DEVELOP GLOBAL LIMITED — Investor Presentation 2016

Nov 17, 2016

JOHN NITSCHKE, MANAGING DIRECTOR

ASX: VXR

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Disclaimers

Cautionary Statement

The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”). This presentation is being used as a presenter’s aid with summarised information. See Venturex’s other and periodic disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au or at www.venturexresources.com, for more information.

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. Venturex assumes no obligation to update such information.

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. Please undertake your own evaluation of the information in this presentation and consult your professional advisers if you wish to buy or sell Venturex shares.

Competency Statement

The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by James Guy who is a Member of the Australasian Institute of Mining and Metallurgy. The information contained in this presentation was previously released in announcements Company Resource and Reserve Statement – Revised released 8 October 2013, Kangaroo Caves Resource Upgrade issued 22 September 2015 and Sulphur Springs Resource Update issued 11 May 2016, IP Survey of Mons Cupri Identifies Promising Anomalies issued 7 June 2016, Sulphur Springs Reserve Update issued 28 June 2016 and Well Defined IP Drill Targets at Mons Cupri issued 4 July 2016 and High Grade Results at Salt Creek issued 20 October 2016.

The Company confirms that:

• a. The form and context of the material in this presentation has not been materially modified from the above previous announcements;

• b. It is not aware of any new information or data that materially affects the information included in the previous announcements and that all material assumptions and technical parameters underpinning the estimate in the 8 October 2013, 22 September 2015, 11 May 2016 and 28 June 2016 announcements 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.

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Corporate Overview

Ca ital Structure p

ASX Code

VXR

Issued Shares

2,611M

Market Capitalisation (as at 17/11/2016 at 0.09c) $23.5M

Cash and receivables (as at 30/09/2016) $4.5M

Experienced Board

Anthony Kiernan LLB - Non-Executive Chairman Solicitor with +35 years experience with public companies

John Nitschke B.Eng (Hons), MSc - Managing Director Mining engineer with +40 years' experience

Anthony Reilly B.Ec - Non-Executive Director 20 years investment banking experience

Key Shareholders

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Regent Pacific
22%
Northern Star Resources
37%
Henghou Industries
14% Board & Management
Balance of Top 20
6%
16%
5%
Need a better picture Free Float Shares
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Darren Stralow B.Eng, GAICD, GCAF - Non-Exec. Director Mining engineer with +15 years’ experience

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An extensive, high quality Resource inventory in a premier mining jurisdiction

Total Mineral Resource of ~910,000t of contained zinc and ~320,000t of contained copper

Sulphur Springs Deposit: 13.4Mt @ 4.0% Zn & 1.5% Cu[2] [.]

Whim Creek Project: 7.2Mt @ 1.8% Zn & 1.2% Cu[1.]

Kangaroo Caves Deposit: 3.55Mt @ 6% Zn & 0.77% Cu[3] [.]

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Venturex in 2017

• Progressing Sulphur Springs to development

 Aggressive Drilling Program at Whim Creek aimed at expanding existing Resources

• Massive leverage to base metal prices

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Sulphur Springs Zinc Copper Project – Value Engineering Study Complete

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• New Resource Models and Estimate  17.0 Mt @ 4.4% Zn & 1.3% Cu  740 kt Zn & 200 kt Cu[1 ] Target Production

 1 Mtpa to produce 32 ktpa Zn & 17 ktpa Cu[2,3 ]  LoM 431 kt Zinc & 146 kt Copper Reduced risk profile & improved operability

Attractive financial metrics:

• 1 Sulphur Springs plus Kangaroo Caves - ASX Releases 22 September 2015 and 11 May 2016

2The LoM schedule is derived from a mining inventory of which 53% is Indicated Resources and 47% is Inferred Resources, the LoM mining inventory does not constitute an Ore Reserve. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

 Pre-production CAPEX A$164M  C1 Zinc cost of US$0.02 per pound[4 ] +11 year Life

• 3 Average first 5 years of production including Cathode

• 4 Assumes Copper Price of US$6,450 per tonne, Silver US19 per ounce and Exchange Rate of US$0.75

Opportunity for Low CAPEX Stage 1

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Sulphur Springs Project – Staged Development Opportunity

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Supergene and Oxide Copper mined by Open pit

Low CAPEX Stage 1 Development  AUD$30 to 65M[1 ]

 26 k tonne Cu Cathode

• over 3 to 4 years[1 ]

 Cost US$0.76/lb Cu[1]

….Inferred Resource

> needs to be Proven

• 1 Independent Research Report on Venturex Resources Limited dated July 2016.

Available at www.venturexresources.com

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Sulphur Springs Project – Next Steps

 Refer Project to regulators to determine the approval route.

• Infill drilling program designed for first half 2017 to increase confidence in Resource and metallurgy.

• Target is to be in production in 2018 with sulphide to follow in 2019.

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Whim Creek – Multiple Opportunities to Expand Existing Sulphide Resources

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Whim Creek ~ Salt Creek Drill Targets

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Whim Creek ~ Mons Cupri Step Out Drill Targets

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Whim Creek ~ Mons Cupri Resource Extension

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Resource 4.6Mt at 1.3% Zn & 0.9% Cu

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Whim Creek Sulphide Resource Expansion ~ Existing Infrastructure

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2017 ……. Multiple Opportunities to Add Significant Value

• Progress Sulphur Springs towards production

• Multiple targets to grow the Resources at Whim Creek

• Zinc and Copper market sentiment improving

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THANK YOU!

Two advanced copper-zinc projects in WA’s Pilbara Extensive resources with outstanding growth potential Poised for production at the right time

John Nitschke , Managing Director

e: john.nitschke@venturexresources.com Anthony Reilly , Non-Executive Director e: anthony.reilly@venturexresources.com Trevor Hart , Company Secretary/CFO e: trevor.hart@venturexresources.com

Registered Office Level 2, 91 Havelock Street West Perth WA 6005 T: +61 8 6389 7400 F: +61 8 9463 7836 admin@venturexresources.com www.venturexresources.com

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