Woodlawn Copper Mine Surpasses 850,000 Tonnes Capacity in March Quarter

Steady-State Production Milestone at Woodlawn

Develop Global Limited (ASX:DVP) announced on 9 April 2026 that its Woodlawn copper mine in New South Wales has achieved steady-state production, exceeding the project’s nameplate capacity of 850,000 tonnes per annum. The March 2026 quarter marked a significant operational milestone, with mined ore tonnages reaching 181,973 tonnes, a 46.4% increase from the previous quarter, and processing volumes rising 25.2% to 176,550 tonnes.

Metal concentrate production also saw substantial growth, with tonnages up 50% to 14,219 tonnes and concentrate value increasing by 66%. These figures reflect the culmination of a three-year development strategy focused on derisking the project through exploration and upfront mine development.

Operational Strategy and Cost Structure

Managing Director Bill Beament highlighted the company’s approach to risk mitigation, including extensive infill drilling for grade control and a bottom-up development strategy that has advanced mine development ahead of production schedules. This approach provides operational flexibility and consistency, which are critical in maintaining steady-state output.

Develop Global also benefits from a favourable cost structure, with diesel accounting for only 1.3% of Woodlawn’s operating costs for the financial year ending 28 February 2026. The mine’s electricity is sourced entirely from the east coast grid, reducing exposure to diesel price volatility and supply constraints that affect many peers in the sector.

Positioning for Cash Flow Generation

The company indicated that reaching steady-state production positions Woodlawn to generate significant free cash flow. While detailed financial results are pending, this operational milestone is expected to underpin the company’s near-term cash flow profile.

Develop Global plans to release its full quarterly results for the period ended 31 March 2026 on 23 April 2026, with a conference call hosted by Bill Beament to discuss the outcomes.

Recent Operational Progress

This announcement builds on Develop Global’s earlier progress reported in January 2026, where the company was nearing steady-state production at Woodlawn and highlighted a significant value uplift at its Sulphur Springs project. The company’s strategic execution at Woodlawn has been a key focus, as detailed in its prior update on the December quarter’s strong throughput and development milestones.

For investors and market observers, the steady-state production achievement at Woodlawn confirms the operational momentum that Develop Global has been cultivating over recent quarters, as seen in the company’s strong December quarter progress.