DEVELOP GLOBAL LIMITED — Regulatory Filings 2012

Sep 26, 2012

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SULPHUR SPRINGS DRILLING DELIVERS STRONG RESULTS

• RC drilling hits significant intersections at Sulphur Springs

• Western Lens mineralisation extended at depth

• Resource revision to commence

 Assay results pending for all mineralised intersections

Venturex Resources Limited (Venturex) (ASX: VXR) is pleased to report very positive drilling results from the Company’s ongoing exploration program at its Sulphur Springs copper-zinc deposit in the Pilbara region of Western Australia.

Venturex Managing Director Michael Mulroney said: “These new intersections at Sulphur Springs have the potential to extend the area of high grade mineralisation at the base of the Western Lens. We anticipate that it is highly likely the underground mine plan can be expanded into this area and potentially extend the life of the planned underground mining operation at Sulphur Springs.”

Sulphur Springs Drilling

A highly successful six hole RC drilling program (1,710 metres) has been completed at the main Sulphur Springs deposit targeting potential high grade extensions to the Western Lens copper-zinc mineralisation at depth.

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Figure 1- Sulphur Springs Project Location

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ASX Announcement
ASX Code: VXR
Released: 27 Sep 2012
For further details
Michael Mulroney
Managing Director
T: +61 8 6389 7400
M: +61 412 443 806
michael.mulroney@venturexresources.com
Board
Tony Kiernan
Chairman
Michael Mulroney
Managing Director
Allan Trench
Non-Executive Director
John Nitschke
Non-Executive Director
Ray Parry
Non-Executive Director
Liza Carpene
Company Secretary
Contact Details
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
ABN: 28 122 180 205
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The RC drilling intersected significant widths of massive[1] and stringer sulphide mineralisation in all drill holes with geological logging and preliminary Niton (XRF) readings indicating extensive zones of high grade zinc and copper mineralisation.

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Figure 2 – Long section Sulphur Springs deposit with recent drill hole intersection points The new drill hole intersections are summarised below:

• SSR001: 26.0 metre zone of massive and disseminated sulphides from 210 metres depth including 10.0 metres of massive sulphide from 210 metres depth plus an additional 8.0 metres of massive sulphide from 232 metres depth.

• SSR002 : 15.0 metre zone of massive sulphide mineralisation from 174 metres depth plus a 7.0 metre zone of massive and disseminated sulphide mineralisation from 232 metres depth.

• SSR003: 11.0 metre zone of massive sulphide mineralisation from 215 metres depth plus a further 7.0 metre zone of massive and disseminated sulphide mineralisation from 234 metres depth.

• SSR004: 7.0 metre zone of massive sulphide mineralisation from 188 metres depth plus a 2.0 metre zone of disseminated sulphide mineralisation from 242 metres depth.

• SSR005: 6.0 metre zone of disseminated and stringer sulphides from 229 metres depth.

• SSR006: 6.0 metre zone of disseminated and stringer sulphides from 217 metres depth.

The intersections recorded in holes SSR001-4 are considerably thicker than anticipated and extend the mineralisation beyond the current resource model into this area. Subject to final assays, it is anticipated that the proposed mine design will be extended to include this area as part of the current Feasibility Study.

Holes SSR005-6 have extended the zone of footwall stringer mineralisation significantly to the west of previous intersections and indicate a possible connection with similar mineralisation intersected previously at the Bledisloe prospect located 600 metres further west.

1 Massive sulphide refers to in excess of 60% of sulphide mineralisation.

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General

Assay results are pending for all mineralised intersections and are expected to become progressively available over the next few weeks.

Work will commence on upgrading the Sulphur Springs resource model and the underground mine design as soon as the final assay results are received.

MICHAEL MULRONEY Managing Director

For further information, please contact:

Michael Mulroney / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Tony Dawe – Professional Public Relations on 0405 989 743 / (08) 9388 0944

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with a portfolio of VMS projects in the Western Pilbara. Venturex owns or controls the Whim Creek Copper Mine and all associated mining leases and exploration tenements including copper, zinc, lead, silver and gold resources at Whim Creek, Mons Cupri, Salt Creek, Liberty ‐ Indee and Sulphur Springs. Other assets include the Whim Creek Hotel, an accommodation village, crushing circuit and various mining infrastructure. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing a centralised processing hub at Sulphur Springs. Venturex is also exploring for gold in Brazil through its wholly owned subsidiary CMG Mineração Ltda.

Competency Statements

The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by Mr Michael Mulroney BAppSc(Geol), MBA, and Mr 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 2004 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.

Drill Hole Details

Prospect	Hole ID	Easting	Northing	RL	Depth (m)	Dip	Azimuth
**Sulphur Springs **	SSR001	728888	7659931	249	292	-550	193.50
	SSR002	728857	7259915	246	274	-640	1980
	SSR003	728773	7659879	252	280	-830	117.50
	SSR004	728856	7659916	246	274	-550	2050
	SSR005	728772	7659879	252	292	-770	2570
	SSR006	728773	7659880	252	298	-730	2380

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