DEVELOP GLOBAL LIMITED — Capital/Financing Update 2019

Apr 30, 2019

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ASX/Media Release 1 May 2019

VENTUREX CONFIRMS PRIORITY “NEAR-MINE” VMS TARGETS AHEAD OF IMPENDING DRILL PROGRAM

Key targets confirmed along highly prospective 27km long Panorama VMS Trend

HIGHLIGHTS

• Outstanding results returned from recent rock-chip sampling at the Breakers Prospect and HEM anomalies XA_10 and XA_11, confirming high-priority VMS targets: o Cuprite-malachite gossan at Breakers returns exceptional values of up to 36.7% Cu; and o Strong multi-element geochemical anomaly identified at EM anomalies XA_10 & XA_11.

• 2019 exploration program ramping up, aimed at unlocking the potential of the Panorama VMS Trend and making new discoveries in close proximity to the Sulphur Springs Project.

• Upcoming exploration activities outlined in attached presentation.

Venturex Resources Limited (ASX: VXR; “Venturex” or “the Company”) is pleased to advise that its 2019 exploration field season is ramping up at the 100%-owned Sulphur Springs Copper-Zinc Project in Western Australia Pilbara, with a focus on unlocking potential new discoveries along the prospective VMS corridor known as the “Panorama Trend”.

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EM TARGETS
XA_10 & XA_11
BREAKERS
PROSPECT
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Rock-chip assay results received from the Breakers Prospect, along with re-processing of data from HEM geophysical anomalies XA_10 and XA_11, generated by a helicopter-borne airborne EM survey last year, (see ASX releases dated 27 November 2017 and 10 April 2019) have confirmed these as high-priority VMS targets (see Figure 1).

Samples collected by the Company’s geology team at the Breakers Prospect, located approximately 15km south of Sulphur Springs, have confirmed and expanded the size of a historically sampled copper-rich gossan. Cuprite-malachite gossanous samples from the program returned exceptional values of up to 36.7% Cu, 0.42% Zn, 0.19% Pb and 124ppm Ag (Figure 2).

Importantly, these assays also returned anomalous levels of VMS pathfinder elements such as arsenic, antinomy, bismuth, cadmium, cobalt, indium and thallium.

Historical drilling beneath the high-grade copper gossan at the prospect successfully intersected several zones of zinc-rich massive sulphide mineralisation, but failed to intersect any significant zones of copper mineralisation. A recent structural interpretation of the prospect has identified the potential for a steeplyplunging mineralisation system, with the interpreted down-plunge continuation of the copper-gossan currently un-tested with drilling.

Figure 1: Sulphur Springs Project – overview of exploration activities.

Venturex Resources Limited

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The improved geological model has considerably enhanced the Company’s understanding of the geological setting at the Breakers Prospect and may provide vectors to additional zones of sulphide mineralisation in upcoming drilling.

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Figure 2: Breakers surface geochemical map with location of recently sampled copper-rich gossan.

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Figure 3: Surface exposure of Breakers cuprite-malachite gossan (location of sample P323665).

Recent re-processing and re-interpretation of the Sulphur Springs 2017 HEM data has also identified EM anomalies XA_10 and XA_11 as being potential Sulphur Springs look-a-like targets in an area of the project that has seen very little previous exploration work.

Venturex Resources Limited

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Geological mapping completed as part of the current program at the EM anomalies confirms the occurrence of the Sulphur Springs Marker Chert unit (which hosts the Sulphur Springs and Kangaroo Caves deposits).

Rock chip assays from the chert and minor gossan samples have returned up to 0.40% zinc, along with elevated levels of VMS pathfinder elements such as arsenic, antinomy, barium, cadmium, cobalt, molybdenum and thallium. The first-pass rock chip results from XA_10 and XA_11 are very encouraging and highlight the potential for additonal discoveries using modern geophysical techniques.

The scheduled exploration activities, including a drilling programme at the Sulphur Springs and Breakers Prospect, is planned to commence as soon as water levels subside from the recent cyclone activity.

Venturex’ Managing Director, AJ Saverimutto, said: “We are gearing up for what will be a defining exploration field season for the Company at Sulphur Springs, building on the excellent work completed by our geological team over the past year. One of our key objectives is to find additional VMS deposits along the 27km long Panorama Trend which could be processed by a centrally located plant at Sulphur Springs.

“VMS deposits generally occur in clusters within a favourable target horizon, and the Panorama Trend has seen minimal exploration outside of the known Resources. Our initial focus will be at Breakers, where we have generated some really exciting high-grade rock chip results. This is a tantalising prospect, particularly as most of the historical drilling only intersected zinc-rich mineralisation. The high-grade copper gossan suggests that there is strong potential for a zinc-copper system, similar to that at Sulphur Springs.”

“We are really looking forward to what the upcoming drilling campaign can deliver.”

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AJ Saverimutto Managing Director

For further information, please contact:

AJ Saverimutto Media Venturex Resources Limited Nicholas Read – Read Corporate Ph: +61 8 6389 7400 Ph: +61 8 9388 1474 Email: admin@venturexresources.com 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 4 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.

Competent Person Statement

The Company confirms that:

a. The form and context of the material in this release has not been materially modified from any previous announcements; and b. It is not aware of any new information or data that materially affects the information included in the announcements and that all material assumptions and technical parameters underpinning the announcements continue to apply and have not materially changed.

The information in this announcement that relates to Exploration Results is based on information compiled or reviewed by Mr Luke Gibson who is a full time employee of Company. Mr Gibson is a member of the Australian Institute of Geoscientists. Mr Gibson has sufficient experience with the style of mineralisation and the type of deposit under consideration. Mr Gibson consents to the inclusion in the report of the results reported here and the form and context in which it appears.

Venturex Resources Limited

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Table 1: Rock Chip Sample Assays

ID	P323665 P323666 P323667 P323668 P323669 P323670 P323671 P323672
East	731482 731435 731488 731525 723540 723611 723723 723496
North	7646026 7645980 7646023 7646037 7661051 7661284 7661300 7661558
Prospect	Breakers Breakers Breakers Breakers XA_11 XA_11 XA_10 XA_10
Ag ppm	124 0.2 2.32 10.35 0.03 0.03 0.07 0.06
Au ppm	0.02 <0.02 <0.02 <0.02 <0.02 <0.02 <0.02 <0.02
Cu ppm	367000 438 827 7790 19.6 26.3 106 189.5
Pb ppm	1950 70 707 146 7 5.1 7.7 35.1
Zn ppm	4250 25 44 99 12 93 106 3970
Al %	0.24 1.08 0.61 0.06 0.41 0.19 2.19 0.54
As ppm	98.1 11 26.2 29.3 25.5 107.5 4.1 226
B ppm	10 10 10 <10 <10 <10 <10 10
Ba ppm	1310 1150 2480 250 70 50 80 740
Be ppm	0.53 0.4 0.33 <0.05 0.12 0.25 1.04 3.55
Bi ppm	31 0.29 0.04 0.65 0.65 0.09 0.08 0.01
Ca %	0.06 0.01 0.01 0.01 0.01 0.01 4.47 0.05
Cd ppm	8.19 0.08 0.44 0.2 0.03 0.09 0.17 3.54
Ce ppm	4.04 15.1 11.85 1.29 29.9 7.18 29.4 16.15
Co ppm	2.3 1.4 1.1 0.6 1.7 3.7 29.5 220
Cr ppm	2 3 10 13 145 14 3 6
Cs ppm	0.1 0.12 0.1 0.05 0.18 0.09 0.21 0.51
Fe %	5.54 2.39 4.78 1.09 0.68 2.36 8.39 31.1
Ga ppm	3.09 4.51 5.15 0.97 1.62 0.62 8.65 2.42
Ge ppm	<0.05 <0.05 <0.05 <0.05 <0.05 <0.05 0.07 0.06
Hf ppm	0.13 0.86 0.14 0.05 0.06 0.05 0.4 0.13
Hg ppm	456 0.21 0.7 12.45 0.34 0.27 0.39 0.28
In ppm	1.11 0.144 1.035 0.035 0.006 0.009 0.049 0.022
K %	0.08 0.44 0.24 0.02 0.24 0.11 0.28 0.23
La ppm	1.7 7.3 6.2 1.3 14.2 3.6 13.9 7.7
Li ppm	0.1 0.9 0.8 0.1 0.4 0.3 16.9 3.1
Mg %	0.05 0.03 0.02 <0.01 0.02 0.01 0.76 0.1
Mn ppm	104 144 198 87 104 165 1780 18650
Mo ppm	19.45 1.12 1.08 2.9 5.1 1.88 1.1 13.45
Na %	0.06 0.02 0.02 <0.01 <0.01 <0.01 0.03 0.01
Nb ppm	<0.05 <0.05 <0.05 <0.05 <0.05 <0.05 <0.05 <0.05
Ni ppm	23.2 0.8 1.6 4.9 32.5 20.5 2 804
P ppm	70 280 190 30 70 210 1250 980
Rb ppm	2.1 13.3 6.9 0.6 7.6 3.3 13.7 4.6
Re ppm	<0.001 <0.001 <0.001 <0.001 0.002 0.001 0.001 <0.001
S %	0.25 0.04 0.07 0.02 <0.01 <0.01 0.02 <0.01
Sb ppm	12.8 0.52 10.1 6.84 9.56 1.16 0.31 11.5
Sc ppm	0.5 2.3 0.9 0.2 2.2 0.6 14.7 18.6
Se ppm	3.6 0.2 0.3 <0.2 <0.2 <0.2 0.3 0.2
Sn ppm	2.3 0.6 0.2 0.5 0.2 <0.2 0.3 <0.2
Sr ppm	6.9 26.3 17.6 4.5 2.9 1.6 81.6 99.1
Ta ppm	<0.01 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
Te ppm	0.06 <0.01 0.01 <0.01 0.12 0.25 <0.01 <0.01
Th ppm	0.7 3.2 1.6 0.2 1.2 0.8 2.8 0.9
Ti %	<0.005 <0.005 <0.005 <0.005 <0.005 <0.005 0.019 <0.005
Tl ppm	0.08 0.17 0.15 0.26 0.06 0.02 0.06 1.41
U ppm	8.89 1.02 1.81 0.32 0.38 0.18 0.54 3.63
V ppm	<1 2 5 2 13 4 21 20
W ppm	0.07 <0.05 <0.05 0.17 <0.05 <0.05 <0.05 <0.05
Y ppm	2.58 8.69 2.41 0.26 5.18 1.27 14.8 18.8
Zr ppm	4.2 36.6 5.1 1.6 2.9 2.1 15.9 6.5
Pt ppm	n/a n/a n/a n/a 0.0021 <0.0005 <0.0005 0.0032
Pd ppm	n/a n/a n/a n/a 0.005 <0.001 <0.001 0.001

Venturex Resources Limited

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Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling techniques	• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(e.g. submarine nodules) may warrant disclosure of detailed information.	The rock chip sampling reported in this release was completed by the company’s geologist. All coordinated are reported in the UTM grid (MGA Zone 50 GDA94). Sample locations were surveyed using a handheld GARMIN GPS with an accuracy of +/-3m.
	• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- _sampling bit or other type, whether core is oriented and if so, by what method, etc.). _	N/A
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due topreferential loss/gain of fine/coarse material.	N/A
Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. • The total length andpercentage of the relevant intersections logged.	All rock chip samples were logged in detail to determine lithology and mineralogy of the sample.
Sub-sampling techniques and sample preparation	• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to thegrain size of the material being sampled.	Field QA/QC procedure involve the use of certified reference standards every 20 samples. Rock chip samples were selected from in-situ/outcropping units. The sample type, size and the nature is appropriate for VMS base metal anomalism.
Quality of assay data and laboratory tests	• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	Samples from the current programme were assayed by Australian Laboratory Services Pty. Ltd. Rock Chip samples were prepared and analysed by the following methods: Samples weighed, crushed and pulverised. Samples P323665-P323668 are analysed by method ME-MS41 and Au, Pt, Pd by fire assay method Au-AA25 The company included certified reference material with the samples submitted.

Venturex Resources Limited

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Criteria	JORC Code explanation	Commentary
Verification of sampling and assaying	• The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data.	The samples reported have been prepared by geologists with relevant VMS experience. Geological/field descriptions are recorded in long hand prior to being summarised for digital data capture. The data is sent to Perth office for verification and compilation into an SQL database by the in-house database administrator. Full copies are stored offsite.
Location of data points	• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control.	All data has been collected in GDA94 MGA Zone 50 grid system. Sample locations were located using a handheld GPS.
Data spacing and distribution	• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied.	Rock chip sample spacing and location is variable due to access and target requirements.
Orientation of data in relation to geological structure	• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	All samples were collected from a linear marker chert geological unit. No orientation based sampling bias has occurred.
Sample security	• The measures taken to ensure sample security.	The samples were dispatched from Port Hedland to the assay laboratory in Perth using a courier service. Online trackingis used to track theprogress of batches of samples.
Audits or reviews	• The results of any audits or reviews of sampling techniques and data.	No audit or review of the current data was completed.

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 and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Breakers Prospect is located within M45/ 1254 and HEM targets XA_10 and XA_11 are located within E45/4811. The registered owner of the tenements are Venturex Sulphur Springs Pty Ltd, a wholly owned subsidiary of Venturex Resources Ltd. The prospects are held by Venturex Sulphur Springs Pty Ltd The tenements are within Njamal Native Title Claim (WC99/8) where native title has been determined. The traditional owners of the land are the Njamal People. The grant of the tenement predates native title, and is not subject to native title claim. The tenement is subject to two third party royalties on any production from the tenement. The tenement are in good standing and no known impediments exist.
Exploration done by other parties	• Acknowledgment and appraisal of exploration by other parties.	Previous exploration has been undertaken by a number of parties going back over 30 years. Modern exploration has been undertaken by Sipa Resources, CBH Resources, Homestake Mining, and Venturex Resources.
Geology	• Deposit type, geological setting and style of mineralisation.	The Sulphur Springs deposit and associated target prospects are related to Volcanogenic Massive Sulphide systems.

Venturex Resources Limited

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Criteria	JORC Code explanation	Commentary
Drill hole Information	• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • easting and northing of the drill hole collar • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • dip and azimuth of the hole • down hole length and interception depth • hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	N/A
Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated.	N/A
Relationship between mineralisation widths and intercept lengths	• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	N/A
Diagrams	• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	See plans within this announcement.
Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	All rock chip assays received from the sampling program are reported in this release,
Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	The prospects along the Panorama Trend have had significant bodies of work completed on them, including geophysical studies, geochemical studies, metallurgical test work, geotechnical and ground water studies.
Further work	• The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive	Follow up drill testing are planned for selected anomalies. Continued review and assessment of the HEM survey results.

Venturex Resources Limited

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ASX: VXR
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AJ SAVERIMUTTO | Managing Director

1

– Sulphur Springs Project Summary

Advanced project located within Tier 1 Pilbara mining jurisdiction

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• +27km highly prospective Archaean Panorama Trend

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• +17.3Mt VMS base metal endowment

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• 13.8Mt Sulphur Springs

• 3.55Mt Kangaroo Caves

Potential for additional look alike deposits

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2

– Panorama Trend Unlocking the Potential

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High grade Cu-Zn +/-Ag Volcanogenic Massive Sulphide (VMS) mineralisation in an under-explored belt

Paucity of drilling and modern exploration techniques

Applying advanced modern techniques across the entire Panorama Trend project area

• 2.5D/3D VTEM, DHEM, Hyperspectral Alteration mapping, geochemistry, litho-geochemistry and understanding mineral systems

Systematic multi phase exploration strategy

1. Evolve and test Panorama Trend targets

2. Expand the Sulphur Springs and Kangaroo Caves resources

3. Test near-mine and Brownfields targets

Upcoming drilling planned at Breakers & Sulphur Springs Prospects

Source: Cuprite-Malachite mineralisation within Sulphur Springs drilhole SSD089 .

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– Panorama Trend VMS Opportunity

VMS deposits are a major source of global Zn, Cu, Pb, Ag and Au production

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Well understood and studied deposit type, form at or near the seafloor in submarine volcanic environments

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Global VMS deposits include Supergiant and Giant deposit types

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• Windy Craggy (Canada) 300Mt @ 1.4% Cu[1]

• Neves Corvo (Portugal) 270Mt @ 1.6% Cu & 1.4% Zn[1]

• Kidd Creek (Canada) 150Mt @ 2.3% Cu, 6.2% Zn & 87 g/t Ag[1 ]

Tier 1 Australian examples

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 DeGrussa, Golden Grove, Roseberry….

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1. Source: Volcanogenic massive sulfide deposits of the world; database and grade and tonnage models: U.S. Geological Survey Open-File Report 2009

Source: Galley et al., 2007

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– Panorama Trend Belt Scale Potential

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Global VMS

800 VMS deposits identified worldwide

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Many significant VMS deposits occur in clusters and form VMS ‘Camps’

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Initial Resource discovery if often small and continues to grow with advanced exploration and drilling

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Panorama Trend

High potential for additional look alike deposits within Panorama Trend

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• Current endowment +17Mt (Sulphur Springs & Kangaroo Caves)

• Seven priority targets identified (??Mt)

Source: Modified after Galley et al., 2007

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– Panorama Trend VMS Target Pipeline

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Greenfields Geochemical Resource
Drillhole
and and Definition and Resource
Intersection
Conceptual Geophysics Extension
Panama
2017 AEM
Trend
Breakers
Graben Historic Sulphur
& Growth VTEM Springs Deeps
Structures
Mon O’ Sulphur
War Springs
Sulphur
Stacked Midway Springs East
Systems
Kangaroo
Jameson’s
Caves
Kangaroo
Anamoly
45 Caves Deeps
Bledisloe
Traunstein
Upcoming Drilling Targets
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– Panorama Trend Breakers

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– Panorama Exploration Breakers Prospect

‘Main Gossan’ rock chips samples up to 36.7% Cu (see ASX release 1 May 2019) and 36% Zn (historic sampling[1] )

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Limited historic drilling beneath gossan intersected Zn-rich base metal mineralisation associated with a broad alteration zone, including:

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• BKP001: 22m @ 4.16% Zn, 0.94% Pb & 10.3g/t Ag [ 1]

• BKC002: 1m @ 3.73% Zn, 1.80% Pb, 47.50g/t Ag & 0.03 g/t Au [ 1]

• BKD002: 8.8m @ 3.25% Zn [ 1]

Extensions to Cu-rich gossan not yet discovered, additional poorly tested VTEM target

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Preliminary works for upcoming drilling programme commenced

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9 Building a Mid-Tier Base Metals Business

BKP001: 22m @ 4.16% Zn, 0.94% Pb & 10.3g/t Ag [1]

• BKD002: 8.8m @ 3.25% Zn & 0.20% Pb [ 1]

1.See asx release 9 June 2014

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– Panorama Exploration Man O’ War Prospect

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Numerous Zinc-Lead-Copper intercepts in broad spaced drilling over >2.5km of strike with limited follow-up, including:

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• MOD005: 1.9m @ 1.20% Cu, 0.01% Zn & 1.3g/t Ag [ 1]

• MOD007: 2.8m @ 0.10% Cu, 4.85% Zn, 1.86% Pb, 56.1g/t Ag & 0.15g/t Au [ 1]

• MOD008: 52.0m @ 0.12% Pb & 0.50% Zn [ 1]

Extensive system

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Additional untested VTEM target

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Follow-up Heli EM to refine drill ready target.

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10 Building a Mid-Tier Base Metals Business

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MOD007: 2.8m @
0.10% Cu, 4.85% Zn,
1.86% Pb, 56.1g/t Ag &
0.15g/t Au [1]
MOD008: 52.0m @ 0.50%
Zn & 0.12% Pb [ 1]
MOD005: 1.9m @
1.20% Cu, 0.01% Zn
[1]
& 1.3g/t Ag
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1.See asx release 9 June 2014

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– Panorama Exploration Jameson’s Prospect

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Tectonic block of prospective Panorama Trend Volcanics within hanging wall sequence

Limited historic drilling beneath gossan intersected scattered Zinc-Lead-Copper mineralisation associated with a broad alteration zone, including:

• JMD1: 2.0m @0 .32% Cu, 11.5% Zn, 1.17% Pb [ 1]

• JMC004: 6.0m @ 3.2% Zn [ 1]

Several untested VTEM targets on margins

Potential for stacked system and/or additional mineralised horizon offset from main trend

11 Building a Mid-Tier Base Metals Business

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JMC004: 6.0m @ 3.2%
Zn [ 1]
JMD001: 2.0m @0 .32% Cu,
11.5% Zn, 1.17% Pb [1]
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1.See asx release 9 June 2014

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– Panorama Exploration Geophysics Targets

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Modern geophysics unlocking and identifying new targets AEM data flown at Sulphur Springs in 2017 identifies a number of ‘blind’ EM targets in the NW of the project area. Recent field mapping and rock chip sampling at XA10 & XA11 identifies elevated VMS pathfinder anomalism association with Sulphur Springs ‘Marker Chert’ (see ASX release 1 May 2019) Potential look a like targets to Sulphur Springs

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Conductive AEM Targets at depth (~100m)

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– Conclusions Panarama Exploration

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High quality, advanced project within Tier 1 Pilbara Jurisdiction

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Renewed focus on exploration and drilling programmes Robust exploration pipeline

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Systematic, multi-phase exploration strategy, applying modern geophysical techniques

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13

– Resource Extensions Sulphur Springs

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‘OPEN’
‘OPEN’
‘OPEN’
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Sulphur Springs Resource 13.8Mt @ 1.5% Cu, 3.8% Zn & 17g/t Ag

Limited and sporadic drilling outside of resource Open at depth and along strike Multiple untested near-mine targets

• High grade plunging shoots

• Sulphur Springs East

• Bledisloe Prospect

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– Resource Extensions Sulphur Springs

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‘OPEN’
‘OPEN’
‘OPEN’
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Kangaroo Caves Resource 3.55Mt @ 1.5% Cu, 3.8% Zn & 17g/t Ag

Complex ore geometry

Limited and sporadic drilling outside of resource. Open at depth and along strike. Multiple untested near-mine targets.

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Important Information and Disclaimer

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Cautionary Statement

The information contained in this document (“Presentation”) has been prepared by Venturex Resources Limited (“Company”). This Presentation is being used as a presenter’s aid with summarised information. See Venturex’s other and periodic disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au or at www.venturexresources.com, for more information.

While the information contained in this Presentation has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representations or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

This Presentation may include certain statements that may be deemed “forward-looking statements”. All statements in this Presentation, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers, do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation of any matter that subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forwardlooking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Venturex assumes no obligation to update such information.

Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward looking statements. Please undertake your own evaluation of the information in this presentation and consult your professional advisers if you wish to buy or sell Venturex shares.

This Presentation has been prepared in compliance with the JORC Code 2012 Edition. The ‘forward-looking information’ contained here is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. The Company disclaims any intent or obligations to update or revise any forward looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law. The Production Target (and the forward looking financial information based on that Production Target) contained in the DFS includes material classified as Ore Reserves and Inferred Resources. Material classified as Ore Reserves contributes ~68% of the material within the LOM Production Target and Inferred Resources contribute ~32% of material included within the LOM Production Target. The mine plan has been sequenced to ensure that the reliance on material contributed from Inferred Resources is minimised within the first 5 years and the Company is satisfied that the proportion of Inferred Resources is not a determining factor for project viability. Nonetheless, the Company notes there is a low level of geological confidence associated with Inferred Resources and there is no certainty that further exploration work will result in the determination of Indicated Resources or that the LOM Production Target insofar as it relates to the Inferred Resources will be realised.

Competency Statement

The information in this presentation that relates Geophysical Exploration Results is based on information compiled by Mr Russell Mortimer, who is employed as a Consultant to the Company through geophysical consultancy Southern Geoscience Consultants Pty Ltd. Mr Mortimer is a member of the Australian Institute of Geoscientists and a member of the Australian Society of Exploration Geophysicists and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

The information in this presentation that relates to Exploration Results at the Sulphur Springs Project is based on information by Mr Luke Gibson who is an employee of the Company. Mr Gibson is a member of the Australian Institute of Geoscientists and Mr Gibson has sufficient experience with the style of mineralisation and the type of deposit under consideration.

The information contained in this presentation relating to the Whim Creek Projects Resources and Reserves was previously released in announcements Company Resource and Reserve Statement – Revised released 8 October 2013 and 23 March 2018.

The information contained in this presentation relating to the Kangaroo Caves Resources was previously released in announcements issued 22 September 2015, based on information compiled or reviewed by Mr David Milton, Hardrock Mining Consultants Pty Ltd who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Milton has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaking to qualify as Competent Persons as defined in the 2012 – Refer Edition of the “Australasian Code for Reporting of Mineral Resources”.

The information contained in this presentation relating to the Sulphur Springs Resources was previously released in announcements issued 21 March 2018, based on information compiled or reviewed by Mr David Milton of Mil Min Pty Ltd who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Milton has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaking to qualify as Competent Persons as defined in the 2012 – Refer Edition of the “Australasian Code for Reporting of Mineral Resources”.

The information contained in this presentation relating to the Sulphur Springs Reserves was previously released in ASX announcement dated 10th October 2018 based on information compiled or reviewed by Mr Daniel Donald, of Entech Pty Ltd who is a member of the Australasian Institute of Mining and Metallurgy. Mr Donald has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to quality as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Mineral Reserves”.

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 previous announcements and that all material assumptions and technical parameters underpinning the estimate in DFS announcement issued 10 October 2018 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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AJ SAVERIMUTTO | Managing Director

Building an Australian Base Metals business.

Registered Office: Level 2, 91 Havelock Street, West Perth, WA 6005 T: + 61 8 6389 7400 F: + 61 8 9463 7836 admin@venturexresources.com

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ASX: VXR

Media: Nicholas Read / Read Corporate Ph: +61 8 9388 1474 Email: info@readcorporate.com.au

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