DEVELOP GLOBAL LIMITED — Investor Presentation 2011

Mar 10, 2011

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Zurich Resources Conference Tim Sugden, Managing Director 11 March 2011

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Exploring & Developing Cu, Zn & Au
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 Developing Cu-Zn (VMS[1] ) deposits in the Pilbara

• Exploring for large gold deposits in Brazil

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1 Volcanogenic Massive Sulphide

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Capital Structure
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Share Price (8 March 2011)	$	0.12
Fully Paid Ordinary Shares	m	1,087
Market Capitalisation (undiluted)	$m	130
Cash	$m	13
Debt	$m	-
Net Cash as at 8/3/11	$m	13
Enterprise Value(undiluted)	$m	117

Regent Pacific Straits Resources Directors & Mgt Argonaut & AFM Others

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Focused on Value Growth
Through Acquisition, Exploration and Project Development (1/2009-1/2011)
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0.16
Acquisition
of Panorama
Project
0.14 High Grade
 Bankable Feasibility
Drilling Results
 Cu-Zn Exploration
at Whim Creek Acquisition of
 Brazilian Gold
Tapajós
0.12 High Grade Zn Project
at Salt Creek
Whim Creek
0.100.1 Acquisition
Announcement
Combined
0.08 BFS
Commences
0.06 Positive Whim
Creek Scoping
CMG Gold
63% Ore Reserve Study
Acquisition
Significant Cu-Zn Increase
0.04 at Mons Cupri
Massive Sulphides
0.02
Drilled at Liberty-
Indee
0
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Volcanogenic Massive Sulphides (VMS)
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• Major sources of Cu, Zn, Pb, Ag, Au, Sn, In, Ga

• Provided 22% of world Zn production

• & 6% of world Cu production

• Known from 3.4 billion years to present

• Formed on or near sea-floor

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• Structurally controlled by rifts and calderas

• Range in size from <1mt to >1.2bt

• Often high grade

• Generally occur in clusters

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Pilbara VMS Project
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• Control of Largest VMS Deposits in the Pilbara

• Significant Resource Base (~ 580,000t CuEQ[1] )

• Established Reserves

• Copper-Zinc Production Focus

• On going Exploration Potential

• Excellent Infrastructure

• Close to Ports

=

Major Fast-Track Resources Opportunity

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

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Pilbara VMS Project
Consolidating VMS Resources in an Infrastructure-Rich Region.....
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Proposed central
processing plant
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Rapid Resources Growth
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700,000

600,000

500,000

400,000 300,000

200,000

Evelyn 100,000 Discovery

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Whim Creek Acquisition

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Sulphur Springs Acquisition

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2009

2010

2011

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0

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Control of the Largest VMS in the Pilbara
Total Contained Metal in Resources = ~ 590,000t Cu EQ
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expressed as Cu EQ
Salt Creek
1.0Mt @ 4.9% Cu EQ
Whim Creek
1.03mt @ 1.9% Cu EQ
Mons Cupri
4.94mt @ 1.6% Cu EQ
Au
Ag
Pb
Cu
Zn
Liberty-Indee
0.66Mt @ 3.5% Cu EQ
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Sulphur Springs
19.3mt @ 2.2% Cu EQ
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Whim Creek Production: Mons Cupri
High Grade Core - Low Strip Ratio
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Mons Cupri
Expansion Potential
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  2. Mons Cupri NW Target Zone

  1. Mons Cupri

  4.94 million tonnes @ 1.6% Cu EQ

1. Comstock Hill Target Zone

2. High grade copper (inc. 8m @ 4.15% Cu) below NW Pits (2)

3. New drilling results indicate continuity with Mons Cupri (1)

4. Potential for second or larger single pit

5. Second copper-zinc zone may underlie Comstock Hill (3)

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Whim Creek Production
Whim Creek Pit: Pre-Stripped
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Oxide Pit
Sulphide exposed
on pit floor
Sulphide
Zone
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Salt Creek
Resources of 1mt @ 4.9% Cu EQ – open in all directions
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Salt Creek
Potential for Direct Shipping of High Grade Zn-Pb-Ag Ore
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Evelyn Discovery
High Grade Massive Sulphide
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Sulphur Springs
Largest Known VMS in the Pilbara
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expressed as Cu EQ
Salt Creek
1.0Mt @ 4.9% Cu EQ
Whim Creek
1.03mt @ 1.9% Cu EQ
Mons Cupri
4.94mt @ 1.6% Cu EQ
Au
Ag
Pb
Cu
Zn
Liberty-Indee
0.66Mt @ 3.5% Cu EQ
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Sulphur Springs
19.3mt @ 2.2% Cu EQ
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Sulphur Springs Project
Granted Mining & Miscellaneous Licences – Development Ready
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60km to sealed
Marble Bar Road
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Sulphur Springs
Resource: 19.3 million tonnes @ 2.2% Cu EQ – High Grade Core
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Sulphur Springs: Advanced Mine Design
Targeting High-Grade Cu-Zn Underground Production
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  

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Targeting Reserves Expansion
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450,000
37%
400,000
conversion
350,000
300,000
Reserve
250,000
growth
200,000 potential
72%
150,000 conversion
100,000
50,000
0
Resource Reserve Resource Reserve
Whim Creek Sulphur Springs
Metal Tonnes (Cu EQ)
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Resource Reserve Sulphur Springs

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Sulphur Springs Mining Reserve
Copper footwall expected to be incorporated into reserves
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Potential for Further VMS Discoveries
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VMS Deposit Clusters in Canada & Japan

Pilbara

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FlinFlon
Noranda
~ 8 deposits
~ 80mt ~ 19 deposits
~ 100mt
Whim Creek
~ 4 deposits
~ 9mt
Snow Lake
~ 11 deposits Matagami
~ 40mt ~ 10 deposits
~ 34mt
Panorama
~ 3 deposits
~ 26mt
Hokuroku
~ 12 deposits
~ 90mt
5 km
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Based on: Galley, A.G., Hannington, M.D., and Jonasson, I.R., 2007, Volcanogenic massive sulphide deposits, in Goodfellow, W.D., ed., Mineral Deposits of Canada: Synthesis of Major Deposit-Types, District Metallogeny, the Evolution of Geological Provinces, and Exploration Methods: Geological Association of Canada, Mineral Deposits Division, Special Publication No. 5, p. 141-161. 22

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Whim Creek Area Exploration Targets
Exploration Potential
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• Major underexplored VMS field

• Globally, VMS fields of similar nature contain an average of 8 -12 deposits

• Only 3 deposits (Whim Creek, Mons Cupri, Salt Creek) discovered at Whim Creek to date

• Very limited drilling below 150m

• Over 36km of prospective contact horizon to be explored

• New VMS field emerging with Evelyn discovery at Liberty-Indee

• Numerous untested gossans & VTEM anomalies to be evaluated

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Exploration target

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Sulphur Springs – Exploration Upside
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4 km long VMS target horizon

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In centre of Infrastructure Rich Region
Roads, Port, Power, Water, Accommodation.....
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Established Roads
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Crusher
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Conceptual Production Plan
Sufficient Reserves for First Nine Years of Operations
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1,000,000 800,000 600,000 400,000 200,000

-

Years 1-9

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Conceptual Production Plan
Simple Conceptual 1 MtpaProcessing Flow sheet
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Whim Creek Open Pits Panorama Underground
~500,000tpa ~500,000tpa
@ 2.1% Cu EQ @ 4.0% Cu EQ
Copper Circuit Zinc(+/-Lead )
Circuit
Targeted Annual
Production Rates
~16,000t ~40,000t ~3,600t 787,000oz 1,500oz
Cu Zn Pb Ag Au
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Simple Copper-Zinc Mineralogy
Produces High Grade Concentrates
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Cu (%) >25.0 Pb (%) 0.4 Zn (%) 1.4 Ag ppm 52.8 Average Sulphur Springs Copper Concentrate

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Cu (%) 0.9
Pb (%) 0.5
Zn (%) 55.0
Ag ppm 62.2
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Average Sulphur Springs Zinc Concentrate

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Conceptual Production Plan
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	Combined Operations1
Targeted annual throughput	1,000,000 t
Initial life of mine (LOM)	9 years
Average LOM mill grade2	1.8 % Cu 4.5 % Zn 0.45% Pb 28 g/t Ag (Cu EQ = 3.4%)3
Targeted annual metal production	16,500 t Cu 40,000 t Zn 3,600 t Pb 787,000 oz Ag
Targeted operating margin per tonne4	A$100-A$115
Potential annual operating cash flow4	A$100m-A$115m
Estimated pre-production capital	A$135m-A$145m

1. The Combined Operations numbers are conceptual only and will be refined during definitive feasibility studies

2. Based on current Ore Reserves detailed in the attachments

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

4. Assuming Cu US$3.50/lb, Zn US$1.00/lb, Pb US$1.00/lb, Ag US$25.00/oz, Au US$1,300/oz A$/US$ 0.90

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Definitive Feasibility Study Underway
Indicative Timeline to Production [1]
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June Qtr 2011 Sep Qtr 2011 Dec Qtr 2011 March Qtr 2012 June Qtr 2012 Sep Qtr 2012 Dec Qtr 2012 March Qtr 2013
Acquisition Settlement
Final Metallurgical Testwork
Appointment of Management Team
Tailings Dam Design
Environmental Approvals
Circuit Designs
Financing
Long lead orders
Construction
Haul Road Construction
Pre-strip and Underground Access
Commissioning
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Project Manager: Processing Facilities & Infrastructure: Environmental Approvals:

RMDSTEM GR Engineering Services Outback Ecology

1 Subject to current project planning process

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Positioned for Value Growth
VXR’s Planned Production is Undervalued Relative to Peers
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AVERAGE[1] EV = $17,000/T

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VXR
EV = $8,000/T
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• 1 Average of Discovery Metals (DML), Cudeco (CDU) and Jabiru (JML) Note: VXR’s production is conceptual in nature and subject to final feasibility studies.

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Brazilian Gold Projects
Focused on Major Greenfields Discoveries
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• 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, Para

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Brazilian Gold Projects
Rio Pombo
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Mineralised Shears in Granite Defined Targets Ready to Drill

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Brazilian Gold Projects
Serra Verde Project, Tapajós Region – Emerging Exploration Hot Spot
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Brazilian Gold Projects
Serra Verde Project, Tapajós Region
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Multiple high grade veins over many kilometres 35

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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 Acadian Mining, and Director of Pioneer Resources and Hot Chili

Mr Michael Mulroney, BSc, MBA Non-Executive Director

• Geologist with over 30 years experience in the natural resources and finance sectors

• Extensive M&A and finance exposure

• Executive Director of Argonaut Capital and CIO of AFM Perseus Fund

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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

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

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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Summary Resource Statement
20 January 2011
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Location JORC Classification Tonnes Cu % Zn % Pb % Ag g/t Au g/t	CuEq %
Measured 1,274,000 1.5 1.7 0.8 41.0 0.30 2.6 Indicated 5,989,000 1.1 2.4 0.7 23.6 0.20 2.2 Inferred 367,000 1.7 1.1 0.2 14.3 0.30 2.3 All Whim Creek/Salt Creek
Total 7,630,000 1.2 2.2 0.7 26.1 0.20 2.2

Panorama Measured 4,500,000 1.6 3.2 0.2 17.0 2.6 Indicated 10,500,000 1.2 3.5 0.2 17.0 2.3 Inferred 4,300,000 0.6 2.2 0.2 13.0 1.3
Total 19,300,000 1.2 3.1 0.2 16.1 2.2 2
PROJECT Measured 5,774,000 1.6 2.9 0.3 22.3 0.1 2.6 TOTAL Indicated 16,489,000 1.2 3.1 0.4 19.4 0.1 2.3 Inferred 4,667,000 0.7 2.1 0.2 13.1 0.0 1.4
Total 26,930,000 1.2 2.9 0.3 18.9 0.1 2.2
	Copper Zinc Lead Silver Gold Cu EQ t
Total Contained Metals(tonnes/oz) 315,360 773,960 92,010 16,398,198 15,260 587,105

Roundingerrorsmayoccur

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Whim Creek Resources & Reserves
25 November 2010
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Competency Statement: The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves at Whim Creek, Mons Cupri, Salt Creek and Liberty-Indee is based on information compiled or reviewed 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 consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

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Sulphur Springs Resources and Reserve
20 January 2011
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	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	MINERAL RESOURCES	UNDERGROUND ORE RESERVE	UNDERGROUND ORE RESERVE	UNDERGROUND ORE RESERVE	UNDERGROUND ORE RESERVE	UNDERGROUND ORE RESERVE
Location	JORC Classification	Tonnes x 1,000	Cu wt %	Zn wt %	Pb wt %	Ag g/t	JORC Classification	Tonnes x 1,000	Cu wt %	Zn wt %	Ag g/t
Panorama	Measured	4,500	1.6	3.2	0.2	17.0	Proven	1,400	2.5	5.5	24.0
	Indicated	10,500	1.2	3.5	0.2	17.0	Probable	2,500	2.1	6.9	26.0
	Inferred	4,300	0.6	2.2	0.2	13.0
	Total	19,300	1.2	3.2	0.2	16.0	Total	3,900	2.2	6.2	25.0

Note: Rounding errors may occur.

The information in this report that relates to Mineral Resources at Panorama is based on information reviewed 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 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 consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Panorama Ore Reserve is based on information compiled by Mr Steven O’Dea, who is a member of The Australasian Institute of Mining and Metallurgy. Mr O’Dea is principle of SN Consulting and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr O’Dea consents to the inclusion in the report of matters based on his information in the form and context in which it appears.

ReserveNotes

Ore Reserves at Whim Creek, Mons Cupri, Salt Creek and Liberty-Indee were estimated using a Net Smelter Return calculation on a cost, insurance and freight (CIF) basis and incorporating variable TC/RC terms and metal prices of: copper US$7715/t, zinc US$2205/t; lead US$2161/t; silver US$19.8/oz; and, gold US$1200/oz. The applied exchange rate is A$1.0=US$0.89. Reserve cut-off grades are: Mons Cupri open pit 0.62% Cu EQ; Whim Creek open pit 0.65% Cu EQ; Salt Creek open pit 0.72% Cu EQ; Evelyn open pit 0.76% Cu EQ; Salt Creek underground 1.96% Cu EQ; and Evelyn underground 1.4% Cu EQ.

A pre-feasibility level underground mine design for the Panorama deposit was completed by SN Consulting in December 2009. The design was developed from detailed geological information provided by CBH geologists and geotechnical input from Coffey Mining. A production rate of 600,000 tpa was selected as optimal for the low tonnage high grade options based on achievable extractions rates and expected mine life balanced against capital cost of infrastructure. This is greater than the proposed production rate of 500,000tpa in the Venturex combined operations scenario. The mining design incorporates a combination of bottom-up bench stoping in the narrow (less than 20m wide) sections of the ore body with long hole open stoping for the wider central zones. The bench stoping areas utilise a 25m level interval whereas the open stopes have a 40m interval (with a 20m sub-level drill drive). As the orebody is made up of a number of discrete ore zones, several stopes can be mined on each level concurrently. Production from stoping would be dependent on the advance of the decline. Stope shapes were designed based on the 10% Zinc equivalent ore body. The orebody solid was sectioned at 5m levels for use in stope design. Stope outlines were created by digitising practical mining shapes based on the ore body level plans and creating solid models. Each resulting solid was checked with the 5m ore body level plans to check continuity between levels and in some cases modified with intermediate outlines where rapid change in ore body shape were evident. Where the practical stope shape takes in waste or low grade material this is included in the reserve as planned dilution. Mining dilution has been estimated as 5% at a grade of 4.8%Zn and 1.5%Cu. The dilution grade has been calculated by modeling the potential over break then extracting the tonnes and grade from the block model. A stoping recovery factor of 95% was applied to the bench stoping method. The ore loss is attributable to the ability to handle oversize rocks, stope bogging efficiency and blasting the ore onto unconsolidated rock fill.

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Disclaimer Contacts
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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 Resources Limited’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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Tim Sugden

Managing Director T: +61 8 6389 7400

E: tim.sugden@venturexresources.com

Liza Carpene

Company Secretary T: +61 8 6389 7400 E: liza.carpene@venturexresources.com

Registered Office

Suite 3, Level 1, 127 Cambridge Street West Leederville WA 6007, Australia

Postal Address

PO Box 1444

West Leederville WA 6901, Australia

Website

www.venturexresources.com

ASX Code

VXR

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