Welcome to Venturex
Venturex Resources Limited is a resources company based in Perth, Western Australia, and listed on the Australian Stock Exchange (ASX Code: VXR). Venturex aims to deliver superior value to its shareholders by becoming a significant copper-zinc producer through the development of its two advanced copper zinc Projects located close to Port Hedland in the Pilbara region of Western Australia.
Venturex also has a free carried 15% net profit interest in an SXEW plant scavenging 1000 tonnes of copper metal per annum from the residual heap leach dumps at Whim Creek. This plant is operated by a private company Blackrock Metals. Venturex has received $473,000 from this interest in the June and September quarters of 2015. For more information on this operation click here.
Venturex recognises that the current market conditions are not conducive to the immediate development of these projects. Venturex is therefore currently focussed on the following:
Renewing the existing environmental permit for the Sulphur Springs mine to reflect the mine plan and reversion to conventional tailings disposal proposed in the optimisation study. This will restore the mine to “shovel ready” status;
Re-invigorating exploration at the brown-fields Whim Creek project aimed at extending the existing Resources and testing the multiple ore horizons that are only partially tested; and
Working with Blackrock Metals to identify low capital cost options to expand and extend their operations to provide an enhanced cash flow to Venturex