DEVELOP GLOBAL LIMITED — Investor Presentation 2010

Dec 6, 2010

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20:20 INVESTOR SERIES
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An Emerging Copper, Zinc and Gold Company
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Building value through…

 Base Metals:

 Completed acquisition of Whim Creek  Established higher grade resource & reserve

 Completed Scoping Study

 Gold:

• Acquired new gold project in Brazil

• Identified high grade drilling targets

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Corporate Information
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Share Price 3/12/10	$0.09
Market Capital	$58.9m
Issued Capital	No.
Ordinary Shares	655.0m
U/Opts 4/11 ex 20¢	1.46m
U/Opts 1/12 ex 10¢	21.00m
U/Opts 1/12 ex 9.5¢	42.10m
U/Opts 12/12 ex 15¢	12.00m
U/Opts 11/13 ex 15¢	8.00m

Regent Pacific Straits Resources Directors & Mgt Argonaut Others

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Board & Management
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Tony Kiernan, LLB Chairman

• Solicitor with 35 years experience in management and operation of listed public companies

• Chairman of BC Iron and Uranium Equities

• Director of Liontown Resources and Chalice Gold Mines

Dr Allan Trench, BSc, PhD, MSc, MBA Non-Executive Director

• Geologist/geophysicist with 20 years experience in the resources sector

• Extensive business consulting experience

• Chairman of Navigator Resources, and Director of Pioneer Resources, Acadian Mining and Hot Chili

Mr Michael Mulroney, BSc Non-Executive Director

• Geologist with over 28 years experience in the natural resources and finance sectors

• Extensive M&A and finance exposure

• Executive Director of Argonaut Capital and Head of Funds Management with Argonaut

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Dr Tim Sugden, BSc, PhD Managing Director

• 23 years experience in resources industry including operations General Manager for Normandy & Newmont

• Co-founder and Director of Agincourt Resources and Nova Energy

• Chairman of Newland Resources

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Mr Anthony Reilly, BEc(UWA) Executive Director

• Extensive international experience in financial markets, risk management and corporate finance

• Senior Manager for Westpac in UK

• Founding Director of CMG Mineração

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Ms Liza Carpene, MBA, ACIS Company Secretary

• Over 15 years experience in corporate administration, HR, IT and community relations with Normandy, Newmont, Agincourt and Oxiana

• Extensive operational management roles in Australia and Indonesia

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Pilbara VMS Project
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 Venturex controls a significant VMS District (50x20km)

 Higher grade resource & reserve defined

 Scoping study completed

• Robust economics

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Resources & Reserves
Grade increases since acquisition of Whim Creek
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Mineral Resources Grade Up 56%

	Tonnes	Cu Eq %	Cu %	Zn %	Pb %	Ag g/t	Au g/t
Measured	1,274,000	2.6	1.5	1.7	0.8	41	0.3
Indicated	5,989,000	2.2	1.1	2.4	0.7	24	0.2
Inferred	367,000	2.3	1.7	1.1	0.2	14	0.3
TOTAL	7,630,000	2.2	1.2	2.2	0.7	26	0.2

72% metal into reserves

Ore Reserve Grade Up 27%

	Tonnes	Cu Eq %	Cu %	Zn %	Pb %	Ag g/t	Au g/t
Probable	4,460,000	2.7	1.4	2.8	0.9	35	0.3

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Copper Dominant Resource Base
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Pie size represents contained metal in Mineral Resources expressed as copper equivalent

Salt Creek 1.0mt @ 4.9% Cu EQ Open at depth

Whim Creek 1.03mt @ 1.9% Cu EQ

Au Ag

Mons Cupri 4.94mt @ 1.6% Cu EQ High grade core

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Liberty-Indee 0.66Mt @ 3.5% Cu EQ

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Mons Cupri: Low Strip Ratio
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Total Resource
4.94mt @ 1.6% Cu Eq
Probable Reserve
2.81mt @ 2.1% Cu Eq2.77mt @ 2.2% Cu
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Whim Creek: Pre-Stripped
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Oxide Pit Sulphide exposed on pit floor

Sulphide Zone

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High Grade VMS System at Salt Creek
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JORC Resource: 1.0 million tonnes@ 4.9% Cu Eq

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Initial JORC Resource – 0.66mt @ 3.5% Cu Eq

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Simple Mineralogy:
>90% Recovery to High Grade Cu Concentrates
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MCD001 – 18m @ 5.0% Cu & 3.4g/t Au

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Proposed Processing Flowsheet
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 Extensive metallurgical testwork completed

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Crusher already installed
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• Targeting 600,000tpa

• Cu average recovery: 92% to 22-27% Cu concentrate

• Zn recovery range: 85% to 55% Zn concentrate

• Pb recovery range: 80% to 45% Pb-Zn-Ag concentrate

• Various Ag/Au recoveries

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 Circuit design likely to incorporate two-stage flotation/batch treatment
Copper – Zinc Zinc-Lead
Circuit Circuit
Copper & Zinc Zinc & Lead
Concentrates Concentrates
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• Circuit design likely to incorporate two-stage flotation/batch treatment

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Whim Creek Infrastructure
Provide capital cost saving of
120km to Port Hedland
approximately 50%
Grid Power
Salt Creek
Roads
Proposed
Mill Location
Accommodation
Crusher
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Scoping Study Results
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Independent Study by Snowden Mining Industry Consultantst

• Initial mining inventory 4.5 million tonnes @ 2.7% Cu Eq

• Initial mine life 8-9 years

• Mill capacity 600,000tpa

• Annual production up to13,000t Cu Eq

 Pre-production capital costs ~$95.8 million

• Base case financials:

 C1 cost US$0.45/lb Cu  Annual operating cash flow >$40m  Life of mine EBIT $282m  Net present value $101m

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• Internal rate of return 28%

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Timeline to Production
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		2010	2010	2010	2010	2011	2011	2011	2011	2012	2012	2012	2012
		Year 1				Year 2				Year 3
	ACTIVITY	Jun	Sep		Dec	Mar	Jun	Sep	Dec	Mar	Jun	Sep	Dec
ary	Resource Definition Drilling JORC Resource Estimation ScopingStudy
imin
Prel
y	Metallurgical Testwork Process design Pit/UG Design Environmental Approvals Additional Lease Applications Board Approval
tud
ty S
ibili
eas
F
tion	Final Circuit Design Key Contracts Construction Commission
ruc
nst
Co
	Mons Cupri Pre-strip Mons Cupri Production Whim Creek Production Liberty Indee Production Salt Creek Development Salt Creek Production
on
cti
odu
Pr

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Project Upsides
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High Grade Salt Creek Zn-Pb-Ag Ore: Potential as Direct Shipping Ore to ISP Smelters

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SCD5:

3.45 m @ 49.2% Zn, 7.1% Pb, 327g/t Ag & 4.1g/t Au

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Resource Growth Through Exploration
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• Globally, fields of similar size contain 8- 19 deposits

• Only 5 discoveries so far

• 36 km of VMS horizon to be explored

• Numerous gossans and VTEM anomalies yet to be evaluated

• Very limited drilling below150m

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Immediate exploration target

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Exploration Targets Around Mons Cupri
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Salt Creek Exploration Targets Along Strike
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1 M tonnes @ 4.9% Cu Eq

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12km VMS Horizon at Liberty-Indee
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Gossan @
40% copper
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Ongoing Copper Cathode Production
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To recommence in second half of 2010/11 (1,000-2,000t Cu per annum)

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Whim Creek Cu Heap Leach
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Small-scale SX-EW under development by WASCO; VXR to receive 50% of profit 22

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Emerging Value as a Cu-Zn Producer
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Undervalued near-term Cu-Zn production…

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Gold Exploration in Brazil
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Focused on Mato Grosso and Para

• Wholly owned subsidiary CMG Mineração Ltda

• Established exploration team in Cuiabá

• Evaluating advanced projects in Mato Grosso

 Recently acquired Serra Verde Project in Tapajós gold district

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Jatoba Gold Project, Mato Grosso
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High grade quartz vein target

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Rio Pombo, Mato Grosso, Brazil
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Trenching Activities May 2010

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 Large soil anomaly (up to 2.46 g/t Au)

 Rock chips up to 170 g/t Au

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 Trenching program underway to identify primary structures 26

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Trenching
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Samples on shear
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Panned gold
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Serra Verde Project, Tapajós Region, Brazil
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Serra Verde Project, Tapajós Region, Brazil
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Multiple high grade veins over many kilometres

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A Compelling Investment Opportunity…
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Undervalued near-term Cu-Zn production…

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And a free option on Brazilian gold discoveries…

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$140,000,000
$120,000,000
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
$0
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Contact Details
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Registered Office Share Registry Suite 3, Level 1 Advanced Share Registry Limited 127 Cambridge Street 150 Stirling Highway West Leederville WA 6007 Nedlands WA 6009

Postal Address PO Box 1444 West Leederville WA 6901

Postal Address PO Box 1156 Nedlands WA 6909

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

E: admin@venturexresources.com W: www.venturexresources.com

T: +61 8 9389 8033 F: +61 8 9389 7871 E: admin@advancedshare.com.au

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Resources & Reserves
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Statement as at 25 November 2010

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Notes, Competency Statements & Disclaimer
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Notes: The metal contents in some rock samples in this presentation were determined by a handheld Niton® XL3t 700 X ‐ ray Fluorescence quantitative micro ‐ analyser, operating in “mining mode”. The analysis window on the Niton® instrument has a diameter of 8mm; generally larger than the grain size of the ore minerals. Whilst Venturex believes that these readings are reliable indications of metal grade (and supported by semi-quantitative visual estimates of ore minerals), they are not formal assays and will not be used in estimation of ore resources.

CuEq: Cu% + Zn% x 0.255 + Pb% x 0.24 + Ag(ppm) x 0.008 + Au(ppm) x 0.5

Competency Statements: The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves at Whim Creek, Mons Cupri, Salt Creek, Liberty-Indee and Brazil is based on information compiled by Dr Tim Sugden BSc, PhD, and Mr Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. Dr Sugden 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”. Dr Sugden and Mr Wood consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Disclaimer: This presentation is not a prospectus nor an offer of securities for subscription or sale in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Venturex Resources Limited and consult with their own legal, tax, business and/or financial advisers in connection with any acquisition of securities. The information contained in this presentation has been prepared in good faith by Venturex Resources Limited. However, no representation or warranty, express or implied, is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Venturex Resources Limited, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use of, or reliance on, anything contained in or omitted from this presentation. Certain information in this presentation refers to the intentions of Venturex Resources Limited, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Venturex’s actual results, performance or achievements to differ from those referred to in this presentation will actually occur as contemplated. The presentation contains only a synopsis of more detailed information published in relation to the matters described in this document and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of such information and to do so could potentially expose you to a significant risk of losing all of the property invested by you or incurring by you of additional liability. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described in this document. In particular any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and you should satisfy yourself in relation to such matters.

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