DEVELOP GLOBAL LIMITED — Regulatory Filings 2014

Mar 12, 2014

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MINING PROPOSAL APPROVED FOR PILBARA COPPER-ZINC PROJECT

Highlights

• Sulphur Springs Mining Proposal approval received from WA Department of Mines and Petroleum

• Key government approvals now in place

• Focus now on Project development strategy

Australian copper-zinc resources company, Venturex Resources Limited (“Venturex” or “the Company”) (ASX: VXR) is pleased to advise that the Mining Proposal for the development of the Pilbara Copper-Zinc Project at the Sulphur Springs site has been approved by the WA Department of Mines and Petroleum.

The granting of the Mining Proposal represents the final core government approval for the Pilbara Copper-Zinc Project, which is located in the western Pilbara region of Western Australia (Figures1&2).

The Mining Proposal, together with the Clearing Permit approval, the approval granted under the Federal Government’s Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) and the existing Mining Agreement with the traditional owners, are the key major approvals required for the ongoing development and implementation plan for the Project.

Commenting on the receipt of these key approvals, Venturex Managing Director Michael Mulroney said:

“The successful securing of these key approvals for the Sulphur Springs site is a significant milestone for both the development of the Project and the future of the Company. It’s a credit to the efforts of our Project group and the relevant Government authorities that the permitting process has occurred in a timely fashion.

“We have long identified permitting as one of the key determinants to the successful, and timely, development of the Project which is why the Company has, and will continue to, invest considerable time and resources in our relationships with all stakeholders involved with the Project.

“Our focus is now on advancing the Project’s development options as part of the Company’s drive to commercialise our extensive copper-zinc assets in the Pilbara region through 2014.”

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----- Start of picture text ----- ASX AnnouncementASX Code: VXRReleased: 13 March 2014For further detailsTrevor HartCompany SecretaryT: +61 8 6389 7400Trevor.hart@venturexresources.comBoardTony KiernanChairmanMichael MulroneyManaging DirectorRay ParryNon-Executive DirectorJohn NitschkeNon-Executive DirectorTrevor HartCompany SecretaryContact DetailsRegistered OfficeLevel 291 Havelock StreetWest Perth WA 6005T: +61 8 6389 7400F: +61 8 9463 7836admin@venturexresources.comwww.venturexresources.comABN: 28 122 180 205----- End of picture text -----

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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 a diversified exploration and development company with a significant portfolio of VMS projects in the Western Pilbara region of Western Australia. 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 (Table 1). The Company successfully completed a Feasibility Study in December 2012 as part of its strategy of consolidating VMS projects in the Western Pilbara and developing a centralised processing hub at the Sulphur Springs site, 120 kilometres south east of Port Hedland.

Venturex is also exploring for large scale gold deposits in Brazil through its wholly owned subsidiary CMG Mineração Ltda.

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Figure 1 – Project Location

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Figure 2 – Proposed Sulphur Springs Plant Site Layout (Underground Mine Portal in centre left)

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		PROJECT MINERAL RESOURCES1	PROJECT MINERAL RESOURCES1	PROJECT MINERAL RESOURCES1	PROJECT MINERAL RESOURCES1	PROJECT MINERAL RESOURCES1
		JORC	Tonnes
Location		Classification	('000t)	Cu %	Zn %	Pb %	Ag g/t	Au g/t
		Indicated	967	1.43	1.19	0.19	8.8	0.07
Whim Creek		Inferred	4	0.49	2.34	0.57	13.9	0.06
		Total	972	1.43	1.19	0.19	8.8	0.07
		Measured	1,273	1.47	1.70	0.75	41.1	0.28
		Indicated	3,286	0.71	1.11	0.43	17.7	0.08
Mons Cupri
		Inferred	48	0.68	0.55	0.12	9.0	0.02
		Total	4,607	0.92	1.27	0.52	24.1	0.14
	Zn	Indicated	475	0.18	14.05	4.42	107.1	0.49
		Indicated	423	3.66	0.89	0.13	2.7	0.13
Salt Creek	Cu
		Inferred	105	3.54	0.06	0.01	1.58	0.03
	Zn/Cu	Total	1,003	2.00	7.03	2.15	52.0	0.29
		Indicated	453	2.20	4.50	0.40	42.0	0.92
Liberty-Indee JV		Inferred	204	1.00	1.80	0.20	22.4	0.44
		Total	657	1.83	3.66	0.34	35.9	0.77
		Indicated	8,300	1.95	5.47	0.27	22.3
Sulphur Springs		Inferred	4,531	0.67	1.49	0.08	8.9
		Total	12,831	1.50	4.06	0.20	17.6
		Indicated	4,300	0.60	3.40		14.0
Kangaroo Caves2		Inferred	2,000	0.30	3.30		8.0
		Total	6,300	0.50	3.37	0.00	12.1
		Measured	1,273	1.47	1.70	0.75	41.1	0.28
		Indicated	18,205	1.38	4.06	0.34	21.0	0.06
All Locations		Inferred	6,892	0.62	1.99	0.06	8.9	0.01
		Total Sulphide
			26,370	1.18	3.41	0.29	18.9	0.06
		Resources

Table 1 – Project Resources and Ore Reserves at 30 September 2013

1 For full details of the Resource Estimates under JORC 2012, please refer to the ASX announcement dated 8 October 2013

2 Completed by Sipa Resources/CBH Resources in Sep 2007

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