Venturex Resources Limited announced that NAIF has undertaken a strategic assessment of the Sulphur Springs Copper-Zinc Project (Sulphur Springs, the Project) and has determined to further investigate the potential for NAIF to provide debt finance for the development of the Project. NAIF is a major long-term initiative of the Australian Government to provide access to up to AUD 5 billion of debt finance, which may be on concessional terms, to support and encourage infrastructure development that generates public benefit for northern Australia. Venturex, having passed through the Enquiry and Preliminary Assessment stage of the NAIF Application and Approval Process, provided NAIF with initial information outlining the Sulphur Springs Project and its associated infrastructure requirements and detailing its view of the benefits that will flow to local communities in the Pilbara region during and beyond the Project's current mine life. The Company has since received written confirmation that the NAIF Executive has progressed the Project to the Due Diligence stage. The next step will be for Venturex to prepare and submit a formal Investment Proposal to NAIF and for the NAIF Board to then consider whether or not to offer financial assistance. Venturex will continue to assist NAIF with its required due diligence investigations regarding participation in the debt facilities to fund the project capital expenditure necessary to develop the Project. NAIF has not made any decision to offer debt finance and there is no certainty that an agreement will be reached between the parties. The Company's financial adviser in relation to the proposed NAIF funding is BurnVoir Corporate Finance.