Develop Global Limited (DVP) – $180m Institutional Placement

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the institutional placement, which received strong support from leading international and domestic institutional investors. Proceeds will be used to accelerate the development timetable at Sulphur Springs, accelerate production growth options at Woodlawn, grow the inventory, mine lives and production rates at Woodlawn & Sulphur Springs and to capitalise on partnership opportunities. Congratulations to Managing Director Bill Beament and the Develop team for this landmark transaction. Argonaut’s Corporate Finance team was led by Eddie Rigg, Kaiden Gilbert, Max Carter-Mazak, and Michael Paganin. Syndication was led by Digby Gilmour.