DEVELOP GLOBAL LIMITED — Regulatory Filings 2016

Apr 20, 2016

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ASX Announcement
ASX Code: VXR
Released: 21 April 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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Stefan Gawlinski joins Venturex’s exploration team

Venturex Resources Limited (ASX: VXR) is pleased to announce that it has retained the services of highly experienced mining and exploration geologist and former senior Oxiana/MMG exploration executive, Stefan Gawlinski, to work with its exploration team.

Mr Gawlinski commenced as Senior Exploration Geologist at the Golden Grove Operations in the Yilgarn region in 1994 and, after a break, returned as Geology Manager in 2009.

Golden Grove is a classic Volcanogenic Massive Sulphide (VMS) system and, in his time there, Mr Gawlinski led the exploration teams that discovered the Hougoumont, Catalpa, Ethel, Xantho and Amity zones below the Gossan Hill deposit and Cervantes below the Scuddles deposit. These discoveries resulted in the total resource base at Golden Grove actually increasing over the 25 years that it has been in operation.

Most recently, Mr Gawlinski directed the highly successful exploration programs on the tenements to the south of Golden Grove that discovered the Gossan Valley, Felix and Flying Hi Resources.

Mr Gawlinski will join the existing Venturex exploration team of James Guy and Reg Beaton. Mr Guy has worked with Venturex over the past 18 months compiling and collating the extensive and diverse historical databases for both the Sulphur Springs and Whim Creek VMS projects, and has driven the revitalisation of the Company’s exploration program.

Mr Beaton was part of the Jabiru Metals team that applied a systematic exploration strategy which resulted in the discovery of the highgrade Bentley zinc-copper-gold-silver VMS resource, 5km south of the Jaguar mine.

Venturex’s Managing Director, Mr John Nitschke, said he was pleased to have been able to secure someone of Mr Gawlinski’s calibre to work with the Company’s in-house exploration team.

“This is a significant coup for Venturex, and we now have a team with extensive experience and exploration capability in VMS systems including a proven track record in discovering and proving up resources. I am sure that they will be successful in extending the already significant resource base of the two VMS provinces centred on our Sulphur Springs and Whim Creek Projects,” he said.

”Our immediate focus is on increasing the tonnage and/or grade of the existing sulphide resource inventory at Whim Creek, where we already have Measured, Indicated and Inferred Resources totalling 6.6 million tonnes grading 1.3% Cu, 2.1% Zn, 0.7% Pb, 26.3g/t Ag and 0.15g/t Au (refer ASX announcement – 8 October 2013).

“Whim Creek is a brownfields site with extensive infrastructure already in place which means that any exploration success will very quickly lead to production from sulphide resources.”

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“This would be in addition to the existing Blackrock Heap Leach SX/EW operation that is already treating heap leachable oxide and transition resources.”

JOHN NITSCHKE Managing Director

For further information, please contact:

Investors:

John Nitschke / Trevor Hart – Venturex Resources Limited on (08) 6389 7400 or email: admin@venturexresources.com

Media:

Nicholas Read – Read Corporate on (08) 9388 1474 or 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 Panorama Project which includes the Sulphur Springs and Kangaroos Caves Resources 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 restore the Sulphur Springs Project to shovel ready status, expand the Resources at Whim Creek and Mons Cupri and work with our partners Blackrock Metals to extend and expand the existing 5 tonne per day oxide copper heap leach and SXEW operation at Whim Creek.

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 Mr James Guy who is a Member of the Australasian Institute of Mining and Metallurgy. The information contained in this announcement was previously released in announcements “Company Resource and Reserve Statement – Revised” released 8 October 2013.

The Company confirms that:

• a. The form and context of the material in this presentation has not been materially modified from the above previous announcements;

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

• c. It is uncertain that following further exploration and evaluation that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC 2012 Code.

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