Announcement Date: 2022-05-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Develop Global Ltd.
Project name: Sulphur Springs
Location: Australia
Commodities: Gold,Silver,Copper,Zinc
Highlight: Drilling results incl. 65.1m @ 2.1% Cu, 4.3% Zn, 9.9g/t Ag, 0.1g/t Au from 135.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Develop (ASX: DVP) is pleased to announce exceptional infill, extension and exploration drilling results which will help underpin a significant Resource upgrade at its Sulphur Springs copper-zinc-silver project in WA’s Pilbara. The latest results are consistent with Develop’s strategy to upgrade a substantial proportion of the Inferred Resource to the Indicated category. This will pave the way for an increased Reserve, optimised mine development plan, revised project costings and finalisation of funding options. The assays also extend the known mineralisation, highlighting the potential to increase the total inventory. This mineralisation will be pursued in a follow-up drilling program later this year. The Sulphur Spring Resource stands at 13.8Mt at 2.8% CuEq1 (1.5% Cu, 3.8% Zn, 0.2% Pb and 17gpt Ag), including 9.4Mt in the Indicated category. Develop Managing Director Bill Beament said the latest results were highly significant for Develop.
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