Develop Global Limited · ASX:DVP
Develop Global — Venturex Resources — Shareholder Meeting (November 2019)
17 slides from Develop Global's shareholder meeting presentation, Nov 29, 2019
Slide 1: Annual General Meeting 2019 Sulphur Springs Copper-Zinc Project
ASX: VXR Annual General Meeting 2019 Sulphur Springs Copper-Zinc Project 29th November 2019 1
Slide 2: Disclaimer
Disclaimer 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
Slide 3: Sulphur Springs – Project Summary
Sulphur Springs – Project Summary ➢ Located in world-class Pilbara district with several mines in the area ➢ One of the only ASX listed Copper developers who is “development ready” ➢ Mining Inventory 12.6Mt @ 1.4% Cu and 3.63% Zn1 ➢ Initial +10yr mine life, producing Cu & Zn concentrates ➢ Native Ti
Slide 4: Sulphur Springs – Key Fundamentals
Sulphur Springs – Key Fundamentals Mining Open pit mining – 5 years Methodology Underground mining – 5+ years Processing Simple crush, grind, floatation process Strategy Producing copper and zinc concentrates Tailings Standard valley fill TSF Management “Sulphur Springs employs best practice mine de
Slide 5: Sulphur Springs – Public Benefits
Sulphur Springs – Public Benefits Project Relevance Employment Taxes & Royalties Expenditure Project Longevity Copper a stable, ~300 full-time +$750M in taxes $1.5 Billion 10 year initial life highly in demand employees (~450 and royalties over project of mine with commodity ramp up scenario) first
Slide 6: Sulphur Springs – Approval Summary
Sulphur Springs – Approval Summary Previous Approval Concept Change Key Changes 2014 2016 2016 - Current Mining Method Underground mine Open pit /Underground mine Open pit & underground Dry stacked tailings Tailings Storage Facility Tailings Storage Facility Associated infrastructure Associated infr
Slide 7: Sulphur Springs - EPA Environmental Approval Timeline
Sulphur Springs - EPA Environmental Approval Timeline ➢ Underground only Project Approved (via Mining Proposal) - Feb ‘14 ➢ New approval sought with open pit and Valley Fill TSF submitted - Dec ‘16 ➢ Draft ERD submitted - Jun ’18 ➢ EPA request for amendments - Sep ’18 ➢ Draft ERD (Rev1) submitted -
Slide 8: EPA Assessment – Tailings Dam Location
EPA Assessment – Tailings Dam Location ➢ DMIRS Highlighted Post-Closure Risks ➢ Long term containment integrity and management of the proposed tailings storage facility ➢ Long term risk of mine pit water overflow - discharge of contaminated water ➢ After further consultation in October and November
Slide 9: Post EPA Approval– next steps
Post EPA Approval– next steps ➢ Finalise Trafigura finance ➢ Commence Infra-Structure Tender Process ➢ EPC ➢ Mining ➢ Haul Road ➢ Power ➢ Civils ➢ Camp ➢ Strategic Equity ➢ Further approvals- Mining proposal, Works approval, Groundwater Licence 9
Slide 10: Exploration
Exploration Bledisloe Sulphur Springs ➢ +27km highly prospective Archaean Panorama Trend ➢ High grade copper-zinc Volcanogenic Massive Sulphide (VMS) mineralisation in an under-explored belt ➢ Currently +17.3 Mt VMS base metal endowment1 ➢ High potential for additional look alike deposits Kangaroo C
Slide 11: Exploration – Breakers
Exploration – Breakers 733,000 mE ➢ Highly successful 2019 exploration campaign BKR009: NSI (ASX releases 18, 26 June, 17 July & 4 September 2019) ➢ WA government to co-fund additional deep drilling at BKR007: 8m @ 3.37% Zn, Breakers (EIS Co-funded Drilling) 0.29% Pb & 6.45g/t Ag ➢ Drilling will tar
Slide 12: Exploration – Breakers
Exploration – Breakers TARGET AREAS Refer ASX Release 4 September 2019 12
Slide 13: Exploration – New Targets
Exploration – New Targets ➢ Modern geophysics unlocking and identifying new targets ➢ AEM Survey identifies a number of ‘blind’ EM targets in the NW of the project area. ➢ Field mapping and sampling identify highly elevated VMS pathfinder anomalism at ‘Marker Chert’ Conductive AEM Targets at depth (
Slide 14: Venturex Resources – Board of Directors
Venturex Resources – Board of Directors ▪ Former solicitor with over 35 years experience in the ▪ Mining engineer with over 18 years experience in the management and operation of listed public companies resources industry ▪ Current Chairman of Pilbara Minerals Limited and ▪ Current Chief Development
Slide 15: Thank you
Thank you Building an Australian Base Metals business. Anthony Reilly Executive Director ASX: VXR Registered Office: Level 2, 91 Havelock Street, West Perth, WA 6005 T: + 61 8 6389 7400 F: + 61 8 9463 7836 anthony.reilly@venturexresources.com www.venturexresources.com 15
Slide 16: Important Information and Disclaimer
Important Information and Disclaimer 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 Cons
Slide 17: Venturex Resources – Inventory and Resources Table
Venturex Resources – Inventory and Resources Table Indicated Mt Cu % Zn % Ag g/t Sulphur Total Springs 11.7 1.4 4.2 17 Resources Mt Cu % Zn % Ag g/t (2018)1 Inferred 17.4 1.3 4.2 17 Mt Cu % Zn % Ag g/t 5.7 1.2 4.4 18 Grand Total Measured Mt Cu % Zn % Pb % Ag g/t Au g/t 25.9 1.24 3.47 0.18 19 0.1 Mt
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