Belararox’s Exploration Push Hinges on Upcoming Survey Results and Shareholder Vote

Operational Momentum in Argentina

Belararox Limited has officially launched its 2025/26 field season at the Toro–Malambo–Tambo (TMT) Project in Argentina’s San Juan province. The company has successfully cleared roads to key targets, including the Toro South area, setting the stage for a combined magnetotellurics (MT) and induced polarisation (IP) geophysical survey scheduled for November. These surveys aim to refine high-priority drill targets ahead of a planned Phase 2 drilling campaign in the fourth quarter of 2025.

The TMT Project sits strategically between two prolific metallogenic belts in the Central Andes, known for hosting world-class copper and gold deposits. Belararox’s recent surface sampling at Toro South has revealed promising copper, gold, silver, zinc, and lead assays, reinforcing the potential for a significant copper porphyry system at depth. The upcoming geophysical work will be critical in delineating these targets further.

Progress in Botswana’s Kalahari Copper Belt

Meanwhile, in Botswana, Belararox’s maiden drilling campaign at the Kareng West tenement is advancing well. Out of eleven planned reverse circulation drill holes, five have been completed, targeting four of six high-priority copper zones identified through gravity and magnetic surveys. The drilling focuses on the contact zones between the Ngwako Pan and D’Kar formations, which are known to host copper-silver mineralisation within the Kalahari Copper Belt.

Community engagement has been proactive, with environmental permits secured and local village consultations conducted ahead of drilling. The company’s geological mapping and geophysical interpretations continue to validate its exploration strategy in this highly prospective region.

Strengthening Community Ties and Financial Position

Belararox has also taken significant steps to enhance its social licence to operate in Argentina by signing two Memoranda of Understanding with Curtin University and leading institutions in San Juan. These agreements establish a five-year framework for collaboration in research, education, and skills development, underscoring the company’s commitment to responsible and community-integrated mining development.

Financially, the company completed a two-tranche placement raising A$8.5 million before costs, with A$3.24 million received during the quarter and the remaining A$5.26 million pending shareholder approval at the upcoming Annual General Meeting. Ending the quarter with A$4.83 million in cash and zero debt, Belararox is well-funded to execute its exploration programs across Argentina and Botswana.

Australian Projects on Hold

Exploration activities in Australia, including the Belara and Bullabulling projects, were limited this quarter due to prioritisation of overseas operations. Plans are in place to resume work and reassess exploration strategies later in 2025, including rehabilitation efforts and potential resource extensions.

Managing Director Arvind Misra highlighted the company’s strong operational and strategic progress, emphasising the importance of the upcoming MT/IP surveys and Phase 2 drilling at TMT, as well as the maiden drilling results in Botswana. He expressed confidence that Belararox’s robust financial position and exploration focus in two world-class jurisdictions position the company well for future value creation.