It looks like Woodlawn is in a position where its ready to be...

It looks like Woodlawn is in a position where its ready to be mined and now the capital can be reserved until the time is right.
New mine plan end of March and an updated scoping study for Pioneer dome end of march as well.

With the project’s restart substantially de-risked through the completion of underground capital development and associated infrastructure works for the first 18 months of ore production, cash outflows at Woodlawn will significantly decrease moving into calendar year 2024. Focus this quarter is on updating the project’s Resource and Reserves estimates. These new estimates will provide the foundation to Develop’s new mine plan due to be released at the end of the March quarter.

A nice little addition at the end. Expect a higher cash balance at the end of this quarter.

Develop’s cash position on 31 December 2023 was A$32.5M. Material payments were received in early January rather than in December due to the Christmas/New Year period. This will result in the expected March quarter ending cash balance growing from the December quarter position.