Lithium Focused Exploration Update at Bullubulling Project, WA

Belararox Ltd (ASX: BRX)(Belararox or the Company) is an advanced mineral explorer focused on high-value clean energy metals, and has identified potential LCT mineralisation at the Company’s Bullabulling 100% owned project. Additionally, the project is considered highly prospective for gold.

Key Highlights

• Belararox has identified up to fourteen separate potential Lithium-Caesium-Tantalum (“LCT”) occurrences during geological mapping of its 100% owned Bullabulling project.
• The pegmatites are associated with mafic metamorphic rocks adjacent to the Bali Monzogranite and are considered prospective for LCT pegmatites, with additional gold targets identified as sheeted quartz veins.
• This work parallels the success of BMG Resources drilling at its Ubini and Purple Panda prospects in which multiple pegmatite occurrences have been identified in the same structural corridor adjacent to the Bali Monzonite and other potential pegmatite source rocks.
• Future work:
  • Assays expected in the coming weeks.
  • Systematic surface sampling of the most prospective targets.

Managing Director, Arvind Misra, commented:

The successful mapping campaign further highlights the Lithium prospectivity of the project and the Company is excited to have identified several potential LCT pegmatites. These will be the focus of exploration efforts in the immediate future.

Background

Belararox holds the Bullabulling Project which is comprised of 26 wholly owned tenements covering an area of approx. 50km2 to the west of Coolgardie in the Eastern Goldfields of Western Australia. The company is pleased to announce the initial findings of geological mapping of the project. Figure 1 highlights samples of in-situ pegmatites identified across the project area.

Refer to Figure 2 for the location of the project and nearby lithium mineral explorers.

Figure 1: Samples of pegmatite BBGS050 (297044 mE, 6568534 mN, MGA94 Zone 51)and BBGS064 (298605 mE, 6581179 mN, MGA94 Zone 51) each with feldspar, mica, quartz and garnets.

Nearby Exploration Success

On the 20^th March 2023, just 11.5km to the east of Belararox’s eastern tenement boundary, ASX-listed explorer Future Battery Minerals Limited (ASX:FBM) [formerly Auroch Minerals Ltd (ASX:AOU)] announced it had intercepted 29m @ 1.36% Li2O from 38m downhole in drill hole KHRC011 from a 14-hole Phase 1 reverse circulation (RC) drilling program at its Kangaroo Hill Lithium Project.ⁱ The relative location of the significant intercept and its distance from the Bullabulling tenement package is presented in Figure 2.

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