DEVELOP GLOBAL LIMITED — Regulatory Filings 2012

Mar 18, 2012

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PILBARA CU-ZN PROJECT FEASIBILITY STUDY UPDATE

Venturex Resources Limited (Company) is pleased to provide an update on the progress of the Feasibility Study for the Pilbara Copper-Zinc Project located in the Pilbara region of Western Australia.

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ASX Announcement ASX Code: VXR Released: 19 March 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

Figure 1: Pilbara Copper-Zinc Project – Key Locations

John Nitschke Non-Executive Director

The Study is focused on the development of two mining operations: simple open pit mining at Whim Creek and a high productivity underground mine at Sulphur Springs feeding a centralised processing facility located on the existing Whim Creek mine site.

The processing facility is being scaled to handle the annual combined production rate of 1.3 – 1.5 Mtpa from the two mining centres for the annual metal production (in concentrates) of approximately 20,000 tonnes of copper, 40,000 tonnes of zinc and 700,000 ounces of silver over an initial mine life of 9 years.

The rapid growth in the Sulphur Springs underground mine ore reserves identified during the Study has necessitated reappraisal of the proposed Project development plan. Consequently, the Company has commenced evaluation of transferring the location of proposed processing hub to the Sulphur Springs site as a parallel part of the current Study.

Anthony Reilly Executive Director

Liza Carpene Company Secretary

Contact Details

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

T: +61 8 6389 7400 F: +61 8 9463 7836 admin@venturexresources.com www.venturexresources.com

ABN: 28 122 180 205

The potential relocation of the processing hub would align the Project development with the Company’s largest mining reserve base and offers further growth potential for the Sulphur Springs ore reserve together with potential significant operating cost benefits (particularly ore haulage) and minimal impacts on anticipated capital costs.

Discussions with relevant authorities including DMP, EPA, DEC and DoW are continuing regarding environmental assessment processes and related technical issues. Stakeholder consultation is proceeding with a range of local government and other bodies in the Pilbara Region.

This addition to the scope of the Study, combined with ongoing metallurgical test work required to finalise concentrate specifications, mine plans and detailed engineering designs, has resulted in the completion date of the Study being extended to the end of the September quarter 2012.

For further information, please refer to the presentation released today which is being delivered tomorrow at the Mines and Money Conference in Hong Kong.

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 Whim Creek as a centralised processing hub. Venturex is also exploring for gold in Brazil through its wholly owned subsidiary CMG Mineração Ltda.

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