DEVELOP GLOBAL LIMITED — Regulatory Filings 2015

May 7, 2015

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ASX Announcement
ASX Code: VXR
Released: 08 May 2015
For further details
Trevor Hart
Company Secretary/CFO
T: +61 8 6389 7400
Trevor.harty@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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SALE OF TENEMENT

The Company is pleased to announce that it has agreed to sell a package of non-core exploration tenements for a cash consideration of A$400,000.

Venturex Resources Limited has reached an agreement with Forge Resource Swan Pty Ltd as managers of the Balla Balla Joint Venture, to sell a non-core Exploration Tenement E47/924, within the Salt Creek Tenement package. The Salt Creek region consists of an underexplored 12 kilometre belt covering two known areas of mineralisation (Salt Creek, Balla Balla) and a number of prospects including ACL, West Balla Balla, and East Balla Balla. The ability to explore and exploit any resources on our remaining tenement in this area is not affected by the sale of this tenement (E47/924).

The proposed transaction is consistent with the company’s policy of divestment of non-core assets which will allow the Company to focus on exploring and developing its extensive copper-zinc assets in the Pilbara region, while providing additional funding to drive these programs through 2015.

The sale will boost Venturex’s cash position to over $1.3 million, which ensures the Company is funded for its 2015 exploration programs and options to enhance/commercialise the Pilbara Copper-Zinc Project.

Settlement is expected within 30 days of the execution of the Agreement, with the sale being unconditional.

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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.