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DEVELOP ASX Announcement 29/10/2021 ASX : DVP SEPTEMBER 2021 QUARTERLY REPORT • • • Company name changed to DEVELOP Global Limited TSF geotechnical drilling programme completed at Sulphur Springs copper - zinc project Sulphur Springs infill and exploration drilling well advanced with more than 7,000m completed DEVELOP ( ASX : DVP ) is pleased to report on a pivotal quarter for the Company during which shareholders approved the new name . The name reflects the Company's new strategic direction , corporate culture and project - related initiatives , which have positioned it to play a key role in this era of global decarbonisation . DEVELOP is backed by a well - funded balance sheet , new management and a clear strategy to unlock the full value of its Sulphur Springs copper - zinc project in the Pilbara . DEVEOP Managing Director Bill Beament said : “ It was a significant quarter which paves the way for us to progress our multi - pronged strategy to provide products and services which will be required in the new era of decarbonisation . " We look forward to outlining this strategy in more detail shortly , as well as providing Sulphur Springs drilling results , in the coming months " . Sulphur Springs Copper Zinc Project DEVELOP's flagship Sulphur Springs Project is located 112km south - east of Port Hedland in Western Australia and hosts a total Mineral Resource comprising 17.4 million tonnes grading 1.3 % copper , 4.2 % zinc and 17g / t silver . The Definitive Feasibility Study ( see ASX release 10 October 2018 ) delivered a Pre - Tax NPV8 % of A $ 472 million based on a copper price of US $ 6300 / tonne and zinc price of US $ 2650 / tonne . Current prices are ~ 50 % and ~ 30 % higher respectively . Environment A report detailing compliance with the primary approval conditions for the project was submitted during the quarter . Applications for outstanding approvals were advanced with the benefit of additional field data and infrastructure design details . Baseline environmental monitoring was maintained and a weather station commissioned which is now providing site specific weather data valuable for future management and calibration of environmental models . Exploration During the quarter , the Company completed a TSF geotechnical drilling programme , and commenced an additional resource infill and exploration drilling program at the Sulphur Springs Project . The approximate 15,000-20,000m resource infill and exploration drilling program is designed to target at depth inferred mineralisation at the Sulphur Springs Resource as part of the Company's de - risking strategy . The programme is additional to the previously reported ' Open Pit ' Infill drilling programme . PRODUCING POTENTIAL DEVELOP.COM.AU DEVELOP GLOBAL LIMITED ABN : 28 122 180 205 + ( 618 ) 6389 7400 HELLO@DEVELOP.COM.AU LEVEL 2 , 91 HAVELOCK ST WEST PERTH WA 6005