Venturex appoints Optimum as debt advisor

Venturex Resources has appointed a debt advisor to assist in securing development funding for its Pilbara copper-zinc project in WA.

Private company Optimum Capital will help the West Perth-based explorer to bed down funding for the project, which has an estimated capital cost of $279 million.

Venturex recently released the results of the project’s definitive feasibility study that confirmed the viability of the operation.

The study found the project can deliver 16,500 tonnes per annum (tpa) of copper, 30,000tpa of zinc and 200,000 ounces per annum of silver over a mine life of 8.5 years.

Shares in Venturex shed 0.4c to 3.2c at 1225 AWST.