DEVELOP GLOBAL LIMITED — Regulatory Filings 2016

Nov 21, 2016

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New Massive Sulphide Intersection Extends Eastern Lode at Salt Creek

Highlights

• Copper and zinc-bearing massive sulphides intersected over a width of 5.6 metres from 449.7m down-hole in diamond drill-hole 16VSCD007.

• New intersection is 115m down-plunge of previous intersection (WSD130 10m at 6.6% Zn, 2.7% Cu, 58g/t Ag) – well outside current resource (1Mt at 7% Zn, 2% Cu, 2.1% Pb and 52g/t Ag).

• Thick zone of strong to intense chlorite alteration associated with stringer iron, zinc, copper and lead sulphide mineralisation also observed over a down-hole width of 73 metres.

• Coincidence of copper and zinc sulphides together with increasing width and intensity of alteration indicates the hole is closer to the mineralising event.

• Diamond drill-hole 16VSCD008 is targeting a down-hole transient electromagnetic (DHTEM) plate representing a potential extension to the copper lode at Salt Creek currently in progress.

Venturex Resources Limited ( A SX: VXR "Venturex" and the "Company") is pleased to advise that it has m ade a strong start to a recently commenced program of follow-up diamond drilling at its 100%-owned Whim Creek ZincCopper Project , with the first h o le intersecting massive sulphides down-plunge of existing drilling and well outside the current Salt Creek resource.

The Whim Creek Project, loc a ted 115km south-west of Port Hedland in Western Australia, includes the W him Creek, Mons Cupri, Salt Creek and Evelyn deposits plus 18,500 hectares o f tenements covering the highly prospective Whim Creek basin. Total JO R C Resources within the Whim Creek Project currently stand at 7.2Mt at 2.3 % Zn and 1.3% Cu.

Salt Creek Deposit – Diamond Drilling

Venturex has completed the fir s t hole of the current round of diamond drilling at the Salt Creek deposit (1Mt a t 7.0% Zn, 2.0% Cu, 2.1% Pb and 52g/t Ag) refer ASX release 30 September 201 3 . This round of drilling is testing targets that represent potential down-plunge extensions to the known high grade zinc and copper mineralisation.

These targets were identified fr o m processing an historical geophysical dataset of down-hole magneto-metric r esistivity (DHMMR) and DHTEM surveys from drill holes in the Salt Creek d e posit, combined with the development of an updated structural model.

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The first hole, 16VSCD007, w a s designed to test a DHMMR plate which r e presents a down-plunge extension of the high grade zinc-lead-silver eastern lode at Salt Creek. The p i erce point of this hole is shown in Figure 1 and details of the hole are provided in Table 1 .

Hole 16VSCD007 intersected c o pper and zinc-bearing massive sulphides over a down-hole width of 5.6 metres from 449.7m down-hole to 455.3m. This intersection is 115 metres down-plunge from the previous deepest intersection of massive sulphides in the high grade zinc-lead - silver eastern lode at Salt Creek and confirms the down-pl u nge extension of this lode.

The massive sulphide zone is h osted in volcaniclastic siltstones and is envel o ped in strong to intense chlorite alteration associated w ith stringer iron, zinc, copper and lead sulp h ide mineralisation. The chlorite alteration zone extends from 407 metres to 480 metres down-hole, a to t al down-hole width of 73 metres. The intensity and widt h of the alteration zone is much greater than seen in shallower holes and appears to be increasing with d e pth.

The hole finished at a down-hol e depth of 582.5 metres in siltstones.

The hole has been cased for fol l ow-up by down-hole geophysical surveys to id e ntify potential extensions to the massive mineralisation. C ore from the hole will be cut and dispatched for assaying this week, with results expected in four weeks.

Drilling of the next hole, 16VSCD008, has commenced. This hole is targeti n g a DHTEM plate which represents a potential down-pl u nge extension of the copper sulphide rich mas s ive sulphides observed in the central lode at Salt Creek, w hich is located 100 metres to the west of hole 1 6VSCD007. The planned pierce point of this hole are sho w n in Figure 1.

The deepest intersection in the c opper lode to date is hole WSD128, which inte r sected 22 metres of 3.4% copper from 410 metres downh o le.

This hole is expected to reach target depth later this week.

Management Comment

Venturex’s Managing Director, M r John Nitschke, said the new drill program wa s off to a strong start with the first hole confirming a significant down-plunge extension of the high-grade Eastern Lode at Salt Creek.

“This is a significant hole in a nu m ber of respects. Apart from demonstrating a s i gnificant extension of the massive sulphides in the Easte r n Lode, the hole has given us a much greater insight into the zonation, orientation and controls on the m ineralisation.

“This is the first time we have o bserved copper and zinc sulphides together at S alt Creek. The width and intensity of alteration around th e intersection is also much higher than observed in shallower holes.

“Both of these indicate that w e are potentially getting closer to the mineralisi n g event at Salt Creek. If confirmed by subsequent drillin g , this could be a very exciting development fo r Salt Creek, opening up a significant opportunity to further increase the resource inventory,” he added.

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Figure 1: Salt Creek Long Section

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Table 1 Drill Collar Table

Hole ID	MGA North	MGA East	RL	Azi	Dip	TD	Comment# 42.5m from mineralisat chalcopyrit Strong to in 0.5m from with chalco 4.1m from sulphide w and severa massive sph 1m from 45 with sphale 407.2m stringer ion of pyrite, e, sphalerite in siltstone. tense chlorite alteration. 449.7m massive sulphide pyrite. 450.2m pyritic massive ith traces of chalcopyrite l narrow bands of alerite. 4.3 of massive sulphide rite.
16VSCD007	7704643.1	5740 76.7	19.2	330	-70	582.5

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Hole ID	MGA North	MGA East	RL	Azi	Dip	TD	Comment# 24.7m from mineralisat chalcopyrit Strong to in 102.5m fro patchy seri stringer mi sphaleritea 455.3m stringer ion of pyrite, e, sphalerite in siltstone. tense chlorite alteration. m 480m siltstone with cite alteration and neralisation of pyrite, , ndgalena.
Note: Hole collar surveyed by DGPS . #Descriptions of sulphide minerals made by a comp etent person

JOHN NITSCHKE Managing Director

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For further information, please contact: Investors

John Nitschke / Trevor Hart Media: Venturex Resources Limited Nicholas Read – Read Corporate Ph: +61 (08) 6389 7400 Ph: (08) 9388 1474 Email: admin@venturexresources.com Email: info@readcorporate.com.au

About Venturex Resources Limited

Venturex Resources (ASX: VXR) is a rapidly growing Australian zinc company which is fo c used on the exploration and development of its two advanced zin c -copper projects located near Port Hedland in the pre m ier Pilbara mining province of Western Australia. After recently completing a $5 million capital raising, Venturex has embarked o n a major new drilling program aimed at further expanding its resou r ce inventory, which comprises more than 900,000t of contained zinc and 320,000t of contained copper.

Its initial exploration focus is on exten d ing the existing high-grade zinc, copper and lead resour c es at the Whim Creek Project, where it has identified a range of targ e ts adjacent to the Salt Creek and Mons Cupri deposits. Drilling commenced in late August and will continue through until the end of the year, generating strong ongoing news-flow. The su c cessful extension of the known Resources at Whim Creek will result i n a project that is compelling at spot prices. The existin g infrastructure at Whim Creek means that any such project could be p r oducing zinc, copper and lead concentrates during the firs t half of calendar 2018.

Venturex is continuing to progress pe r mitting and pre-development activities for its Sulphur S p rings Project, one of the most significant undeveloped zinc deposits i n Australia. On-going value engineering of the 2013 Feasibility Study has resulted in a potential low-risk copper-zinc project w ith attractive economics and a proposed low-CAPEX St a ge 1 development based on a near-surface high grade supergene cop p er zone.

Venturex also receives an ongoing income stream from a profit share in an SX/EW heap leach op e ration recovering copper from the heap leach dumps at Whim Creek . Venturex received $780,000 in FY2016 from 990,000t of copper metal production. This cash flow covers the bulk of the Company’s overheads and is expected to continue for the next 2- 3 years.

About Zinc

Zinc is a blue-grey metal which readil y forms alloys with metals including copper, aluminium a n d magnesium. Zinc is primarily used for its corrosion resistance in galvanising which accounts for approximately half of globa l zinc consumption. Galvanised materials (commonly iron and steel) a re used extensively in transport, construction and appl i ance manufacturing purposes. Metallic zinc is also used in dry cell batt e ries, die-casting, roof cladding and in the production of zi n c oxide.

Zinc demand is dominated by China at 6.9Mt or 49%. Global consumption is forecast to grow at a CAGR of 2% over 2016-2020, with the strongest demand growth co m ing from China at 2% and also the US and India. Followin g recent mine closures and this increasing demand growth, the curre n t zinc market is tight with declining global inventories a nd a supply deficit forecast in coming years. Zinc prices have respo n ded accordingly rallying above the top of the global mi n e cost curve. The concentrate market also reflects this supply tightne s s, with smelters materially discounting treatment charges.

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Competency Statements

The information in this announcement that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled or reviewed by M r James Guy who is a Member of the Australasian Institut e of Mining and Metallurgy. The information contained in this annou n cement was previously released in announcements “C o mpany Resource and Reserve Statement – Revised” released 8 Octob e r 2013.

The Company confirms that:

• a. The form and context of the ma t erial in this presentation has not been materially mod i fied from the above previous announcements;

• b. It is not aware of any new infor m ation or data that materially affects the information included in the 8 October 2013 announcement and that all materi a l assumptions and technical parameters underpinning the estimate in the 8 October 2013 announcement’s continue to apply a nd have not materially changed; and

• c. It is uncertain that following furth e r exploration and evaluation that the historical estimate s will be able to be reported as mineral resources or ore reserves i n accordance with the JORC 2012 Code.

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Notes relating to the Salt Creek Drilling

Section 1: Sampling Techniques and Data

(Criteria listed in the preceding section also apply to this section)

Criteria	JORC Code exp lanation		Com mentary
Sampling techniques	 Nature and quality of sampling (e.g. cut channels, standard measurement tools appropriate to the hole gamma sondes, or handheld XRF instrument as limiting the broad meaning of sampling.  Include reference to measures taken to ensure calibration of any measurement tools or systemsu  Aspects of the determination of mineralisation tha  In cases where ‘industry standard’ work has bee ‘reverse circulation drilling was used to obtain 1m produce a 30 g charge for fire assay’). In other ca as where there is coarse gold that has inherents mineralisation types (e.g. submarine nodules) may random chips, or specific specialised industry minerals under investigation, such as down s, etc.). These examples should not be taken sample representivity and the appropriate sed. t are Material to the Public Report. n done this would be relatively simple (e.g. samples from which 3 kg was pulverised to ses more explanation may be required, such ampling problems. Unusual commodities or warrant disclosure of detailed information.		Current Drilling  Diamond drilling was used to te was from surface.  The company used industry stan the drill core.  Half diamond core was submitte Historical Drilling Several generations of drilling haveb since the 1970s. The drilling resultsd drilling undertaken by Straits Resour 2010 - 2012 and reported under JOR Australian Stock Exchange during 20 Current Drilling  Diamond drilling at Salt Creek us surface using HQ. Core was chan competent. All NQ core was ori industry standard core trays lab interval. Historical Drilling WSC and SCR series drilling was und face Reverse circulation (RC) samplin was undertaken using NQ2 sized cor st the Salt Creek deposit. Diamond coring dard practices to measure and mark up d to the laboratory for analysis een undertaken on the Salt Creek Deposit etailed in this announcement were from ces 2005-2007 and Venturex Resources C 2004 reporting standard to the 10-2012. ed HQ and NQ core sizes. Coring was from ged to NQ when ground conditions were entated. All diamond core is stored in elled with the drill hole ID and core ertaken using an industry standard 5.5 inch g hammer. SCD and WSD series drilling e bit.
	 Drill type (e.g. core, reverse circulation, open-ho sonic, etc.) and details (e.g. core diameter, triple or sampling bit or other type, whether core is oriented le hammer, rotary air blast, auger, Bangka, standard tube, depth of diamond tails, face- and if so, by what method, etc.).

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Criteria	JORC Code exp lanation		Com mentary
Drill sample recovery	 Method of recording and assessing core and chips  Measures taken to maximise sample recovery and  Whether a relationship exists between sample re may have occurred due to preferential loss/gain of ample recoveries and results assessed. ensure representative nature of the samples. covery and grade and whether sample bias fine/coarse material.		Current Drilling  Diamond core recoveries were core vs the drilling interval. blocks by the drilling crew.  Diamond core was reconstru and metres checked against th drilling crew. Historical Drilling  SCR and WSC series drilling standards of the day. The loca or low recovery were record cyclone and splitter were ro drilling to ensure that excess ensure the split samples we detected or material bias or re  SCD series drilling:All operato a percentage of measured reco Recoveries were generally high in the oxide zone. Current Drilling Diamond drill core was geologically a graphic logging method. All corew the company database. Loggingr mineralogy, mineralization, structur using the company geological codi database. Historical Drilling SCR WSC Series:RC drill holes were standard logging legend. All holes we sample from the bulk sample bag. O chip trays for future reference. recorded as a percentage of the measured Core loss locations were recorded on core cted into continuous runs where possible e depth as recorded on core blocks by the :RC samples were collected to industry tions of intervals of damp or wet samples ed and entered into the database. The utinely inspected and cleaned during the ive material build up. Care was taken to re of a consistent volume. There is no lationships of sample recovery and grade. rs recorded diamond drill core recovery as vered cores versus drilled distance. except when cavities were encountered logged for the total length of the hole using as photographed and images are stored in outinely recorded weathering, lithology, e, alteration and veining. Logs were coded ng legend and entered into the company geological logged using a Company re logged at one metre interval taking a ne or two metre samples were stored in
Logging	 Whether core and chip samples have been geolog detail to support appropriate Mineral Resourcee studies.  Whether logging is qualitative or quantitative photography.  The total length and percentage of the relevant int ically and geotechnically logged to a level of stimation, mining studies and metallurgical in nature. Core (or costean, channel, etc.) ersections logged.

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Criteria JORC Code explanation Commentary
SCD and WSD Series : Diamond drill holes were geologically logged in their
entirety and photographed. Diamond drilling was logged for geotechnical
purposes. Logging was at an approp r iate detailed quantitative standard to
support future geological, resource, reserve estimations and
technical/economic studies. All drill core and chip trays are stored at the
companies Whim Creek facilities.
Sub-sampling  If core, whether cut or sawn and whether quarter, half or all core taken. Current Drilling
techniques and  If non-core, whether riffled, tube sampled, rotary s plit, etc. and whether sampled wet or dry. No sampling of drill core has been undertaken as yet. Information released is
sample  For all sample types, the nature, quality and a ppropriateness of the sample preparation based on visual observations of drill core.
technique.
preparation
 Quality control procedures adopted for all sub-s a mpling stages to maximise representivity of
samples. Historical Drilling
 Measures taken to ensure that the sampling is re p resentative of the in situ material collected,
including for instance results for field duplicate/se c ond-half sampling. SCD and WSC Series: Diamond core was sawn with a diamond saw and half
 Whether sample sizes are appropriate to the grain size of the material being sampled. core samples taken for assay.
 SCR and WSC Series : 1 metre RC samples were collected and split off the
drill rig using a cone splitter. A pproximately 90% of the samples were dry
in nature. The sampling tech n iques for collection of the sample to be
submitted to the assay facility f or both diamond drilling and RC drilling are
of consistent quality and a p propriate. During drilling and sampling
operations Venturex had on site, technically competent supervision and
procedures in place to ensur e sample preparation integrity and quality.
Some field duplicates were taken for RC drilling but not for diamond
drilled samples. The sample s izes are considered appropriate given the
relatively fine grained nature o f the sulphide mineralisation which is not
nuggetty in nature, the sam p ling methodology and the percent assay
value ranges involved.
Quality of assay  The nature, quality and appropriateness of the a s saying and laboratory procedures used and Current Drilling
data and whether the technique is considered partial or tot a l. No assay results are being reported.
laboratory tests  For geophysical tools, spectrometers, handheld X R F instruments, etc., the parameters used in
determining the analysis including instrument m ake and model, reading times, calibrations
factors applied and their derivation, etc. Historical Drilling
 Nature of quality control procedures adopted ( e.g. standards, blanks, duplicates, external For the majority of both diamond a n d RC drilling Venturex has used Ultratrace
laboratory checks) and whether acceptable level s of accuracy (i.e. lack of bias) and precision
Laboratories Pty Ltd (ALS). ALS has b een used for the analysis of one batch of
have been established.
samples. Analytical techniques involve either a three or a four acid digest with
a multielement suite. SCR Series: Ul t ratrace analysed elements Ag, Cu, Cr, Pb,
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Criteria	JORC Code exp lanation		Com mentary
			Zn. As, Pb by ICPMS. Cu, Zn, Cr by IC analysed Ag, Au, Cu, Pb, Zn. Au by Fi four acid digestion ICPES. SCD Series analysed Au, Pt, Pd, Ag, Pb, Cu, Cr, In Pb, In by ICP103, and Cu, Cr, Zn by IC Laboratories Perth, elements analyse Cu, Fe, K, Mg, Mn, Mo, Na, Ni, P, Pb, assay(Method AA25) and AAS. The r MEICP61). An ore grade method (OG intervals. Elements were Ag, As, Cd, analysis are considered to provide to used to determine any element conc submitted by the company. Only lab standards were inserted for QA/QCc work indicate no material bias to ass Current Drilling No drill hole intersections are being No twinned holes have been drilled. Visual estimates of chalcopyrite, sp geologist with more than 30 years ex Geological descriptions are recorde for digital data capture. Historical Drilling The drill intersections reported in results previously reported in the co ASX. No specific twinned holes have standard Excel templates on ad computer. The data were sentt compilation into an SQL database b copies are stored offsite. Full datab has been completed bythe company POES. ALS Laboratories Perth - elements re assay with an AAS finish. Ag, Cu, Pb, Zn : ALS Laboratories Perth - elements , Zn. Au, Pt, Pd by fire assay AAS finish. Ag, P 104. WSC and WSD series: ALS d Au, Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, S, Sb, Sr Ti, V, W ,Zn. Au was by fire est were analysed by ICPAES (Method 62) was used on the known mineralised Cu, Fe, Mg, Pb, S, Zn. All methods of tal assay values. No geophysical tools were entrations reported. Field duplicates were oratory inserted blanks and reference hecks. The available results of this QA/QC ay results used by this report. reported. halerite and galena have been made by a perience. d in long hand prior to being summarised this announcement are based on the the mpany’s June 2010 announcements to the been drilled. Data recording used a set of ata logger and uploaded to note book o the Perth office for verification and y the in-house database administrator. Full ase verification of all historical information .
Verification of sampling and assaying	 The verification of significant intersections bye personnel.  The use of twinned holes.  Documentation of primary data, data entryp (physical and electronic) protocols.  Discuss any adjustment to assay data. ither independent or alternative company rocedures, data verification, data storage

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Criteria JORC Code explanation Commentary
Location of data  Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), Current Drilling
points trenches, mine workings and other locations used i n Mineral Resource estimation.
 Specification of the grid system used.  Drill hole collar were located using a DGPS operated by company personnel
 Quality and adequacy of topographic control. by the company.
 Diamond drill holes were down h ole surveyed by a single shot camera every
30m.
Historical Drilling
 Drill hole collars were surveyed b y a DGPS.
 Holes were downhole survey e d by single shot Eastman camera and
downhole gyroscopic surveys.
 Detailed surface control has bee n established by photogrammetery.
Data spacing and  Data spacing for reporting of Exploration Results. Current Drilling
distribution  Whether the data spacing and distribution is suffi c ient to establish the degree of geological and Hole 16VSCD007 was drilled to test a poorly resolved DHMMR conductor down
grade continuity appropriate for the Mineral Reso u rce and Ore Reserve estimation procedure(s)
plunge from the existing resource o u tline.
and classifications applied.
 Whether sample compositing has been applied. Further drilling will be required b e fore there is sufficient confidence in the
geology and grade continuity for t he mineralisation can be included in the
resource calculation.
Historical Drilling
Diamond and Reverse Circulation drill spacing at the Salt Creek deposit ranges
from 20m to 100m spacing.
Orientation of  Whether the orientation of sampling achieves un b iased sampling of possible structures and the Current and Historical Drilling
data in relation to extent to which this is known, considering the dep o sit type. The majority of the drilling at Salt C reek is inclined to the north-west which is
geological structure  If the relationship between the drilling orientastructures is considered to have introduced a ts ion and the orientation of key mineralised ampling bias, this should be assessed and considered appropriate for the geo m etry of the deposit.
reported if material.
Sample security  The measures taken to ensure sample security. Drill core is stored at the secure Venturex Whim Creek yard. The samples are
collected from site by a transport c o mpany and delivered to the assay
laboratory in Perth. Online tracking i s utilised to track the progress of batches
of samples.
Audits or reviews  The results of any audits or reviews of sampling te c hniques and data.  No reviews have been undertak e n
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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	 Type, reference name/number, location an material issues with third parties such as royalties, native title interests, historicals environmental settings.  The security of the tenure held at the tim impediments to obtaining a licence to operate d ownership including agreements or joint ventures, partnerships, overriding ites, wilderness or national park and e of reporting along with any known in the area.	The Salt Creek deposit is located wi tenements are Venturex Pilbara Pty Resources Ltd The tenement is within land wher traditional owners of the land are tenement predates native title, and There is a 2.5% NSR royalty payable tenement. The tenements are granted MiningL impediments exist. thin M47/233 the registered owner of the Ltd, a wholly owned subsidiary of Venturex e native title has been determined. The the Ngarluma People. The grant of the is not subject to native title claim. to a third party on any production from the ease in good standing and no known
Exploration done by other parties	 Acknowledgment and appraisal of exploration by other parties.	Previous exploration has been unde over 30 years. Modern explorationh Pty Ltd, Aberfoyle Limited, Elf Aquit Ltd. rtaken by a number of parties going back as been undertaken by Texasgulf Australia aine Australia Pty Ltd and Straits Resources
Geology	 Deposit type, geological setting and style ofm ineralisation.	The Salt Creek deposit is a Volcanoge nic Massive Sulphide Deposit.
Drill hole Information	 A summary of all information material to the including a tabulation of the following informati  easting and northing of the drill hole collar  elevation or RL (Reduced Level – elevationa collar  dip and azimuth of the hole  down hole length and interception depth  hole length.  If the exclusion of this information is justified Material and this exclusion does not detractf Competent Person should clearly explain why understanding of the exploration results on for all Material drill holes: bove sea level in metres) of the drill hole on the basis that the information is not rom the understanding of the report, the this is the case.	Details of the drill holes are provided Results reported in this release r specifically the identification ofc sphalerite and galena. No estimate provided. in table 1 within the body of this report elate to visual observations of drill core ommon sulphide minerals, chalcopyrite, of grade or concentration of the minerals is
Data aggregation methods	 In reporting Exploration Results, weighting minimum grade truncations (e.g. cutting of hig Material and should be stated.  Where aggregate intercepts incorporate short lengths of low grade results, the procedure us and some typical examples of such aggregatio  The assumptions used for any reporting ofm stated. averaging techniques, maximum and/or h grades) and cut-off grades are usually lengths of high grade results and longer ed for such aggregation should be stated ns should be shown in detail. etal equivalent values should be clearly

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Criteria	JORC Code explanation	Commentary
Relationship between mineralisation widths and intercept lengths	 These relationships are particularly importanti  If the geometry of the mineralisation with res nature should be reported.  If it is not known and only the down hole leng statement to this effect(e.g. ‘down hole length n the reporting of Exploration Results. pect to the drill hole angle is known, its ths are reported, there should be a clear _, true width not known’). _	The Salt Creek deposit is steeply dip degrees to intersect the mineralisati Only down hole intersections are rep ping; the drill holes are all inclined 60 to 70 on. orted.
Diagrams	 Appropriate maps and sections (with scales) included for any significant discovery being re limited to a plan view of drill hole collar location and tabulations of intercepts should be ported These should include, but not be s and appropriate sectional views.	A long section of the Salt Creek depo announcement which shows the spa the mineralisation. sit is presented as Figure 1 in this tial relationship of the current drilling to
Balanced reporting	 Where comprehensive reporting of allE representative reporting of both low and high to avoid misleading reporting of Exploration Re xploration Results is not practicable, grades and/or widths should be practiced sults.	Only visual results of hole 16VSCD00 the hole will be reported once receiv 7 are being reported. Analytical results for ed from the laboratory.
Other substantive exploration data	 Other exploration data, if meaningful and mate limited to): geological observations; geophys results; bulk samples – size and method of density, groundwater, geotechnical and rock contaminating substances. rial, should be reported including (but not ical survey results; geochemical survey treatment; metallurgical test results; bulk characteristics; potential deleterious or	The Salt Creek deposit has had a including geophysical studies, metal water studies. Previous drilling on the deposit has 2012 compliant resource on th 1,003,000tonnes grading 2.0% Cu,7 refer ASX announcement 30 Septem Following completion of the hole th order to undertake downhole geop current program. Once the data anticipated further drilling will be un undertake further drill testing of dee current limit of drilling. significant body of work completed on it, lurgical test work geotechnical and ground allowed the company to calculate a JORC e deposit. The resource stated is .0% Zn,2.1% Pb,52.0g/t Ag, and 0.3g/t Au ber 2013. e company has cased the hole with PVC in hysical surveys at the completion of the has been processed and interpreted, it is dertaken. The Company is also planning to p, downhole geophysical targets below the
Further work	 The nature and scale of planned further work extensions or large-scale step-out drilling).  Diagrams clearly highlighting the areas ofp geological interpretations and future drilling commercially sensitive (e.g. tests for lateral extensions or depth ossible extensions, including the main areas, provided this information is not

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