Develop Global Secures A$100m Loan for Woodlawn Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2024
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Source: Business Insider
Loan and Offtake Agreement: Develop Global Limited has secured a A$100 million loan facility with Trafigura, along with a five-year offtake agreement to support its Woodlawn copper-zinc mine project.
Production Timeline: The company is on track for its first concentrate production by June next year, as refurbishment of the processing plant is halfway complete and underground ore production is set to begin soon.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
