DEVELOP GLOBAL LIMITED — AGM Information 2014

Nov 27, 2014

Annual General Meeting Presentation

November 2014

==> picture [721 x 136] intentionally omitted <==

==> picture [721 x 136] intentionally omitted <==

Disclaimer

Forward Looking Statements

The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”). This presentation is being used as a presenter’s aid with summarised information. See Venturex’s other and periodic disclosure announcements lodges with the Australian Securities Exchange, which are available at www.asx.com.au or at www.venturexresources.com, for more information.

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.

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. Venturex assumes no obligation for to update such information.

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. Please undertake your own evaluation of the information in this presentation and consult your professional advisers if you wish to buy or sell Venturex shares.

Competency Statement

The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by Michael Mulroney and Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. The information was previously issued with the written consent of Mr Mulroney and Mr Wood, who are full time employees of Venturex Resources Limited, in the Company Resource and Ore Reserve Statement released to the ASX on 8 October 2013. The Company confirms that:

• a. The form and context of Mr Mulroney’s and Mr Wood’s finds are presented have not been materially modified;

• b. It is not aware of any new information or data that materially affects the information included in the 8 October 2013 announcement and that all material assumptions and technical parameters underpinning the estimate in the 8 October 2013 announcement continue to apply and have not materially changed; and

• c. It is uncertain that following further exploration and evaluation that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC 2012 Code.

Investment Overview

• Pure Australian Copper-Zinc Explorer/Developer

• Central Location in the Pilbara

• Substantial Cu-Zn resource inventory in place

• Advanced Project with development options

• Strong leverage to rising base metal prices - Cu, Zn

• Substantial exploration upside in proven terrains

==> picture [721 x 136] intentionally omitted <==

Corporate Snapshot

Shareholders

Regent Pacific	33.5%
Northern Star Resources	12.9%
Henghou Industries	7.4%
Board & Management	1.2%
Top 20	78.5%

Ex erienced Board p

Tony Kiernan Non-Executive Chairman Michael Mulroney Managing Director Ray Parry Non-Executive Director John Nitschke Non-Executive Director Trevor Hart CFO/Company Secretary

Ca ital Structure p

==> picture [311 x 394] intentionally omitted <==

----- Start of picture text -----

Shares on Issue (ASX:VXR) 1,548m
Unlisted Options 36.0m
Debt Nil
Cash $2.1m
$0.012
14
$0.010
12
10 $0.008
8
$0.006
6
$0.004
4
$0.002
2
0 $0.000
----- End of picture text -----

==> picture [102 x 8] intentionally omitted <==

----- Start of picture text -----

Note: As at 30 September 2014
----- End of picture text -----

Central Location near Infrastructure

==> picture [721 x 136] intentionally omitted <==

==> picture [721 x 136] intentionally omitted <==

==> picture [721 x 136] intentionally omitted <==

Large Resource Inventory ~ 590,000t CuEq[1]

26.4 Mt grading 1.2%Cu 3.4%Zn 0.3%Pb 18.4 g/t Ag

==> picture [721 x 379] intentionally omitted <==

----- Start of picture text -----

Salt
Creek
Mons
Cupri
Evelyn
Kangaroo
Caves
1 CuEq is based on Cu US$3.00/lb, Zn US$1.00/lb, Pb US$1.00/lb, � Copper � Lead � Zinc � Silver � Gold
----- End of picture text -----

• 1 CuEq is based on Cu US$3.00/lb, Zn US$1.00/lb, Pb US$1.00/lb, Ag US$20/oz, Au $1,300/oz plus metallurgical recovery factors

• 2 Circle size reflects tonnes of contained Cu Eq metal

US$ Average Copper Price US$ Average Zinc Price

==> picture [30 x 131] intentionally omitted <==

----- Start of picture text -----

$9,000
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
----- End of picture text -----

==> picture [256 x 131] intentionally omitted <==

==> picture [30 x 130] intentionally omitted <==

----- Start of picture text -----

$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
----- End of picture text -----

==> picture [252 x 114] intentionally omitted <==

==> picture [336 x 180] intentionally omitted <==

----- Start of picture text -----

'000t Refined Copper Supply/Demand US$/t
300 vs LME Cash Price $8,500
200
$8,000
100
0 $7,500
-100
-200 $7,000
-300
$6,500
-400
-500 $6,000
2012 2013 2014f 2015f 2016f 2017f 2018f 2019f
Refined Balance LME Cash Price
----- End of picture text -----

==> picture [330 x 175] intentionally omitted <==

----- Start of picture text -----

Zinc Capacity Closures
'000t
600
500
400
300
200
100
0
2014 2015f 2016f 2017f 2018f
Forecast Zinc Mine Closures
----- End of picture text -----

� Global supply to move into deficit by 2017

� Supply tightening - price pressure building

Source – LME, Goldman Sachs, UBS, Macquarie

Sulphur Springs Project

==> picture [347 x 185] intentionally omitted <==

• 155 km from Port Hedland

• Proposed production centre, access via Abydos Haul Road

• Large Mineral Resource ~445,000t CuEq[1] (Sulphur Springs, Kangaroo Caves)

• Excellent potential for new discoveries

• Control over 25 km of prospective strike

• Existing deposits are remain open

• Multiple regional targets

• 1 CuEq is based on Cu US$3.00/lb, Zn US$1.00/lb, Pb US$1.00/lb, Ag US$20/oz, Au $1,300/oz plus metallurgical recovery factors

Development Update

• Feasibility Study completed December 2012

• Key Permitting milestones achieved 2014

• Haul Road commissioned, access existing logistics infrastructure

• 1mtpa operation design

• Forecast payable metal production - 16,000tpa copper, 30,000tpa zinc, 0.2Mozs silver

• 8.5yr mine life plus upside from additional resources

• Plant and infrastructure design review

• Opex is competitive

• Capex - targeting 25%reduction

Sulphur Springs

• Large VMS[1] system with two significant deposits discovered to date

• Sulphur Springs – Large massive sulphide body, systems depth potential untested

• Kangaroo Caves – Growing resource open in several directions, key drilling target

==> picture [721 x 339] intentionally omitted <==

----- Start of picture text -----

||||||||
|---|---|---|---|---|---|---|
|Sulphur Springs Resource Outline|
|Mt|Cu%|Zn%|Pb%|Ag g/t|Au g/t|
|Combined Sulphur Springs Region|
|Sulphur Springs|12.8|1.5|4.1|0.2|17.6|0.1|
|Kangaroo Caves|6.3|0.5|3.3|12.1|
|Total|19.1|1.2|3.8|0.1|15.8|0.05|

----- End of picture text -----

1 VMS = Volcanogenic Massive Sulphide

Sulphur Springs - Regional Targets

• Excellent potential for further discoveries

• Using technology – deposits are blind to most geophysical methods

• Regional exploration has located multiple Zn-Cu anomalies

• Breakers - Widespread zinc anomalism

• BKP001 - 25m @ 3.8% Zn, BKD002 - 8.8m @ 3.2% Zn

• � Man O’War - Broad 2.5 km Zn-Cu anomaly

• MOD004 - 3.9m @ 1.4% Pb 3.6% Zn 44g/t Ag

• MOD008 - 23m @ 0.6% Zn, MOD005 - 17m @ 0.3% Cu

• Anomaly 45 – Outcropping discharge zone with alteration “fingerprint”

• Jamesons – Significant zinc intersections

• JMC004 - 6m @ 3.2% Zn

• JMD1 - 3m @ 8.0% Zn and 4m @ 3.1% Zn

• Midway – Large spectral anomaly

Whim Creek Project

• 120km from Port Hedland

• Historic copper production from 1893

• Substantial Zn-Cu-Pb resource (~130,000t CuEq[1] ) in three deposits

• Whim Creek, Mons Cupri, Salt Creek

• Consolidated tenure with 25 km of strike across two areas

• Regional review generating new targets with limited or no drilling

• Salt Creek- Balla Balla is immediate focus to expand resources

==> picture [355 x 205] intentionally omitted <==

• 15% net profit interest in tribute copper

~~proces~~	~~sing o~~ Mt	~~perati~~ Cu%	~~on~~ Zn%	Pb%	Ag g/t	Au g/t
Combined Whim Creek Region
Whim Creek	1.0	2.1	1.1	0.2	10.3	0.08
Mons Cupri	4.6	0.9	1.3	0.5	24.1	0.14
Salt Creek	1.0	2.0	7.0	2.1	52.0	0.29
Total	6.6	1.3	2.1	0.7	26.3	0.15

1 CuEq is based on Cu US$3.00/lb, Zn US$1.00/lb, Pb US$1.00/lb, Ag US$20/oz, Au $1,300/oz plus metallurgical recovery factors

Whim Creek Deposits

==> picture [721 x 231] intentionally omitted <==

----- Start of picture text -----

Whim Creek Project
----- End of picture text -----

Whim Creek

• High grade Cu-Zn deposit exposed in the existing open pit

• Well defined, fault bounded setting

Mons Cupri

• A large VMS system!!

• Potential for both pits to merge – open drill intersections in gap area

• Some potential for extensions – Rushalls prospect

• Alteration and Zn sulphide fragments recorded up to further 1 km down dip

• “Mons Cupri equivalent” position untested at depth

Salt Creek

==> picture [721 x 136] intentionally omitted <==

• Central prospective area lightly explored

• Salt Creek deposit – new offset ASD anomaly strengthening with depth

• Balla Balla trend - new ASD anomalies and untested EM targets defined

• Compilation study has defined untested base metal anomalies in ACL area

==> picture [309 x 189] intentionally omitted <==

• Next drilling awaiting statutory approvals

Liberty Indee Joint Venture (VXR 70%)

==> picture [721 x 136] intentionally omitted <==

		Mt Cu% Zn%		Pb%		Ag g/t		Au g/t
		Liberty Indee Joint Venture (VXR 70%)
		Evelyn 0.66 1.8 3.7		0.3		35.9		0.8
		�Evelyn discovery – open at
		depth with adjacent EM
		anomalies
		�Future targets - Donkey Well
		d Qb N		h

• Future targets - Donkey Well and Quarmby North prospects

The Future

• Venturex provides rare copper and zinc exposure on the ASX

• Substantial resource portfolio provides excellent leverage to future base metal price increases

• Well located - close proximity to established infrastructure and logistics chain

• Progressing development strategy

• Targeting 25% capex reduction

• Development options under consideration

• Growth from prospective exploration holdings, high discovery potential

• Exploration drilling pending, awaiting final approvals

Michael Mulroney

Managing Director e: michael.mulroney@venturexresources.com

Trevor Hart

Registered Office

Level 2

91 Havelock Street West Perth WA 6005 Australia

Company Secretary/CFO

e: trevor.hart@venturexresources.com

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

Tony Dawe

Professional Public Relations admin@venturexresources.com T: +61 8 9388 0944 www.venturexresources.com e: tony.dawe@ppr.com.au

ASX Code: VXR

==> picture [721 x 136] intentionally omitted <==

Appendix - Mineral Resource Summary

Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region	Mt Cu% Zn% Pb% Ag g/t Au g/t Combined Sulphur Springs Region
		Mt	Cu%	Zn%	Pb%	Ag g/t	Au g/t
	Combined Sulphur Springs Region
	Indicated	12.6	1.5	4.7	0.2	19.5	0.05
	Inferred	6.5	0.6	2.1	0.1	8.6	0.03
	Total	19.1	1.2	3.8	0.1	15.8	0.05
	Combined Whim Creek Region
	Measured	1.3	1.5	1.7	0.8	41.1	0.28
	Indicated	5.1	1.2	2.3	0.7	23.3	0.13
	Inferred	0.2	2.6	0.3	0.1	4.1	0.03
	Total	6.6	1.3	2.1	0.7	26.3	0.15
	Liberty Indee Joint Venture (70%)
	Indicated	0.45	2.2	4.5	0.4	42.0	0.9
Inferred 0.20 1.0 1.8 0.2 22.4 0.4 Total 0.7 1.8 3.7 0.3 35.9 0.8 TOTAL 26.4 1.2 3.4 0.3 18.9 0.1
	Inferred	0.20	1.0	1.8	0.2	22.4	0.4
	Total	0.7	1.8	3.7	0.3	35.9	0.8
	TOTAL	26.4	1.2	3.4	0.3	18.9	0.1