DEVELOP GLOBAL LIMITED — Investor Presentation 2014

Feb 18, 2014

Explorers Conference

Michael Mulroney - Managing Director | 20th February 2014

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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 - Pre development Project 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

Tony Kiernan

Michael Mulroney Ray Parry

Managing Director Non-Executive Director Non-Executive Director

John Nitschke

Key Shareholders

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

ASX Code VXR Issued Shares 1,548m Market Capitalisation $13.9m Cash and receivables $4.2m

Price

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Volume (m) Price ($)
$0.018
14
$0.016
12 $0.014
10 $0.012
8 $0.010
$0.008
6
$0.006
4
$0.004
2 $0.002
0 $0.000
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Note: As at 11 December 2013

Summary

A Year of Challenges….and Progress

Pilbara

 Optimisation process underway, key infrastructure commissioned

 Project permitting well advanced

 Expanded regional exploration footprint

 Exploration drilling at Kangaroo Caves, Midway drilling in progress

 Regional analysis redefining Whim Creek VMS belt

Corporate

 Streamlined Company’s Board and costs

• Rationalising non-core activities and assets

• Advancing development strategy and concepts

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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800,000
700,000
600,000
500,000 Kangaroo Caves
Total resource
Sulphur Springs
Salt Creek
400,000 26.4 million tonnes
Mons Cupri
Whim Creek
300,000 1.2%Cu 3.4%Zn 0.3%Pb 18.4 g/t Ag Liberty-Indee
200,000
100,000
-
Cu-EQ Metal
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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

 Project Status

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• Development deferred, approvals pending

• Optimisation Review

• Optimising grade versus production rate

• Simplifying plant and infrastructure design

• Infrastructure

• Joint Access Road commissioned – full access to within 6 kilometres of site

• Permitting – Major advances achieved

• Key Project development approvals secured, Mining Proposal review nearing completion

• All development and funding options being considered

Exploration

Pilbara Exploration

Untapped Potential

• Significant land position in 3 Archaean VMS terrains centred around Sulphur Springs and Whim Creek

• Globally, VMS deposits occur in clusters, average is 5-8 deposits per province

• Multi-discipline regional analysis redefining deposit environments

• Clear target regions emerging

• Little drilling beyond 200 metres depth – virtually no drilling below 300 metres

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• We have barely scratched the surface

Exploration

– Panorama Region A Major VMS system

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• Main Target is Sulphur Springs – Kangaroo Caves corridor

• Current EIS drilling program at Midway is the first exploration of this area

• Secured remaining areas of VMS horizon, six existing targets with some significant Cu-Zn drill intersections (Breakers, Man O’War, Jamesons)

Exploration

– Panorama Region Using next level technology

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SULPHUR
SPRINGS
KANGAROO CAVES MIDWAY
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 CSIRO HYMAPPER Survey outlined alteration zonation patterns

 Co-funded drilling is first pass stratigraphic test for presence of a hydrothermal vent zone

 Program expected to be completed within two weeks

Exploration

– Whim Creek Limited Exploration

• Despite a long history - limited drilling outside of known deposits

• Mons Cupri SW – down dip extension with preserved Zn-rich fragments

• EIS grant awarded for Southern Hills target, drilling expected in mid-2014

• Regional analysis ongoing to define “system fingerprint”

Exploration

– Salt Creek A Developing Story

• Close proximity to Whim Creek (17 kilometres west)

• Ongoing geochemical/NIFR spectral studies redefining geological setting of Salt Creek

• Regional modelling pointing to untested system(s) in West Balla/ACL area

• Copper intersections at ACL (incl. 6m @ 2.0% Cu) in setting analogous to Mons Cupri

Exploration

– Liberty Indee JV Emerging Province

• Close to Whim Creek (35 kilometres south of Whim Creek), 70% interest and operator

• Evelyn Cu-Zn discovery in distal setting with several target horizons

• Regional spectral analysis being extended to define mineralisation “fingerprint”

• Future targets - Evelyn deposit extensions, Donkey Well prospect, Quarmby North

Summary

The Near Future

Pilbara

 Feasibility review program progressing

• Finalisation of Project approvals pending

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• Funded exploration program underway, high discovery potential

 Midway drilling in progress, Sulphur Springs and Whim Creek drilling planned for mid 2014

Brazil

• Greenfield exploration ongoing, strategic options under consideration

Corporate

• Discussions with potential development partners commencing

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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