DEVELOP GLOBAL LIMITED — Investor Presentation 2010

Jun 16, 2010

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E xp or ng or go l i f ld
in Brazil
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Developing base metals
in the Pilbara
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20:20 Investor Series ‐ Sydney, 17 June 2010 Tim Sugden ‐ Managing Director

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Share Price Performance ‐ VXR

Capital Structure

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Fully Paid Ordinary Shares 616.28m Unlisted Nov 2010 $0.20 Options 0.65m Unlisted Apr 2011 $0.20 Options 1.46m Unlisted Jan 2012 $0.10 Options 21.00m Unlisted Jan 2012 $0.095 Options 42.10m Unlisted Dec 2012 $0.15 Options 12.00m

Shareholder Analysis

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17% Straits
Regent Pacific
13%
53% Directors & Management
Argonaut
11%
Others
6%
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Pricing Snapshot

Board & Management

Share Price (16 June 2010) Fully Paid Ordinary Shares (Post Regent T1) Market Capitalisation	$0.07 616,279,853 $43.14m

Allan Trench Non-Executive Chairman Tim Sugden Managing Director Anthony Reilly Executive Director Michael Mulroney Non-Executive Director Liza Carpene Company Secretary

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An Emerging Base Metals and Gold Company Focused on:

• Development of a centralised Cu‐Zn‐Pb‐Ag‐Au processing hub in the Pilbara

• The discovery of a significant gold resource in Brazil

In the last 12 months we have:

• Acquired Brazilian Gold Projects (CMG Mineração Ltda)

• Discovered a high grade VMS in the Pilbara and established a maiden JORC resource

• Acquired Whim Creek Copper Project from Straits Resources Ltd

• Refocused Whim Creek from previous low grade oxide to high grade VMS sulphide

• Increased total resources to ~180 000t Cu EQ,

• Finalised $10.7m funding package with Regent Pacific

• Commenced drilling of high grade targets in the Whim Creek Region

In the next 6 months we expect to:

• Announce a high grade sulphide resource estimate for Whim Creek region

• Commit to a feasibility study

• Evaluate and acquire additional gold projects in Brazil

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Whim Creek: Established Mining, Energy & Transport Infrastructure

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120km to Port Hedland
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Grid Power
Salt Creek
Roads
Proposed Mill
Location
Accommodation
Crusher
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Pilbara VMS Development Plan

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 Consolidate known VMS resources

• l f f d on

• Exp ore or new resources, ocuse near‐mine opportunities (25km radius)

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• Delineate open pit and underground mining reserves using high‐grade cut off

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• Develop central processing hub at Whim Creek using existing infrastructure

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• Export copper, zinc & lead (+Au, Ag credits) concentrates via Port Hedland (120km)

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• Scoping study expected to be completed late 2010

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Whim Creek: A Hub for Developing Cu‐Zn‐Pb‐Ag‐Au Deposits

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Balla Balla Balla Balla New discovery New discovery Drilling underway Drilling underway

Salt Creek 1.83mt @ 3.6% CuEQ Open at depth

Mons Cupri 7 82. mt @ 1 2% C . uEQ High grade core Liberty‐Indee 0.66Mt @ 4.1% CuEQ

Whim Creek 1.29mt @ 1.4% CuEQ

 110,000t Cu; 160,000t Zn; 50,000t Pb; 7.4m oz Ag in known resources  Drilling now defining high grade zones

CuEQ = Cu + Zn/3.5 + Pb/3.8

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Resource Definition Mons Cupri Copper Zone

• RC & diamond drilling defines thick, high grade zone

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• New resource to be modeled

• Amenable to open cut and underground mining

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Whim Creek Proposed Cut‐Back

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Numerous Shallow Exploration Targets on
Mons Cupri – Whim Creek VMS Horizon
VMS Horizon projected
to 250m depth
New Hedland
Federal
Road Show
7,695,000 mN
Whim Creek
C roy den
Mons Cupri NW
Western Hil l Lead An omaly
Mons Cupri
VMS Horizon projected
to 500m depth
May’s Find
7,690,0 00 mN
0 1 2
kilometres
5km
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Targeting High Grade Zn‐Pb‐Ag at Salt Creek

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Diamond drilling at Salt Creek May 2010
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Salt Creek VMS System

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HIGH GRADE
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ZINC‐LEAD‐SILVER‐LENSES
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300
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COPPER LENSES
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Salt Creek VMS System: Copper Zone Long Section showing high grade resource target areas

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TW = True Width
2.5m @ 15.7% Cu (TW)
13m @ 4.3% Cu (TW)
3.3m @ 11.1% Cu (TW)
7.3m @ 2.8% Cu (TW)
6.0m @ 5.6% Cu (TW)
2 6m @ 7 8% Cu. . (TW)
50 m
OPEN
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Evelyn (Liberty‐Indee) High Grade Massive Sulphide – Open at Depth

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First Diamond Hole in Evelyn (South) May 2010

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Liberty‐Indee: 12 km of VMS Horizon to Explore

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Gossan @
40% copper
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* Niton® analysis

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Copper Cathode Production to Recommence In Second Half of 2010

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Whim Creek Cu Hea Leach
p
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Small‐scale SX‐EW under development by WASCO; VXR to receive 50% of profit

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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

Gold Exploration in Brazil Focused on Mato Grosso and Para

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Jatoba Gold Mine, Mato Grosso, Brazil

• Large garimpo working

 Mineralised quartz veins exposed on floor of pit  Dewater ng comp ei l ted

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 Prelim nary ri d illing nconc us vei l i

• Further analysis of controls of mineralisation to be undertaken

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Rio Pombo, Mato Grosso, Brazil Trenching Activities, May 2010

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Trenching
Samples on shear
Panned gold
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• Large soil anomaly (up to 2.46 g/t Au)

• Rock chips up to 170 g/t Au

• Trenching program underway to identify primary

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• structures

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An Emerging Base Metals and Gold Company

 C i il ld opper, z nc, s ver, go exposure

 High grade resource base  VMS l i i l i him reeC k i exp orat on potent a n W reg on  Scoping study underway

 Excellent infrastructure in heart of the Pilbara  Low cost capital development  Well funded (A$7m*) through to feasibility  Cash flow from copper oxide operations  Blue sky discovery potential in Brazil

* On completion of Placement to Regent Pacific approved on 16 June 2010

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Resource Statement

				Resource Statement	Resource Statement
	SULPHIDE & TRANSITIONAL			OXIDE
	SULPHIDE & TRANSITIONAL			OXIDE
	Location JORC Classification Tonnes Cu wt% Zn wt% Pb wt% Ag g/t Au g/t	CuEq wt %		Location JORC Classification Tonnes Cu wt% Zn wt% Pb wt% Ag g/t Au g/t
	Whim Creek Measured 572,000 1.4 0.5 0.2 4.8 0.07 1.7 Indicated 585,000 0.8 0.4 0.1 4.2 0.04 1.1 Inferred 131,000 0.2 2.3 0.4 10.2 0.30 1.4			Whim Creek Measured 20,600 1.0 0.3 0.1 1.9 0.00 Indicated 38,300 0.7 0.3 0.1 1.3 0.00 Inferred 7,000 0.0 2.7 0.4 8.8 0.10
				Sub‐total 65,900 0.7 0.6 0.1 2.3 0.00
	Sub‐total 1,288,000 1.0 0.6 0.2 5.1 0.08 1.4
	Mons Cupri Measured 3,094,000 0.8 1.0 0.4 18.7 0.10 1.5 Indicated 2,487,000 0.6 0.6 0.3 12.8 0.06 1.1 Inferred 2,260,000 0.6 0.5 0.2 10.0 0.05 0.9			i d Mons Cupr Measure 82,700 0.4 0.2 0.3 9.7 0.00 Indicated 98,600 0.4 0.0 0.1 2.7 0.00 Inferred 433,400 0.5 0.2 0.3 9.8 0.10
				Sub‐total 614,700 0.4 0.2 0.3 8.7 0.00
	Sub‐total 7,841,000 0.7 0.7 0.3 14.3 0.08 1.2			Liberty‐Indee Measured 0 0.0 0.0 0.0 0.0 0.00 Indicated 22,000 2.8 2.3 0.4 24.1 0.48 Inferred 29,000 1.8 2.5 0.5 32.8 0.47
	Salt Creek Indicated 1,705,000 1.5 3.6 1.1 42.3 0.20 3.6 Inferred 127,000 0.1 6.5 2.6 66.6 0.19 3.9
	Sub‐total 1,833,000 1.4 3.8 1.2 44.0 0.20 3.6			Sub‐total 51,000 2.2 2.4 0.4 29.0 0.47
	Liberty‐Indee Indicated 453,000 2.2 4.5 0.4 42.0 0.92 5.0 Inferred 204,000 1.0 1.8 0.2 22.4 0.44 2.2			All Locations Measured 103,300 0.5 0.2 0.2 8.1 0.00 Indicated 159,200 0.8 0.4 0.1 5.4 0.10 Inferred 469,500 0.5 0.4 0.3 11.3 0.10
	Sub‐total 657,000 1.8 3.7 0.3 35.9 0.77 4.1
				Total Oxide Resource 732,000 0.6 0.4 0.3 9.5 0.10
	All Locations Measured 3,666,000 0.9 0.9 0.4 16.5 0.10 1.6 Indicated 5230000 11 19 05 240 018 23
	,, . . . . . . Inferred 2,722,000 0.6 0.9 0.3 13.5 0.10 1.2			Tonnes Cu wt% Zn wt% Pb wt% Ag g/t Au g/t
	Total Sulphide & Transitional Resources 11,619,000 0.9 1.4 0.4 19.2 0.13 1.8
				All Resources 12,350,600 0.90 1.30 0.40 18.60 0.13

Location	JORC Classification	Tonnes	Cu wt%	Zn wt%	Pb wt%	Ag	Au g/t	CuEq wt
						g/t		%
Whim Creek	Measured	572,000	1.4	0.5	0.2	4.8	0.07	1.7
	Indicated	585,000	0.8	0.4	0.1	4.2	0.04	1.1
Mons Cupri	Inferred Sub‐total Measured Indicated Inferred	131,000 1,288,000 3,094,000 2,487,000 2,260,000	0.2 1.0 0.8 0.6 0.6	2.3 0.6 1.0 0.6 0.5	0.4 0.2 0.4 0.3 0.2	10.2 5.1 18.7 12.8 10.0	0.30 0.08 0.10 0.06 0.05	1.4 1.4 1.5 1.1 0.9
	Sub‐total	7,841,000	0.7	0.7	0.3	14.3	0.08	1.2
Salt Creek	Indicated	1,705,000	1.5	3.6	1.1	42.3	0.20	3.6
	Inferred	127,000	0.1	6.5	2.6	66.6	0.19	3.9
	Sub‐total	1,833,000	1.4	3.8	1.2	44.0	0.20	3.6
Liberty‐Indee	Indicated	453,000	2.2	4.5	0.4	42.0	0.92	5.0
	Inferred	204,000	1.0	1.8	0.2	22.4	0.44	2.2
	Sub‐total	657,000	1.8	3.7	0.3	35.9	0.77	4.1
All Locations	Measured	3,666,000	0.9	0.9	0.4	16.5	0.10	1.6
	Indicated Inferred	5,230,000 2,722,000	1.1 0.6	1.9 0.9	0.5 0.3	24.0 13.5	0.18 0.10	2.3 1.2
	Total Sulphide & Transitional Resources	11,619,000	0.9	1.4	0.4	19.2	0.13	1.8

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Notes, Competency Statements and Disclaimer

Notes: The metal contents in drill core referred to in this announcement 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. Competency Statements: The information in this report that relates to Exploration Results and Mineral Resources at Whim Creek, Mons Cupri, Salt Creek and Brazil is based on information compiled by Dr Tim Sugden BSc, PhD, who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Sugden is a full‐time employee of Venturex Resources Limited and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves ”. Dr Sugden consents to the inclusion in the report of the matters based on their information in the form and context in which it appears. The information in this report that relates to Mineral Resources at Liberty‐Indee is based on information compiled by Dr Tim Sugden BSc, PhD. and Mr Ian Glacken BSc, MSc (Mining Geology), MSc (Geostatistics), Member and Fellow respectively, of the Australasian Institute of Mining and Metallurgy. Dr Sugden is a full‐time employee of Venturex Resources Limited and Mr Glacken is a full time employee of Optiro Pty Ltd. Both Dr Sugden and Mr Glacken have sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which the y are undertakin g to q ualif y a Com p etent Persons as defined in the 2004 Edition of the “Australasian Code for Re p ortin g of Mineral Resources and Ore Reserves”. Dr Sugden and Mr Glacken consent 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 d ec s ons, i i i nvestors s h ou ld re y on t l h e r own exam nat on o i i i f Venturex Resources L m te i i d an d consu t w t l i h t h e r own i l ega , tax, l b us ness an i d/ or fi nanc a i l 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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Registered Office

Suite , 3 Level 1 127 Cambridge Street

West Leederville WA 6007

Share Registry

Advanced Share Registry Limited 150 Stirling Highway 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

T: +61 8 9389 8033 F: +61 8 9389 7871

E: admin@venturexresources.com

E: admin@advancedshare.com.au

W: www.venturexresources.com

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