The Sulphur Springs project is located 144 km to the south east of Port Hedland and includes the Sulphur Springs and Kangaroo Caves deposits together with tenements along the 27 km Panorama Trend that contains six advanced targets that have returned intersections of commercial grade copper and zinc.
Once the Sulphur Springs project is operational the focus is to continue exploration along the Panorama Trend with a vision to develop a new mining region.
The Whim Creek Copper-Zinc Project is located 115 km to the south west of Port Hedland and includes the Whim Creek, Mons Cupri, Salt Creek and Evelyn deposits where 67,000 tonnes of copper was produced from historic (near surface) oxide ores.
The Whim Creek JV Project includes crushing and heap leach infrastructure, offices, workshops and established water supplies, along with a regional exploration package with gold and base metal prospectivity.
In 2020 Venturex Resources (and VXR’s wholly owned subsidiaries), executed an unincorporated Joint Venture with Anax Metals Limited (ASX: ANX) to acquire 80% interest in the Whim Creek Project via staged cash payments to VXR and additional earn-in expenditure. Venturex retains a 20% interest that is free-carried through to a decision to mine.
Combined JORC Compliant Inventory
The JORC compliant Resource inventory Venturex’s Pilbara projects is 24.4Mt grading 1.2% copper, 3.5% zinc, 0.3% lead and 18.7g\t silver containing >300,000 tonnes of copper metal and 900,000 tonnes of zinc metal.
Venturex has an experienced board and management team with considerable experience in project financing, project development and operations.