Belararox Reports 129m at 0.12% Copper in Argentina’s TMT Project

Phase 1 Drilling Success at TMT Project, Argentina

Belararox Limited has completed its maiden drilling campaign at the TMT Project in Argentina, delivering encouraging assay results from the Tambo South target. The first-pass drilling intersected broad and continuous zones of anomalous copper mineralisation, with intervals averaging around 0.11–0.13% copper over significant widths, including a standout 129-metre interval at 0.12% copper. These results suggest the upper portions of a larger porphyry copper system have been successfully tested, providing a clear path for deeper follow-up drilling.

The geological interpretation points to multiple intrusions with copper mineralisation consistent with a high-sulfidation epithermal overprint on a copper porphyry system. This aligns with the presence of covellite and hypogene chalcocite minerals, indicating proximity to higher-temperature mineral assemblages typical of such deposits. While drilling at the nearby Malambo target did not yield significant copper or gold results, the Tambo South findings underscore the prospectivity of the TMT Project’s porphyry targets.

Advancing Exploration in Botswana’s Kalahari Copper Belt

In Botswana, Belararox has made substantial progress across its Kalahari Copper Belt (KCB) tenements. Ground gravity surveys and audio-frequency magnetotellurics (AMT) have been completed across multiple tenements, successfully defining anticlines, fault structures, and the key D’Kar-Ngwako Pan contact zones that are known hosts for sediment-hosted copper-silver deposits in the region.

The company identified at least 20 areas of interest with consistent copper and zinc soil anomalies, supporting the prioritisation of drill targets on tenements such as PL0085, PL0770, and PL0771. These efforts build on the geological analogues of nearby world-class deposits, including the Motheo and Boseto mines. Drilling is planned for the coming months to test these newly defined targets.

Financial Strength and Corporate Developments

Belararox ended the quarter with a robust balance sheet, holding A$3.4 million in cash and no debt, positioning the company well to fund its near-term exploration programs. During the quarter, it raised an additional A$0.314 million through a share placement to Ziwan Trading Co Limited at $0.25 per share.

Corporate governance saw a notable change with the resignation of Director Jason Ward and the appointment of Tim Yanjun Zuo as a Non-Executive Director representing the company’s largest shareholder, Denala Limited. These changes reflect a strategic alignment with key stakeholders as Belararox advances its exploration agenda.

Ongoing and Future Exploration Activities

Looking ahead, Belararox plans to continue its exploration momentum at the TMT Project with further assessment of high-priority targets such as Toro Central and Toro South. A magnetotellurics geophysical survey is scheduled to refine drill targeting by imaging subsurface resistivity anomalies associated with copper porphyry mineralisation.

In Botswana, the company is preparing for drill testing of targets identified through recent geophysical and geochemical surveys. Meanwhile, in Australia, rehabilitation works continue at the Belara Project in New South Wales, alongside geological mapping to explore extensions of known mineralisation. The Bullabulling Project in Western Australia remains under exploration by Minerals 260 Limited under an option agreement.

Health and Safety and Operational Discipline

Belararox reported a strong safety record during the quarter, with no significant incidents at its Argentina and Botswana operations. The company emphasised the importance of daily health and safety training and plans to enhance emergency service training and food hygiene controls at its campsites. These measures underpin the company’s commitment to responsible and sustainable exploration practices.