Develop Global (ASX:DVP) - Managing Director, Bill Beament
Managing Director, Bill Beament
MD at Sulphur Springs. Source: Bill Beament/LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Develop (DVP) has been awarded a $400 million mining contract at Bellevue Gold (BGL) gold mine in Western Australia
  • The contract covers a period of almost four years
  • Bellevue is described as an exceptional gold asset with a great production outlook and low all-in sustaining costs
  • The Bellevue contract will be done at the same time as Develop’s Woodlawn zinc-copper project
  • Develop Global last traded at $3.22 per share before market open, Bellevue Gold (BGL) traded at 99 cents

Develop Global (DVP) has been awarded the mining contract valued at $400 million at Bellevue Gold (BGL) Bellevue gold mine in Western Australia.

The contract covers a period of almost four years and provides for Develop’s underground services division to undertake construction, development and production activities at the underground mine. Commencement is planned for June.

Develop has appointed Jordan Hall as Project Manager for the Bellevue contract. Hall spent 19 years working for mining contractor Byrnecut, where he was employed predominantly in senior management roles at major WA projects such as the Jundee gold mine and Golden Grove base metals project.

In addition, Develop has recently recruited a significant number of underground personnel and secured key equipment. This is to ensure that Develop has ready access to a deep pool of underground mining specialists and the latest machinery for use at Bellevue.

The companies believe this contract to be an enormous opportunity as it includes is an exceptional gold asset with a great production outlook and low all-in sustaining costs.

The Bellevue gold mine is about 400km north of Kalgoorlie within a high-grade gold and nickel district on the Wiluna-Norseman gold belt.

Develop’s Managing Director, Bill Beament, said: “It is one of the largest contracts in the WA gold mining industry. It is also one of the most environmentally ambitious projects, with the aim of producing Australia’s first carbon-neutral gold.

“I have no doubt that applying the combined skills and experience of the Bellevue and Develop teams to this exceptional asset will ensure strong returns for all stakeholders.”

The Bellevue contract will be conducted in parallel with Develop’s exploration and development activities at its Woodlawn zinc-copper project in New South Wales.

Develop Global traded at $3.22 per share before market open, while Bellevue Gold traded at 99 cents.

DVP by the numbers
More From The Market Herald

" Newcrest Mining (ASX: NCM) to progress farm-in deal for Antipa Minerals’ (ASX:AZY) Wilki project, WA

Newcrest Mining (ASX:NCM) has agreed to operate Antipa Minerals' (ASX:AZY) Wilki project in WA as part…

" Tesoro Gold (ASX:TSO) increases Ternera Deposit MRE

Tesoro Gold (ASX:TSO) has increased its mineral resource estimate for the Ternera Gold Deposit in Chile…
BetMakers (ASX:BET) - CEO, Todd Buckingham

" Betmakers Technology (ASX:BET) selected as new tote provider in Norway

BetMakers Technology (ASX:BET) has been contracted to be the new tote technology and services provider for…

" Anson Resources (ASX:ASN) reaches target depth at Paradox lithium project, Utah

Anson Resources (ASX:ASN) has reached its target depth in an expansion drilling program at its Paradox…