Will Dix Takes Helm at Belararox with 10.7 Million Performance Rights

Leadership Change Signals Strategic Focus

Belararox Limited (ASX: BRX) has announced the appointment of Will Dix as its new Chief Executive Officer, effective 1 April 2026. With over 25 years of experience in exploration and mining, Dix brings a wealth of knowledge in base metals, precious metals, and uranium projects. His track record includes key roles in the discovery and development of significant deposits such as the Thunderbox Gold Project and Waterloo Nickel.

Alongside Dix’s appointment, Belararox has promoted Christian Blaser to General Manager - Exploration. Blaser, who has more than 15 years in the mining sector including eight years at BHP, will oversee all exploration activities in Argentina and Botswana. His expertise spans multiple commodities and international projects, positioning him well to lead the company’s ambitious drilling campaigns.

Exploration Momentum at Core Projects

The leadership changes come as Belararox intensifies exploration efforts at its flagship TMT Project in Argentina’s San Juan Province and prepares to ramp up drilling at the Kalahari Copper Project (KCP) in Botswana. The TMT Project sits strategically between two prolific metallogenic belts and has already yielded promising targets for copper, gold, and other metals.

Meanwhile, the Kalahari Copper Project benefits from its location within a highly prospective copper belt, with tenements near established copper-silver deposits. The company’s exploration team is actively pursuing new discoveries that could underpin future development and production.

Incentivising Growth Through Performance Rights

Belararox has structured Dix’s remuneration to align closely with shareholder interests, granting him 10.7 million performance rights subject to shareholder approval. These rights are tied to key milestones including cash flow delivery, mineralised drill intersections, resource definition, and share price targets. This approach underscores the company’s commitment to tangible exploration success and value creation over the next two to three years.

Non-Executive Chairman Neil Warburton highlighted Dix’s appointment as a pivotal step in advancing Belararox’s projects, particularly as drilling programs are underway or imminent. Dix himself emphasised the strong demand for copper and the significant upside potential of the company’s assets, signalling confidence in delivering shareholder value.