Belararox Uncovers Visual Copper Mineralisation in Maiden TMT Drilling Program
Belararox Limited has made significant progress in its maiden drilling program at the TMT Project in Argentina, revealing promising visual copper mineralisation while maintaining a robust financial position with A$6.8 million cash and zero debt.
- Maiden drilling program commenced at Tambo South and Malambo copper porphyry targets
- Visual copper sulphides observed in multiple drill intervals with assays pending
- Early-stage exploration and soil sampling completed at Kalahari Copper Belt Project in Botswana
- Strong financial position with A$6.8 million cash and no debt
- Board changes include resignation of Jason Ward and appointment of Tim Yanjun Zuo
Exploration Milestones at TMT Project
Belararox Limited has reported substantial advancement in its exploration activities during the March 2025 quarter, particularly at its flagship Toro-Malambo-Tambo (TMT) Project in Argentina. The company initiated its maiden diamond drilling program targeting the Tambo South and Malambo copper porphyry prospects, with the first hole at Tambo South reaching a depth of 1,028 meters before encountering drilling difficulties, and a second hole completed to 1,305 meters.
Visual inspection of drill cores revealed significant copper sulphide mineralisation, including chalcocite, covellite, and chalcopyrite, across multiple intervals. These observations support the presence of a high-sulphidation epithermal overprint on a porphyry copper system, consistent with the company's geological model. While initial assays from the first 224 meters of the first hole showed copper grades up to 0.13%, comprehensive assay results for the remaining core samples are anticipated in late April and May.
Expanding Footprint in Botswana and Australia
Beyond Argentina, Belararox has progressed early-stage exploration at its Kalahari Copper Belt (KCB) Project in Botswana. The company completed extensive soil sampling across six tenements, collecting nearly 2,000 samples that identified 20 areas of copper and zinc anomalies. These targets align with known geological structures and mineralisation trends in the prolific Kalahari Copper Belt, setting the stage for detailed geophysical surveys and future drilling campaigns.
In Australia, the company continues to advance its Belara and Bullabulling projects. At Belara in New South Wales, geochemical sampling has delineated multiple areas of interest warranting follow-up work, while at Bullabulling in Western Australia, the focus remains on integrating regional geochemistry and refining drill targets to test gold and lithium potential.
Financial Strength and Corporate Developments
Belararox ended the quarter with a strong cash balance of A$6.8 million and no debt, positioning the company well to fund its near-term exploration objectives. The company received A$2.1 million from a placement to Ziwan Trading Co Limited during the quarter, further bolstering its financial flexibility.
Corporate governance saw notable changes with the resignation of Jason Ward from the Board, who will continue to contribute as Exploration Manager for the TMT Project. Tim Yanjun Zuo was appointed as a Non-Executive Director representing the largest shareholder, Denala Limited, signaling a potential strategic alignment.
Looking Ahead
Belararox is preparing to complete its 2024/2025 exploration program at TMT, including compiling assay results, detailed logging, and updating 3D geological models. The company also plans to expand geophysical surveys and drilling at KCB and progress exploration activities across its Australian assets. With a solid financial base and promising early results, the company is poised to deliver further news that could enhance its copper and base metal exploration profile.
Bottom Line?
Belararox’s promising visual copper mineralisation and strong cash reserves set the stage for critical assay results and expanded drilling programs in the coming months.
Questions in the middle?
- What will the upcoming assay results reveal about the grade and extent of copper mineralisation at Tambo South and Malambo?
- How will the new board composition influence Belararox’s strategic direction and exploration priorities?
- What are the timelines and targets for the next drilling campaigns at the Kalahari Copper Belt and Australian projects?
