DEVELOP GLOBAL LIMITED — AGM Information 2012

Nov 25, 2012

Annual General Meeting Presentation Michael Mulroney - Managing Director | November 2012

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Cautionary Statement

The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”).

This Presentation does not constitute an offer or invitation to any person to subscribe for or apply for any securities in the Company.

While the information contained in this Presentation has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representations or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any person. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained in this Presentation necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

This Presentation may include certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers, do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation of any matter that subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements .

Competency Statement

The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by Mr Michael Mulroney and Mr Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. Mr Mulroney and Mr Wood are full time employees of Venturex Resources Limited and have sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaking to qualify as Competent Persons as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mulroney and Mr Wood consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The information in this report that relates to Ore Reserves is based on information compiled or reviewed by Mr David Clark who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Clark is a full time employee of RMDSTEM Limited and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Clark consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Brazil Exploration Results is based on information compiled by Mr Karl Weber who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Weber is a fulltime employee of CMG Mineração Ltda, a wholly owned subsidiary of Venturex Resources Limited, and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Weber consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Overview

Company Overview

Gold Explorer

Cu Zn Developer

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Overview

Corporate Information

Board

Tony Kiernan	Non-Executive Chairman
Michael Mulroney	Managing Director
Allan Trench	Non-Executive Director
John Nitschke	Non-Executive Director
Ray Parry	Non-Executive Director

Key Shareholders

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31.9%
40.8% Regent Pacific
Northern Star
JP Morgan Nominees
Argonaut Equity Partners
Citicorp Nominees
Others
14.5%
3.5%
4.4% 4.9%
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Capital Structure

ASX Code		VXR
Share Price	$	0.04
Issued Shares	m	1,375.37
Market Capitalisation	$m	55.0

Share Price

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Volume (m) Price ($)
20 $0.10
18 $0.09
16 $0.08
14 $0.07
12 $0.06
10 $0.05
8 $0.04
6 $0.03
4 $0.02
2 $0.01
0 $0.00
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Note: Data as at 23 Nov 2012. Source: Bloomberg, Company disclosures

Pilbara Cu-Zn Project

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First World Location
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Pilbara Cu-Zn Project

Large Resource with Further Discovery Upside

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1,000,000
FUTURE
CURRENT TARGET [1 ]
900,000
RESOURCE
~600,000t
800,000
CuEQ
700,000 KANGAROO CAVES
SULPHUR
600,000 SPRINGS
500,000
400,000
300,000
WHIM CREEK
200,000
100,000 EVELYN
-
2009 2010 2011 2012 2013+
Cu EQ Tonnes
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1 The exploration target is conceptual in nature and there has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a mineral resource under the JORC Code.

Pilbara Cu-Zn Project

Growing Resources Base

		MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES
Location		Classification	Tonnes ('000t)	Cu %	Zn %	Pb %	Ag g/t	Au g/t
Sulphur Springs		Indicated	8,300	2.0	5.5	0.3	22.3	0.1
		Inferred	4,531	0.7	1.5	0.1	8.9	0.1
		Sub-total	12,831	1.5	4.1	0.2	17.6	0.1
Whim Creek		Indicated	967	2.1	1.1	0.2	10.3	0.1
		Inferred	4	0.5	2.3	0.6	13.9	0.1
		Sub-total	972	2.1	1.1	0.2	10.3	0.1
Mons Cupri		Measured	1,273	1.5	1.7	0.8	41.1	0.3
		Indicated	3,286	0.7	1.1	0.4	17.7	0.1
		Inferred	48	0.7	0.6	0.1	9.0	0.0
		Sub-total	4,607	0.9	1.3	0.5	24.1	0.1
Salt Creek	Zn	Indicated	475	0.2	14.1	4.4	107.1	0.5
	Cu	Indicated	423	3.7	0.9	0.1	2.7	0.1
		Inferred	105	3.5	0.1	0.0	1.5	0.0
	Zn/Cu	Sub-total	1,003	2.0	7.0	2.1	52.0	0.3
Liberty-Indee		Indicated	453	2.2	4.5	0.4	42.0	0.9
		Inferred	204	1.0	1.8	0.2	22.4	0.4
		Sub-total	657	1.8	3.7	0.3	35.9	0.8
Kangaroo Caves		Indicated	4,300	0.6	3.3		14.0
		Inferred	2,000	0.3	3.4		8.0
		Sub-total	6,300	0.5	3.3		12.1
All Locations		Measured	1,273	1.5	1.7	0.8	41.1	0.3
		Indicated	18,205	1.4	4.0	0.3	21.1	0.1
		Inferred	6,892	0.6	2.0	0.1	8.9	0.0
		Total Resources	26,370	1.2	3.4	0.3	18.9	0.1

1 Source: Sipa Resources Limited, October 2007

Feasibility Study

Feasibility Study Ore Reserve

	ORE RESERVE	ORE RESERVE	ORE RESERVE	ORE RESERVE	ORE RESERVE	ORE RESERVE	ORE RESERVE
Location	Classification	Tonnes ('000t)	Cu %	Zn %	Pb %	Ag g/t	Au g/t
Whim Creek	Probable	221	2.7	0.9	0.1	8.5	0.1
Mons Cupri	Probable	951	1.7	2.2	1.0	47.1	0.3
Sulphur Springs*	Probable	6,031	1.9	4.2	0.2	18.4	0.0
All Locations	Total	7,202	1.9	3.8	0.3	21.9	0.1

• Upgrade pending based on Sulphur Springs Resource increase

Feasibility Study

Project Description

 Simple Mining Operations

• New underground mine development at Sulphur Springs

• Expansion of existing open pits at Whim Creek/Mons Cupri

 Central Processing Hub at Sulphur Springs

• Process Rate 1.0 Mtpa, conventional flotation, stable metallurgy

 Tailings Disposal

• Paste fill underground, filtered compacted tailings disposal on surface

 Infrastructure

• Self contained operation, joint access road development

 Separate Copper and Zinc Concentrate Products

 Mine Life - 7+ years

• Addition of Salt Creek, Evelyn, Kangaroo Caves provides conceptual 10 year life

Feasibility Study

Feasibility Progress

Design Area	Outcome
Mine Design	Completing inclusion of new drilling results
Process Design	Complete
Infrastructure Design	Completed - 230 man camp, 62 km access road, sealed airstrip, power station, water supply, comms
Product Logistics	Containerised mine to ship rail system
Capital Costs	98% complete
Operating Costs	98% complete
Average Annual Payable Metal Production	18,000 t copper 30,000 t zinc 0.3 Mozs silver
Metal off take	Zinc – 230,000t zinc in concentrate to Toho Zinc Copper – Uncommitted

Feasibility Study

Project Access

Source – GR Engineering September 2012

Feasibility Study

Site Layout

Source – GR Engineering September 2012

Feasibility Study

Metallurgy

Marketable Concentrates

LOCATION	COPPER %	ZINC %	SILVER g/t	LEAD %
MONS CUPRI
Copper Concentrate	24.1	5.9	218	2.1
Lead Concentrate	0.8	10.9	1,503	43.8
Zinc Concentrate	1.5	47.2	102	1.5
SULPHUR SPRINGS
Copper Concentrate	26.4	2.5	74	1.0
Zinc Concentrate	0.5	56.1	56	0.3
WHIM CREEK
Copper Concentrate	25.2	4.0	28	0.4

Feasibility Study

Permitting

Regulatory and Environment

• Stakeholder engagement well advanced

• Project design has reduced footprint size, lower environmental impact

• All PAF returned underground

• Significant quantity of the tailings returned underground as paste

• Paste or dry tailings disposal

• No flora/fauna issues of significant concern identified

• Anticipate assessment under Mining Proposal regime

• Permitting of joint access road development with Atlas Iron well advanced

• Project permitting process has commenced

Exploration

– Whim Creek Exploration Commenced

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 Multiple targets in attractive settings

 Salt Creek

• Open below 300 metres depth

 Balla Balla

• 6m @ 0.2% Cu, 7.3% Zn plus 2m @ 5.6% Cu

• Open at depth, along strike to SW

 East Balla

• New alteration/sulphide zone intersected

• Footwall stringer position

 Mons Cupri corridor

• Mons Cupri SW target

• Whim Creek style mineralisation

Exploration

– Liberty Indee JV New Frontier

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• Greenfields geological setting

• Evelyn resource remains open down plunge

• Recent drilling highlighted complex structure

• Multiple mineralised horizons

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Evelyn Deposit Long Section
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Exploration

Sulphur Springs Expansion Drilling

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• Recent RC drilling on West Lens extends high grade zone to west

• SSR002 – 11 metres @ 19.44% Zn in HW Zone

• SSR003 – 7 metres @ 4.83% Cu in Main Zone

• Resource upgraded to 12.8Mt

• Mine design revision in progress

• Potential ore reserve upgrade will be incorporated into Feasibility Study

• Extended mine life

• HW zone is a potential mining target

		Est True
Hole	Width	Width	Cu	Zn	Pb	Ag	Au
ID	(m)	(m)	%	%	%	g/t	g/t	Domain
SSR001	25.0	23.6	0.92	2.72	0.13	14.2	0.04	Main Zone
incl.	8.0	7.7	0.46	7.03	0.37	35.9	0.09	Zinc Domain
and	8.0	7.7	1.69	0.51	0.02	4.5	0.02	Copper Domain
SSR002	11.0	9.6	0.43	19.44	0.27	34.3	0.38	Hanging Wall
	23.0	20.0	1.68	0.22	0.02	2.6	0.01	Main Zone
incl.	7.0	5.4	3.68	0.15	0.04	6.9	0.01	Copper Domain
and	11.0	9.4	1.15	0.30	0.02	1.0	0.01	Stringer Domain
SSR003	11.0	8.6	0.10	4.79	0.30	10.1	0.06	Zinc Domain
	7.0	4.9	4.63	0.05	0.02	1.7	0.01	Copper Domain
SSR004	9.0	8.3	0.76	0.02	0.01	5.1	0.05	Hanging Wall Zone
	2.0	1.8	1.56	0.02	0.01	0.5	0.01	Main Zone
SSR005	7.0	5.5	0.10	2.18	0.09	10.1	0.10	Main Zone
SSR006	6.0	4.7	0.06	2.00	0.14	5.33	0.07	Main Zone

Exploration

– Regional Exploration Panorama

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Kangaroo Caves Deposit - Long Section

 Acquisition of Panorama Exploration JV

• $2.00/t production royalty

• Partial settlement – Kangaroo Caves

 Kangaroo Caves Cu-Zn resource

• 6 kilometres from Sulphur Springs site

• December 2007 drilling hit high grade Cu-Zn at shallow depths

 Further 6 targets identified

 Drilling a priority

Brazil

Gold Exploration in Brazil

A … Developing Story

• CMG Mineração Ltda - 100% owned by Venturex

• Focused on discovery of large gold deposits

• Established exploration team in Cuiabá

• Projects in northern Mato Grosso and Tapajós gold district, Pará

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Brazil

– Tapajós A Major Emerging Gold Region

• Site of major 1980s gold rush

• 16-30 Moz produced by garimpeiros

• Large scale gold systems in magmatic arc settings

• Gold occurs within major NNW trending corridors

• Several large gold discoveries

• Tocantinzinho 2.5Moz

• Cuiu Cuiu 1.3Moz

• All projects have extensive garimperio workings – No modern exploration

Brazil

Serra Verde Gold Project

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• Major NNW trending structural corridor hosting broad zones of hydrothermal alteration

• Outcropping E-W high grade vein systems associated with high level intrusives exposed over 5 kilometre length

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Fofoca Velha,
brecciated altered granite
High Grade Fofoca
Velha Vein +100g/t
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Spider veined granite
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• Tenement transfer and permitting clearance pending

Brazil

Grand Canaã Gold Project

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• Garimpeiro activity has exposed stockwork veining in altered “red” granite

• Anomalous initial trenching results

• Regional geochem sampling located broad scale anomaly in south west corner

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Sampling abandoned garimpeiro pit - 850076
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Brazil

Nova Canaã Gold Project

• Initial drilling at Dona Maria prospect confirms high grade gold mineralisation in splay structures

• Part of a 3 kilometre gold in soil anomaly

• Planning for next drilling program underway

NCD004 mineralisation – 8 metres @ 15.33g/t gold

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Summary

Summary

Australia

 The only emerging copper-zinc developer in Australia

• Large existing resource base ~600,000t CuEQ

 Excellent land position with strong organic growth potential

• Feasibility Study completion imminent

Brazil

• Growing footprint in the emerging Tapajós gold region

• First drilling at Nova Canaã intersected gold mineralisation

• Regional exploration continuing

Michael Mulroney

Managing Director

M: +61 412 443 806

E: michael.mulroney@venturexresources.com

Liza Carpene Company Secretary

T: +61 8 6389 7400

Registered Office Level 2 91 Havelock Street West Perth WA 6005 Australia

T: +61 8 6389 7400 F: +61 8 9463 7836

E: liza.carpene@venturexresources.com

Tony Dawe

Professional Public Relations T: +61 8 9388 0944

admin@venturexresources.com www.venturexresources.com

ASX Code: VXR

E: tony.dawe@ppr.com.au

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