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Belararox Limited (ASX:BRX) (“Belararox” or “the Company”) is pleased to present its investor presentation
Investment Highlights
- Mineral explorer focused on battery and renewable energy markets.
- Targeting Copper, Zinc, Gold, Silver, Lithium, Nickel and Lead resources.
- 100% interests in all tenements.
- TMT Project – San Juan Argentina.
- Land package of >32,000 ha within the most mineralised range in the world, in San Juan province, Argentina (ranked No 1 jurisdiction in investment attractiveness across South America by Fraser Institute.
- Porphyry targets determined by preliminary desktop studies by renowned porphyry specialists (Dr Steve Grawin).
- Experienced exploration team led by Mr. Jason Ward, head of Condor Prospecting, who is INVESTING 1M USD WORTH OF SHARES in the project. Jason is relocating permanently to Argentina.
- Multiple Environmental Impact Assessments (EIAs) have been approved, enabling the commencement of field activities in September 2023.
- Establishment of an office in San Juan
- Commencement of site works including road rehabilitation and refurbishment of accommodation.
The location of the Toro-Malambo-Tambo (“TMT”) project relative to the El Indo Metallogenic Belt and the Maricunga Metallogenic Belt[1]
- Belara project
- Inferred Resources of 5.0 million tonnes (Mt) at 3.41% Zinc equivalent (ZnEq).
- Regional exploration commenced - Ben Buckley produced a reported average grade of 0.61% Cu and 0.50% Zn, with peak assay values of 4.60% Cu and 1.45% Zn.
- Bullabulling project
- Several new potential Lithium-Caesium-Tantalum (“LCT”) pegmatite targets identified
- Notable lithium projects and prospects in the immediate vicinity include Future Battery Minerals’ (ASX:FBM) Kangaroo Lithium Project, the historical Ubini mine and the Red Panda prospect.
- Tight capital structure.
Board of Directors and Capital Structure
Click here for the full ASX Release
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BRX:AU
Belararox Limited
Overview
Belararox Limited (ASX:BRX) is an Australian mineral exploration and development company focusing on its 100-percent-owned base and precious metals projects, targeting zinc, copper, gold, silver, nickel and lead resources, and aiming to be. The company aims to be a significant contributor to help meet the world’s growing demand for battery and renewable energy metals.
The Australian government is investing nearly AU$70 billion to boost renewable energy initiatives to meet its 2030 net-zero goals, which not only provides Belararox opportunity to access government funding but also allows it to benefit from a supportive policy regime.
Belara, the company’s flagship project in New South Wales, has an inferred resource estimate of 5 million tonnes of base and precious metals. Belararox also recently acquired a new asset in Argentina, which the company will soon begin exploration work on.
Belararox has completed Phase 1 drilling, confirmed historical mineralizations, and upgraded the JORC-compliant inferred resource estimate at its flagship Belara asset. The updated resource estimate resulted in a 100-percent increase in mineralized tonnes, a 65-percent increase in copper, and a newly defined 33,762 ounces of gold. The company is now moving towards Phase 2 drilling.
Bullabulling, the company’s secondary asset in Western Australia, is slated for lithium permatite exploration work to be completed by middle of 2023, with results being available by the end of the year.
In March 2023, Belararox entered a binding agreement to acquire 100 percent of the Toro-Malambo-Tambo (TMT) Base Metals and Cu-Au Porphyry project in Argentina (TMT Project) from Fomo Ventures. As part of the transaction, Belararox will enter into royalty deeds with Fomo shareholders with respect to a one-percent net smelter royalty. The TMT project is believed to be highly prospective for zinc, an in-demand clean energy metal used in processes to reduce carbon emissions.
Company Highlights
- Belararox Limited is a mineral exploration and development company focussing on its 100-percent-owned precious and base metal assets.
- The company’s focus on battery metals creates an opportunity to gain access to funding from the Australian government, which is investing in mining projects to reach its 2030 net-zero goals.
- Belara, the company’s flagship asset, has an inferred resource of 5 million tonnes of base and precious metals, including zinc, lead, copper, silver and gold.
- Belararox Limited will soon begin the next phase of drilling at Belara.
- The company’s secondary Bullabulling project in Western Australia has a planned drilling campaign for 2023.
- Belararox’s recently acquired Toro-Malambo-Tambo (TMT) project in Argentina includes untested assets. The company inspected and reviewed key mineralised sections of historical drill core stored in trays as part of its due diligence process in acquiring the project and has verified the presence of zinc mineralisation.
- An experienced board and management team leads the company towards exploring and developing its asset portfolio with expertise throughout the mining industry.
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Developing Precious and Base Metal Assets to Meet Future Demand