DEVELOP GLOBAL LIMITED — Investor Presentation 2010

Sep 20, 2010

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ANALYSTS’ SITE VISIT
PILBARA VMS PROJECT
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Highlights
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An Emerging Base Metals and Gold Company

• Fast-track exploration and development of VMS Deposits in the Pilbara:

• Established resources (~180,000t Cu Eq) & reserves

• Control of large VMS District - significant exploration potential

• Scoping study underway

• Excellent infrastructure in heart of the Pilbara

• Low cost capital development

 Sufficient funding to complete feasibility study plus cash flow from SX-EW copper oxide operation  Blue sky gold discovery potential in Brazil

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Corporate Information
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Share Price 17/9/10	$0.08
Market Capital	$52.4m
Issued Capital	No.
Ordinary Shares	655.0m
U/Opts 11/10 ex 20¢	0.65m
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

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)

• Current JORC resources of ~180,000t Cu Eq

• Revised resources and reserves being defined

• Scoping study targeting ~15,000tpa Cu Eq operation

• Potential to be central processing hub for Pilbara VMS deposits

• Substantial infrastructure in place

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Whim Creek VMS District
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Great Potential for New Discoveries

• Five significant VMS deposits are known (all outcropping)

• VMS Districts of similar scale typically contain 8-19 economic deposits

• Approximately 36 km of VMS horizon to be explored

• Numerous gossans yet to be evaluated

• Very limited drilling below depth of 150 metres

• Highly likely that further discoveries will be made

 Initial targets include:

 Mons Cupri Northwest  Mons Cupri – Southwest Corridor (Inc. May’s Find)  Whim Creek Trough  Salt Creek – Balla Balla Trend  Liberty-Indee

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Current Resources
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Pie size represents contained metal expressed as copper equivalent

Salt Creek Whim Creek 1.83mt @ 3.3% Cu EQ Roads 1.29mt @ 1.4% Cu EQ Open at depth Au Ag

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

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Liberty-Indee 0.66Mt @ 4.1% Cu EQ

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Resources & Reserves
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	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S O U R C E S	R E S E R V E S	R E S E R V E S	R E S E R V E S	R E S E R V E S	R E S E R V E S	R E S E R V E S	R E S E R V E S	R E S E R V E S
Location	JORC Classification	Tonnes x 1,000	Cu wt%	Zn wt%	Pb wt%	Ag g/t	Au g/t	CuEq wt %	JORC Classification	Tonnes x 1,000	Cu wt%	Zn wt%	Pb wt%	Ag g/t	Au g/t	CuEq wt %
Whim Creek	Measured	572	1.4	0.5	0.2	4.8	0.07	1.6	Proved	410	1.6	0.5	0.1	1.9	0.0	1.8
	Indicated	585	0.8	0.4	0.1	4.2	0.04	1.0	Probable	170	1.4	0.4	0.1	1.6	0.0	1.6
	Inferred	131	0.2	2.3	0.4	10.2	0.30	1.1
	Sub-total	1,288	1.0	0.6	0.2	5.1	0.08	1.3	Sub-total	580	1.5	0.5	0.1	1.8	0.0	1.7
Mons Cupri	Measured	1,274	1.5	1.7	0.8	41.0	0.28	2.6
	Indicated	3,617	0.7	1.1	0.4	17.0	0.08	1.3	Probable	2,775	1.1	1.8	0.8	32.1	0.2	2.2
	Inferred	53	0.7	0.6	0.2	8.8	0.02	0.9
	Sub-total	4,944	0.9	1.2	0.5	23.1	0.13	1.6	Sub-total	2,775	1.1	1.8	0.8	32.1	0.2	2.2
Salt Creek	Indicated	1,705	1.5	3.6	1.1	42.3	0.20	3.3	Probable	1,400	1.3	3.5	1.0	34.0	0.2	2.9
	Inferred	127	0.1	6.5	2.6	66.6	0.19	3.2
	Sub-total	1,833	1.4	3.8	1.2	44.0	0.20	3.3	Sub-total	1,400	1.3	3.5	1.0	34.0	0.2	2.9
Liberty- Indee	Indicated	453	2.2	4.5	0.4	42.0	0.92	4.4	Probable	Conversion to Reserve Pending
	Inferred	204	1.0	1.8	0.2	22.4	0.44	2.0
	Sub-total	657	1.8	3.7	0.3	35.9	0.77	3.6	Sub-total
All Locations	Measured	1,846	1.4	1.3	0.6	29.8	0.21	2.3	Proved	410	1.6	0.5	0.1	1.9	0.0	1.8
	Indicated	6,361	1.0	2.0	0.6	24.4	0.17	2.0	Probable	4,360	1.2	2.3	0.8	31.5	0.2	2.4
	Inferred	515	0.5	3.0	0.8	28.8	0.30	2.0
	Total Sulphide Resources	8,722	1.1	1.9	0.6	25.8	0.19	2.1	Total Sulphide Reserves	4,755	1.2	2.1	0.7	28.9	0.2	2.4

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Whim Creek: Revised resource & open pit reserve pending Mons Cupri: Revision completed (67% jump in open pit reserves) Salt Creek: Revision pending – targeting high grade Zn-Pb-Ag lenses 8 Liberty-Indee: Open pit optimisation pending

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Mons Cupri Resource Model
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High grade copper zone

High grade Zn-Pbcap

Copper stringer zone

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Simple Mineralogy at Mons Cupri
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MCR01 – 18m @ 5.0% Cu & 3.4g/t Au

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Mons Cupri Reserves: Increased by 67%
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• Total Resource

• 4.94mt @ 1.6% Cu Eq Probable Reserve

• 2.77mt @ 2.2% Cu

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Exploration Targets around Mons Cupri
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Whim Creek Proposed Cut-Back
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Resource – Reserve Upgrade Pending

Oxide Pit

Sulphide exposed on pit floor

Sulphide Zone

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Whim Creek Area Exploration Targets
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High Grade VMS System at Salt Creek
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– JORC Resource: 1.83mt @ 3.3% Cu Eq Upgrade pending

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Salt Creek Recent Drilling
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Potential as DSO 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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Initial JORC Resource – 0.66mt @ 3.6% Cu Eq

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Evelyn Metallurgical Test Core
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– Massive Sulphide average density of 4.5g/cm[3 ] (May 2010)

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12km VMS Horizon at Liberty-Indee
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Gossan @
40% copper
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Development Status
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 Scoping Study Underway; key points:

 Open pit mining at Mons Cupri, Whim Creek & Evelyn yrs 1-5  High grade underground ore from Salt Creek in yrs 5-8  Targeting production rate of 600-700ktpa @ >2.0% Cu Eq  Standard VMS metallurgy  Advanced circuit designs established  Most mining leases and environmental licences granted  Substantial infrastructure in place  Final feasibility decision in 2nd quarter of 2010-2011  Development decision likely before 4th quarter 2010-2011  Production possible by mid-2012

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Conceptual Production Plan
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700,000
Evelyn Salt
600,000
o/c SaltCreek Zn-Pb Creek
WhimCreeko/c u/g Cu
500,000 u/g
400,000
Mons Cupri
LGo/c
300,000
200,000 Mons Cuprio/c
100,000
-
1 2 3 4 5 6 7 8 9
Years 1-8
Tonnes per annum
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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: ~90% to 22-27% Cu concentrate

• Zn recovery range: 75-80% to 50-55% Zn concentrate

• Pb recovery range: 65-80% to 40-50% Pb concentrate

• Various Ag/Au recoveries

• Circuit design likely to incorporate two-stage flotation/batch treatment

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Copper – Zinc Zinc-Lead
Circuit Circuit
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Copper & Zinc Zinc & Lead
Concentrates Concentrates
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Whim Creek Infrastructure
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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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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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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 26

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Gold Exploration in Brazil
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Focused on Mato Grosso and Para

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 Wholly owned subsidiary CMG Mineração Ltda

 Established exploration team in Cuiabá

 Evaluating advanced projects in Mato Grosso

 Assessing opportunities in prolific Tapajós gold district

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Jatoba Gold Mine, Mato Grosso, Brazil
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• Large garimpo working

• Mineralised quartz veins exposed on floor of pit

• Dewatering completed

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 Preliminary drilling inconclusive  Further analysis of controls of mineralisation to be undertaken

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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 29

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Trenching
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Samples on shear
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Panned gold
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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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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 0.28 + Pb% x 0.26 + Ag(ppm) x 0.008 + Au(ppm) x 0.153

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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