DEVELOP GLOBAL LIMITED — Capital/Financing Update 2014

Mar 4, 2014

==> picture [256 x 86] intentionally omitted <==

==> picture [150 x 742] intentionally omitted <==

----- Start of picture text -----

ASX Announcement
ASX Code: VXR
Released: 5 March 2014
For further details
Trevor Hart
Company Secretary
T: +61 8 6389 7400
Trevor.hart@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
----- End of picture text -----

WHIM CREEK COPPER PROCESSING AGREEMENT

• Agreement With Private Operator for the retreatment of the Whim Creek Oxide Copper heap leach pads

• Venturex to retain 15% Net Profit Interest on copper production

• Copper processing and production commenced

Venturex Resources Limited (“Venturex” or “the Company”) (ASX: VXR) is pleased to announce the Company has entered into an agreement with a private company Blackrock Metals Pty Ltd (“Blackrock”) for the reprocessing of the existing Whim Creek oxide copper heap leach pads previously constructed by Straits Resources Limited at the Whim Creek site in the Pilbara region of Western Australia.

The Whim Creek operation is located approximately 120 kilometres southwest of Port Hedland on the North West Coastal Highway.

Under the agreement, Venturex has granted Blackrock access rights to the existing Whim Creek oxide copper processing site for the purpose of reprocessing the existing heap leach pads to recover copper metal through a refurbished five tonne per day SX-EW treatment facility.

Venturex will hold a 15% Net Profit Interest in the reprocessing operation which will contribute to the ongoing environmental and administration costs of the overall Whim Creek mine site.

==> picture [189 x 142] intentionally omitted <==

Blackrock have advised that the treatment facility has been successfully recommissioned and first copper cathode production is anticipated within the next week.

Venturex Managing Director Michael Mulroney said: “ This agreement with an experienced SX-EW operator in Blackrock Metals will provide ongoing benefits for all parties involved. We anticipate that the recommencement of processing operations by Blackrock will not only provide a significant financial contribution to management of the overall Whim Creek mine site, but also provide a platform to assess other oxide copper opportunities within the Whim Creek area in the future.”

“This continues the Company’s strategy of commercialising non-core assets to allow the Company to focus on exploring and developing our extensive copper-zinc assets in the Pilbara region through 2014.”

==> picture [123 x 56] intentionally omitted <==

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.

2