DEVELOP GLOBAL LIMITED — Regulatory Filings 2016

Jul 6, 2016

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ASX Announcement
ASX Code: VXR
Released: 7 July 2016
For further details
John Nitschke
Managing Director
T: +61 8 6389 7400
admin@venturexresources.com
Board
Tony Kiernan
Chairman
John Nitschke
Managing Director
Anthony Reilly
Non-Executive Director
Darren Stralow
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
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VENTUREX EXPANDS LITHIUM EXPLORATION MOU WITH MACARTHUR MINERALS TO INCLUDE WHIM CREEK

Venturex Resources Limited (ASX: VXR) ("Venturex") is pleased to advise that it has agreed to expand the recently announced Memorandum of Understanding (“MOU”) with TSX‐V‐listed lithium‐focused explorer Macarthur Minerals Limited (TSX‐V: MMS; "Macarthur") to include the lithium rights on the Company’s Whim Creek tenements.

In addition, the time for completion of due diligence for the joint venture ( see ASX Announcement – 30 May 2016 ) has been extended from two months to four months.

As part of the due diligence process, Venturex identified that the ground abutting the main Sulphur Springs Mining Lease was vacant. This ground covers a continuation of the prospective Sulphur Springs stratigraphy and presents opportunities for repeats of Sulphur Springs‐style VMS mineralisation.

Accordingly, the Company has pegged a new exploration tenement over this area which has also been included in the MOU with Macarthur Minerals.

JOHN NITSCHKE Managing Director

For further information, please contact:

Investors

John Nitschke / Trevor Hart Venturex Resources Limited Ph: +61 (08) 6389 7400 Email: admin@venturexresources.com

Media:

Nicholas Read – Read Corporate Ph: (08) 9388 1474 Email: info@readcorporate.com.au

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with two advanced Copper Zinc Projects near Port Hedland in the Pilbara region of Western Australia. The two projects are the Sulphur Springs Project which includes the Sulphur Springs Project, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend and the Whim Creek Project which includes the Resources at the Whim Creek, Mons Cupri and Salt Creek mines together with the Evelyn project and 18,100 ha of prospective tenements over the Whim Creek basin. Our strategy is to work with our partners Blackrock Metals to expand and extend the existing 5 tonne per day oxide copper heap leach and SXEW operation at Whim Creek, identify other near term production options at Whim Creek, Mons Cupri and Sulphur Springs and fully optimise the Sulphur Springs Project have it shovel ready to take advantage of forecast improvements in base metal prices.

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About Macarthur Minerals Limited

Macarthur Minerals Limited (TSX-V- MMS) is an exploration and development company that is focused on identifying and developing high grade lithium and counter cyclical investments that complement Macarthur’s capabilities.

Disclaimer

This announcement does not constitute an offer to acquire or sell or a solicitation of an offer to sell or purchase any securities in any jurisdiction. In particular, this announcement does not constitute an offer, solicitation or sale to any U.S. person or in the United States or any state or jurisdiction in which such an offer, tender offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and neither such securities nor any interest or participation therein may not be offered, or sold, pledged or otherwise transferred, directly or indirectly, in the United States or to any U.S. person absent registration or an available exemption from, or a transaction not subject to, registration under the United States Securities Act of 1933.

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