Belararox’s $8.5M Raise Fuels High-Stakes Copper Exploration
Belararox Limited has completed an $8.5 million placement to accelerate copper exploration, with drilling now underway at its TMT Project in Argentina.
- Completed $8.5 million two-tranche placement
- Second tranche approved at 2025 Annual General Meeting
- Drilling commenced at TMT Project in early December 2025
- TMT Project located in Argentina’s San Juan Province
- Belararox’s portfolio includes projects in Argentina, Botswana, NSW, and WA
Capital Raise to Accelerate Exploration
Belararox Limited (ASX – BRX) has successfully completed an $8.5 million placement, a two-tranche capital raising initiative designed to fast-track its copper exploration efforts. The second tranche of this placement received shareholder approval at the company’s 2025 Annual General Meeting, underscoring investor confidence in Belararox’s strategic direction.
Drilling Underway at TMT Project
Following the capital raise, Belararox commenced drilling activities at its flagship Toro-Malambo-Tambo (TMT) Project in Argentina’s San Juan Province in early December 2025. This project is strategically positioned between two prolific mineral belts, El Indio and Maricunga, both renowned for their rich deposits of copper, gold, and other metals. The TMT Project represents a significant opportunity given its largely unexplored status and the promising targets already identified by the company.
A Diverse and Strategic Portfolio
Belararox’s exploration footprint extends beyond Argentina, with projects in Botswana’s Kalahari Copper Belt, the Belara Project in New South Wales focusing on zinc and copper, and the Bullabulling Project in Western Australia targeting gold. This diversified portfolio positions the company to benefit from the rising demand for metals critical to technology, battery, and renewable energy sectors.
Looking Ahead
The commencement of drilling at TMT marks a pivotal step for Belararox as it seeks to convert its exploration potential into tangible resources. While the company has not yet disclosed detailed timelines or expected outcomes from the drilling program, the injection of fresh capital and shareholder backing provide a solid foundation for advancing its projects.
Bottom Line?
Belararox’s $8.5 million placement and drilling kickoff at TMT set the stage for potentially transformative exploration results in 2026.
Questions in the middle?
- What initial results will the TMT drilling program yield and when can investors expect updates?
- How will the company allocate funds across its diverse project portfolio beyond TMT?
- What are the longer-term development plans if significant copper resources are confirmed at TMT?
