DEVELOP GLOBAL LIMITED — Investor Presentation 2013

Dec 11, 2013

PPR Investor Showcase

Michael Mulroney - Managing Director | December 2013

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Cautionary Statement

The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”).

While the information contained in this Presentation has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representations or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

This Presentation may include certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers, do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation of any matter that subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements.

Competency Statement

The information in this report that relates to Exploration Results, is based on information compiled or reviewed by Michael Mulroney and Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. Mr Mulroney 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 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Mulroney 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.

The information in this report that relates to Mineral Resources and Ore Reserves is based on information compiled or reviewed by Michael Mulroney and Steven Wood who are Members of the Australasian Institute of Mining and Metallurgy. The information was previously issued with the written consent of Mr Mulroney and Mr Wood, who are full time employees of Venturex Resources Limited, in the Company Resource and Ore Reserve Statement released to the ASX on 8 October 2013. The Company confirms that:

• a. The form and context of Mr Mulroney’s and Mr Wood’s finds are presented have not been materially modified;

• b. It is not aware of any new information or data that materially affects the information included in the 8 October 2013 announcement and that all material assumptions and technical parameters underpinning the estimate in the 8 October 2013 announcement continue to apply and have not materially changed; and

• c. It is uncertain that following further exploration and evaluation that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC 2012 Code.

Overview

A Multi Commodity Company

Copper Zinc in the Pilbara Large resource base with excellent growth potential Exploration advancing in three major VMS centres Brazilian Gold

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Exploring for large gold deposits in emerging Tapajós region

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Overview

Corporate Information

Experienced Board

Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director

Tony Kiernan Michael Mulroney Ray Parry John Nitschke

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Key Shareholders
33.5%
Regent Pacific
46.2% Northern Star
Henghou Industries
Others
12.9%
7.4%
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Capital Structure

Capital Structure
ASX Code	VXR
Issued Shares	1,548m
Market Capitalisation	$12.8m
Cash	$3.7m

Price

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Volume (m) Price ($)
$0.05
14
12 $0.04
10
$0.03
8
6 $0.02
4
$0.01
2
0 $0.00
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Note: As at 11 December 2013

Summary

A Year of Challenges….and Progress

Pilbara

 Project review underway, key infrastructure commissioned

 Project permitting advanced

• Expanded exploration footprint

 Exploration drilling at Kangaroo Caves, Midway drilling in progress

 Regional analysis redefining potential of Whim Creek VMS belt

Corporate

• Streamlined Company’s Board and cost structure

• Rationalising non-core activities and assets

• Company’ funding position, current cash balance of $3.7m

Pilbara Cu-Zn Project

First World Location in the Pilbara

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Pilbara Cu-Zn Project

Large Resource Base with Growth Upside

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700,000
600,000
500,000 26.4 million tonnes
1.2% Cu
Kangaroo Caves
3.4%Zn
400,000 Sulphur Springs
0.3% Pb
Salt Creek
18.4 g/t Ag Mons Cupri
300,000 0.1 g/t Au Whim Creek
Liberty-Indee
200,000
100,000
-
Tonnes Cu-EQ
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CuEq is based on Cu US$3.50/lb, Zn US$0.95/lb, Pb US$0.95/lb, Ag US$25/oz, Au $1,300/oz, A$/US$ 0.95, plus metallurgical recovery factors for each deposit

Pilbara Cu-Zn

Project Activities

Progressing Forward

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 Scale Optimisation

 Optimising cut-off grade versus production rate

 CAPEX Review

• Reduce mine development time frame

• Reconfiguring Plant and Infrastructure design

 Infrastructure

 Joint Access Road constructed and commissioned – full access to within 8 kilometres of site  Permitting – Major advances achieved

• Several key Project development approvals secured for first time

• Discussions nearing completion

Exploration

Pilbara Exploration

Untapped Potential

Globally, VMS deposits tend to occur in clusters

Average is 5-8 deposits – we have only scratched the surface

Brownfields

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• Expansion of Sulphur Springs and Kangaroo Caves resources

• Salt Creek – Balla Balla resource growth

Greenfields

• Multi-discipline regional analysis redefining deposit environments

• Whim Creek/Salt Creek belt

• SS-KC corridor including Midway target

• Commence exploration of Panorama regional prospects

• Liberty-Indee JV (70%) targets

Exploration

– Panorama Region A Major VMS system

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• Sulphur Springs – Kangaroo Caves corridor has no drilling outside known resources

• Midway target drilling is the first step

• Control of known VMS horizon, six identified targets with indications of Cu-Zn mineralisation (Breakers, Man O’War, Jamesons)

Exploration

– Panorama Region A Major VMS system

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SULPHUR
SPRINGS
KANGAROO CAVES MIDWAY
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 CSIRO HYMAPPER Multispectral Survey 2002 outlined alteration zonation patterns  Co-funded drilling is first pass test for presence of a new vent zone at Midway

Exploration

– Whim Creek Limited Exploration

• Limited drilling outside of Whim Creek and Mons Cupri deposits

• Mons Cupri SW – Extended system with preserved Zn-rich fragments

• Ongoing analysis defining “regional system fingerprint”

• Co-funded drilling grant awarded, drilling in mid-2014

Exploration

– Salt Creek A Developing Story

Detailed geochemical/spectral studies redefining geological setting of mineralisation

 Regional modelling points to new vent system(s) in West Balla/ACL area  Copper intersections at ACL (incl. 6m @ 2.0% Cu) analogous to Mons Cupri

Exploration

– Liberty Indee JV Emerging Frontier

• Complex geological setting, several horizons with potential, highly deformed

• Detailed analysis underway to define mineralisation “fingerprint”

• Future targets - Evelyn deposit extension, Donkey Well region, Hinge region

Summary

The Near Future

Pilbara

• Feasibility review program progressing

• Project approvals being secured, finalisation pending

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• Funded exploration program underway, high discovery potential

• Midway drilling in progress, Sulphur Springs drilling to resume early 2014

• Brazil

• Greenfield exploration ongoing, considering strategic alternatives

• Corporate

• Growing cash position, non-core asset rationalisation underway

• Working towards commercialisation of core assets

Michael Mulroney Managing Director

E: michael.mulroney@venturexresources.com

Trevor Hart Company Secretary/CFO

E: trevor.hart@venturexresources.com

Registered Office Level 2 91 Havelock Street West Perth WA 6005 Australia

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

Tony Dawe Professional Public Relations

T: +61 8 9388 0944

• E: tony.dawe@ppr.com.au

admin@venturexresources.com www.venturexresources.com

ASX Code: VXR

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