Venturex Resources 

Primary ticker: ASX:VXR
Stage of development: Development
Commodity: Base Metals, Copper, Zinc
Project to promote: Sulphur Springs Copper-Zinc Project

Live financials

Venturex Resources (ASX: VXR) is on the cusp of securing final environmental approvals which will clear the way for the development of a new $146 million copper-zinc mine at its flagship Sulphur Springs VMS Project, located 144km south-east of Port Hedland in the Pilbara.

Sulphur Springs represents one of the few greenfields base metal projects currently slated for development in Australia, putting Venturex in an ideal position to capitalise on the strong outlook for copper and zinc prices over the next few years.

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Management Profile

Ajanth (AJ) Saverimutto, Managing Director

Ajanth (AJ) Saverimutto – Managing Director
Mr Saverimutto is a Mining Engineer and Accountant with over 20 years experience in the resources industry. He has extensive senior management experience, most recently as the founder and Managing Director of privately-held Australian company Salt Lake Mining Pty Ltd. Mr Saverimutto has also held senior management roles including Chief Operating Officer of ASX-listed gold miner and explorer Unity Mining, Mining Manager for BHP Billiton – Stainless Steel Materials and Mining Manager for leading international copper producer Freeport-McMoRan (NYSE: FCX).

What is your rationale for attending 121 Mining Investment?

We are wanting to raise awareness of Venturex’ Copper-Zinc Project in the Pilbara, Western Australia.

What recent news would you like to highlight to investors attending?

Debt Funding Completed
Breakers Drill Results

What are your key goals for the next 3, 6 and 12 months?

3 Months:

* Final Project Permitting

6 Months:

* Equity Funding
* Long Lead Items
* Unlock VMS Potential of Panorama Trend

12 Months:

* Sulphur Springs Project Construction
* Unlock VMS Potential of Panorama Trend

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market understanding of project potential, commodity markets.

What do you think makes your company such a compelling investment?

* Australian Project in Pilbara WA
* High-Grade Deposit
* Excellent Financials
* Northern Star Major Shareholder
* Debt and Offtake Complete