DEVELOP GLOBAL LIMITED — Capital/Financing Update 2015

Jul 26, 2015

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----- Start of picture text ----- ASX AnnouncementASX Code: VXRReleased: 27 July 2015For further detailsJohn NitschkeNon-executive DirectorT: +61 8 6389 7400john.nitschke@venturexresources.comBoardTony KiernanChairmanJohn NitschkeNon-Executive DirectorAnthony ReillyNon-Executive DirectorDarren StralowNon-Executive DirectorTrevor HartCompany SecretaryContact DetailsRegistered OfficeLevel 291 Havelock StreetWest Perth WA 6005T: +61 8 6389 7400F: +61 8 9463 7836admin@venturexresources.comwww.venturexresources.comABN: 28 122 180 205----- End of picture text -----

NET PROFIT INTEREST PAYMENT TO FUND OPTIMISATION STUDY

• Net Profit Interest payment of $263,000 is payable for June 2015 Quarter

• Copper production at Whim Creek stabilised

• Optimisation work on Pilbara Copper Zinc Project being finalised

Venturex Resources Limited (ASX: VXR) (Venturex) is pleased to announce that it is due a Net Profit Interest payment of $263,000 from Blackrock Metals Pty Ltd (“Blackrock”) for the quarter ending 30 June 2015, pursuant to the agreement with Blackrock announced on 5 March 2014.

There was no Net Profit Interest payment during the March quarter due to a production interruption caused by failure of the rectifier for the Electrowinning Plant. A new rectifier was sourced and the facility has operated at nameplate capacity for most of the June 2015 Quarter.

	31 Mar	30	30	31	31	30June2014(qtr)
	2014Qtr	June	Sept	Dec	Mar
		2014	2014	2014	2015
		(ytd)	(qtr)	(qtr)	(qtr)
Tonnes produced	80	80	140	370	170	395

Table 1 – Copper Cathode Production

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Figure 1 – Copper cathode at Whim Creek site

Venturex Interim CEO and Non-executive Director John Nitschke said: “This agreement with an experienced heap leach operator in Blackrock Metals is now providing significant cash flow for Venturex. We are working with Blackrock on assessing options to extend the life of the remnant leaching operation beyond its current term of February 2017.

The funds provided by the Net Profit Interest will allow us to analyse more fully some opportunities that have been identified to optimise the economics of the Company’s Pilbara Copper Zinc Project ”.

The opportunities for improvement identified since the Feasibility Study was completed in late 2012 include reducing implementation costs by deferring initial mine development, using conventional tailings disposal and rationalisation of the project infrastructure together with bringing forward production of higher grade ore. Costs will also be updated to reflect current market conditions.

Mr. Nitschke will continue on as Interim CEO until this optimisation exercise is complete in the last quarter of 2015.

This work is being advanced as the outlook for continued global growth in both copper and zinc consumption continues to strengthen which, together with the lower Australian dollar exchange rate, provides a strong outlook for the Project.

JOHN NITSCHKE Interim CEO

For further information, please contact:

John Nitschke / Trevor Hart -- Venturex Resources Limited on +61 8 6389 7400

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with a significant portfolio of base metal projects in the Western Pilbara. Venturex owns or controls significant resources of copper, zinc, lead, silver and gold at Sulphur Springs, Kangaroo Caves, Whim Creek, Mons Cupri, Salt Creek and Liberty‐Indee. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing a centralised processing hub at Sulphur Springs.

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