DEVELOP GLOBAL LIMITED — Capital/Financing Update 2013

Aug 7, 2013

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ASX Announcement
ASX Code: VXR
Released: 8 August 2013
For further details
Michael Mulroney
Managing Director
T: +61 8 6389 7400
michael.mulroney@venturexresources.com
Board
Tony Kiernan
Chairman
Michael Mulroney
Managing Director
Ray Parry
Non-Executive Director
John Nitschke
Non-Executive Director
Trevor Hart
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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VENTUREX BOOSTS CASH RESOURCES BY $1.7M AFTER PERFORMANCE BOND RETIREMENT

• Venturex opts into new Mining Rehabilitation Fund releasing Performance Bonds

• $1.69 million bank security deposit released

• Cash resources increase to $4.3 million

Venturex Resources Limited (ASX: VXR) (“Company”) wishes to advise that the Company has voluntarily “opted in” to the State Government’s new Mining Rehabilitation Fund allowing the retirement of Environmental Performance Bonds covering the Company’s tenements at Whim Creek in the Pilbara region of Western Australia.

This has resulted in the release of a $1.69 million bank-held security deposit and increasing the Company’s net cash reserves to approximately $4.3 million.

The funds will be used in advancing the Company’s active exploration program in the Pilbara at the Sulphur Springs and Whim Creek project areas.

Preparation for a 3 hole diamond drilling program at the new Midway prospect, located between the Sulphur Springs and Kangaroo Caves resource areas, is underway. This drilling, which will be co-funded under the WA Government Exploration Incentive Scheme program, is anticipated to begin in late September or early October 2013.

Discussions are continuing with respect to the potential disposal of selected non-core assets to further strengthen the Company’s financial position in this challenging market.

MICHAEL MULRONEY Managing Director

For further information, please contact:

Michael Mulroney / Trevor Hart – 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 significant portfolio of VMS projects in the Western Pilbara. Venturex owns or controls significant resources of copper, zinc, lead, silver and gold at Sulphur Springs, Kangaroo ‐ Caves, Whim Creek, Mons Cupri, Salt Creek and Liberty Indee. 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.