DEVELOP GLOBAL LIMITED — Capital/Financing Update 2013

Jan 10, 2013

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ASX Announcement
ASX Code: VXR
Released: 11 Jan 2013
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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VENTUREX APPOINTS OPTIMUM CAPITAL AS DEBT ADVISOR TO ARRANGE FUNDING FOR THE PILBARA CU-ZN PROJECT

Venturex Resources Limited (ASX: VXR) (“Venturex” or “the Company”) is proceeding to seek funding for the development of its 100% owned Pilbara Copper-Zinc Project (Project) in the north west of Western Australia.

Venturex is pleased to announce the appointment of Optimum Capital Pty Ltd (“Optimum”) as debt advisor to assist in the securing debt funding required for the construction and development of the Project.

Optimum is a specialist leading independent advisory house with considerable mining project finance experience. Optimum is led by John Fitzgerald and David Kelly who have extensive resource financing and operational experience and have previously held senior positions with several prominent financial institutions.

Michael Mulroney, Venturex Managing Director said:

“ Optimum has an enviable track record of securing debt funding for junior and mid-tier resource companies. We look forward to working closely with Optimum through the important project financing process for the Project.”

The Company recently completed the Definitive Feasibility Study (DFS) which confirmed a robust Project with an average payable metal production profile of 16,500tpa copper (Cu), 30,000tpa zinc (Zn) and 200,000ozs pa of silver (Ag) for at least 8.5 years. This defines the Pilbara Project as one of the largest emerging base and precious metals projects in Australia.

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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 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.