VentureX Resources Limited
VentureX Resources (ASX: VXR) is a rapidly growing Australian base metals company which is focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia.
Current operations of VentureX include the Whim Creek and Sulphur Springs Projects, which have an inventory of 24.2 Mt grading 1.3% copper, 3.6% zinc, 0.3% lead and 18 g\t silver containing 307,000 tonnes of copper metal and 897,000 tonnes of zinc metal.
VentureX also receives an ongoing income stream from a profit share arrangement with Blackrock Metals in its SX/EW heap leach operation recovering copper from the heap leach dumps at Whim Creek. Venturex received $780,000 in FY2016 from 990t of copper metal production. This cash flow covers the bulk of the Company’s overheads.