Belararox Limited

Key Environmental Impact Assessment Approval Secured at Belararox’s TMT Project

Belararox Limited (ASX:BRX) (“Belararox” or “the Company”), an advanced mineral explorer focused on high-value clean energy metals, is pleased to announce the approval of the key Environmental Impact Assessment (EIA””) over the Toro tenure and that three (3) of the nine (9) recently submitted EIA’s for the Company’s Toro-Malambo-Tambo (“TMT”) Project in Argentina have now been approved.

Key Highlights

  • The main Environmental Impact Assessment (“EIA”) for the TMT project covering the Toro tenure has been approved.
  • With this approved EIA, three (3) out of the nine (9) recently submitted EIAs have been approved.
  • Toro tenure EIA is the key EIA of the nine (9) because it includes the authorisation of up to 8,000m of diamond drilling in addition to the upgrading of main infrastructure critical to the project, such as the campsite and primary access tracks.
  • Activities such as initial exploration, drilling, camp refurbishment, track construction and maintenance are now permitted to commence immediately.
  • The activities provide a pathway to investigating and confirming the reported drilling intercepts and to further develop untested areas of interest within the tenement, where high-sulphidation epithermal and/or porphyry mineralisation targets have been identified.
  • Exploration Director Jason Ward is relocating to Argentina to lead the exploration team.
  • Planned activities to commence shortly include:
    • Mobilising the Earthworks Contractor to re-establish the project’s campsite and upgrade the existing access track.
    • Surface sampling of untested sectors surrounding the Toro target.
    • Establishing an environmental baseline with registered Biologist as part of the EIAs.

Activities such as initial exploration, drilling, track building and maintenance are now permitted to commence immediately within the Toro tenure approved area displayed in Figure 1 (Green solid Toro tenure).

Furthermore, having achieved approval for three (3) EIAs, the company holds a positive outlook regarding the upcoming authorization of the remaining six (6) assessments (BRX ASX Release dated 1st September 2023).

Exploration Director, Jason Ward, commented:

With the granting of these EIA’s, we are set to commence fieldwork at TMT. The timing couldn’t be better with the beginning of the field season, and I am excited to be moving back to Argentina to lead the team exploring in the Andes once again. With multiple untested porphyry targets at the junction of two of the world’s richest metallogenic belts who wouldn’t be. I’m also looking forward to working once again with Dr Steve Garwin who will be joining us there later this year.

Managing Director, Arvind Misra, commented:

We're pleased to announce the approval of the TMT project's main EIA, a significant milestone as the third out of nine recent submissions. This approval enables immediate exploration activities, including up to 8,000 meters of diamond drilling and infrastructure upgrades. We will confirm historical results and explore new areas with a focus on mineralization. Jason Ward's relocation to Argentina will strengthen our exploration programme, and in addition, we anticipate valuable insights from world-renowned expert Dr. Steve Garwin during his forthcoming visit.

Click here for the full ASX Release

This article includes content from Belararox Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
  Diatreme Resources Limited

Mineral Resource Upgrade Paves Way for Northern Silica Project PFS

Emerging silica sands developer, Diatreme Resources Limited (ASX:DRX) announced today a significant upgrade to the estimated Si2 Mineral Resource at the Company’s Northern Silica Project (NSP) in Far North Queensland, highlighting the critical mineral project’s potential amid an accelerating solar energy boom.

Keep reading...Show less
Conquest Resources Enters into Agreement with VerAI Discoveries for AI Targeting on Belfast TeckMag Project

Conquest Resources Enters into Agreement with VerAI Discoveries for AI Targeting on Belfast TeckMag Project

Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") has entered into a Royalty Purchase and Sale Agreement with VDI Resources LLC (VDI), a subsidiary of VerAI Discoveries Inc. (VerAI), an artificial intelligence (AI) powered mineral discovery generator, pursuant to which the Company agrees to grant to VDI a 1.5% net smelter return royalty on certain target areas with recommended drilling locations generated by VerAI utilizing its proprietary AI technology. The Company agrees to grant VDI an additional 1.5% NSR in return for funding a drill program for testing of the targets identified by VerAI on the Belfast TeckMag Project, a 350 sq. km. land package located northeast of Sudbury, Ontario.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less


/Not for distribution to U.S. news wire services or dissemination in the U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2024 to shareholders of record on April 30, 2024 . This represents an increase of 8% to the monthly dividend. Source Rock has now increased its monthly dividend by 30% since March 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
  Rimfire Pacific Mining Limited

Compelling Cobalt Copper and REE Targets Identified at Broken Hill

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that multiple cobalt, copper, and Rare Earth Element [REE] targets have been identified at its recently expanded 100% - owned Broken Hill Project which is located 17-30 kilometres west of Broken Hill, NSW (Figures 1 and 2).

Keep reading...Show less
Reach Resources

Rights Issue and Shortfall

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce it has received $822,595 from the recently completed non-renounceable rights issue.

Keep reading...Show less
Various commodities atop a stock chart.

McKinsey: Commodities Trading Generated US$104 Billion in 2023

A recent report from McKinsey highlights trends seen in commodities trading over the past year.

The document shows that despite global uncertainty, commodities trading generated over US$100 billion in earnings before interest and taxes in 2023, translating into more than US$150 billion in gross margin.

McKinsey mentions challenges related to COVID-19 and geopolitical conflicts, such as increased price volatility and supply chain disruptions, but notes that commodities trading value pools have show resilience.

Keep reading...Show less

Latest Press Releases

Related News