DEVELOP GLOBAL LIMITED — Regulatory Filings 2015

Jun 30, 2015

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ASX Announcement
ASX Code: VXR
Released: 1 July 2015
For further details
Trevor Hart
Company Secretary/CFO
T: +61 8 6389 7400
Trevor.hart@venturexresources.com
Board
Tony Kiernan
Chairman
John Nitschke
Non-Executive Director
Ray Parry
Non-Executive Director
Trevor Hart
Company Secretary/CFO
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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CASH INFLOWS

Venturex Resources Limited (“Venturex”) is pleased to announce that, as per the announcement dated the 8 May 2015 “SALE OF TENEMENT”, Venturex has received the payment of $400,000 from Forge Resources Swan Pty Ltd.

In addition to the above cash receipt, Venturex advises that it has received a Net Profit Interest payment of $48,000 from Blackrock Metals Pty Ltd (“Blackrock”) for the period ending 31 December 2014 pursuant to the agreement with Blackrock announced on 5 March 2014.

Under this agreement, Venturex granted Blackrock access rights to the existing Whim Creek oxide copper processing site to refurbish an existing five tonne per day SX-EW treatment facility and reprocess the existing heap leach pads to recover copper metal. In return Blackrock is required to pay Venturex a 15% Net Profit Interest.

Blackrock have successfully recommissioned the treatment facility and, having repaid the cost of refurbishment from operating profits, are now required to pay the Net Profit Interest to Venturex going forward. Blackrock advised that as at 31 December 2014 the operation had produced approximately 580 tons of copper cathode.

TREVOR HART Company Secretary/CFO

or further information, please contact:

John Nitschke / Trevor Hart – Venturex Resources Limited on (08) 6389 7400

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.