Belararox Raises A$8.88M, Starts 6,000m Drilling Campaign at TMT Copper-Gold Project

Strategic Drilling Kickoff at TMT Project

Belararox Limited (ASX: BRX) has marked a pivotal moment in its exploration journey with the commencement of a 6,000-metre diamond drilling program at its flagship Toro-Malambo-Tambo (TMT) Project in Argentina. The drilling, managed by Conosur Drilling SA, a seasoned local contractor, targets high-priority porphyry copper-gold zones at Tambo South and Malambo, identified through recent geochemical modelling and fieldwork.

This drilling campaign is a critical step in validating the geological potential of the TMT Project, which lies strategically between two prolific metallogenic belts in the Central Andes. The project’s proximity to world-class deposits such as Josemaria and Filo del Sol underscores its prospective value.

Robust Funding Fuels Exploration Ambitions

Backing this operational momentum is a successful capital raise of A$8.88 million at A$0.25 per share, supported by Euroz Hartleys Limited, Canaccord Genuity, and major shareholder Denala Limited. This funding has bolstered Belararox’s cash position to A$10.475 million, providing a solid financial foundation for the company’s ambitious 2025 exploration programs across its global portfolio.

Managing Director Arvind Misra highlighted the significance of this capital injection, noting that it fully underpins the upcoming field seasons in Argentina and Botswana. The company is poised to deliver a steady stream of exploration updates as drilling progresses.

Expanding Footprint in Botswana’s Kalahari Copper Belt

Beyond Argentina, Belararox is advancing its Kalahari Copper Belt (KCB) Project in Botswana, where a comprehensive exploration plan for 2025 has been approved. The plan focuses on fourteen exploration licenses covering over 4,200 square kilometres, with particular emphasis on the contact zone between the Ngwako Pan Formation and the D'Kar Formation, a known host for copper and silver mineralisation.

Preparatory work including geological mapping, regolith characterisation, and soil sampling is underway, alongside geophysical surveys such as AMT and EM to refine drill targets. The company anticipates drilling approximately 2,000 metres to test the highest priority targets identified through integrated data analysis.

Ongoing Exploration Across Australian Assets

In Australia, Belararox continues to explore its Belara Project in New South Wales and the Bullabulling Project in Western Australia. The Belara Project, with a JORC-compliant Mineral Resource Estimate, saw a recent field program focused on geophysical and geochemical anomaly follow-up, with assay results pending.

The Bullabulling Project shows promise for both orogenic gold and lithium-caesium-tantalum pegmatite mineralisation. Recent revaluation of geochemical data and structural interpretations supports further targeted exploration, including reassessment of drill targets to optimise future drilling campaigns.

Infrastructure and Safety Measures

Significant groundwork has been completed to support exploration activities, including road construction and camp extensions at the TMT Project. Safety remains a priority, with comprehensive training and traffic control procedures implemented to mitigate risks associated with challenging terrain and personnel transport.

Belararox’s methodical approach to infrastructure and safety underpins its operational readiness as it advances multiple projects simultaneously.

Looking Ahead

With drilling underway and a well-funded exploration pipeline, Belararox is positioned to unlock value across its copper, gold, and battery minerals portfolio. The coming months will be critical as assay results from the TMT Project and other field programs begin to shape the company’s growth trajectory.