DEVELOP GLOBAL LIMITED — Regulatory Filings 2018

Oct 30, 2018

Appendix 5B

Mining Exploration Entity and Oil and Gas Exploration Entity Quarterly Report

Rule 5.5

Appendix 5B – 1st Quarter 2018/2019

Mining Exploration Entity Quarterly Report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of Entity:

Venturex Resources Limited (ASX Code: VXR)

	ABN: 28 122 180 205	ABN: 28 122 180 205		Quarter Ended ('Current Quarter') 30 September 2018	Quarter Ended ('Current Quarter') 30 September 2018
				30 September 2018
	Consolidated Statement of Cash Flows			Current Quarter $A’000	Year to Date (3 months) $A’000
	1. 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8	Cash Flows from Operating Activities Receipts from customers Payments for: (a) exploration and evaluation (b) development (c) production (d) staff costs (e) administration and corporate Dividends received (see note 3) Interest received Interest and other costs of finance paid Income taxes paid Research and development refunds Other – Whim Creek NPI Other – Increasein BankGuarantee		935 (1,757) - - (228) (180) - 4 - - - - -	935 (1,757) - - (228) (180) - 4 - - - - -
	1.9	Net Cash from (used in) Operating Activities		(1,226)	(1,226)
	2. 2.1 2.2 2.3 2.4 2.5	Cash Flows from Investing Activities Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets Proceeds from the disposal of: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets Cash flows from loans to other entities Dividends received (see note 3) Other		(1,114) - - - - - - - - - -	(1,114) - - - - - - - - - -
	2.6	Net cash from / (used in) Investing Activities		(1,114)	(1,114)

Venturex Resources Limited has five controlled entities incorporated in Australia, (Venturex Pilbara Pty Ltd, Venturex Sulphur Springs Pty Ltd, Jutt Resources Pty Ltd, Juranium Pty Ltd and CMG Gold Ltd). The Consolidated Statement of Cash Flows covers Venturex Resources Limited and its controlled entities.

• See chapter 19 for defined terms. 01/09/2016

Appendix 5B Page 1 of 4

Appendix 5B Mining Exploration Entity and Oil and Gas Exploration Entity Quarterly Report

		Current Quarter $A’000	Year to Date (3 months) $A’000
3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9	Cash Flows from Financing Activities Proceeds from issues of shares Proceeds from issue of convertible notes Proceeds from exercise of share options Transaction costs related to issues of shares, convertible notes or options Proceeds from borrowings Repayment of borrowings Transaction costs related to loans and borrowings Dividends paid Other	- - - - 2,000 - - - -	- - - - 2,000 - - - -
3.10	Net cash from (used in) Financing Activities	2,000	2,000
4. 4.1 4.2 4.3 4.4 4.5	Net Increase / (Decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.9 above) Net cash from / (used in) investing activities (item 2.6 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held	2,622 (1,226) (1,114) 2,000 -	2,622 (1,226) (1,114) 2,000 -
4.6	Cash and Cash Equivalents at end of period(1)	2,282	2,282
5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the relateditemsinthe account.	Current Quarter $A’000	Previous Quarter $A’000
5.1 5.2 5.3 5.4	Bank balances Call deposits Bank overdrafts Other (provide details)	29 2,253 - -	13 2,609 - -
5.5	Cash and cash equivalents at End of Quarter(should equal item 4.6 above) (1)	2,282	2,622

~~(1)~~ At 30 September 2018 Venturex Resources Ltd had $30k utilised to cash back guarantees that do not appear in the cash flow.

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• See chapter 19 for defined terms. 01/09/2016

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Appendix 5B Mining Exploration Entity and Oil and Gas Exploration Entity Quarterly Report

6. Payments to directors of the Entity and their associates 6.1 Aggregate amount of payments to these parties included in item 1.2 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3	Current Quarter $A’000
	145 -

• Include below any explanation necessary to understand the transactions included in items

• 6.3 6.1 and item 6.2

Item 6.1 includes aggregate salaries, directors’ fees, corporate advisory & consulting fees at normal commercial rates

7. Payments to related entities of the entity and their associates 7.1 Aggregate amount of payments to these parties included in item 1.2 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3	Current Quarter $A’000
	- -

• 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and item 7.2

8. Financing Facilities Available Add notes as necessary for an understanding of the position. 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify)	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
	2,000 - -	2,000 - -

• 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.

On 12 September 2018 Northern Star Ltd (major shareholder), advanced an unsecured loan of $2,000,000 to Venturex Resources Ltd, on a 12-month term, with an interest rate of 8% per annum.

• See chapter 19 for defined terms. 01/09/2016

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Appendix 5B Mining Exploration Entity and Oil and Gas Exploration Entity Quarterly Report

9. Estimated Cash Outflows for Next Quarter	$A’000
9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other (provide details if material) 9.7 Total estimated cash outflows	900 - - 230 200 -
	1,330

10. Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement Reference **and location **	Nature of Interest	Interest at Beginning **of Quarter **	Interest at End of **Quarter **
10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
10.2 Interests in mining tenements and petroleum tenements acquired or increased

Compliance Statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

_____ Company Secretary Trevor Hart

Date: 31 October 2018

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

• 2 If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

• 3 Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

• See chapter 19 for defined terms. 01/09/2016

Appendix 5B Page 4 of 4