Venturex Resources Limited (VXR)

Venturex Resources Limited (VXR)

Venturex owns 100% of two major copper zinc assets in the Pilbara Region of Western Australia. Each property has highly prospective projects on approved mining leases with no native title issues, together with extensive surrounding land holdings. Sulphur Springs has been completed to Definitive Feasibility Stage and the mine has been approved as an underground operation, The Company is close to converting that approval into a lower risk open cut/underground project, benefitting from a high grade cap. Whim Creek/Mons Cupri is the other operational centre, with an existing SXEW operation owned by another party and operated at no risk to Venturex and which has generated cash for Venturex from time to time. Exploration in the region has been boosted by the excitement over conglomerate gold, and Venturex has exposure to the target horizon on its leases.

 

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