circumstances or disclose a transaction.
Final Director's Interest Notice ↗ | FinalOrdinary shares | 1,214,510 | — |
| 2023-02-09 | Michael McMullen
Details & evidence for Michael McMullen on 2023-02-09Final relevant-interest position disclosed in Part 2 under the named holder; the filing does not state additional circumstances or disclose a transaction.
Final Director's Interest Notice ↗ | FinalOptions expiring 22 June 2023 with a $0.675 exercise price | 576,272 | — |
| 2023-01-31 | Michelle Louise Woolhouse
Details & evidence for Michelle Louise Woolhouse on 2023-01-31Final registered holding reported at the director's cessation date. The stated exercise price and expiry are preserved; no option transaction is disclosed.
Final Director's Interest Notice ↗ | FinalUnlisted options exercisable at $4.25 each, expiring 21 September 2025 | 100,000 | — |
| 2023-01-31 | Michelle Louise Woolhouse
Details & evidence for Michelle Louise Woolhouse on 2023-01-31Final registered holding reported at the director's cessation date; no associated transaction is disclosed.
Final Director's Interest Notice ↗ | FinalOrdinary shares | 20,000 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory21 documents
2026 Notice of Annual General MeetingOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20261013-agm
- Published UTC
- 2026-10-12T22:14:53+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
DVP ordinary share eligible local closing priceMarket Data · HighExtracted
Eligible 13 October 2026 local close A$4.13, volume 1,381,826. Cutoff reference only; not an October 24 live quote.
- Document ID
- doc-dvp-price-20261013
- Published UTC
- 2026-10-13T05:00:00+00:00
- Projects
- —
- Commodities
- —
Resources and energy quarterly September 2026: government outlookCommodity Data · HighExtracted
Primary government HTML outlook consulted. Copper 2031 US$11,600/t real; zinc US$2,712/t real. Spodumene and hydroxide benchmarks are not the Pioneer carbonate-linked DSO product. PDF download failed; no retained PDF or PDF facts claimed. Publication is date-only; midnight AEST is a normalization convention, not a verified release time.
- Document ID
- doc-dvp-20261002-req
- Published UTC
- 2026-10-01T14:00:00+00:00
- Projects
- —
- Commodities
- —
FY27 production, operating cost and capital guidanceGuidance · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260929-guidance
- Published UTC
- 2026-09-28T22:11:29+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Annual Report to shareholdersResults · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260929-annual
- Published UTC
- 2026-09-28T22:11:39Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Woodlawn mine life growth drillingOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260827-growth
- Published UTC
- 2026-08-26T23:31:00+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities ReportOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260728-quarter
- Published UTC
- 2026-07-27T22:27:39Z
- Projects
- —
- Commodities
- copper · zinc · lithium
June 2026 Appendix 5B cash flowFinancing · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260728-cashflow
- Published UTC
- 2026-07-27T22:27:49+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Final investment decisions and Trafigura financingStudy · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260610-fid
- Published UTC
- 2026-06-09T22:29:55+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Pioneer Dome grade-control drilling and DSO project updateOperations · HighExtracted
Primary May2026 grade-control results support the then-proposed DSO campaign; later JuneFID supersedes indicative pricing and finance terms. Current GDA2020Zone51 collar tables and plan-section retained for the separate satellite workflow.
- Document ID
- doc-dvp-20260528-pioneer
- Published UTC
- 2026-05-27T23:35:22+00:00
- Projects
- pioneer-dome
- Commodities
- lithium
Quarterly Activities ReportOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260423-quarter
- Published UTC
- 2026-04-22T22:16:56Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Half Yearly Report and AccountsResults · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260310-halfyear
- Published UTC
- 2026-03-09T21:20:39Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities Report - December 2025Operations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20260128-quarter
- Published UTC
- 2026-01-27T21:28:07Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities ReportOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20251028-quarter
- Published UTC
- 2025-10-27T21:20:54Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Updated Yitirrti Definitive Feasibility StudyStudy · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20251009-dfs
- Published UTC
- 2025-10-08T21:28:14+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Annual Report to shareholdersResults · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20250925-annual
- Published UTC
- 2025-09-24T22:57:26Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities ReportOperations · HighExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20250728-quarter
- Published UTC
- 2025-07-27T22:26:58Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities ReportOperations · MediumExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20250428-quarter
- Published UTC
- 2025-04-27T22:33:24Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Half Year AccountsResults · MediumExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20250228-halfyear
- Published UTC
- 2025-02-27T22:25:47Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Quarterly Activities ReportOperations · MediumExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view.
- Document ID
- doc-dvp-20250129-quarter
- Published UTC
- 2025-01-28T21:23:01Z
- Projects
- —
- Commodities
- copper · zinc · lithium
Investor presentation: Woodlawn funding and valuationOperations · MediumExtracted
Primary filing reviewed through the V8 page cache; source periods, native product units and material contractual terms retained. Older reporting provides execution history; later annual statements and FY27 guidance govern the current view. Original intraday publication time unavailable; 16:00 local is a conservative date-only timestamp proxy, with reaction deferred to the next trading session.
- Document ID
- doc-dvp-20240802-presentation
- Published UTC
- 2024-08-02T06:00:00+00:00
- Projects
- —
- Commodities
- copper · zinc · lithium
Evidence facts149
FY27 ore775–875kt at2.7% CuEq;21–23.5kt CuEq in ore, before recovery text
2027-06-302028-06-30 date
2026-09-292026-12-31 date
2026-09-29114812000 AUD
2026-06-30116670000 AUD
2026-06-3024215000 AUD
2026-06-30672133000 AUD
2026-06-30388539000 AUD
2026-06-3043595000 AUD
2026-06-308186000 AUD
2026-06-3049952000 AUD
2026-06-30112725000 AUD
2026-06-30329919225 shares
2026-09-07349215152 shares
2026-09-07226900000 AUD
2026-06-3013.581754076685765 %
2026-06-3095.32833847509916 %
2026-06-301300000.0 t
2026-06-302.1 %
2026-06-3027300.0 t
2026-06-305.2 %
2026-06-3067600.0 t
2026-06-306800000.0 t
2026-06-301.8 %
2026-06-30122400.0 t
2026-06-304.7 %
2026-06-30319600.0 t
2026-06-303100000.0 t
2026-06-301.6 %
2026-06-3049600.0 t
2026-06-308.5 %
2026-06-30263500.0 t
2026-06-3011300000.0 t
2026-06-301.8 %
2026-06-30203400.0 t
2026-06-305.8 %
2026-06-30655400.0 t
2026-06-3012400000.0 t
2026-06-301.2 %
2026-06-30148800.0 t
2026-06-305.6 %
2026-06-30694400.0 t
2026-06-301400000.0 t
2026-06-300.2 %
2026-06-302800.0 t
2026-06-306.4 %
2026-06-3089600.0 t
2026-06-3013800000.0 t
2026-06-301.1 %
2026-06-30151800.00000000003 t
2026-06-305.7 %
2026-06-30786600.0 t
2026-06-302300000.0 t
2026-06-300.9 %
2026-06-3020700.0 t
2026-06-305.7 %
2026-06-30131100.0 t
2026-06-301300000.0 t
2026-06-300.5 %
2026-06-306500.0 t
2026-06-306.5 %
2026-06-3084500.0 t
2026-06-303600000.0 t
2026-06-300.8 %
2026-06-3028800.0 t
2026-06-306.0 %
2026-06-30216000.0 t
2026-06-301200000.0 t
2026-06-301.7 %
2026-06-3020400.0 t
2026-06-304.5 %
2026-06-3054000.0 t
2026-06-304800000.0 t
2026-06-301.4 %
2026-06-3067200.0 t
2026-06-303.4 %
2026-06-30163200.0 t
2026-06-306000000.0 t
2026-06-301.5 %
2026-06-3090000.0 t
2026-06-303.6 %
2026-06-30216000.0 t
2026-06-308800000.0 t
2026-06-301.1 %
2026-06-3096800.0 t
2026-06-305.4 %
2026-06-30475200.0 t
2026-06-308800000.0 t
2026-06-301.1 %
2026-06-3096800.0 t
2026-06-305.4 %
2026-06-30475200.0 t
2026-06-308600000.0 t
2026-06-301.23 %
2026-06-30105000 t
2026-06-302600000.0 t
2026-06-300.92 %
2026-06-3024000 t
2026-06-3011200000.0 t
2026-06-301.2 %
2026-06-30129000 t
2026-06-30850000 tpa
2026-06-30388000000 AUD
2026-06-301579 t
2026-06-305455 t
2026-06-304798 t
2026-06-3012008 t
2026-06-301.2 %
2026-06-304.9 %
2026-06-3080 %
2026-06-3075 %
2026-06-30634442 t
2026-06-30100 %
2026-06-30100 %
2026-06-30100 %
2026-06-30100 %
2026-06-3020 %
2026-06-3020 %
2026-06-3020 %
2026-06-3025 %
2026-06-3025 %
2026-06-3030 %
2026-06-3020 %
2026-06-3020 %
2026-06-3025 %
2026-06-30100 %
2026-06-30June2026 FID based on October2025 UpdatedDFS with May2026 FEED costs text
2026-06-102026-06-10 date
2026-06-1037 %
2026-06-10450000000 AUD
2026-06-108 years
2026-06-108 %
2026-06-10All major project approvals granted; construction underway text
2026-06-109125.0 t/yr
2026-06-1060000.0 t/yr
2026-06-1013854 USD/t
2026-06-103527 USD/t
2026-06-1040000000 AUD
2026-06-101 years
2026-06-10StageI DSO Final Investment Decision text
2026-06-102026-06-10 date
2026-06-1055 %
2026-06-1010200 t/yr
2026-06-10Fully permitted; construction and site establishment commenced text
2026-06-104.13 AUD/share
2026-10-1311600 USD/t
2026-10-022712 USD/t
2026-10-021500 USD/t
2026-10-0216200 USD/t
2026-10-02Conflicts requiring judgment3
- financial_position.cash
Auditedannual114.812mselectedoverunauditedJunequarter123m. Nounsupportedcashbridgefabricated.
- capital_structure.ordinary_shares
Latestissuer7Sep329,919,225distributionselectedoverJune329,985,475;smallunexplainedvariance retained inreconciliation.
- economic_arrangements.trafigura-loan.interest_capitalisation
Annualnote15saysfirst18months;FIDAppendixAsays6months. Contractclarificationneeded;borrowingriskhaircutanddebtadjustmentpreserved.