DEVELOP GLOBAL LIMITED — Interim / Quarterly Report 2009

Jan 29, 2009

Appendix 5B Mining Exploration Entity Quarterly Report

Rule 5.3

Appendix 5B – 2nd Quarter 2009

Mining Exploration Entity Quarterly Report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of Entity:

Venturex Resources Limited (formerly Jutt Holdings Limited)

ABN:

28 122 180 205

Quarter Ended ('Current Quarter')

31 December 2008

Consolidated Statement of Cash Flows

		Current Quarter $A’000	Year to Date $A’000
1.1 1.2 1.3 1.4 1.5 1.6 1.7	Cash Flows Related to Operating Activities Receipts from product sales and related debtors Payments for:(a) exploration and evaluation (b) development (c) production (d) administration (e) contract services Dividends received Interest and other items of a similar nature received Interest and other costs of finance paid Income taxes paid Other(provide detailsif material)	- (171) - - (182) (49) - 1 - - -	- (994) - - (457) (134) - 12 - - 15
	Net Operating Cash Flows	(401)	(1,558)
	Cash Flows Related to Investing Activities		- - - (4) -
1.8	Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets (d) physical non-current assets (e) other non-current assets	- - - - -

• Venturex Resources Limited has two controlled entities incorporated in Australia, Jutt Resources Pty Ltd and Juranium Pty Ltd. The Consolidated Statement of Cash Flows covers Venturex Resources Limited and its controlled entities.

• See chapter 19 for defined terms.

Appendix 5B Page 1 of 6

Appendix 5B Mining Exploration Entity Quarterly Report

			Current Quarter $A’000	Year to Date $A’000
	Cash Flows Related to Investing Activities
1.9 1.10 1.11 1.12	Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets (d) physical non-current assets (e) other non-current assets Loans to other entities Loans repaid by other entities Other		- - - - - - - -	- - - - - - - -
	Net Investing Cash Flows		-	(4)
1.13	Total Operating and Investing Cash Flows		(401)	(1,562)
1.14 1.15 1.16 1.17 1.18 1.19		Cash Flows Related to Financing Activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings (converting loan) Repayment of borrowings Dividends paid Refund of share application fund and capital raising cost	2 - 500 - - (30)	386 - 500 - - (30)
		Net Financing Cash Flows	472	856
1.20 1.21		Net Increase / (Decrease) in Cash Held Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	71 115 -	(706) 892 -
1.22		Cash at End of Quarter	186	186

Payments to Directors of the Entity and Associates of the Directors

Payments to Related Entities of the Entity and Associates of the Related Entities

1.23 1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 Explanation necessaryforanunderstanding ofthe transactions	Current Quarter $A'000
		50
		-
	Item 1.23 include aggregate salaries, directors’ fees, corporate advisory & consulting fees at normal commercial rates

• See chapter 19 for defined terms.

Appendix 5B Page 2 of 6

Appendix 5B Mining Exploration Entity Quarterly Report

Non-Cash Financing and Investing Activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Financing Facilities Available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount Available $A’000	Amount Used $A’000
	-	-
	-	-

Estimated Cash Outflows for Next Quarter

4.1 Exploration and evaluation 4.2 Development	$A’000
	40
	-
Total:

Reconciliation of Cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current Quarter $A’000	Previous Quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other	20	64
	166	51
	-	-
	-	-
Total: Cash at End of Quarter(item 1.22)	186	115

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

Changes in Interests in Mining Tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement Reference	Nature of Interest (note 2)	Interest at Beginning of **Quarter **	Interest at End of Quarter
	E47/076	Agreement entered into to revert 20% exercise of option	Option to earn additional 20% to 90%	70%
	E47/1209	Agreement entered into to revert 20% exercise of option	Option to earn additional 20% to 90%	70%

Issued and Quoted Securities at End of Current Quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total Number	Number Quoted	Issue Price Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)
7.1 Preference+Securities (Description)	-	-
7.2 Changes During Quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs,redemptions
7.3 +Ordinary Securities	69,037,064	57,973,247
7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

	Total Number	Number Quoted		Issue Price Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)	Amount Paid Up Per Security (cents) (seenote 3)
7.5 +Convertible debt securities(Description)
7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (Description and Conversion Factor) JUTAD JUTO JUTAC JUTAB JUTOA JUTAK	1,500,000 38,634,237 650,000 1,457,148 18,280,099 1,500,000	- 38,634,237 - - 18,280,099 -		Exercise Price 25 cents 20 cents 20 cents 20 cents 10 cents 15 cents	Expiry Date 30 Jun 2009 31 July 2009 30 Nov 2010 22 April 2011 15 June 2009 28 May 2011
7.8 Issued during quarter
7.9 Exercised during quarter
7.10 Expired during quarter JUTAM	300,000			Exercise Price 30 cents		Expiry Date 10 Oct 2008
7.11 Debentures (totals only)
7.12 Unsecured notes (totals only)

Compliance Statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.

Sign Here: ____ Company Secretary

Date: 30 January 2009

Print Name: Liza Carpene

• See chapter 19 for defined terms.

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Appendix 5B Mining Exploration Entity Quarterly Report

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.

Appendix 5B Page 6 of 6